CIBC sells two personal chequing accounts: the CIBC Smart Account, whose monthly fee depends on your balance, and the flat-fee CIBC Everyday Chequing Account at $4.00/month (CIBC Everyday Chequing Account). This page sets out what each costs and what CIBC charges for services outside the plan. How CIBC’s fees sit against other banks’ is in the Canadian bank fees comparison.
Source: CIBC “Personal Account Service Fees,” effective March 12, 2026.
CIBC monthly account fees
| Account | Monthly Fee | Fee Waiver (Min Balance) | Transactions |
|---|---|---|---|
| CIBC Smart Account – Tier 1 (avg. monthly balance under $40,000) | $16.95 (for up to 3 Smart Accounts) | $4,000 minimum end-of-day balance in any one Smart Account | Unlimited |
| CIBC Smart Account – Tier 2 (avg. monthly balance $40,000+) | $0 (for up to 3 Smart Accounts, fee rebated) | Automatic at this balance tier | Unlimited |
| CIBC Smart Account – Tier 3 (avg. monthly balance $100,000+) | $0 (for up to 3 Smart Accounts, fee rebated) | Automatic at this balance tier; also includes an annual fee rebate of up to $139 on an eligible CIBC credit card | Unlimited |
| CIBC Everyday Chequing Account | $4.00 | None published (flat fee) | 18/month, $1.25 per additional transaction |
The Smart Account uses balance tiers rather than separately named plans. In the first tier the fee is charged unless one of your Smart Accounts keeps the minimum end-of-day balance shown above; at the higher average balances the fee is rebated automatically, and the top tier adds an annual fee rebate on an eligible CIBC credit card. One fee covers up to three Smart Accounts. Students, seniors, newcomers and RDSP beneficiaries can hold the Smart Account without the fee through CIBC’s eligibility waivers.
The Everyday Chequing Account has no balance waiver: the fee is flat, and debit transactions beyond the monthly allowance are charged one by one.
Transaction and service fees
| Service | Fee |
|---|---|
| Interac e-Transfer, sending | $1.50 (waived on CIBC Smart Accounts, Everyday Chequing Accounts and several other account types) |
| Interac e-Transfer, receiving | Free |
| Withdrawal at a non-CIBC ATM | $2.00 (Canada, Interac); $3.00 + 2.5% admin fee (US, Plus/Visa networks); $5.00 + 2.5% admin fee (elsewhere internationally) |
| Outgoing wire (personal clients send from a branch) | $30.00 ($10,000 or less), $50.00 ($10,000.01-$50,000), $80.00 (over $50,000) |
| Incoming wire | $15.00 per payment |
| Returned wire | $35.00 per payment |
| Bank draft | $9.95 (all currencies) |
| Stop payment | $12.50 (full details provided), $20.00 (full details not provided), $3.50 (on an Interac e-Transfer) |
| Safety deposit box | $80 (small) to $500+ (extra large) annually |
| Foreign currency purchase with the debit card | About 2.5% on top of the conversion rate |
| Paper statement | $2.25 a month |
How much you can send by e-Transfer is on the CIBC e-Transfer limits page, and the branch process, SWIFT details and CIBC Global Money Transfer are in the CIBC wire transfer guide.
NSF and overdraft fees
| Fee | Amount |
|---|---|
| NSF (returned item) | $10.00 (CAD personal deposit accounts), $5.00 (USD personal deposit accounts), $45.00 (personal line of credit accounts) |
| CIBC Overdraft Protection Service | $5.00/month flat fee, or $5.00 per business day (pay-per-use option) – CIBC Overdraft Protection Service (COPS), not available to Quebec residents |
| Overdraft interest | 21% per year, calculated daily on the overdrawn balance and charged monthly |
Federal rules cap the NSF fee on personal deposit accounts (the line of credit figure is outside the cap); how overdraft protection works at each bank is in the overdraft protection guide.
CIBC credit cards and investing
CIBC credit cards carry their own annual fees, separate from these account fees; each card’s fee is listed in the credit card comparison. The Smart Account’s top-tier rebate applies to one eligible card.
Trading commissions and account fees at CIBC’s brokerage are covered in the CIBC Investor’s Edge review.
Simplii Financial and the CIBC review
Simplii Financial is CIBC’s no-fee digital brand and uses the CIBC ATM network; its account and fees are covered in the Simplii Financial review. CIBC’s branches, apps and service are in the CIBC review, and its phone lines and complaint routes in CIBC customer service.
Sources
The figures and rules on this page come from these sources, last checked against them on September 14, 2026. How we check facts.
- CIBC: Data table
- CIBC: Savings Accounts | CIBC
- CIBC: Data table