† Cash reward offer begins on April 29, 2023, at 12:01 am ET. Offer available to Canadian residents who are age 25 and older for a CIBC Smart™ Account or have reached the age of majority for a CIBC Smart™ Plus Account, and from 2019 to the time of opening the account are not holders or joint holders of a CIBC chequing account, all as determined by CIBC in its sole discretion. To qualify for the $350 offer, open a CIBC Smart Account or CIBC Smart Plus Account and provide your email address. Within 2 months after the month of opening the account, complete at least 1 or more recurring direct deposits totalling at least $500 per month and 1 of the following 3 activities: (i) 2 different recurring pre-authorized debits within the same calendar month; (ii) 5 eligible Visa* Debit purchases within the same calendar month; or (iii) 2 online bill payments of at least $50 each within the same calendar month. The direct deposit and the pre-authorized debit must remain in effect for at least 1 year from after the month of opening the account. Eligibility of transactions will be determined by CIBC in its sole discretion. Offer cannot be combined with any other offer, reward, rebate or the CIBC Smart Start or Smart for Students benefit on the Smart Account unless otherwise indicated by CIBC. The cash reward will be deposited into your account within 7 months after the month that you opened the account. Other conditions apply; review the terms and conditions (PDF, 135 KB) Opens in a new window..
‡ Monthly fee is rebated for the first three months on your first CIBC Smart Plus Account. In order to continue not paying the monthly account fee, clients must maintain a minimum end of day balance of $6,000 each day in the account or $100,000 in eligible Savings and Investments. For details review the CIBC Smart Plus Account Fee Rebate Terms and Conditions (PDF, 90 KB) Opens in a new window..
†† Cash reward offer begins on April 29, 2023, at 12:01 am ET. Offer available to Canadian residents and international students enrolled in CIBC’s ISBO Deposit Program, who meet the eligibility requirements for the CIBC Smart™ Start or CIBC Smart™ for Students benefit, and from 2019 to the time of opening the account are not holders or joint holders of a CIBC chequing account, all as determined by CIBC in its sole discretion. To qualify for this offer, open a CIBC Smart™ Account with a CIBC Smart Start or CIBC Smart for Students benefit. Within 2 months after the month of opening the account, earn a cash reward when you complete the following actions: (i) get $25 when funds are deposited or transferred into your account and you provide your email address; (ii) get $50 for 1 recurring direct deposit; (iii) get $50 when you complete your choice of: (a) 2 different recurring pre-authorized debits within the same calendar month; or (b) 5 Visa Debit purchases within the same calendar month; or (c) 2 online bill payments of at least $50 each within the same calendar month. The direct deposit and the pre-authorized debit must remain in effect for at least 1 year from after the month of opening the account. Eligibility of transactions will be determined by CIBC in its sole discretion. Offer cannot be combined with any other offer, reward or rebate unless otherwise indicated by CIBC. The cash reward will be deposited into your account within 7 months (or 10 months for ISBO) after you have opened the account. Other conditions apply; review the terms and conditions (PDF, 160 KB) Opens in a new window..
1 The monthly account fee for the CIBC Smart Account starts at $6.95 for 12 transactions. If you complete more than 12 transactions, you will pay $1.25 for each additional transaction, up to a maximum of $16.95 for unlimited transactions in that respective month. Any free or unused transactions cannot be carried forward for use in subsequent months.
2 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 personal bank account(s) and to your CIBC Personal Line(s) of Credit (except Interac e-Transfer® service which will be treated as a transaction) and transfers to your CIBC Credit Card account(s). 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. Other fees (in addition to any transaction fee) include: withdrawals from non-CIBC bank machines (for CIBC Smart Plus Accounts, the fee for all non-CIBC ATM withdrawals in Canada, the U.S. and internationally is rebated each month; for CIBC Smart Accounts and for clients enrolled in CIBC Smart Start or CIBC Smart for Students, the fee for 1 non-CIBC ATM withdrawal made in Canada is rebated each month), 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 Smart Start, CIBC Premium Growth Account with CIBC Advantage for Youth, CIBC Smart for Students, and CIBC Advantage for Students on the CIBC Everyday Chequing Account; clients 65 years of age and older do not pay the Interac e-Transfer® fee on any CIBC chequing account) and foreign currency transactions (including cheques written in currencies other than the account currency).
3 Monthly fee rebates are available on CIBC Smart Account and CIBC Smart Plus Accounts. For CIBC Smart Account, the entire monthly fee is rebated if you maintain a minimum end of day balance of $4,000 each day in this account. For details, review the CIBC Smart Account fee rebate terms and conditions, part of the Personal Account Service Fees (PDF, 195 KB) Opens in a new window.. For the CIBC Smart Plus Account, the entire monthly fee is rebated if you maintain a minimum end of day balance of $6,000 each day in this account or $100,000 in personal Savings and Investments. For details review the CIBC Smart Plus Account Fee Rebate Terms and Conditions (PDF, 90 KB) Opens in a new window..
4 You will be able to add your debit card to your mobile wallet and start shopping on the first day after opening an eligible account. Currently available on the CIBC Smart™ Account, CIBC Smart™ for Seniors, CIBC Smart™ for Newcomers and CIBC eAdvantage® Savings Account.
5 Flat monthly fee for unlimited everyday banking transactions, unlimited Interac e-Transfer transactions and non-CIBC ATM withdrawals included. 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 in a new window..
6 Enjoy a rebate equal to 100% of the annual fee for the primary card holder and up to 3 authorized users on the following eligible credit cards: CIBC Aventura® Visa Infinite*, CIBC Aventura® Gold Visa*, CIBC Dividend® Visa Infinite*, CIBC Dividend Platinum® Visa* and CIBC Aeroplan® Visa Infinite*. Enjoy an annual fee rebate of up to $139 every year for the primary cardholder and $50 for up to 3 authorized users on the following eligible credit cards: CIBC Aventura® Visa Infinite Privilege* and CIBC Aeroplan® Visa Infinite Privilege*. 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 $139 on the annual fee for primary cardholders and up to $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 in a new window..
7 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 in a new window..
8 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.
9 If you apply for and are approved for CIBC Overdraft Protection Service (COPS), the COPS fee isn’t applicable, however you’ll pay interest on any overdraft amount on your account and overlimit fees if applicable. COPS is available on select CIBC personal bank accounts for customers who meet CIBC’s standard credit criteria.
12 Until age 25 and then regular Smart Account fees will apply.
13 Compared to the top 5 Canadian banks as of August 1, 2023.
14 Transactions include ATM or pre-authorized withdrawals, Zelle® payments, online payments or transfers, mobile remote deposit, point of sale purchases and teller assisted transactions. For up to four withdrawals from non-CIBC or non-CIBC Bank USA ATMs, you’ll receive a refund each month, up to $20 USD.
15 The CIBC Bank USA Smart Account is offered by CIBC Bank USA. CIBC Bank USA is a wholly-owned subsidiary of CIBC. Deposits in the CIBC Bank USA Smart Account are insured up to the applicable limits by the Federal Deposit Insurance Corporation (FDIC). The CIBC Bank USA Smart Account is a non-interest-bearing chequing account. All holding and transactions are in US dollars only. CIBC and its employees are not agents or employees of CIBC Bank USA. Please contact CIBC Bank USA for account servicing questions.
The CIBC Bank USA Smart Account is offered and supported in English only.
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