CIBC Smart Chequing Account
Monthly fee
$17/mo (listed as $16.95 in terms)
$3,000 (also noted as $4,000 in promotion details)
- Transactions: Unlimited
- Interac e-Transfers: Free Interac e-Transfer transactions
- ATM access: One free withdrawal per month at a non-CIBC bank machine in Canada
- Minimum balance
- $3,000 to $4,000
Reviewed by the CreditCardGuru Editorial Team
At a glance
- Monthly fee
- $17/mo (listed as $16.95 in terms)
- Minimum balance
- $3,000 to $4,000
- Transactions
- Unlimited
Account details
- Monthly fee
- $17/mo (listed as $16.95 in terms)
- Fee waiver
- $3,000 (also noted as $4,000 in promotion details)
- Minimum balance
- $3,000 to $4,000
- Transactions included
- Unlimited
- Interac e-Transfers
- Free Interac e-Transfer transactions
- E-statements
- Included
- ATM access
- One free withdrawal per month at a non-CIBC bank machine in Canada
- Eligibility
- Seniors 65+ receive $6.95 discount
- Other fees
- NSF fee: $5; Non-network ATM: one free per month included
- Other benefits
- Visa Debit for online purchases
Welcome offer: Up to $500 welcome bonus.
Pros & cons
Pros
- Fee waived with $3,000 minimum balance
- Unlimited transactions
- Unlimited Interac e-Transfers
Cons
- Monthly fee of $16.95
Terms & conditions
Rates and offers change. Every rate, fee, welcome offer and benefit on this page was accurate when last reviewed, but CIBC can change or withdraw any of them at any time — sometimes without notice. Confirm the current terms on CIBC's own website before you apply.
Eligibility is theirs to decide. Approval, credit limits, interest rates and welcome offers depend on your credit history and CIBC's own criteria. Bonuses often exclude anyone who has held the account before, and usually require a minimum spend within a set period.
This is not advice. The reviews and ratings here are our editorial opinion, not financial, tax or legal advice, and not a recommendation for your circumstances. Speak to a qualified professional before making a financial decision.
How we make money. CreditCardGuru may earn a commission when you apply through links on this page. It never affects our ratings or what we write — see our advertiser disclosure and rating methodology.
CreditCardGuru is not affiliated with CIBC. Trademarks belong to their respective owners.
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Written by
CreditCardGuru Editorial Team
Rewards & Cards Research
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Cite this page
“CIBC Smart Chequing Account Review (2026)” — CreditCardGuru, https://creditcardguru.ca/banking/cibc-smart-chequing-account, updated August 19, 2026.