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 $2.25 monthly fee if you receive a paper statement, which is waived if you sign up for electronic statements. Clients who elect to receive the monthly paper statements will not be charged this fee for the first three months after opening an account.
2 The Debit Transaction fee applies to all debit transactions including checks, withdrawals, transfers (debits), preauthorized payments, bill payments, People Pay payments, ATM withdrawals and debit card purchases.
3 Each transfer or withdrawal is a debit transaction subject to a transaction fee. If you transfer funds between your CIBC Bank USA Smart Account and your CIBC US$ Personal Account, there will be no exchange rate conversion fees.
4 Each 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.