Fee type Current Effective July 1, 2021
Monthly account fee $4.95 to no more than $14.95 for unlimited transactions1 $6.95 to no more than $16.95 for unlimited transactions1
Full rebate of monthly account fee $3,000 minimum daily closing balance each day, plus 1 recurring direct deposit or 2 pre-authorized payments $4,000 minimum daily closing balance each day
Non-CIBC ATM withdrawal in Canada $2.00 per withdrawal

1 free withdrawal per month

$2.00 each after 1 free

CIBC Smart™ for Seniors — clients aged 65 and older

Monthly fee discount: $4.95

Monthly fee paid: $10 for unlimited transactions1

Monthly fee discount: $6.95

Monthly fee paid: $10 for unlimited transactions1

 Ways you can save

  • A great account when you need unlimited transactions for a low monthly fee.
  • Pay no monthly account fee by maintaining a minimum daily closing balance each day of $4,000 for the entire month.
Fee type Current Effective July 1, 2021
Monthly account fee, up to 12 transactions1 $3.90 $4.00
Transaction fee — each additional transaction1 over 12 $1.25 $1.25
CIBC Smart for Seniors — clients aged 65 and older

Monthly fee discount: $3.90

Monthly fee paid: No fee for up to 12 transactions1

Monthly fee discount: $4.00

Monthly fee paid: No fee for up to 12 transactions1

 Ways you can save

  • Are you using your account more than you initially planned? Think about switching to a CIBC Smart™ Account. It has a flexible monthly fee that adjusts for when you bank a little or when you bank a lot.

CIBC EverydayPlus® Account

Account no longer offered

Fee type Current Effective July 1, 2021
Monthly account fee, up to 25 transactions1 $9.95  $11.95 
Transaction fee — each additional transaction1 over 25 $1.25 $1.25
CIBC Smart™ for Seniors — clients aged 65 and older

Monthly fee discount: $4.00

Monthly fee paid: $5.95 for up to 25 transactions1

Monthly fee discount: $6.00

Monthly fee paid: $5.95 for up to 25 transactions1

 Ways you can save

  • Are you using your account more than you initially planned? Think about switching to a CIBC Smart™ Account. It has a flexible monthly fee that adjusts for when you bank a little or when you bank a lot.
Fee type Current Effective July 1, 2021
CIBC Smart™ for Seniors — clients aged 65 and older

Monthly fee discount: $4.95

Monthly fee paid: $25 for unlimited transactions1

Monthly fee discount: $6.95

Monthly fee paid: $23 for unlimited transactions1

Paper record-keeping

Free

Monthly statement: $2.25 per month; $2.75 with cheques imaged

Quarterly statement: $0.75 per month

 Ways you can save

  • It’s a great time to go paperless. Digital record-keeping is free, always available and better for the environment.
Service Current Effective July 1, 2021
Bank drafts and money orders $7.50 $9.95
Bankbooks This service is being discontinued in favour of monthly paper statements or digital eStatements.
Fee type Current Effective July 1, 2021
CIBC Overdraft Protection Service monthly fixed fee $4.00 $5.00

 Ways you can save

  • Think about switching to a CIBC Smart™ Plus account where the monthly fixed fee is waived if you qualify for CIBC Overdraft Protection Service.

Updates to the CIBC Overdraft Protection Service Addendum

The following changes are also being made to the CIBC Overdraft Protection Service Addendum effective July 1, 2021, which are applicable to clients who opened their CIBC Overdraft Protection Service prior to August 1, 2019 and reside outside of Quebec:

  • The Pay Per Use Fee option is not available to Quebec residents.
  • The Over Limit Fee is not applicable to Quebec residents.

You can download a copy of the current CIBC Overdraft Protection Service Addendum (PDF, 40 KB) Opens in a new window.. You can also obtain a copy at any CIBC Banking Centre or by calling Telephone Banking at 1-800-465-2422. Opens your phone app.

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Alerts

Our growing library of CIBC Alerts, including our innovative CIBC Smart Balance Alert, credit card transaction alerts and fraud alerts, allows you to save valuable time while ensuring you stay on top of your finances.

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Digital payments

Recognizing the growing demand for easy and secure digital payments, we have raised limits and added features such as mobile Autodeposit to our Interac e-Transfer® service. We have also increased limits for contactless payments made from your mobile wallet. We now also provide 4% cash back on gas and groceries and offer cash rewards across more categories than ever before on purchases made with our enhanced CIBC Dividend® Visa Infinite* Card.

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Financial advice

Our new goal planning platform CIBC GoalPlanner™, which is now available to Imperial Service clients, simplifies goal planning and brings together digital tools and advice to help clients set their ambitions in motion.

Learn more about the CIBC GoalPlanner.

Video: A Guide to CIBC eStatements (6:53)

CIBC eStatements are a great way for you to review your balance and banking activity from anywhere, at any time. They contain the same information as traditional paper statements while minimizing paper clutter. When you switch from paper to eStatements, you can review up to 7 years of banking activity for free by signing onto CIBC Online Banking® or using your CIBC Mobile Banking® app.

Transcript for video A Guide to CIBC eStatements. Opens in a new window.