Why choose a CIBC Smart Account?
Get rewarded as you grow
Unlock new features and benefits automatically as your balances increase, with three account tiers designed to reward your financial progress.
Step 1
Open your first CIBC Smart Account, provide your email address, and ensure your Costco membership is active.
Step 2
Within 60 days of opening your account, set up a recurring direct deposit of at least $500 per month from your employer, government, or pension. Learn about direct deposits. Opens in a dialog.
Step 3
Within 60 days of opening your account, complete at least one of the following in the same calendar month:
- 2 recurring pre-authorized debits Learn about pre-authorized debits. Opens in a dialog.
- 5 online Visa Debit purchases Learn about Visa Debit purchases. Opens in a dialog.
- 2 online bill payments of $50 or more each
CIBC Smart™ Start
- Have an active Costco membership when you open your first chequing account with CIBC Smart Start
- Make 5 Visa Debit purchases online within the same calendar month, within 2 months of opening your account Learn about Visa Debit purchases. Opens in a dialog.
- You must be over the age of majority but under 25 to qualify Learn about the age of majority in your province or territory. Opens in a dialog.
Get rewarded
Open your CIBC Smart Account with Smart Start today and unlock your Costco reward.
CIBC Smart™ Start
- Have an active Costco membership when you open your first chequing account with CIBC Smart for Students benefits
- Make 5 Visa Debit purchases online within the same calendar month, within 2 months of opening your account
Get rewarded
Open your CIBC Smart Account with Smart for Students and unlock Costco rewards. Visit a banking centre today.
Enjoy the rewards of banking with CIBC
Save over $600 with Skip+
Link your CIBC debit card for a 12-month Skip+ free trial, $0 delivery fees and exclusive offers.
Easy mobile banking
Pay bills and transfer funds with the CIBC Mobile Banking® App, including Interac e-Transfer®.
Get personalized financial coaching
CIBC Smart Planner™ in the mobile banking app gives you personalized insights and tips to manage spending and grow your savings.
Exclusive CIBC Offers for Costco Members
Frequently asked questions