Smart Account

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Get a bank account that does more for you

Pay no monthly fee when your balance is $3,000 or more, and you make a recurring direct deposit or 2 pre-authorized payments each month¹.

This is your basic monthly fee and allows you to make up to 12 transactions. After that, it's $1.25 per transaction until you've made 20.

Once you've made 20 transactions, your fee is capped. When you reach this amount, you can make as many transactions² as you like!

Smart Account features and fees

Transactions include:
Debit purchases CIBC withdrawals (including ATM) Interac e-Transfer^® transactions Transfers Pre-authorized payments Bill payments
Account fees
Up to 12 transactions³	$4.95 per month
$1.25 for each additional transaction over 12 up to $14.95
Unlimited transactions³	$14.95 per month
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)
Withdrawals made at non-CIBC bank machines in Canada (Interac network)⁴	$2.00 each
Interac e-Transfer^® transactions
Send unlimited Interac e-Transfer transactions from this account⁵
Record-keeping
Paperless⁶ record-keeping	Free
Monthly statement	$2.25 per month
Quarterly statement	$0.75 per month
Monthly statement with cheques imaged⁷	$2.75 per month
Interim statement	$4.50 each

Personal account service fees (PDF, 535 KB) | Additional service fees

Learn more about Smart Account features and fees

Your security comes first. It's simple: If you've been a victim of fraud, and you've met your responsibilities, we promise to return 100% of the money you've lost from your CIBC accounts. Learn more about privacy and security.

Why choose CIBC?

Bank across all devices

Bank on the go like never before: on your desktop, smartphone, tablet or Apple Watch^®.

CIBC Global Money Transfer^®

Send money to over 45 countries for $0 with Global Money Transfer⁸.

Set alerts

Keep track of your transactions with optional SMS, email or Message Centre alerts.

CIBC free credit score service

Get your credit score instantly. It's free for CIBC clients on the CIBC Mobile Banking^® App⁹.

Pay with your phone

Checkout and go with Android Pay™, Samsung Pay^®and Apple Pay^®. Just load your CIBC cards and pay.

Beyond 9-to-5

We're here for you when you want expert help. Many locations are open late and on weekends. (Yes, Sundays too!)

We're first in mobile and online banking year after year

For the fourth year in a row, we earned the top score in Forrester Research Inc.'s 2017 Canadian Forrester Research report. Learn moreLearn more about CIBC's top score in the Forrester Research report results..

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Call us: 1-800-465-2422

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* Offer begins on May 1, 2018 at 12:01 a.m. (ET) and ends on June 30, 2018 at 11:59 p.m (ET). Offer only open to Canadian residents who have reached the age of majority and who are not holders or joint holders of a CIBC chequing account. To qualify, open a CIBC Smart™ Account 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 cannot be combined with any other offer, reward or rebate except the CIBC Homeowner^® Banking Bundle or the CIBC Smart™ Account fee waiver. The cash reward will be deposited into your CIBC Smart Account 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, 110 KB) .

¹ 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.

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 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. 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).

³ Any free or unused transactions cannot be carried forward for use in subsequent months.

⁴In addition to transaction fee, if applicable to account. Some bank machines may levy additional surcharges.

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.

⁸ CIBC foreign exchange rates apply. A Global Money Transfer and a Foreign Exchange transaction counts towards your allowable transaction limit, bank account transaction fees may apply. Must have a CIBC chequing, savings or personal line of credit account to send a CIBC Global Money Transfer. Most transfers are completed by the next business day. However, there are times when a transfer requires 2 to 3 business days to be completed. Read the CIBC Global Money Transfer Agreement (PDF, 100 KB).

⁹ The CIBC free credit score service is a feature in the CIBC Mobile Banking^® App which allows CIBC clients to subscribe to get their credit score from Equifax Canada through Borrowell, our third-party service provider. The Equifax credit score is based on Equifax’s proprietary model and may not be the same score used by third parties or by CIBC in certain instances to assess your creditworthiness. The provision of this score to you is intended for your own educational use. Third parties and CIBC will take into consideration other information in addition to a credit score when evaluating your creditworthiness. You should always get the most up-to-date credit information and credit scores from Equifax Canada to ensure accuracy before making a major financial decision.

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CIBC Smart™ Account

Get a bank account that does more for you

Smart Account features and fees

Transactions include:

Account fees

Interac e-Transfer^® transactions

Record-keeping

Enjoy worry-free banking

Unlimited transactions

Unlimited Interac e-Transfer transactions