CIBC Expands ABM Access to more than 500 Petro-Canada Retail Locations

TORONTO, Sept. 19, 2014 /CNW/ -  CIBC (TSX: CM) (NYSE: CM) clients now have access to cash withdrawals at more than 500 new ABMs at Petro-Canada retail locations across Canada. This expansion boosts CIBC's ABM network to almost 4,200 locations, one of the largest networks in the country.

The expansion is made possible through CIBC's ABM branding relationship with Cardtronics, the world's largest retail ABM owner and a provider of ABM services to Petro-Canada retail locations.

"Canadians want to bank where, when, and how they want, and we're pleased to be offering 500 new locations where our clients can access their banking while they are on the road," says Fraser Mackay, Vice-President, CIBC. "Whether they choose to bank through their smartphone on our award winning mobile banking app, or stop at an ABM to withdraw money, CIBC clients now have even more options to bank on the go."

CIBC already partners with Petro-Canada, a Suncor Energy business, on the no-fee CIBC PETRO-CANADA MasterCard. The card offers instant savings of two cents per litre on fuel, and the ability to earn valuable PETRO-POINTS rewards wherever clients use their PETRO-POINTS MasterCard to shop for everyday items. PETRO-POINTS rewards can be redeemed for a Fuel Savings Reward Card that saves an additional five or ten cents per litre on 200 litres of fuel. The rewards can also be redeemed for other items at Petro-Canada locations, or redeemed online for the latest music, eBooks and audiobooks.

About CIBC

CIBC is a leading Canadian-based global financial institution with nearly 11 million personal banking and business clients. Through our three major business units - Retail and Business Banking, Wealth Management and Wholesale Banking - CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada with offices in the United States and around the world. You can find other news releases and information about CIBC in our Media Centre on our corporate website at www.cibc.com.

SOURCE: CIBC