New to Canada?

  • Get discounts if you've obtained permanent residence status within the past three years1 or if you are a temporary resident in Canada on a valid work permit2
  • Unlimited transactions and no monthly fee for one year with a CIBC Everyday® Chequing Account

Apply Now for the Newcomers to Canada CIBC Everyday Chequing Account offer

Call 1-866-525-8622 or visit a branch


Make your life in Canada a little easier

As a Newcomer to Canada you'll get:
  • Unlimited transactions and pay no monthly fee for one year3 with a CIBC Everyday® Chequing Account
  • Free paperless record-keeping4
  • Permanent residents can also qualify for up to $50 cash back5 on a safety deposit box
Plus, enjoy the convenience of the CIBC Advantage Debit CardTM
  • Get 24-hour access to your account through CIBC branches, bank machines, telephone banking, online banking and mobile banking
  • Shop in Canada using INTERAC® Debit
  • Shop at stores in the U.S. and internationally where Visa is accepted
  • Shop online, over the phone or by mail at participating retailers where Visa and Visa Debit are accepted


Better ways to bank with CIBC


Bank when you like – we’re open longer at many of our 1,100+ branches.


Bank on the go, with award-winning mobile and online banking.


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

Total Solutions

Get all the banking you need with the Welcome to Canada Package

Your life in Canada – what you need to know

Moving to a new country can be challenging. Whether you're already in Canada or making plans from overseas, CIBC is here to help.

Get advice on starting your new life in Canada

Choosing the right bank account

To get established in Canada and start building your financial future, you'll need a bank account.

Learn more about choosing the right bank account

Call 1-866-525-8622 or visit a branch
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Terms and Conditions

1 To apply for the credit card, you must have either (a) another eligible CIBC personal banking product in good standing; such as a chequing or savings account (for details please visit; OR (b) a certain minimum household income (depending on the card you apply for) and meet CIBC’s credit criteria for that card.

2 These offers may be changed or withdrawn at any time. Unless otherwise specified, special offers are limited to one per person. Offers apply to newly-issued products only. To be eligible to receive these offers, the customer must present a valid Canadian Work Permit 12 months or greater and request the CIBC Offers for Foreign Workers when applying for a product. Other conditions apply.

3 Offer available on new CIBC Everyday Chequing Accounts only. A transaction includes cheques, withdrawals, transfers, pre-authorized payments, bill payments (including CIBC Credit Cards and CIBC Personal Lines of Credit) and debit purchases. The waived fees are the regular monthly fee of $3.90 for up to 12 transactions plus $1.00 per each additional transaction beyond 12. Additional fee(s) apply to withdrawals from non-CIBC bank machines, INTERAC e-Transfers® and transactions in foreign currency (including 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. Although transaction fees, including for processing cheques, are waived for one year, a fee applies if you purchase a booklet of cheques. Fee waiver is in effect for one year, after which regular monthly and transaction fees will automatically apply without prior notice.

4 "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 electronic or 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.

5 This offer applies only to new Safety Deposit Boxes (where available), rented to Newcomers who also open a new CIBC chequing account. The prorated annual Safety Deposit Box fee plus taxes is due when the Safety Deposit Box is first rented; the regular annual Safety Deposit Box fee plus taxes will be collected in January of each year. The customer will be reimbursed the cost of a small Safety Deposit Box rental (up to $50 plus tax) into their CIBC chequing account within approximately one to four weeks of the box being rented. This cannot be combined with any other Safety Deposit Box offer.

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