![]() An ATM in England, you'll receive British pounds.If you use a Smart Prepaid Travel Visa Card loaded with British pounds to withdraw cash from: An ATM in England, the value will be converted to British pounds and you'll receive British pounds.An ATM in Canada, you'll receive Canadian dollars.Even if a CIBC ATM in Canada dispenses USD, the prepaid card can only withdraw Canadian funds from the ATM.įor example, if you use a CAD Smart Prepaid Card to withdraw cash from: You can only withdraw Canadian funds from CIBC ATMs in Canada. If you are withdrawing funds in a country with a different currency than your prepaid card, your funds will be converted to local currency and a foreign conversion fee will apply. You can withdraw money using your Smart Prepaid Card from ATMs worldwide. The following transaction limits apply 5: Limitĭaily (24-hour) maximum ATM withdrawal limitĭaily (24-hour) maximum point-of-sale purchase limit Optional card replacement shipment by courier The first ATM withdrawal in each month is free. Transactions, such as debits and credits, not in the currency of your card are converted into the currency of your card no later than the transaction posting date at an exchange rate that is 2.5% over the rate CIBC must pay. The amount of the customization fee will depend on the currency of your account. Only transactions that fall within the prepaid fraud guidelines may be covered. It’s not a credit card, but a reloadable prepaid card. ![]() There is no trip cancellation, trip interruption coverage or any type of trip insurance on this card. The card is solely used for purchasing purposes. ![]() No rewards programs are affiliated with the prepaid Visa card. Unlike a credit card, statements will not be mailed out. Statements for prepaid cards are available at Visa Prepaid Cards Opens in a new window. It is recommended to review your history at least once every 30 days to report any fraudulent or disputed transactions.Ĭash advances are not applicable with the prepaid Visa card at merchant point-of-sale (POS) terminals. You can load funds onto your prepaid card from a CIBC bank account or personal line of credit. Unlike a credit card, which allows you to access a credit limit and pay the bill later, prepaid cards let you load what you need in advance.Ī prepaid card is a reloadable Visa card where the funds never expire, whereas a credit card is revolving credit that goes against your liabilities. ![]()
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