STUDENT BANKING OFFERS

Get set to study in Canada

Open a Canadian bank account before you arrive. Send yourself money with no service fees¹!

Apply now

Save time and money with one of Canada’s largest banks

Open and fund an account before you arrive to make your move here smooth.

No service fees

There are no service fees when you transfer funds in non-Canadian currency¹.

Apply in about 5 minutes

Apply and manage your application online.

Close to campus

Bank at close to 4,000 ATMs and 1,100+ banking centers across Canada.

Find a location near you Opens a new window.

Free everyday student banking

Once you arrive, use your account as much as you need. There’s no monthly fee for up to 4 years.

How it works

Transfer from 2,500 CAD to 50,000 CAD with the Student Deposit Program.

Apply online in about 5 minutes. We’ll review your application within 1 business day.

Once you’re approved, you can transfer money in the currency you choose. There are no service fees to transfer funds in non-Canadian currency¹.

Visit a banking centre when you arrive in Canada. You'll get a debit card and can access your money right away.

Find a location

Apply now

International Student GIC

Apply online in minutes for the CIBC International Student GIC program.

Learn more

Check out our other offers for students

CREDIT CARDS FOR STUDENTS

Start building credit from day one

Get a student card with a limit of up to $2,000^† and no minimum income requirement to start putting cash back in your pocket.

Learn more about credit cards for Students.

INTERNATIONAL STUDENTs

Earn $100 for each student you refer^†

Help friends and family get a GIC.

Learn more

STUDENTS

Refer a student in Canada and you’ll both earn $75

Refer up to 50 friends each calendar year. Offer ends June 30, 2025. Qualifying actions apply.^‡

Learn more

Explore more offers

Frequently asked questions

What's a debit card or bank card? How do I use one?

What's an Interac e-Transfer® or email money transfer? Is it secure?

How can I send money to another country from my CIBC bank account?

What's a budget and why should I have one?

How do I register and sign on to CIBC mobile and online banking?

How can I bank on my phone or mobile device?

Get in touch

Meet with us Opens a new window.

Email us

mailbox.isbo@cibc.com

Call us

Call us between 9:00 am and 5:00 pm ET, 7 days a week.

Find a phone number based on your current location.

Show phone numbers

Read the CIBC ISBO Terms and Conditions (PDF, 165 KB) Opens a new window., the CIBC ISBO GIC Terms and Conditions (PDF, 140 KB) Opens a new window. and the CIBC ISBO Referral Program Terms and Conditions (PDF, 130 KB) Opens a new window..

^† To be eligible for the maximum credit limit of $2,000, you must meet CIBC eligibility and credit criteria requirements. If you do not meet the eligibility and credit criteria requirements for the maximum credit limit of $2,000, you may be approved for a lower credit limit. The final limit assigned is at the discretion of CIBC.

^‡ CIBC Refer-a-Friend $75 Reward Offer (the “Offer”) is part of the CIBC Refer-a-Friend (Newcomer, Student, Youth) program (the “Program”). Offer begins on March 27, 2025 at 12:01 am (ET) and ends on June 30, 2025 at 11:59 pm (ET) (the “Offer Period”). To be eligible as a referrer (a “Referrer”), individuals must: (i) be residents of Canada, (ii) have reached the age of majority in their province and territory of residence, (iii) hold a CIBC Canadian dollar chequing or savings account that is open, active and in good standing, and (iv) have registered for CIBC mobile or online banking. To be eligible as a friend (a “Friend”), an individual must: (i) from November 1, 2018 to the time of account open, not be a holder (or joint holder) of a CIBC Smart Account as determined by CIBC on the basis of its official records, (ii) have a personal or family relationship with the Referrer, and (iii) meet the eligibility requirements to open a CIBC Smart Account with CIBC Smart for Newcomers, CIBC Smart for Foreign Worker, CIBC Smart for Student or CIBC Smart Start benefits (the “Account”). To qualify to receive a $75 referral reward (the “Reward”), a Referrer must refer a Friend and the Friend must open the Account during the Offer Period and complete all qualifying actions in accordance with the CIBC Refer-a-Friend Program Terms (PDF, 110 KB) Opens in a new window. Limit of one (1) Reward payable to a Referrer per qualifying Friend and one (1) Reward payable to a qualifying Friend, regardless of how many CIBC Smart accounts are opened by the Friend. Referrer may receive up to fifty (50) Rewards per calendar year. Referrals containing the “Refer and Earn” link must be created and distributed in a personal manner that is appropriate and customary for communications with friends and family members and must not appear to be sent by or on behalf of CIBC. Bulk email distribution, distribution to strangers, or individuals with whom the Referrer does not have a personal or family relationship may be grounds for immediate termination from the referral program, revocation of Rewards and further legal action by CIBC. CIBC reserves the right to end, cancel, change or suspend this Offer or the Program, or change these terms for any reason without notice. Other conditions apply. To learn more, refer to the Refer-a-Friend Program Terms and Conditions (PDF, 110 KB). Opens in a new window.

¹ Foreign exchange rates apply. If you are transferring funds in your selected currency, once you have entered an amount to be transferred, the Online Platform will display a quote in your selected currency and the proposed foreign exchange rate for the relevant currency pair. The quote will remain valid until the expiry date and time displayed on the Online Platform (the “Quote Period”). During the Quote Period, you will not be able to initiate another transfer or obtain another quote.

The foreign exchange rate is provided by CIBC. CIBC earns income from the difference (the spread) between the prices at which we buy and sell foreign currency. Our spreads may differ from time to time and can change (without prior notice). This spread is reflected in the quote provided to you on the Online Platform and may be considered to be an indirect cost to you.

If you are transferring funds in Canadian currency, you may be charged additional fees. These fees will be clearly displayed to you before you finalize your funds transfer on the Online Platform.

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STUDENT BANKING OFFERS

Get set to study in Canada

Save time and money with one of Canada’s largest banks

No service fees

Apply in about 5 minutes

Close to campus

Free everyday student banking

How it works

International Student GIC

Check out our other offers for students

Start building credit from day one

Earn $100 for each student you refer†

Refer a student in Canada and you’ll both earn $75

Frequently asked questions

Get in touch

Meet with us Opens a new window.

Email us

Call us

Earn $100 for each student you refer^†