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Advantage for Students

CIBC Advantage® for Students

This program offers special benefits and discounts for students attending a full-time post-secondary program.

The CIBC Advantage for Students gives students a 50% discount on monthly fees and transaction fees on a CIBC Everyday® Chequing Account. Plus, the monthly fee is waived when a minimum monthly balance of $1,000 is maintained.

Interested in opening a new account? If you already have a CIBC personal bank account, just call Telephone Banking. Otherwise, call us to start the application process, or visit one of our branches. 1-866-525-8622 toll free.

Is it for you?

CIBC Advantage for Students is for you if you are attending a qualifying, full-time post-secondary program (college, university, CEGEP).

Key benefits


Saves you money
  • You pay just $1.95 per month for up to 10 transactions and 30 cents for each additional transaction1 (Regularly, the monthly fee is $3.90 and 60 cents for additional transactions)
  • Monthly fee is waived when a minimum monthly balance of $1,000 is maintained
Convenient
  • 24-hour access to your account through bank machines, CIBC Telephone Banking, CIBC Online Banking and INTERAC* Direct Payment
  • Choose the free record keeping option that suits you best: bankbook, basic monthly or quarterly statement, or paperless option

Information you need to know:

  • Monthly fee: $1.95 for up to 10 transactions, 30 cents for each additional transaction1
  • Monthly fee is waived if a minimum monthly balance of $1,000 is maintained
  • Monthly statement with cheques imaged2: $2.50/month
  • Interim statement: $4.50 each
  • Additional fees apply to withdrawals from non-CIBC bank machines
  • Verification of enrolment in a full-time post-secondary program (college, university or CEGEP) is required
  • Student discounts are in effect for up to 12 months, after which students must reapply

Important information

Products and their features may change at any time.

This is a general description only. For complete information about fees, refer to the service fee disclosure brochure Personal Account Service Fees effective April 1, 2007

1 "Transaction" includes the following: cheques, withdrawals, pre-authorized payments, bill payments and INTERAC Direct Payment purchases. Additional fee(s) apply to all withdrawals at bank machines not displaying the CIBC name or logo; the student discount does not apply to these.

2 Only the front of cheques will be imaged.

® Registered trademark of CIBC.

* Trademark of Interac Inc., CIBC authorized user of trademark.