CIBC Everyday® Chequing Account

Up to 10 transactions for a low monthly fee

CIBC Everyday® Chequing Account

If you make only a few transactions a month, this account is for you

  • Monthly fee: $3.90
  • Transactions included: 10
  • No minimum balance
What is VISA™ Debit?

An enhanced debit card that uses the VISA network to process debit payments.

What it means for you

You can continue to pay by debit at stores in Canada. The enhancement lets you pay by debit online, by phone, by mail and in person anywhere in the world where Visa or Visa Debit are accepted, with the added security from Visa.

Learn more: the CIBC Advantage Debit Card


A competitive account with all the conveniences

Basic banking

No monthly fee when you maintain a monthly balance of $1,000 or more
------------------------------------------------------------- or-------------------------------------------------------------
Get 50% back on the monthly fee with the CIBC Homeowner™ Banking Bundle1

Account essentials
  • 10 transactions2 included ($1 for each additional transaction over 10)
  • No minimum balance
  • Account statements online for quick retrieval and "paperless" record keeping3
Around-the-clock account access
  • Bank machines
  • Telephone banking
  • Online banking
  • Mobile banking

Plus weekend and extended branch hours

Around-the-world peace of mind

Get the most from your account with the CIBC Advantage Debit CardTM1. Shop in Canada as you always have with INTERACTM2 Debit. Plus, with this card you can shop at stores in the U.S. and internationally where Visa™ is accepted as well as online, over the phone or by mail at participating retailers that accept Visa Debit.

Learn more: The CIBC Advantage Debit Card


Experience the CIBC advantage


Extended 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 iPad®1


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

Total solution

Expert advisors readily available to help you build an effective bundle that may result in cost-savings, such as the CIBC Homeowner Banking Bundle1


Determine which account is right for you

  • 10 transactions2
  • $3.90 monthly fee
  • --
  • For your basic banking needs


Fast and secure account application

Already have a CIBC bank account?

If you are a CIBC Online Banking client, simply sign on to access a pre-filled application. Or register now for online banking. It only takes a few minutes, and it allows you to open your new account automatically and start using it immediately.

Applying for your first CIBC bank account?

Save time by completing the application online, then activate your account by visiting a branch with 2 pieces of valid identification or mailing in required documents and a personalized cheque payable to yourself.

Apply Now: For a CIBC Everyday Chequing Account

You can also call
or apply in a branch

Rates & Fees

Monthly Fees $3.90
Waived if you maintain a $1,000 minimum monthly balance.
  • Cheques
  • Withdrawals (including ABM)
  • Transfers
  • Pre-authorized payments
  • Bill payments (including CIBC Credit Cards and CIBC Personal Lines of Credit)
  • Debit purchases
10 transactions included, and $1 for each additional transaction
Sending INTERAC e-TransfersTM2 $1.50 each + transaction fee, if applicable4
Receiving INTERAC e-Transfers Free
Non-CIBC bank machine withdrawal $1.50 each + transaction fee, if applicable
Account inquiries Free
Paperless record keeping3 Free
Bankbook record keeping $2.00/month
Monthly statement with cheques imaged5 $2.50/month
Interim Statement $4.50 each



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Terms and Conditions

1 To qualify for the CIBC Homeowner Banking Bundle, you need to have an eligible CIBC Mortgage or Secured Line of Credit, a CIBC Investment and either a CIBC Credit Card or Creditor Insurance. The rebate will be applied to your eligible chequing account within 8 weeks of your confirmed eligibility. Learn more about the CIBC Homeowner Banking Bundle

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2 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 transfers to your other CIBC bank account(s) using the transfer function on CIBC Online Banking® and CIBC 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. For Everyday Chequing and EverydayPlus Chequing there is a $1.00 fee for each additional transaction over the monthly limit.

3 "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 Banking® or CIBC 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.

4 The regular fee applies to sending any additional INTERAC e-Transfers. Transfers cannot be carried forward to subsequent months.

5 Only the front of cheques will be imaged.

® Registered trademark of CIBC.

®1 iPad is a trademark or service mark of Apple Inc. registered in the U.S. and other countries.

™ Visa Int./lic. user.

TM1 Trademark of CIBC

TM2 INTERAC and INTERAC eTransfer are trademarks of INTERAC Inc.; CIBC authorized user of the marks.