† Reward offer begins on March 11, 2024, at 12:01 am ET. Offer available to Canadian residents who are age 25 and older for a CIBC Smart Account or have reached the age of majority for a CIBC Smart Plus Account, and from 2019 to the time of opening the account are not holders or joint holders of a CIBC chequing account, all as determined by CIBC in its sole discretion. To qualify for the $400 Costco Shop Card offer, open a CIBC Smart Account or CIBC Smart Plus Account and provide your email address. Within 2 months after the month of opening the account, complete at least 1 or more recurring direct deposits totaling at least $500 per month from your employer, government or your pension and 1 of the following 3 activities: (i) 2 different recurring pre-authorized debits within the same calendar month; (ii) 5 eligible Visa* Debit purchases within the same calendar month; or (iii) 2 online bill payments of at least $50 each within the same calendar month. The direct deposit and the pre-authorized debit must remain in effect for at least 1 year from after the month of opening the account. Eligibility of transactions will be determined by CIBC in its sole discretion. Offer cannot be combined with any other offer, reward, rebate or the CIBC Smart Start or CIBC Smart for Students benefit on the CIBC Smart Account unless otherwise indicated by CIBC. If all offer requirements are met, a physical or digital Costco Shop Card (as selected by CIBC) will be mailed or emailed to you within 7 months after the month that you opened the account. Costco Shop Cards are issued by Costco Wholesale Canada Ltd. and are subject to the restrictions set out in Costco Shop Card terms and conditions available at Costco.ca Opens in a new window. and may be subject to change from time to time. For non-Costco members, Costco Shop Cards can only be used for purchases at a Costco warehouse in Canada or United States and not for online purchases. CIBC reserves the right to end, cancel, change, or suspend this Offer or change these terms at any time without notice. Other conditions apply; review the full terms and conditions (PDF, 140 KB) Opens in a new window..
◊ Value of over $1,000 is based on the following, as of March 11, 2024 and assumes the following services are used:
i) $203.40 ($16.95 per month for unlimited transactions) for using a CIBC Smart™ Account;
ii) $289 in annual fees for the CIBC Aventura® Visa* Infinite* Card, which includes a $139 annual fee rebate for the primary cardholder and annual fee rebates for 3 additional authorized users ($50 for each authorized user);
iii) $60 in value based on the inclusion of CIBC Overdraft Protection Service monthly fees ($5 per month); note that interest charges for overdraft amounts and overdraft overlimit fees apply;
iv) $20 in value based on non-CIBC bank machine fees assuming 6 domestic, 1 U.S. and 1 international bank machine withdrawals in one year;
v) $77.79 for an order of 100 duplicate cheques in Ontario per year;
vi) $9.95 for 1 bank draft per year;
vii) $9.95 for 1 money order per year;
viii) $25 for 2 stop payments per year;
ix) $12 for CIBC Mutual Funds RRSP annual administration fee; and
x) the client is eligible and completes the qualifying actions required to receive the $400 Costco Shop Card Offer. For offer details, review the full terms and conditions (PDF, 140 KB) Opens in a new window..
‡ This offer is only available to clients opening their first CIBC eAdvantage® Savings Account (“eSA”). Eligible eSAs will earn a special annual interest rate (the “Special Interest Rate”) on balances up to $1,000,000 for 120 days from the date the eSA is opened (“Special Rate Period”). The Special Interest Rate is a combination of the regular interest rate that applies to your eSA balance tier plus an additional bonus interest rate. Any change to the regular interest rate will result in a corresponding change to the bonus interest rate so that the overall Special Interest Rate will remain the same during the Special Rate Period. Regular interest is calculated daily on each day’s full closing balance and paid monthly to your eSA. Bonus interest is calculated daily on each day’s full closing balance up to a balance limit of $1,000,000 during the Special Rate Period and is paid monthly to your eSA. Both the regular and bonus interest rates are based on the tier your daily closing balance falls within. For current interest rates, visit cibc.com/savingsinterest. Interest rates quoted are annual; regular and bonus rates may change at any time without prior notice. Other conditions apply. For full offer details, review the Terms and Conditions (PDF, 140 KB) Opens in a new window. or visit a CIBC Banking Centre Opens in a new window..
1The additional $1.50 service fee is waived for sendingInterace-Transfertransactions. EachInterace-Transfertransactionyou send counts as a transaction for calculating your monthly fee.Maximum dollar amount applies forInterace-Transfer transactions. For details, review theCIBCInterace-Transfer Terms and Conditions(PDF, 300 KB) Opens in a new window..
2CIBC will rebate one non-CIBC ATM withdrawal fee charge; charges from the other financial institution may apply.
3Entire monthly fee is rebated if you maintain a minimum end of day balance of $4,000 each day. For details, review the CIBC Smart Account fee rebate terms and conditions, part of thePersonal account service fees (PDF, 210 KB) Opens in a new window..
4 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 personal bank account(s) and to your CIBC Personal Line(s) of Credit (except Interac e-Transfer service which will be treated as a transaction) and transfers to your CIBC Credit Card account(s). 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. Other fees (in addition to any transaction fee) include: withdrawals from non-CIBC bank machines (for CIBC Smart Plus Accounts, the fee for all non-CIBC ATM withdrawals in Canada, the U.S. and internationally is rebated each month; for CIBC Smart Accounts and for clients enrolled in CIBC Smart Start or CIBC Smart for Students, the fee for 1 non-CIBC ATM withdrawal made in Canada is rebated each month), Interac e-Transfer® transactions (the Interac e-Transfer fee is waived for CIBC Smart Accounts, CIBC Smart Plus Accounts and for clients who are enrolled in CIBC Smart Start, CIBC Premium Growth Account with CIBC Advantage for Youth, CIBC Smart for Students, 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) and foreign currency transactions (including cheques written in currencies other than the account currency).
5Any free or unused transactions can't be carried forward for use in subsequent months.
6 Smart Interest is an interest reward earned on the total account balance in your CIBC eAdvantage Savings Account(s), up to a maximum aggregate balance limit of $200,000 (“Smart Balance Maximum”), each month in which you save at least $200 (excluding interest earned) across all your account(s) with the same account holders (“Smart Balance Growth”). Smart Interest is calculated daily at the current Smart Interest rate on each day’s full closing balance (up to the Smart Balance Maximum) and paid between the first 5 to 7 business days of the following month. Smart Interest rate quoted is an annual rate. Smart Interest, the Smart Balance Maximum and the Smart Balance Growth amount may change at any time without prior notice. Other conditions apply. See the full Terms and Conditions available at CIBC Smart Savings.
7 Subject to credit approval.
8 The rebate is also available for cardholders with the following CIBC cards no longer available for new clients: CIBC Aventura World Mastercard®, CIBC Aventura World Elite® Mastercard, CIBCAerogoldVisa and CIBC Gold Visa. The rebate is up to $139 on the annual fee for primarycardholderand up to $50 on the annual fee for up to 3 additional cards.
Terms and conditions apply. For details, review theCIBC Smart Plus Credit Card Annual Fee Rebate Terms and Conditions(PDF, 75 KB) Opens in a new window..
9 Fees charged by other financial institutions or third parties for using their ATMs, and the 2.5% administration fee on the converted amount for foreign currency ATM withdrawals aren't included in this feature and will be charged to your account. ATM withdrawal amounts may be limited to a maximum dollar withdrawal amount.
10 Flat monthly fee for unlimited everyday banking transactions, unlimited Interac e-Transfer transactions and ATM withdrawals. Entire monthly fee is rebated if you maintain a minimum balance at the end of each day of the month of $6,000 in your account or at least $100,000 in eligible Savings and Investments. Terms and conditions apply. For details, review the CIBC Smart Plus Account Fee Rebate Terms and Conditions (PDF, 90 KB) Opens in a new window..
11 Currently available on the CIBC Smart™ Account, CIBC Smart™ for Seniors, CIBC Smart™ for Newcomers and CIBC eAdvantage® Savings Account.
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