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CIBC BANK USA SMART ACCOUNT™

Open a checking account in U.S. dollars at CIBC Bank USA that takes the guesswork out of everyday banking, like paying cell phone bills and withdrawing cash from ATMs in the U.S.

If you live, travel, shop or do business in the U.S., now you can easily transfer cash, pay bills, change currencies and spend money with ease.

Open a Smart Account

Bank in the U.S. with a flexible monthly fee

Pay no monthly account maintenance fee if you maintain a daily minimum balance in your account of $3,000 or more¹.

You’ll pay an account maintenance fee of $4.95 each month, which lets you to make up to 12 debit transactions². After that, it’s $1.25 per transaction until you make 20¹.

Once you make 20 debit transactions, your fee is capped. When you reach this amount, you can make as many debit transactions as you like.

Learn more about Smart Account fees

Get the convenience you want

Your CIBC Bank USA Smart Account is an everyday checking account in U.S. dollars that will be automatically linked to your Canadian CIBC Online Banking^® profile.

Set up automated direct deposits for your U.S. dollar payroll checks from U.S.-based organizations.

Transfer and spend money easily and conveniently

Set up recurring transfers between your CIBC US$ Personal Account (US$ savings account) in Canada and your CIBC Bank USA Smart Account in the U.S.³ through CIBC Online Banking.

Make real-time transfers between your Canadian CIBC accounts⁴ and CIBC Bank USA Smart Account through CIBC Online Banking. Save on transfer fees, but transaction fees apply.

Use your CIBC Bank USA debit card to shop at your favorite U.S. retailers without exchange fees.

Write USD checks to pay for purchases in the U.S.

Set up real-time alerts in CIBC NetBanking to help you manage your finances.

Pay bills in U.S. dollars to U.S. billers.

Bank when, where and how you like

CIBC NetBankingCIBC NetBanking. Opens a new window in your browser.

Do all your everyday U.S. banking online.

People Pay

Easily transfer money to people in the U.S.

Apple Pay™

Pay with your CIBC Bank USA debit card using your Apple device⁵.

Remote check deposit

Deposit checks with the CIBC US Mobile Banking App, without leaving home⁶.

Access our ATM network across the U.S.

Withdraw U.S. dollars at ATMs in participating networks in the U.S. without CIBC Bank USA ATM surcharge fees⁷

Get a refund for up to 4 ATM surcharge fees per month when you use any non-CIBC Bank USA ATM⁸

Pay no ATM transaction fees when you withdraw funds from CIBC ATMs in Canada⁹

Frequently asked questions

What are the requirements to apply for a CIBC Bank USA Smart Account?
To open a CIBC Bank USA Smart Account, you must confirm:
- You’re a CIBC client with a current personal bank account or a personal line of credit in good standing
- You have access to CIBC Online Banking
- You’re at least 18 years old
- You have a current passport or a U.S. driver’s license
You don’t need a U.S. address or Social Security Number to open an account.
Does the CIBC Bank USA Smart Account have a minimum deposit requirement?

There’s no minimum amount, but you must make a deposit within 12 months of account opening.
Is the CIBC Bank USA Smart Account available as a joint account?

Yes, 2 people can share a joint account and enjoy the same privileges.
Is the CIBC Bank USA Smart Account available for businesses?

The CIBC Bank USA Smart Account isn’t available for business clients.

To learn about other cross-border banking solutions, contact your CIBC Business and Commercial Banking Adviser in Canada.
If I open a CIBC Bank USA Smart Account, do I have to pay taxes in the U.S.?

Your taxable status in the U.S. doesn’t change simply by opening an account.
How do I access my CIBC Bank USA Smart Account?

Access your account through CIBC and CIBC Bank USA.

CIBC Online Banking and the CIBC Mobile Banking App:

Sign on using your Canadian card number and password. After you sign on, you can check your account balance and transfer funds between your CIBC accounts and your CIBC Bank USA Smart Account.

CIBC NetBanking and the CIBC US Mobile Banking App:

Sign on with the user ID and password you chose in your account application. After you sign on, you can view account details and make everyday banking transactions.

All frequently asked questions

Need more information?

Call us at 877-448-6500

¹ You’ll pay an account maintenance fee of $4.95 each month if the daily balance in the account falls below $3,000 on any day of the monthly statement cycle. Up to 12 debit transactions are included in the monthly account fee at no additional charge. After that, it’s $1.25 per transaction until you make 20, if you do not meet the minimum daily account balance each day of the statement cycle.

There’s an additional $2.25 monthly fee if you receive a paper statement, which is waived if you sign up for electronic statements. Clients who elect to receive the monthly paper statements will not be charged this fee for the first three months after opening an account.

² The Debit Transaction fee applies to all debit transactions including checks, withdrawals, transfers (debits), preauthorized payments, bill payments, People Pay payments, ATM withdrawals and debit card purchases.

³Each transfer or withdrawal is a debit transaction subject to a transaction fee. If you transfer funds between your CIBC Bank USA Smart Account and your CIBC US$ Personal Account, there will be no exchange rate conversion fees.

⁴Each transfer or withdrawal is a debit transaction subject to a debit transaction fee. If you transfer funds between your CIBC Canadian dollar account and your CIBC Bank USA Smart Account, CIBC exchange rate conversion fees will apply.

⁵ Apple Pay is available on select Apple devices.

⁶ Remote Check Deposit is available after 30 days of opening the CIBC Bank USA Smart Account.

⁷ATM transactions may be conducted through the MasterCard®, Cirrus®, STAR®, NYCE and Maestro® networks. CIBC Bank USA will not charge you a fee for using other banks’ ATMs, but the owner or operator of a non-CIBC Bank USA ATM may charge a fee to use the ATM.

⁸ Up to 4 non-CIBC Bank USA ATM fees are refunded, up to a maximum $20 per month.

⁹ No ATM transaction fees will be charged for using CIBC ATMs in Canada. Foreign currency conversion fees also apply.

The CIBC Bank USA Smart Account is offered by CIBC Bank USA, a U.S. bank. CIBC Bank USA is a wholly-owned subsidiary of CIBC. Deposits at CIBC Bank USA are insured up to the applicable limits by the Federal Deposit Insurance Corporation (FDIC).

The CIBC Bank USA Smart Account and all CIBC Bank USA products and services are offered in English only.

The CIBC Bank USA Smart Account is available to CIBC clients with an eligible CIBC (Canada) deposit account or Personal Line of Credit (PLC) who are Canadian or U.S. residents and are over 18 years of age.

The CIBC Bank USA Smart Account is a non-interest-bearing checking account. All CIBC Bank USA accounts are held in U.S. dollars only.

CIBC BANK USA SMART ACCOUNT™

Bank in the U.S. with a flexible monthly fee

Get the convenience you want

Transfer and spend money easily and conveniently

Bank when, where and how you like

CIBC NetBankingCIBC NetBanking. Opens a new window in your browser.

People Pay

Apple Pay™

Remote check deposit

Access our ATM network across the U.S.

Frequently asked questions

What are the requirements to apply for a CIBC Bank USA Smart Account?

Does the CIBC Bank USA Smart Account have a minimum deposit requirement?

Is the CIBC Bank USA Smart Account available as a joint account?

Is the CIBC Bank USA Smart Account available for businesses?

If I open a CIBC Bank USA Smart Account, do I have to pay taxes in the U.S.?

How do I access my CIBC Bank USA Smart Account?

Need more information?