CIBC Unlimited® Chequing Account

Unlimited transactions for a flat monthly fee

CIBC Unlimited® Chequing Account

Make as many transactions as you want for one flat monthly fee

  • Monthly fee: $13.95
  • Transactions included: unlimited
  • 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

Benefits

Enjoy unlimited banking

Account essentials
  • Unlimited transactions1
  • No minimum balance
  • Account statements online for quick retrieval and paperless record keeping2
Around-the-clock account access
  • Bank machines
  • Telephone banking
  • Online banking
  • Mobile banking

Plus weekend and extended branch hours

Low-cost banking

Get 30% back on the monthly fee with the CIBC Homeowner™ Banking Bundle3

Around-the-world peace of mind

Get the most from your account with the CIBC Advantage Debit Card™. Shop in Canada as you always have with INTERACTM1 Debit. Plus, with this card you can shop at stores in the U.S. and internationally where VisaTM2 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

Why CIBC

Experience the CIBC advantage

Convenience

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

Innovation

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

Access

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

Total solution

Expert advisors are available to help you reduce your fees and make the most of your accounts with CIBC Banking Bundles5

Comparison

Determine which account is right for you

  • Unlimited transactions3
  • $13.95 monthly fee
  • Earn Aeroplan Miles
  • Unlimited day-to-day banking

Application

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 either 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 Unlimited Chequing Account


You can also call
1-866-525-8622
or apply in a branch

Rates & Fees

Monthly Fees $13.95
Transactions
  • Cheques
  • Withdrawals (including ABM)
  • Transfers
  • Pre-authorized payments
  • Bill payments (including CIBC Credit Cards and CIBC Personal Lines of Credit)
  • Debit purchases
Unlimited
Sending INTERAC e-TransfersTM1 2 free per month and $1.50 thereafter + 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 keeping2 Free
Monthly statement $2.00/month
Quarterly statement $0.50/month
Bankbook record keeping $2.00/month
Monthly statement with cheques imaged5 $2.50/month
Interim Statement $4.50 each

Help

Questions?

Enter your question in sentence form, e.g.: What types of accounts does CIBC offer?
Top 10 Questions


Terms and Conditions

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 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-TransferTM1 transactions 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. For Everyday Chequing and EverydayPlus Chequing there is a $1.00 fee for each additional transaction over the monthly limit.

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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 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.

3 To qualify for the CIBC Homeowner 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 Bundle™.

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.

™ Trademark of CIBC.

TM1 INTERAC and INTERAC eTransfer are trademarks of INTERAC Inc.; CIBC authorized user of the marks.

TM2 Visa Int./lic. User.

Terms and Conditions

1 When you enroll in the Aeroplan Miles reward feature.

2 Qualifying banking transactions include at least one eligible direct deposit made into your Unlimited Chequing Account or at least three different eligible pre-authorized debits withdrawn from your Unlimited Chequing Account in the same month. Your enrolment in the Aeroplan Miles reward feature on your UCA is required to earn Aeroplan Miles. Other terms and conditions (30 KB) apply. Ask in-branch or call CIBC Telephone Banking for details.

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3 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®1 and CIBC Mobile Banking®1. Additional fee(s) apply to withdrawals from non-CIBC bank machines, INTERAC e-TransferTM2 transactions 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. For Everyday Chequing and EverydayPlus Chequing there is a $1.00 fee for each additional transaction over the monthly limit.

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 printed statements will be sent to customers selecting this option. Customers must review their account transactions through CIBC Online Banking®1 or CIBC Mobile Banking®1, 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 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

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

7 Only the front of cheques will be imaged.

® Aeroplan is a registered trademark of Aimia Canada Inc.; CIBC authorized licensee.

®1 Registered trademark of CIBC.

®2 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.