Customers who open a new CIBC Smart Chequing account can earn up to $400:
- Earn $350: Open a CIBC Smart Chequing account, set up an ongoing direct deposit (such as payroll), and complete 1 of the 3 requirements listed below:
- Earn $50: within 2 months
The CIBC Smart Chequing account offers unlimited debit and unlimited Interac e-Transfer transactions, however, the number of transactions you make in a month will impact the annual fee you pay.
The CIBC Smart Chequing account has a monthly fee that ranges from $6.95 to $16.95, depending on the number of transactions in a month:
- $6.95 per month: Up to 12 transactions
- Additional transactions above 12 cost $1.25 per, up to 20 total transactions
- $16.95 per month: Unlimited transactions
The monthly fee is waived if you hold a minimum balance of $4,000 in your CIBC bank account at all times.