¹ A transaction includes cheques, withdrawals, transfers, preauthorized payments, payments (including CIBC-branded loans), bill payments (including CIBC Credit Cards and CIBC Personal Lines of Credit) and debit purchases. Pre-authorized payments and transfers to CIBC-branded loans (excluding CIBC Personal Lines of Credit), mortgages and investments (registered and non-registered) are free. Payments to CIBC-branded mortgages are also 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). A transaction does not include debit purchases (excluding purchases made by pre-authorized payment), including transit fares and passes, made at Canadian public transit authority merchants classified by Interac’s “Merchant Category Code” (MCC) as “Local and Suburban Commuter Passenger Transportation, including ferries”. Debit purchases (excluding pre-authorized payment purchases) made at public transit authority merchants with this classification do not incur an account transaction fee. Debit purchases made at any other merchants offering public transit services are transactions and may incur an account transaction fee depending on the type of account.

² Each Interac e-Transfer® you send counts as a transaction for calculating your monthly fee and transaction fees. The $1.50 Interac e-Transfer fee for sending or requesting money is waived on CIBC Smart Accounts, the CIBC Everyday Chequing Account, and for clients who are enrolled in CIBC Smart Start, CIBC Advantage for Youth, CIBC Smart for Students, CIBC 60 Plus Advantage and CIBC Advantage for Students (on the CIBC Everyday Chequing Account). Clients 65 years of age and older do not pay the Interac e-Transfer fee on any CIBC chequing account. Interac e-Transfer service has maximum dollar limits that you can send. Learn more about Interac fees and details.

Interac e-Transfer Terms and Conditions (PDF, 135 KB). Updated November 30, 2024.

³ “Paperless” record keeping is a paper-free alternative to printed statements. This option enables clients to track account activity online or by phone or CIBC bank machine. Please note, no printed statements will be sent to clients selecting this option. Clients must review their account transactions through CIBC Online Banking, CIBC Mobile Banking, CIBC Telephone Banking or CIBC bank machines at least once every 30 days and examine all entries and balances at that time. If there are any errors, omissions or irregularities, clients must notify CIBC in writing within 60 days after the date on which the entry was, or should have been, posted to the account.

⁴ Available to clients who have:

• Non-registered accounts, except for the CIBC Bank USA Smart Account and CIBC Personal Lines of Credit (PLC) accounts;
• Eligible accounts that are in good standing; and
• A valid mobile number on file with those accounts

⁵ Monthly account fee is rebated until age 25. Regular CIBC Smart Account fees will apply thereafter.

⁶ Monthly account fee is rebated until graduation date plus an additional 6 months, up to a maximum of 4½ years in total. Regular CIBC Smart Account fees will apply thereafter.

⁷ The CIBC Smart Account for Newcomers is offered to those who have received landed immigrant or permanent resident status in the last 5 years, or those who are temporary resident workers who have a Canadian work permit issued for at least a 12-month term. Must show proof of entry into Canada and provide supporting documents such as landing papers, permanent resident card or Canadian work permit (IMM 1442). Monthly account fee is rebated for two years after which regular monthly account fees apply.

⁸ Clients aged sixty-five (65) and older will automatically be enrolled in CIBC Smart for Seniors. Monthly account fee is rebated for the CIBC Smart™ Account and the CIBC Everyday® Chequing Account with the CIBC Smart for Seniors benefit.

⁹Terms and conditions apply, see the Personal Account Service Fees (PDF, 365 KB) brochure for details.