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Newhope1221

Newbie
May 30, 2021
3
0
CIBC bank returned me 7,860 dollars instead of 10000 dollars,why did they deducted rest of the amount,who should I contact?
 

Shaild

Hero Member
Oct 17, 2019
753
242
CIBC bank returned me 7,860 dollars instead of 10000 dollars,why did they deducted rest of the amount,who should I contact?
Check below thread. They apparently don't transfer the dollar amount received but calculate based on its rupee value and use a lower exchange rate than the market. so you would always end up getting lesser amount than you paid. Yours seems on a higher end though. Double check with CIBC to be sure ! Its modern day robbery by banks !

https://www.canadavisa.com/canada-immigration-discussion-board/threads/refund-of-cibc-gic-deducted-more-than-400-dollars.698204/
 
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