The compare tool provides a general overview of account services and fees. You should only use it as a general guide. It doesn't list all account-related fees or give full details on the fees mentioned. For full details, review the Personal Account Service Fees (PDF, 195 KB) Opens in a new window..
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† Offer begins on February 5, 2021, at 12:01 am ET and ends on July 29, 2021, at 11:59 pm ET. Offer available 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 or CIBC Smart™ Plus Account and provide your email address. Within 2 months of opening the account, complete 2 of the following 3 activities: (i) at least 1 recurring direct deposit; (ii) at least 2 different recurring pre-authorized debits; (iii) at least 2 online bill payments of at least $50 each. The direct deposit and the pre-authorized debit must remain in effect for at least 2 consecutive months. Offer cannot be combined with any other offer, reward or rebate unless otherwise indicated. The cash reward will be deposited into your account seven (7) months after you have opened the account. Other conditions apply; review the $300 Offer Terms and Conditions (PDF, 135 KB) Opens in a new window..
‡ Offer only open to Canadian residents who are not holders or joint holders of a CIBC chequing account.
◇ Value of over $700 is based on the following, as of July 1, 2021 and assumes the following services are used:
i) $203.40 ($16.95 per month for unlimited transactions) for using a CIBC Smart™ Account;
ii) $289 in annual fees for the CIBC Aventura®Visa* Infinite* Card, which includes a $139 annual fee rebate for the primary cardholder and annual fee rebates for 3 additional authorized users ($50 for each authorized user);
iii) $60 in value based on the inclusion of CIBC Overdraft Protection Service monthly fees ($5 per month); note that interest charges for overdraft amounts and overdraft overlimit fees apply;
iv) $20 in value based on non-CIBC bank machine fees assuming 6 domestic, 1 U.S. and 1 international bank machine withdrawals in one year;
v) $77.79 for an order of 100 duplicate cheques in Ontario per year;
vi) $9.95 for 1 bank draft per year;
vii) $9.95 for 1 money order per year;
viii) $25 for 2 stop payments per year;
ix) $12 for CIBC Mutual Funds RRSP annual administration fee.
†† Offer begins on January 29, 2021 at 12:01 am ET. Offer only open to Canadian residents who are not holders or joint holders of a CIBC chequing account. To qualify, open a CIBC Smart™ Account with Smart for Students and provide your email address. Within two (2) months, you must: (i) register for and sign on to CIBC Online Banking or CIBC Mobile Banking; and (ii) complete at least two (2) eligible Visa Debit purchases from the CIBC Smart Account for students. Offer cannot be combined with any other offer, reward or rebate, unless otherwise indicated. The cash reward will be deposited into your account six (6) months after the account was opened. Other conditions apply. For full offer details, review the Students Special Offer Terms and Conditions (PDF, 140 KB) Opens in a new window..
◊◊ The bonus interest offer only applies to clients opening their first CIBC eAdvantage Savings Account (“eSA”). Eligible eSAs will earn bonus interest (“Bonus Interest”) for 120 days from the date the eSA is opened, in addition to regular (“Regular Interest”).
Bonus Interest is calculated daily at the current rate on each day’s full closing balance (up to a balance limit of $1,000,000) and paid monthly. Regular Interest is calculated daily at the current rate on each day’s full closing balance and paid monthly. Regular and Bonus Interest rates quoted are annual. Regular Interest rates may change at any time without prior notice. For current Regular Interest rates, ask at any CIBC Banking Centre or go to www.cibc.com.
Other conditions apply. For full offer details, visit a CIBC Banking Centre or review the Bonus Interest Offer Terms and Conditions (PDF, 115 KB) Opens in a new window..
✧ Offer begins on September 22, 2020 at 12:01 am ET. Offer only open to Canadian residents age 18 or younger who are not holders or joint holders of a CIBC chequing account. To qualify, open your first CIBC Premium Growth Account with CIBC Advantage® for Youth and provide a valid email address. Offer cannot be combined with any other offer, reward or rebate, unless otherwise indicated. The cash reward will be deposited into your account two (2) months after you have opened the account. Limit one offer per child. Offer may be changed or withdrawn at any time without notice. Other conditions apply. For full offer details, refer to the Terms and conditions (PDF, 135 KB) Opens in a new window..
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). 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).
2 “Paperless” record keeping is a paper-free alternative to statements and bankbooks. This option enables customers to track account activity online or by phone or CIBC bank machine. Please note, no printed statements will be sent to customers selecting this option. Customers 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, customers must notify CIBC in writing within 60 days after the date on which the entry was, or should have been, posted to the account. Banking activity that occurred prior to Online Banking registration will not be available in the Online or Mobile Banking transaction history.
3 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, 200 KB) Opens in a new window..
4 Account transaction fees and charges from the other financial institution may apply.
5 Saving the monthly fee of $29.95 for the CIBC Smart Plus Account is based on maintaining a minimum daily account balance of $6,000 or eligible Savings and Investments of $100,000. Other terms and conditions apply. For details, review the CIBC Smart Plus Account Fee Rebate Terms and Conditions (PDF, 115 KB) Opens in a new window..
6 Other terms and conditions apply. For details, review the CIBC Smart Plus Account Fee Rebate Terms and Conditions(PDF, 110 KB) Opens in a new window..
7 The amount of your withdrawal, purchase, return or credit, including any surcharge imposed by a third party for using the bank machine, network or other service, is converted to Canadian dollars at the same foreign exchange conversion rate CIBC is required to pay. You are charged an administration fee of 2.5% on the converted amount in addition to any transaction fees applicable to a withdrawal and any fee noted. Conversion to Canadian dollars may occur on a date other than the date of your withdrawal, purchase, return or credit. Therefore, the conversion rate may be different from the rate in effect at the time of your withdrawal, purchase, return or credit.
8 The additional fees for withdrawals from non-CIBC bank machines are not waived. Fees apply for all other services as indicated in the Personal Account Service Fees (PDF, 195 KB) Opens in a new window.. ATM withdrawal amounts may be limited to a maximum dollar withdrawal amount.
9 Interest is calculated on each day's final balance and paid monthly. When each day's final balance falls in any of the first four tiers, your entire account balance earns the rate displayed for your balance's highest tier. The rate for the final tier only applies to the portion of the balance falling in that tier.
10 Interest is calculated on the full daily closing balance and is paid monthly. The interest rates quoted are annual rates. Interest rates may change at any time without prior notice.