Banking for Students

Get more out of student life

From textbooks to tuition, education costs can add up. Let’s get you on the right track so you can spend — and save — wisely.

We’ve got all your banking needs covered

Bank accounts
CIBC Smart™ Account for Students

No monthly fee
Get unlimited transactions¹, including Interac e-Transfer^® service
Enjoy your student benefits for 4.5 years from the account open date
Special offer: Get $60^† when you open a CIBC Smart Account for Students

Apply now

Learn more

Credit cards
CIBC Dividend^® Visa^* Card for Students

No annual fee
Minimum credit limit of $1,000
Get $30 cash back after you make your first purchase within the first 4 months^◊
Plus, get 2% cash back on eligible grocery purchases and up to 1% on everyday purchases like books, movies, food and more⁴

Learn more about the CIBC Dividend Visa Card for Students.

More student cards

Lending
CIBC Education Line of Credit

Borrow up to $60,000 for your post-secondary education²
Only pay interest on the amounts you actually use while you’re in school

Apply now

Learn more

Prepaid cards
Smart™ Prepaid Visa* Card for Students

No upfront customization fee
Reload your card online or with the CIBC banking app

Learn moreAbout the Smart Prepaid Visa Card for Students

Investments
CIBC Investor’s Edge for Students

Manage your investments using our online platform
Use our educational tools to help build your portfolio
No annual fee, no minimum balance, low online equity trade rate

Learn moreAbout CIBC Investor’s Edge for Students

Get a free SPC membership^††

Your free SPC membership provides exclusive access to SPC+. Get better discounts, special experiences and more. Save instantly when you shop over 450 deals in-store and online. Pay no membership fee as a CIBC client with an eligible student product.

Learn moreabout this offer.

Want to get all our student products at once?

Meet with us

Are you an international student?

Get a no-fee bank account, cash back rewards and more with our student banking package.

Learn more

Students from China, India, Vietnam and the Philippines can apply for a study permit faster with our no-fee GIC.

Learn more

Are you studying medicine, dentistry or optometry?

Get a line of credit for school, a no-fee bank account and more perks with our banking bundle for medical, dental and optometry students.

Learn more

Do more with your phone

Transfer money, pay bills and use your smartphone to pay for your everyday purchases.

A paper airplane circles a smartphone with money on the screen.

Owe money to your study buddy? Pay them back, with no minimum transfer limit.

Find out how to get free unlimited Interac e-Transfer^® service

Four friends study on the grass in a park.

Pay your bills and your tuition from your phone.

Learn how to pay a bill on your mobile device

Forgot your wallet at your dorm? No problem. Use your smartphone to pay without carrying the plastic.

Explore other ways to pay

Set savings goals and stay on track with your digital dashboard

Whether you're saving for tuition, to buy a car or make an even bigger purchase later, we have tools to help you build and manage your finances.

Free credit score service³

You can get your credit score instantly using the CIBC Mobile Banking® App — and your information stays safe and secure.

Learn more Learn more about how to check your credit score for free.

Not a CIBC client yet? Get the app

We received the highest overall score in mobile and online banking functionality and usability among Canada's 5 largest retail banks.

Your security comes first.

It’s simple: if you’ve been a victim of fraud, and you’ve met all of your responsibilities, we promise to return 100% of the money you’ve lost from your CIBC accounts.

Learn more about privacy and security

Find your ATM near campus

We know you need cash on hand for sports club memberships, coffee and even nights out with friends. With CIBC’s network, your money is where you need it.

We’re easy to find, with nearly 4,000 ATMs and 1,100+ Banking Centres at your disposal.

Find an ATM near you

Looking for more information?

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All about stocks

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Loan and line of credit calculator

It’s never too early to think about a career at CIBC

Explore year-round and summer jobs for students and graduates.

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^†Offer begins on January 29, 2021 at 12:01 am ET. 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 with Smart for Students and provide your email address. Within two (2) months, you must: (i) register for and sign on to CIBC Online Banking or CIBC Mobile Banking; and (ii) complete at least two (2) eligible Visa Debit purchases from the CIBC Smart Account for students. Offer cannot be combined with any other offer, reward or rebate, unless otherwise indicated. The cash reward will be deposited into your account six (6) months after the account was opened. Other conditions apply. For full offer details, review the terms and conditions (PDF, 140 KB) Opens in a new window.

^†† To be eligible for a free SPC membership, you must hold an eligible CIBC product at the time you register for the membership, which you must do through CIBC online or mobile banking. Eligible CIBC products include a CIBC Youth or Student bank account, Student credit card or Student line of credit. A complete list of eligible CIBC products can be found at SPC and CIBC. Joint account holders of eligible CIBC products are not eligible for membership. You must also be a legal resident of Canada who is fourteen (14) years of age or over, but under the age of thirty (30) years if the eligible CIBC product you use to qualify for the membership is a student line of credit. The membership will automatically renew and remain in effect for as long as you hold an eligible CIBC product.

Trade-mark/registered trade-mark of Student Price Card Ltd.

^◊You can qualify for this offer if you apply and are approved for a new CIBC Dividend^® Visa* Card for Students beginning October 28, 2021.

If you apply and are approved for a new CIBC Dividend^® Visa* Card for Students, you will receive a one-time $30 cash back on your first purchase made within the first 4 monthly statement periods.

Offer applies to newly approved card accounts only; transfers from an existing CIBC credit card to a CIBC Dividend^® Visa^* Card for Students are excluded. This offer is not transferable. 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. For this offer, the following do not qualify as purchases: cash advances, CIBC Global Money Transfers^™, interest, fees, balance transfers, payments or CIBC Convenience Cheques.

¹ A transaction includes cheques, withdrawals, transfers, pre-authorized payments, bill payments and debit purchases. Additional fee(s) apply to withdrawals from non-CIBC bank machines and foreign currency transactions (including cheques written in currencies other than the account currency).

² Applicants must meet all CIBC lending criteria. Certain conditions and restrictions apply. Credit limit determined by CIBC, in its sole discretion. Qualified guarantor may be required. Products and their features may change at any time. This is a general description only. For more information and product terms and conditions, consult product brochures or call Opens your phone app.1-866-525-8622 Opens your phone app..

³ The CIBC free credit score service is a feature in the CIBC Mobile Banking App which allows CIBC clients to subscribe to get their credit score from Equifax Canada. The Equifax credit score is based on Equifax’s proprietary model and may not be the same score used by third parties or by CIBC in certain instances to access your creditworthiness. The provision of this score to you is intended for your own educational use. Third parties and CIBC will take into consideration other information in addition to a credit score when evaluating your creditworthiness.

You should always obtain the most updated credit information and scores from Equifax Canada to ensure accuracy before making a major financial decision.

⁴Earn 2% cash back on purchases (less returns) at merchants classified by the credit card network as grocery stores and supermarkets. Earn 1% cash back on purchases (less returns) at merchants classified by the credit card network as (i) gas service stations and automated fuel dispensers, (ii) local and suburban commuter transportation in Canada including subway, streetcar, taxi, limousine and ride sharing services (excludes merchants that may be classified as travel services or travel bookings such as air transport, car rentals and cruises), (iii) eating places and restaurants, drinking places and fast food restaurants, or (iv) recurring payments that are pre-authorized with a merchant to occur on a regular schedule (e.g. daily, monthly or annually) and classified by the merchants as recurring. All other purchases earn 0.5% cash back. The 2% and 1% cash offers are only available on the first $80,000 in net annual card purchases (meaning all card purchases by all cardholders, at any type of merchant) or $20,000 on grocery stores, supermarkets, gas, service stations and automated fuel dispensers, commuter transportation, eating and drinking places and restaurants or on recurring payments, after that, net card purchases at all merchants, including grocery stores, supermarkets, gas, service stations and automated fuel dispensers, commuter transportation, eating and drinking places and restaurants or on recurring payments will earn cash back at the regular rate of 0.5%. The $80,000 limit and the $20,000 limit will reset to 0 after the day your December statement is printed. Terms, conditions and eligible merchant categories may change without notice. Cash back is earned on card purchases less returns and not on cash advances, CIBC Global Money Transfers™, interest, fees, balance transfers, payments and regular CIBC Convenience Cheques. Credits for returns made on your account may result in a deduction of cash back at a higher earn rate, even though there turn may relate to a purchase that earned cash back at a lower rate. We may make special offers, including offers to earn cash back on CIBC Global Money Transfers, which may be for a limited period and contain additional terms and conditions.

The cash back is accumulated each month, beginning with the January statement and ending with the December statement. Only Primary Cardholders are permitted to make a cash back redemption. Authorized Users are not eligible to redeem cash back dollars. The Primary Cardholder may redeem cash back at any time during the year provided they have a minimum cash back balance of $25 at the time the redemption request is made. The minimum cash back redemption amount is $25. Cash back will be credited to the Primary Cardholder’s account within 5 days of the date the redemption request is made. Any cash back amount that is not redeemed by the Primary Cardholder by the last day of the period covered by your December statement will be automatically redeemed, resulting in your cash back balance being reset to 0, and applied as a credit on your next statement, or, in limited circumstances, at such other time as may be permitted by CIBC. CIBC is not required to credit your account with cash back earned during a monthly statement period if your credit card account is not open and in good standing at any time during a monthly statement period. Credit card account must also be open and in good standing at the time the cash back is redeemed.

Trademarks

Banking for students

We’ve got all your banking needs covered

Bank accounts CIBC Smart™ Account for Students

Credit cards CIBC Dividend® Visa* Card for Students

Lending CIBC Education Line of Credit

Prepaid cards Smart™ Prepaid Visa* Card for Students

Investments CIBC Investor’s Edge for Students

Get a free SPC membership††

Are you an international student?

Are you studying medicine, dentistry or optometry?

Do more with your phone

Owe money to your study buddy? Pay them back, with no minimum transfer limit.

Pay your bills and your tuition from your phone.

Forgot your wallet at your dorm? No problem. Use your smartphone to pay without carrying the plastic.

Set savings goals and stay on track with your digital dashboard

Free credit score service3

Not a CIBC client yet? Get the app

Your security comes first.

Find your ATM near campus

Looking for more information?

It’s never too early to think about a career at CIBC

Bank accounts
CIBC Smart™ Account for Students

Credit cards
CIBC Dividend^® Visa^* Card for Students

Lending
CIBC Education Line of Credit

Prepaid cards
Smart™ Prepaid Visa* Card for Students

Investments
CIBC Investor’s Edge for Students

Get a free SPC membership^††

Free credit score service³