Note: Offers related to and products and/or services in the CIBC Group Banking Plan can be changed or withdrawn at any time without prior notice.
† Value of $500 is based on the following, as of November 8, 2020:
i) $179.40 annually, which is $14.95 per month, for unlimited transactions 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 of $50 for each authorized user;
iii) $48 in value based on the inclusion of CIBC Overdraft Protection Service monthly fees of $4 per month. Note that interest charges for overdraft amounts and overdraft overlimit fees apply; and
iv) $20 in value based on non-CIBC bank machine fees assuming 6 domestic, 1 U.S. and 1 international bank machine withdrawals in 1 year.
1 The CIBC Smart Account or the CIBC Smart Plus Account monthly fee is rebated for the 24-month offer period. After the offer period, the regular monthly fee applies. The fee rebate is conditional upon your recurring payroll deposit from your employer being deposited into your CIBC Smart Account or CIBC Smart Plus Account. Your recurring payroll must:
i) be deposited into your CIBC Smart Account or CIBC Smart Plus Account within 30 days after you enrol in the CIBC Group Banking Offer; and
ii) continue to be deposited at least monthly into your CIBC Smart Account or CIBC Smart Plus Account for the offer period.
CIBC may re-instate the regular monthly fees on your CIBC Smart Account or CIBC Smart Plus Account if it determines that your payroll isn’t being deposited into your CIBC Smart Account or CIBC Smart Plus Account. The fee rebate applies to the regular CIBC Smart Account or CIBC Smart Plus Account monthly fee. For details on the CIBC Smart Account and the CIBC Smart Plus Account regular fees, review the CIBC personal account service fees brochure or visit CIBC.com.
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 doesn’t 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 doesn’t include CIBC Bank USA). Other fees (in addition to any transaction fee) include:
- Withdrawals from non-CIBC bank machines (rebated for CIBC SmartTM 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 and for CIBC Smart Plus Accounts); and
- Transactions in foreign currency (including cheques written in currencies other than the account currency).
For a description of transactions that are included in the CIBC Smart™ Account monthly fee and everyday banking fees for other Personal Bank Accounts and Services, review the personal account service fees brochure (PDF, 680 KB) Opens a new window in your browser..
3 If you get a CIBC Smart Plus Account, you’ll get an annual fee rebate of up to $139 on an eligible premium CIBC credit card for the primary cardholder and an annual fee rebate of up to $50 for up to 3 additional authorized users. Existing eligible CIBC credit card holders who have already paid the annual fee at the time the CIBC Smart Plus Account was opened will be provided a pro-rated rebate credit. The rebate is also available for credit card holders with the following CIBC credit cards no longer available for new clients:
- CIBC Aventura World Mastercard™;
- CIBC Aventura World Elite Mastercard™;
- CIBC Aventura Mastercard™;
- CIBC Aerogold® Visa* Card; and
- CIBC Gold Visa* Card.
Other terms and conditions apply. For details, review the CIBC Smart Plus Credit Card annual fee rebate terms and condition (PDF, 85 KB) .Opens in a new window.
4 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 aren’t included in this feature and will be charged to your account. ATM withdrawal amounts may be limited to a maximum dollar withdrawal amount.
5 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 clients who meet CIBC’s standard credit criteria.
6 The entire monthly fee is rebated if you maintain a minimum balance at the end of each day during the month of $6,000 in your account or $100,000 in Savings and Investments. Savings and Investments are the following registered and non-registered products held in your name or jointly with other people:
- CIBC chequing account;
- CIBC savings account;
- Guaranteed Investment Certificate (GIC) issued by CIBC, CIBC Trust Corporation and CIBC Mortgages Inc.;
- CIBC Mutual Funds; and
- personal CIBC deposit and investment products held with CIBC Managed Portfolio Services (CIBC Securities Inc.), CIBC Personal Portfolio Services, CIBC Investor’s Edge® and CIBC Imperial Investor Services.
Other terms and conditions apply. For details, review the CIBC Smart Plus Account fee rebate terms and conditions Opens in a new window.(PDF, 115 KB)Opens in a new window. .
7 Interest is calculated on each day's final balance and paid monthly.
8 This offer applies to the following eligible cards:
- CIBC Aventura Visa Infinite Card;
- CIBC Aventura Gold Visa Card;
- CIBC U.S. Dollar Aventura Gold Visa Card;
- CIBC Aeroplan Visa Infinite Card;
- CIBC Dividend Visa Infinite Card;
- CIBC Dividend Platinum Visa Card; and
- CIBC Select Visa Card; and
- CIBC Aventura Visa Card for Business.
If you apply and are approved for a new eligible card, CIBC will rebate the applicable annual fee for you, the primary cardholder, and up to 3 authorized users added at the time of the application for the first 2 years. This offer doesn’t apply to annual fees for authorized users that are added after you submit your application.
If your application for an eligible card isn’t approved, you may be considered for another card, as disclosed in your credit card application. If you’re approved for that card, this annual fee rebate offer will apply in the amount of the annual fee, if any, of the alternate card. If you qualify, the rebate will be awarded to the primary cardholder and will appear as a credit against the applicable annual fee(s) on the anniversary month statement period in which the annual fee is charged for each of the first 2 years, for a total of 2 annual fee rebates for each cardholder.
At the time the rebate is awarded, your new credit card account must be open, in good standing and must be the same credit card product that you were initially approved for. This offer isn’t transferable and can’t be combined with any other offer. This offer applies to newly approved cards accounts only; transfers from an existing CIBC credit card to a CIBC Aventura Visa Infinite Card, CIBC Aventura Gold Visa Card, CIBC U.S. Dollar Aventura Gold Visa Card, CIBC Aeroplan Visa Infinite Card, CIBC Dividend Visa Infinite Card, CIBC Dividend Platinum Visa Card and CIBC Select Visa Card are excluded. This offer may be withdrawn or changed without prior notice at any time. This offer may be revoked if you appear to be manipulating or abusing it, or are engaged in any suspicious or fraudulent activity, as determined by CIBC in its sole discretion.
9 Minimum equity in your home is required to qualify for a CIBC Home Power Plan Line of Credit. For more details, visit any CIBC Banking Centre or call 1-800-465-2422Opens your phone app.. Not available in Nunavut.
10 Usual lending criteria apply.
11 All CIBC Investor’s Edge clients pay $6.95 CDN or US per online equity trade with no minimum account balance or trading activity required.
12 Only equity trading is available on smart phones through the CIBC Mobile Brokerage App.
13 When you transfer out assets from another financial institution, you may be charged a transfer-out fee. CIBC will reimburse the fee of up to $150 for assets transferred to CIBC Investor's Edge with a value of $25,000 or more per account. Additional conditions may apply to all offers; ask for details.