Accessibility Quick Links

Skip to Online Banking
Skip to Content
Skip to Navigation

Chequing Accounts

CIBC Everyday® Chequing Account

A basic account with a low monthly fee.

Bank a little? Pay a little

Get a low monthly fee

Make up to 12 transactions for $4.00 per month.¹

Bank your way

Use CIBC online or mobile banking to transfer money, pay bills, make purchases and manage your money anywhere, anytime.

Beyond 9 to 5

We're here for you when you need expert advice. Many locations are open late and on weekends.

CIBC Everyday Chequing Account at a glance

Monthly fee

Daily balance to avoid monthly fee

$4.00

Not applicable

Interac e-Transfer® transactions

Transactions

$1.50 each²

Receiving is free

12 included

$1.25 for each additional transaction¹

Fees and details

How do I qualify?

CIBC Everyday Chequing Account:

You're a Canadian resident and you've reached the age of majority in your province or territory Learn about the age of majority. Opens a popup.

Are you a student, newcomer or foreign worker?

Learn about CIBC banking offers for students, youth, newcomers and foreign workers

To open an account, call us at 1-800-465-2422 Opens your phone app. or book a meeting Meet with us. Opens in a new window.

Meet with us

Learn how to switch to CIBC.

Simplify your banking

Free paperless record keeping³

Save on record-keeping fees and avoid the paper clutter when you sign up for eStatements.

Learn how to switch to eStatements

Pay with your phone

Check out and go with Android Pay™, Samsung Pay^® and Apple Pay^®. Just load your CIBC cards and you're ready to go.

Learn about paying with your phone

Get an alert before you’re overdrawn

CIBC Smart Balance Alert™, ⁴ gives you a heads-up when your account is short on funds. That gives you time to make a transfer and avoid a non-sufficient funds (NSF) fee and a declined payment.

Learn more about CIBC Smart Balance Alert

Help and advice

Lost, stolen or damaged cards

Opens your phone app. Opens your phone app.Opens your phone app.1-800-663-4575Opens your phone app.
(Canada and U.S.)

514-861-9898Opens your phone app.
(Elsewhere)

Report fraud

1-800-465-2422Opens your phone app.
(Canada and U.S.)

902-420-2422Opens your phone app.
(Elsewhere)

Learn how to make your banking safer

Resources

Register for online and mobile banking

Banking how-to guides

Find my documents

How to

Save on bank account fees

^{Find the right account and learn how to reduce your everyday banking fees.}

Learn more

How to

Send money with Interac e-Transfer^®

^{It's easy and secure to send cash and request money from others. Register for Autodeposit and skip answering security questions.}

Learn more

How to

Use CIBC eDeposit^®

Use your mobile device to deposit personal or business cheques.⁵

Learn more

Questions?

Top questions Opens in a new window.

Get in touch

CIBC is a member of Canada Deposit Insurance Corporation (CDIC)

¹ A transaction includes cheques, withdrawals, transfers, pre-authorized payments, bill payments (including CIBC Credit Cards and CIBC Personal Lines of Credit) and debit purchases. 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. 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 and is offered by CIBC or its Canadian affiliates (and does not include CIBC Bank USA). Other fees (in addition to any transaction fee) include: withdrawals from non-CIBC bank machines (rebated for CIBC Smart Plus Accounts except the 2.5% administration fee on the converted amount of foreign currency ATM withdrawals), wire payments, 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 Advantage for Youth, CIBC Smart for Students, CIBC Smart for Seniors (on the CIBC Smart Account) and CIBC Advantage for Students (on the CIBC Everyday Chequing Account)) and transactions in foreign currency (including cheques written in currencies other than the account currency).

² In addition to any transaction fee. Sending money through Interac e-Transfer counts as a transaction. Maximum dollar amount applies for Interac e-Transfer transactions. For details, review the CIBC Interac e-Transfer Terms and Conditions (PDF, 135 KB) Opens a new window..

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 Only the front of cheques will be imaged.