Chequing Account CAD CDIC Insured
CIBC

CIBC Smart® Account for Foreign Workers

Live and bank in Canada with confidence. Pay no monthly fee for 2 years and send money internationally with CIBC Global Money Transfer.

Interest rate Not listed
Monthly fee No monthly fee
Transactions Unlimited
Minimum deposit $0
CURRENT OFFERS

Promotions and account value

Offer summary

Bundle to earn up to $600.

Welcome offer $500 value

Get $500 cash when you open a CIBC Smart Account and set up a recurring direct deposit plus 2 pre-authorized debits. Bundle to earn up to $600 with an eligible credit card.

Additional promotion

Send money to over 130 countries with $0 transfer fees via CIBC Global Money Transfer.

EARNINGS

Rates and interest details

A specific interest rate is not currently listed for this product.

COSTS

Fees and account limits

Monthly feeNo monthly fee
Fee-waiver balanceNot listed
Minimum deposit$0
Maximum depositNot listed
Included transactionsUnlimited
Bundled productNot specified
ACCOUNT EXPERIENCE

Features and benefits

Free Interac e-Transfers

Unlimited Free Interac e-Transfers.

Unlimited Transactions

Unlimited transactions.

Online and Mobile Banking

Includes CIBC Online and Mobile Banking.

CDIC Insured

Eligible for CDIC Insurance.

International Money Transfers

Send money internationally with CIBC Global Money Transfer.

WHO CAN APPLY

Eligibility and access

Minimum ageNot specified
AvailabilityAvailable nationally
Mobile appYes
Online bankingYes
Branch accessNot specified

CDIC Insured: Eligible for CDIC Insurance.

Newcomers
COVERAGE

Registration, networks and availability

Registration options

  • NONREGNon-Registered
IMPORTANT INFORMATION

Terms and disclosures

Rates, fees, eligibility requirements and promotional terms can change. Confirm all current details directly with CIBC before opening the account.

Product information last reviewed or updated Mar 12, 2026.