Offers
Welcome Bonus
Customers who open a new CIBC Smart Account for Newcomers can earn up to $400:
- Earn $400: Open a CIBC Smart Account for Newcomers, set up ongoing monthly direct deposits totaling $500 or more, and complete 1 of the 3 requirements listed below in the same calendar month:
Account Features
The CIBC Smart Account for Newcomers offers up to a total of 12 banking transactions per month which includes debit purchases, withdrawals at CIBC ATMs, Interac e-Transfers, transfers, cheques, pre-authorized payments, and bill payments.
Fees
Each transaction made over the 12 allotted banking transactions per month will incur a cost of $1.25 per transaction, up to a total monthly account fee of $16.95.
ATM withdrawals at non-CIBC ATMs in Canada are charged at a rate of $2 each. Fees for withdrawals will vary in the United States and internationally, refer to your account agreement for more details.
Monthly Fees
The CIBC Smart Account for Newcomers has a monthly fee of $6.95, which is waived if you hold a minimum balance of $4,000 in your CIBC Smart Account for Newcomers account at all times.