CIBC CLOSES BIZSMART BANKING
By Adnews Staff
Canadian Imperial Bank of Commerce will close down the no-fee daily banking services it offered with Staples Business Depot within several months. The bizSmart service was introduced two years ago. It offered small businesses banking services through the Internet, by telephone, through CIBC bank machines and at some Staples Business Depot retail stores. According to CIBC, the service will continue to operate for the next several months. During that time a mailing will be sent to existing customers to offer them a new no-fee daily banking service through CIBC. According to the bank, the closure is connected to restructuring measures instituted last month. Advertising for bizSmart was done by CIBC's agency of record, Publicis Canada.