Ratesopedia

Pros & Cons

Pros

  • +Fee waived with $3,000 minimum balance
  • +Unlimited transactions
  • +Unlimited Interac e-Transfers

Cons

  • Monthly fee of $16.95

Current Promotion

Discover the CIBC Smart Account, designed to fit your needs.

Enjoy flexible monthly fees from $0 to $16.95 and no monthly fees with a minimum daily balance of $4,000. Seniors (65 and over) receive an additional discount of $6.95.

Make your transactions free of charge with unlimited Interac e-Transfers and enjoy one free withdrawal per month at a non-CIBC bank machine in Canada. Use your account for online purchases with Visa Debit.

Account Features

  • E-StatementIncluded
  • Unlimited TransactionsIncluded
  • Unlimited Interac e-TransfersIncluded
  • NSF Fee$5

Special Offer

Up to $500 welcome bonus*.

Terms and conditions

  • Flexible monthly fee from $0 to $16.95
  • No monthly fee with a minimum daily balance of $4,000
  • Fee reduction of $6.95 for seniors (65 and over)
  • Monthly fee based on number of transactions
    • $0 for minimum balance reached
    • $6.95 up to 12 operations
    • $1.25 per transaction from 13 to 20 transactions
    • $16.95 for unlimited transactions
  • Free Interac e-Transfer® transactions
  • One free withdrawal per month at a non-CIBC bank machine in Canada
  • Visa Debit for online purchases and applications

Related Accounts

*Conditions apply.

Conditions apply. All information is believed accurate but not guaranteed. Account details, rates, and offers are subject to change at any time. Always verify the latest terms on the institution's website. Ratesopedia may receive compensation through affiliate links. This does not affect our editorial choices or rankings. © 2026 CIBC. All trademarks are property of their respective owners.