Why did I receive less in my bank account than the amount of my refund from Sheridan?

Payments made through CIBC’s student pay portal must be refunded through the portal to the original account used to make the payment.  

All refunds issued through CIBC’s student pay portal are subject to a 1% service fee charged by CIBC, which is deducted from your refund.  

There may also be differences in the amount of your refunds because of exchange rates.  

Sheridan does not control the foreign exchange rate that is applied to the Canadian value of your refund, nor does Sheridan have any control over bank fees that may be charged. For more information, you may reach out to studenthelp@cibc.com