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How we’re supporting those affected by the ongoing conflict in Ukraine. Learn more about how CIBC is supporting Ukraine.
Why newcomers love CIBC
Bank anywhere with our mobile app or access our 1,100 branches and over 3,000 ATMs across Canada.
Earn cash back with credit card purchases. You don't need to provide an income or credit history, or a security deposit.
Send money back home with no fees1, get account updates in real time and tap to pay for purchases, all from your mobile device.
Your financial journey in Canada starts here
Banking designed for your new life
Start saving and managing your money today with a CIBC Smart™ Account for Newcomers
Special offer
Pay no monthly fee for 2 years.†† Plus, get $400† after you open a CIBC Smart Account for Newcomers as your first CIBC chequing account.
Credit cards to meet your needs
Get a higher limit✦ on your credit card, only at CIBC. Whether you want cash-back, travel or reduced interest rates, we have a credit card that will fit your needs. Newcomer Banking applications do not require credit history or funds to be secured.
Send money back home with $0 transfer fees1
With CIBC Global Money Transfer™, it's safe and fast to send money to loved ones around the globe. You can pay using your eligible CIBC credit card or CIBC bank account.
Your newcomer journey at a glance
Step 1
Deposit accounts (chequing or savings)
Get started with your day-to-day banking needs including wire transfers and foreign cheque deposits.
Step 2
Credit cards
Go cashless, and even use your device to pay your purchases while earning points or cash back.
Step 3
Financial advice
Get advice from our financial advisors — they will work with you to make your ambitions a reality, like saving for a down payment for your home.
Step 4
Mortgage
Our team of Mortgage Advisors will help you buy your first home in Canada.
Track your spending to grow your savings faster
There's a lot to keep track of now that you're in Canada. With CIBC Insights, we help you see where your money is going and how to save more.
Ready to start banking in Canada?
Discover more resources for newcomers
What to do after you arrive in Canada
Send money quickly, easily and securely
Learn how to make a budget
Let's get in touch
Call us anytime
Book a meeting
Visit a branch or ATM