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Canadian Defence Community Banking: Uniquely Ours

From Ms Kim Ann Charest, CDCB Program Manager, CFPSA

Canadian Defence Community Banking (CDCB) is the happy result of input from CF personnel married with the banking expertise of CIBC, all managed by the CF Personnel Support Agency. Launched in 2005, CDCB was created with you in mind, offering value-added banking that meets the unique needs of the CF community – your community.

CDCB:
 
• minimizes the impact of frequent relocations by having an account that moves with you, and by removing credit penalties that affect borrowing rates;

• maximizes your savings by offering the highest paid interest savings account currently paying 4.25%;

• provides knowledgeable brokers who can help with mortgage interest subsidies to transferees under the IRP;

• simplifies travel with a bank card that can be used for cash withdrawals anywhere in the world where there is Interac or PLUS, and offers no limits on the number of accounts you open, so you can even manage your travel claims separately; and

• offers easy banking when you're deployed – a 24/7 customized call centre with a 1-800 bilingual telephone number accessible from throughout Canada, and a collect number accessible from overseas (including in-theatre) when time is of the essence or when the Internet is not available.

What else does CDCB offer?

• A low-fee $5-per-month chequing account with interest on all balances, unlimited cheques, bill payments, debit card usage and access to CIBC and President’s Choice (PC) ABMs
• Access to your money at more than 3800 CIBC and PC ABMs in Canada
• Free Simple Set-Up™ service allowing for easy switching of your payroll, pre-authorized payments and deposits
• Free bank-to-bank transfers
• A line of credit from $5000 to $50 000 with low rates and flexible repayment terms
• A savings account paying high daily interest and requiring no minimum balance
• GICs that start with as little as $500 with competitive rates
• Discounted mortgages through Home Loans Canada, providing a choice of lenders
• CIBC suite of credit cards, from which you pick the card that best suits your needs

Who is eligible?

• CF personnel (Regular Force and Reserve), Canadian Rangers, members of the Cadet Instructor Cadre (CIC), and retired and former CF personnel
• DND employees
• Non Public Fund employees and retirees
• Foreign military personnel on duty in Canada
• Members of the RCMP
• Members of the Canadian Corps of Commissionaires
• Survivors or children (of CF personnel) who are in receipt of a CF pension
• Family members of any of the above groups

Go to www.cdcbanking.com or www.cfpsa.com/cdcb for comprehensive information, a banking demo and an online application.