† 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 and provide your email address. Within 3 calendar months, set up and complete at least 1 eligible recurring direct deposit OR at least 2 different eligible recurring pre-authorized debits to occur within the same calendar month (each, a “Qualifying Action”). The monthly account fee will be waived for the calendar month in which the account is opened and the first 3 full calendar months immediately following the end of the calendar month in which the account is opened.
If at least 1 Qualifying Action is completed each month for 9 full calendar months following the first 3 calendar months after the account was opened, the monthly account fee will be waived for each calendar month in which the Qualifying Action occurs; the monthly account fee will apply without further notice for each month where no Qualifying Action is completed and at the end of the offer period that began when the CIBC Smart Account was opened. Other service fees continue to apply as set out in the Personal Account Service Fees brochure.
Other conditions apply. For full offer details, visit a CIBC Banking Centre or review the terms and conditions (PDF, 95 KB) Opens a new window in your browser.
‡ Unlimited everyday banking for a capped monthly fee of $14.95.
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 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, CIBC Smart Plus Accounts and for clients who are enrolled in CIBC Advantage® for Youth, CIBC SmartTM 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).