CIBC Refunding More Than One Million Clients

AM800-NEWS-CREDIT-CARDS-ISTOCK-1.3670183 Stack of multicolored credit cards close-up view with selective focus. ((Photo courtesy of iStock/alexialex))

Published: August 03, 2018 at 4:31PM EDT

CIBC is refunding 1.4-million customers for improperly charging credit card fees over the past 14-years. Some credit card accounts in Canada may have been incorrectly charged a fee for exceeding the credit limit between 2003 and 2017. The average refunds are about $50 and will be issued until October. CIBC is notifying affected clients directly.