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Bank Accounts

Spend smart and save smart

At CIBC, we're experts in banking — and relationships too. Let us help you choose the right bank accounts so you can get more for your money.

Want to get more from your current bank account?

Bank your way

We offer the access you expect with top-ranked online and mobile banking, plus nearly 4,000 ATMs across Canada.

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Apply for an account in just a few minutes — online, by phone or in person.

Enjoy great value

Get the most from your accounts with our great tips and expert guidance. We can help steer your finances in the right direction.

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Chequing

Savings

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Check out our special offers: Youth Students Seniors Newcomers Foreign workers

Check out our special offers:

Our featured chequing account for your day-to-day spending, bill payments and other transactions

CHEQUING

CIBC Smart™ Account

Limited time offer

Enjoy a year of Amazon Prime^Ⓡ on us^† when you open an account.

Includes

Free Interac e-Transfer^® transactions¹
Monthly fee waiver available²

Monthly fee

$4.95 to $14.95

Transactions^{3, 4}

Up to 12: $4.95
13 to 20: Additional $1.25 each
Unlimited: $14.95

Apply now

Learn moreAbout the CIBC Smart Account.

A savings account with competitive interest to help you reach your goals faster

A bundle to meet all your banking needs

SAVINGS

CIBC eAdvantage^®Savings Account

Limited time offer

Earn RDS%rate[3].CESA.Published(null,5000.0_and over_0.0_CAD_Balance,1,1)(#O2#)% + %rate[3].CESA.Published(null,0.0_null_0.0_CAD_Bonus,1,1)(#O2#)% interest on new deposits.^‡

Includes

Free online transfers between your CIBC personal bank accounts

Monthly fee
$0

Interest rate
RDS%rate[3].CESA.Published(null,5000.0_and over_0.0_CAD_Balance,1,1)(#O2#)%
with a $5,000 minimum balance⁵
+
RDS%rate[3].CESA.Published(null,0.0_null_0.0_CAD_Bonus,1,1)(#O2#)%
bonus interest on new deposits^‡

Transactions³
$5.00 each

Apply now

Learn more

CHEQUING

CIBC PremierService^®Account

Includes

A select premium CIBC credit card with no annual fee⁶
Unlimited transactions, including Interac e-Transfer® service
No charge for cash withdrawals from non-CIBC ATMs in Canada

Monthly fee
$28.95

Transactions³
Unlimited

Apply for this account at a CIBC banking centre.

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Still looking for the right fit? Enter a few details and we'll find the right bank account for you.

Help me choosea CIBC bank account.

Our clients come first

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Switch to CIBC

Let us help you transfer your accounts, pre-authorized payments and deposits. It's easy to join CIBC.

Learn how to switch to CIBC

Save on bank account fees

Learn how to avoid fees and get the most from your account.

Learn how to save on fees

Great services and features

Get the most value from your bank account

Overdraft protection

CIBC Overdraft Protection Service covers you up to your approved credit limit⁶ when you don’t have enough money in your account to complete a transaction. Choose from 2 fee options.

Learn about overdraft protection

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eStatements

Switch to eStatements to reduce paper clutter and record-keeping fees. You can review and download these free statements anytime and access them online for up to 7 years.

Learn about eStatements

Automate your banking

Pre-authorized payments

Pre-authorized payments are automatically debited from your chequing account monthly, semi-monthly, biweekly or weekly. They’re easy to set up and you'll never miss a bill payment again.

Recurring fund transfers

Transfer money between your CIBC chequing and savings accounts using CIBC Online and Mobile Banking. You can use automated transfers to keep your savings goal on track.

Direct deposit

Direct deposit is a quick and easy way to get your payroll or other deposits straight into your chequing account.

Did you know?
You can download one simple form to help you set up pre-authorized payments and direct deposits.

Account Information For Payroll, Direct Deposit or Pre-Authorized Payment (PDF, 509 KB)

Help and advice

Lost, stolen or damaged cards

1-800-663-4575
(Canada and U.S.)

514-861-9898
(Elsewhere)

Report fraud

1-800-465-2422
(Canada and U.S.)

902-420-2422
(Elsewhere)

Learn how to make your banking safer

Resources

Additional service fees

Find my documents

Personal Account Service Fees (PDF, 535 KB)

CIBC Personal Deposit Account Terms and Conditions (PDF, 615 KB)

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How to

Order foreign cash online

Choose from up to 65 currencies. Have your cash delivered to your home for free or pick it up at any CIBC Banking Centre.

Learn more

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How to

Open a joint account

Add a co-applicant during your online application or at any CIBC Banking Centre.

Learn more

How to

Send money with Interac e-Transfer®

It's easy and secure to send cash and request money from others. Register for Autodeposit and skip answering security questions.

Learn more

Questions?

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^† Offer begins on October 1, 2018 at 12:01 am (ET) and ends on December 28, 2018 at 11:59 pm (ET). Offer only open to Canadian residents (i) who have reached the age of majority; (ii) who are not holders or joint holders of a CIBC chequing account and; (iii) who have not previously received a CIBC chequing account promotional offer from 2015 to present time.

To qualify, open a CIBC Smart™ Account online and provide a valid email address. Next, within 3 calendar months, you must set up and complete within the CIBC Smart Account at least one (1) eligible recurring direct deposit OR at least two (2) different eligible recurring pre-authorized debits within the same calendar month.

Offer can be combined with other CIBC offers that consist of an Amazon Prime Code. Offer cannot be combined with any other offer, reward or rebate except the CIBC Homeowner^® Banking Bundle or the CIBC Smart™ Account fee waiver. CIBC will send the Amazon Prime Code to the email address you provide within 12-16 weeks of your completion of the required transactions. Other conditions apply. For full offer details, visit a CIBC Banking Centre or review the terms and conditions (PDF, 50 KB) .

Offer subject to change. Amazon Prime has a CAD$79/year value. Amazon is not a sponsor of this promotion. All Amazon ^®, TM & © are IP of Amazon.com, Inc. or its affiliates.

Amazon Prime is a registered trademark of Amazon Technologies, Inc. Used under license.

^‡ The bonus and regular rates may change at any time without prior notice. The regular interest rate is earned on the full daily closing balance when the balance is $5,000 or more. For eSA accounts opened before the offer period, the bonus rate is earned on the portion of the account’s daily closing balance that exceeds the closing balance as at October 15, 2018 (the “New Balance”) up to a New Balance limit of $5,000,000. For eligible eSA accounts opened during the offer period, the bonus rate is earned on the full daily closing balance up to a balance limit of $5,000,000. Bonus interest rate offer expires March 31, 2019. Interest is calculated daily and paid monthly. Other conditions apply. For more information, review the terms and conditions (PDF, 30 KB) .

¹ The additional $1.50 service fee is waived for sending Interac e-Transfer transactions. Each Interac e-Transfer transaction you send counts as a transaction for calculating your monthly fee.

² Entire monthly fee is waived if you maintain a minimum end of day balance of $3,000 each day and a recurring direct deposit or 2 pre-authorized payments each month in this account. For details, review the CIBC Smart Account fee waiver terms and conditions, part of the Personal account service fees (PDF, 535 KB)

³ 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, Interac e-Transfer transactions (the Interac e-Transfer fee is waived for CIBC Smart Accounts, CIBC PremierService Accounts and for clients who are enrolled in CIBC Advantage for Youth, CIBC Smart 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 currency (including cheques written in currencies other than the account currency).

⁴ Any free or unused transactions cannot be carried forward for use in subsequent months.

⁵ Regular interest (“Regular Interest”) is calculated daily at the current rate on each day’s full closing balance and paid monthly. The regular interest rate is paid on the full daily closing balance when the balance is $5,000 or more.

Interest is credited to your account as of the last business day in the interest period. However, the interest cannot be withdrawn, and will not be printed at branch terminals or at CIBC's Bank Machines or made available through CIBC Telephone or Online Banking, until two business days after the end of the interest period.

Interest rates quoted are annual. Interest rates and balance tiers are subject to change without prior notice.

If you have any questions about our interest rates, call 1-800-465-2422, or come into your local CIBC branch today to open an account.

⁶ Subject to credit approval.

Trademarks

Bank Accounts

Spend smart and save smart

Bank your way

Sign up with ease

Enjoy great value

Find the best bank account for you Learn about different account types. Opens a popup.

Our featured chequing account for your day-to-day spending, bill payments and other transactions

CIBC Smart™ Account

A savings account with competitive interest to help you reach your goals faster

A bundle to meet all your banking needs

CIBC eAdvantage® Savings Account

CIBC PremierService® Account

Our clients come first

Switch to CIBC

Save on bank account fees

Great services and features

Overdraft protection

eStatements

Automate your banking

Pre-authorized payments

Recurring fund transfers

Direct deposit

Help and advice

Lost, stolen or damaged cards

Report fraud

Resources

How to

Order foreign cash online

How to

Open a joint account

How to

Send money with Interac e-Transfer®

Need to talk?

CIBC eAdvantage^®Savings Account

CIBC PremierService^®Account