CIBC Newcomers to Canada Plan
New to Canada?
- Get discounts if you've obtained permanent residence status within the past three years
- Unlimited transactions and no monthly fee for one year with a CIBC Everyday® Chequing Account
Make your life in Canada a little easier
With the CIBC Newcomers to Canada Plan1, you'll get:
- Unlimited transactions and pay no monthly fee for one year2 with a CIBC Everyday® Chequing Account
- Free paperless record keeping3
- Up to $50 cash back4 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
Experience the CIBC advantage
Extended branch hours at over 1,000 branches to better accommodate your busy schedule
One of the largest bank machine networks in Canada for quick and easy access to your money
Expert advisors are available to help you reduce your fees and make the most of your accounts with CIBC Banking Bundles5
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.
Choosing the right bank account
To get established in Canada and start building your financial future, you'll need a bank account.
Enter your question in sentence form, e.g.: How do I open a bank account?Top 10 Questions
Terms and Conditions
1 The CIBC Newcomers to Canada Plan may be changed or withdrawn at any time.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 the CIBC Newcomers to Canada Plan offers, the customer must present his/her official Permanent Resident Card or Letter and request the CIBC Newcomers to Canada Plan benefits when applying for a product. Credit products are not available to Newcomers with an unsatisfactory credit history.
2 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 10 transactions plus $1.00 per each additional transaction beyond 10. 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.…
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®, 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 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 approximately one to four weeks of the box being rented. This cannot be combined with any other Safety Deposit Box offer.
5 To qualify for the CIBC Banking Bundles, 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.