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CIBC Smart™ Account

Enjoy worry-free banking — only pay for what you use.

Play the video to learn how it adapts to your banking needs (1:31)

Transcriptfor video How the Smart Account adapts to your banking needs (1:31)

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Bank a little or a lot? Enjoy a flexible monthly fee

Limited time offer

Enjoy Amazon Prime^® on us^†when you open a Smart Account.

New chequing account holders get unlimited transactions¹ at a capped monthly fee and a year of Amazon Prime.

Hurry, this offer ends February 28, 2019.

Learn about this offer

Percy Penguin holding an Amazon package with two other Amazon packages next to him

Pay a smart monthly fee that adjusts to you

Starting at
^$4.95

Capped at
^$14.95

Monthly fee by number of transactions^{1, 2}

Up to 12

$4.95

13 to 20

(additional $1.25 each)

Unlimited

$14.95

Pay no monthly fee

It's waived when your daily balance is $3,000 or more, and you make a recurring direct deposit or 2 pre-authorized payments each month.³

CIBC Smart Account at a glance

Monthly fee

Daily balance to avoid monthly fee⁴

^$4.95 to ^$14.95

^$3,000

plus a recurring direct deposit Learn about recurring direct deposit. Opens a popup. or 2 pre-authorized payments each month Learn about pre-authorized payments. Opens a popup.

Interac e-Transfer^®transactions

Transactions

Free⁵

12 to unlimited

depending on your needs

Fees and details

How do I qualify?

CIBC Smart Account:

You're a Canadian resident and you've reached the age of majority in your province or territory Learn about the age of majority. Opens a popup.

Are you a student, newcomer or foreign worker?

Learn about CIBC Smart Account offers for studentsOpens a new window in your browser., newcomersOpens a new window in your browser. and foreign workers

CIBC Smart^TM for Seniors:

You're a Canadian resident age 65 or older.
Learn about CIBC Smart^TM for Seniors

Apply now

Learn how to switch to CIBC

Get a bank account that does more for you

Free Interac e-Transfer transactions

Save the $1.50 fee when you send and request transfers online or on your phone. Interac e-Transfer transactions count towards your total transactions.

Learn how to send money with Interac e-Transfer

Person paying for food with a smartphone

Pay how you like

Checkout and go with our digital payment and mobile wallet options, including Visa Checkout*, Google Pay^TM, Apple Pay® and Samsung Pay®.

Find a way to pay that suits you

Keep track of your account

Set up SMS, email or Message Centre alerts and choose what account activity to follow. Get a notification when your monthly fee reaches $4.95, $9.95 and $14.95. Receive reminders about bills, payments and more.

Learn how to set alerts

Free paperless record keeping⁶

Save on record-keeping fees and avoid the paper clutter when you sign up for eStatements.

Learn how to switch to eStatements

Help and advice

Lost, stolen or damaged cards

1-800-663-4575
(Canada and U.S.)

514-861-9898
(Elsewhere)

Report fraud

1-800-465-2422
(Canada and U.S.)

902-420-2422
(Elsewhere)

Learn how to make your banking safer

Resources

Banking how-to guides

Find my documents

Hands using a smartphone to photograph a cheque

How to

Use CIBC eDeposit^®

Use your mobile device to deposit personal or business cheques.⁷

Learn more

Advice

Save on bank account fees

^{Find the right product and learn how to reduce your everyday banking fees.}

Learn more

How to

Order foreign cash online

Avoid the last-minute trip planning rush. Choose from up to 65 currencies.

Learn more

Questions?

Top banking questions Opens a new window in your browser.

Need to talk?

Get in touch. We're here to help

Chat with usOpens a new window in your browser.

Meet with usOpens a new window in your browser.

Contact usOpens a new window in your browser.

Call usOpens a new window in your browser.

CIBC is a member of Canada Deposit Insurance Corporation (CDIC)

^† Offer begins on October 1, 2018 at 12:01 am (ET) and ends on February 28, 2019 at 11:59 pm (ET). Offer only open to Canadian residents (i) who have reached the age of majority; (ii) who are not holders or joint holders of a CIBC chequing account and; (iii) who have not previously received a CIBC chequing account promotional offer from 2015 to present time.

To qualify, open a CIBC Smart™ Account online and provide a valid email address. Next, within 3 calendar months, you must 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 within the same calendar month.

Offer can be combined with other CIBC offers that consist of an Amazon Prime Code. Offer cannot be combined with any other offer, reward or rebate except the CIBC Homeowner^® Banking Bundle or the CIBC Smart™ Account fee waiver. CIBC will send the Amazon Prime Code to the email address you provide within 12-16 weeks of your completion of the required transactions. Other conditions apply. For full offer details, visit a CIBC Banking Centre or review the terms and conditions (PDF, 50 KB) .

Offer subject to change. Amazon Prime has a CAD$79/year value. Amazon is not a sponsor of this promotion. All Amazon ®, TM & © are IP of Amazon.com, Inc. or its affiliates.

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^®, 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). Additional fee(s) apply to withdrawals from non-CIBC bank machines, Interac e-Transfer^® transactions and transactions in foreign currency (including cheques written in currencies other than the account currency).

² Any free or unused transactions cannot be carried forward for use in subsequent months.

³ Eligible recurring transactions: Most recurring direct deposits and pre-authorized debits are eligible. Examples of common recurring direct deposits are payroll, CPP/QPP, disability payments, dividends, and government deposits such as Employment Insurance and provincial parental insurance plan (PPIP). Examples of common recurring pre-authorized debits are pre-authorized bill payments and loan or mortgage payments where you set up pre-authorized instructions with your mortgage, loan, credit card and/or other provider directly from your CIBC Smart Account. Recurring pre-authorized fund transfers that you initiate (i.e., if you use telephone banking, ATM and/or online banking to set up) to other CIBC deposit, credit card or line of credit accounts, or to accounts at other financial institutions, are not eligible for the fee waiver. For further details, consult with your advisor or telephone banking representative to determine whether any given pre-authorized debits or direct deposits are eligible for the fee waiver.

⁴ 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) .

⁵ 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.

⁶ “Paperless” record keeping is a paper-free alternative to printed statements. This option enables clients to track account activity online or by phone or CIBC bank machine. Please note, no printed statements will be sent to clients selecting this option. Clients 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, clients must notify CIBC in writing within 60 days after the date on which the entry was, or should have been, posted to the account.

⁷ Only the front of cheques will be imaged.

Trademarks

CIBC Smart™ Account

Bank a little or a lot? Enjoy a flexible monthly fee

Limited time offer

Pay a smart monthly fee that adjusts to you

Pay no monthly fee

CIBC Smart Account at a glance

Monthly fee

Daily balance to avoid monthly fee4

Interac e-Transfer® transactions

Transactions

How do I qualify?

CIBC Smart Account:

Are you a student, newcomer or foreign worker?

CIBC SmartTM for Seniors:

Get a bank account that does more for you

Free Interac e-Transfer transactions

Pay how you like

Keep track of your account

Free paperless record keeping6

Help and advice

Lost, stolen or damaged cards

Report fraud

Resources

How to

Use CIBC eDeposit®

Advice

Save on bank account fees

How to

Order foreign cash online

Need to talk?

Daily balance to avoid monthly fee⁴

Interac e-Transfer^®transactions

CIBC Smart^TM for Seniors:

Free paperless record keeping⁶

Use CIBC eDeposit^®