The CIBC Smart Account is a tiered banking account updating November 1, 2025, that offers flexible monthly fees and various rebates based on eligible balances across CIBC accounts and investments. The Smart Plus Account will be discontinued and converted into the new Smart Account with three tiers:
- Tier 1: $0 to $39,999 average monthly eligible balances
- Tier 2: $40,000 to $99,999 average monthly eligible balances
- Tier 3: $100,000 or more average monthly eligible balances
Benefits include monthly account fee rebates, rebates on credit card annual fees, and unlimited non-CIBC ATM withdrawal fee rebates depending on the tier. The tier each account belongs to is based on the combined total of eligible balances like chequing, savings, GICs, investments, and mutual funds with CIBC. There is also a specialized CIBC Smart Account for Newcomers with no monthly fee for 2 years, plus a $500 cash bonus when opening and qualifying. The monthly fees, rebates, and benefits vary by tier and status, and the account is designed to grow rewards as deposits and investments increase.
