CIBC customers dinged when bank adds $5 fee to e-gift cards, calling them a 'cash advance' | CBC News

171 comments ; Curious, she dug out her October Visa statement and discovered the bank had also dinged her $5 when she bought a $25 Starbucks e-gift card for a friend that month. A gift card she purchased in August did not have the extra fee. ; Murphy called CIBC to inquire about the extra charges and after a lengthy conversation with a customer service rep learned they were "cash advance" fees, charged every time anyone purchased a gift card that is sold by a company called CashStar. ; That third party company sells gift cards online or via an app for more than 300 companies — many of them popular brands such as Tim Hortons, Starbucks, Best Buy, Home Depot, Lululemon and Sephora.

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