CIBC Advantage® for Students

Get the student advantage

CIBC Advantage® for Students

  • No monthly fee and unlimited transactions1 on your CIBC Everyday® Chequing Account


Tailored to your student budget

What you need to know:

  • Get unlimited transactions1 and pay no monthly fee
  • Verification of enrolment in a full-time post-secondary program (college, university or CEGEP) is required
  • International students can qualify for this offer by showing their student ID, foreign passport and study permit (IMM 1442)
  • This offer is in effect for up to a maximum of 4 years from your program enrolment date (based on expected graduation date or length of the program). After this, you must re-apply with proof of continued enrolment
  • Free paperless record keeping2 is included with this account

Plus, enjoy the convenience of the CIBC Advantage Debit Card®

  • Get 24-hour access to your account through CIBC branches, bank machines, telephone banking, online banking and mobile banking
  • Make debit purchases in Canada using the INTERAC network®1
  • Make debit purchases outside of Canada, in-person, online, by phone or mail using the Visa network with a CIBC Advantage Debit Card

Plus, with the CIBC Express Switch® Service3, it's easy to transfer your pre-authorized transactions and/or account balance from another bank to CIBC.

More details

Rates & Fees

Banking Fees

Monthly feesNone
- Cheques
- Withdrawals (including ABM)
- Transfers
- Pre-authorized payments
- Bill payments (including CIBC Credit Cards and CIBC Personal Lines of Credit)
- Debit purchases
Sending INTERAC e-Transfer®$1.50 each + transaction fee, if applicable
Receiving INTERAC e-TransferFree
Non-CIBC bank machine withdrawal$1.50 each + transaction fee, if applicable
Account inquiriesFree
Interim statement$4.50 each
Bankbook record keeping$2.00/month
Paperless record keeping2Free

Personal Account Service Fees (260 KB)


Experience the CIBC advantage


Extended branch hours at over 1,000 branches to better accommodate your busy schedule


Industry-leading mobile and online banking allows you to bank on the go with your smartphone and tablet


One of the largest bank machine networks in Canada for quick and easy access to your money

Total Student Solution

Visit Student Life to learn about offers, scholarships, advice and more.

More great deals for students

Short of cash? We’ve got you covered

You can also add CIBC Overdraft Protection Service to this account, which covers you against temporary cash shortages.

Apply Nowfor the CIBC Advantage® for Students offer

A student travel card with no income requirement

Earn Aventura points with the CIBC Aventura® Visa™ Card for Students and get your travel plans off the ground sooner.

Learn more


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Terms and Conditions

Products and their features may change at any time.

This is a general description only. Get complete information about fees here.

1 A transaction includes cheques, withdrawals, transfers, pre-authorized payments, bill payments (including CIBC Credit Cards and CIBC Personal Lines of Credit) and debit purchases. For CIBC eAdvantage Savings Accounts, a transaction does not include online transfers to your other CIBC personal bank account(s) using the transfer function on CIBC Online and Mobile Banking. Additional fee(s) apply to withdrawals from non-CIBC bank machines, INTERAC e-Transfer™ transactions and cheques written in currencies other than the account currency. These fees apply to all customers, including CIBC Advantage for Youth, CIBC Advantage for Students and CIBC 60 Plus Advantage customers.

2 “Paperless” record keeping is a paper-free alternative to statements and bankbooks. This option enables customers to track account activity online or by phone or CIBC bank machine. Please note, no printed statements will be sent to customers selecting this option. Customers must review their account transactions through CIBC Online or Mobile Banking, CIBC Telephone Banking or CIBC bank machines at least once every 30 days and examine all entries and balances at that time. If there are any errors, omissions or irregularities, customers must notify CIBC in writing within 60 days after the date on which the entry was, or should have been, posted to the account. Banking activity that occurred prior to Online Banking registration will not be available in the Online or Mobile Banking transaction history.

3 CIBC Express Switch is available only when an account is opened in a branch or by CIBC Telephone Banking. If you wish to use this service, your account at another bank must be a traditional branch-based personal bank account from which CIBC Express Switch can transfer pre-authorized transactions and/or account balances. Eligibility may change from time to time and some pre-authorized transactions may not qualify for the switch.

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