Save with one of Canada’s largest banks
Transfer $10,000 CA with no foreign currency transaction fees.
When you visit a CIBC Banking Centre, we’ll
deposit $2,000 CA into your account.
We’ll invest the remaining
$8,000 CA into GICs.
You’ll get the full amount back plus interest in
8 equal payments over 1 year.
Enter for your chance to win up to $5,000 towards your tuition †
Here’s how to enter:
Get $25 when you refer a friend
We’ll get back to you as soon as we review your message. If you have more questions or would like to follow up about your enquiry, you can also email us at
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Read the , the CIBC ISBO Terms and Conditions (PDF, 410 KB) Opens in a new window. and the CIBC ISBO GIC Terms and Conditions (PDF, 270 KB) Opens in a new window. . CIBC ISBO Referral Program Terms and Conditions (PDF, 595 KB) Opens in a new window.
PURCHASE NECESSARY. Open † NO October 5, 2020 to March 1, 2021 (“Contest Period”) to international students who: (i) are accepted for study at an education institution in Canada (excluding Quebec); (ii) apply for a CIBC banking product during the Contest Period; and (iii) activate their CIBC banking product at a CIBC Banking Centre in Canada by May 30, 2021. Entrants must be present in Canada at the time of prize fulfillment. One (1) prize: $5,000 CIBC account deposit. Odds of winning depend on number of eligible entries received. Math-skill testing question required. For full contest rules, review the CIBC ISBO Contest Rules (PDF, 135 KB) Opens in a new window. . Opens in a new window.
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. 1 Foreign
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.