† The offer runs from June 1 to August 30, 2019. Offer only open to residents of Canada who: (i) at the beginning of the offer period, were not a holder (or joint holder) of a CIBC chequing account; and (ii) have not previously received or benefited from a CIBC chequing account cash or other promotional offer from 2015 to present time.
To qualify, open a CIBC Smart Account and provide your email address. Next, within three (3) calendar months, set up and complete within the CIBC Smart Account at least one (1) eligible recurring direct deposit OR at least two (2) different eligible recurring pre-authorized debits (each, a “Qualifying Action”) within the same calendar month. The standard monthly account fee will be waived for: (i) the calendar month in which the account is opened; and (ii) the first three (3) full calendar months immediately following the end of the calendar month in which the account is opened.
If at least one (1) Qualifying Action is completed each subsequent month for nine (9) full calendar months following the first three (3) calendar months after the account was opened, the standard monthly account fee will continue to be waived for each calendar month in which the Qualifying Action occurs, up to a maximum of nine (9) additional months. Other service fees continue to apply as set out in the Personal Account Service Fees brochure.
At the end of the offer, standard monthly and/or transaction fees will apply without further notice. Other conditions apply. Offer may be changed or withdrawn at any time without further notice. For full offer details, visit a CIBC Banking Centre or review the terms and conditions (PDF, 120 KB) Opens a new window in your browser.
1 The additional $1.50 service fee is waived for sending Interac e-Transfer transactions. Each Interac e-Transfer transaction you send counts as a transaction for calculating your monthly fee. Maximum dollar amount applies for Interac e-Transfer transactions. For details, review the CIBC Interac e-Transfer Terms and Conditions (PDF, 300 KB) Opens a new window in your browser..
2 Entire monthly fee is waived if you maintain a minimum end of day balance of $3,000 each day and a recurring direct deposit or 2 pre-authorized payments each month in this account. For details, review the CIBC Smart Account fee waiver terms and conditions, part of the Personal account service fees (PDF, 535 KB) Opens a new window in your browser..
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, CIBC Mobile Banking, CIBC Telephone Banking and at CIBC ATMs. For all accounts, transfers to CIBC-branded loans (excluding CIBC Personal Lines of Credit), mortgages and investments (registered and non-registered) are free. "CIBC-branded” means any brand that has CIBC in its name and is offered by CIBC or its Canadian affiliates (and does not include CIBC Bank USA). Other fees (in addition to any transaction fee) include: withdrawals from non-CIBC bank machines (rebated for CIBC Smart Plus Accounts except the 2.5% administration fee on the converted amount of foreign currency ATM withdrawals), wire payments, Interac e-Transfer transactions (the Interac e-Transfer fee is waived for CIBC Smart Accounts, CIBC Smart Plus Accounts and for clients who are enrolled in CIBC Advantage for Youth, CIBC Smart for Students, CIBC Smart for Seniors (on the CIBC Smart Account) and CIBC Advantage for Students (on the CIBC Everyday Chequing Account)) and transactions in foreign currency (including cheques written in currencies other than the account currency).
4 Any free or unused transactions cannot be carried forward for use in subsequent months.
5 Regular interest (“Regular Interest”) is calculated daily at the current rate on each day’s full closing balance and paid monthly. The regular interest rate is paid on the full daily closing balance.
Interest is credited to your account as of the last business day in the interest period. However, the interest cannot be withdrawn, and will not be printed at branch terminals or at CIBC's Bank Machines or made available through CIBC Telephone or Online Banking, until two business days after the end of the interest period.
Interest rates quoted are annual. Interest rates and balance tiers are subject to change without prior notice.
If you have any questions about our interest rates, call 1-800-465-2422, or come into your local CIBC branch today to open an account.
6 Subject to credit approval.
7 The rebate is also available for cardholders with the following CIBC cards no longer available for new clients: CIBC Aventura World Mastercard®, CIBC Aventura World Elite® Mastercard, CIBC Aerogold Visa and CIBC Gold Visa. The rebate is up to $120 on the annual fee for primary cardholder and $50 on the annual fee for up to 3 additional cards.
Terms and conditions apply. For details, review the CIBC Smart Plus Credit Card Annual Fee Rebate Terms and Conditions (PDF, 75 KB) Opens a new window in your browser..
8 The additional $1.50 service fee is waived for sending Interac e-Transfer transactions. Maximum dollar amount applies for Interac e-Transfer transactions. For details, review the CIBC Interac e-Transfer Terms and Conditions (PDF, 300 KB) Opens a new window in your browser..
9 Fees charged by other financial institutions or third parties for using their ATMs, and the 2.5% administration fee on the converted amount for foreign currency ATM withdrawals are not included in this feature and will be charged to your account. ATM withdrawal amounts may be limited to a maximum dollar withdrawal amount.
10 Flat monthly fee for unlimited everyday banking transactions, unlimited Interac e-Transfer transactions and ATM withdrawals. Entire monthly fee is rebated if you maintain a minimum balance at the end of each day of the month of $6,000 in your account or at least $100,000 in eligible Savings and Investments. Terms and conditions apply. For details, review the CIBC Smart Plus Account Fee Rebate Terms and Conditions (PDF, 90 KB) Opens a new window in your browser..
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