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Get $100 when you open your child’s first chequing account with Smart Start. to get $100 with CIBC Smart Start. No monthly fee until they’re 25 on a CIBC Smart Account. You or your child must be a Canadian resident under age 25. Open an account for your child online or at any branch.
- Students
Here’s how: Open your first chequing account with CIBC Smart...
- Students
Here’s how: Open your first chequing account with CIBC Smart for Students. Then, within 2 months of opening the account: Make 5 Visa* Debit purchases online within the same calendar month. It’s that easy! Earn $50‡ for each friend you refer — up to 10! You can refer up to 10 friends and earn up to $500 every year.
Get a free SPC+ membership as a CIBC student or youth client†. Save on everyday purchases with 450+ discounts of up to 30% off. Register for free for the SPC+ membership. Opens in a new window. Learn more about student deals and discounts with SPC+ and CIBC.
- CIBC Smart Start Youth Account Full Review
- CIBC Smart Start Youth Account Details and Eligibility
- How to Open A CIBC Smart Start Youth Account
- How to Maximize The Benefits of A CIBC Smart Start Account
- Alternatives to The CIBC Smart Start Youth Account
- CIBC Youth Account Facts
The Smart Start chequing accountis CIBC’s youth account, designed for students and young people below the age 25. There are no monthly fees or balance minimums, and it comes with unlimited debit and Interac e-transfers. The account automatically converts to a CIBC Smart account when you turn 25. When this happens, all your account information, incl...
Who qualifies for a CIBC Smart Start Account?
To be eligible for the CIBC Smart Start account, you must: 1. Be a resident of Canada. 2. Be under the age of 25. 3. Have government-issued photo ID, like a health card, passport or driver’s license.
Who should get a CIBC youth account?
The CIBC Smart Start account is a youth account for Canadians under 25. It offers perks you won’t find with the standard CIBC Smart account for adults, including no monthly fees and free SPC+ membership. If you qualify for the CIBC youth account, consider applying. If you’re under 13, you’ll need a parent or guardian to apply with you.
How to know if the CIBC Smart Start account is right for you
If you’re a young Canadian eager to start learning the nuts and bolts of money management, saving and investing, the CIBC Smart Start account could be the right account for you, especially if your parents already bank at CIBC.
Method and general steps
The application process for CIBC’s youth account depends on the applicant’s age. Children up to 11 years old must have a parent or guardian complete the application on their behalf, either online or in person at a CIBC branch. Although, parents of 12-year-olds can only apply in person. Those between the ages of 13 to 24 can apply for an account without their parents. Here’s a breakdown of the online application process for youth over 13: 1. Enter your full name, email address, phone number an...
Deposit and withdrawal process
CIBC Smart Start account deposits can be made by cash, cheque or Interac e-transfer. Visit an ATM or bank branch to deposit cash or cheques. Cheques can also be deposited through the CIBC mobile app. Cash and cheque deposits may take up to seven business days to clear. Funds from Interac e-transfers are typically available within 30 minutes. Cash withdrawals can be made at an ATMor bank branch during business hours. You can make one free withdrawal at a non-CIBC ATM monthly. Otherwise, using...
Customer service options
There are a few ways to connect with the CIBC customer service team: 1. Phone.Call 1-800-465-2422 to speak with someone 24 hours a day, seven days a week. 2. Live chat.Connect with a CIBC rep on weekdays from 7 a.m. to 12 midnight and weekends from 9 a.m. to 6 p.m. ET. 3. In person.Visit a bank branch during business hours.
Sign up for CIBC Investor’s Edge.While limited to 18- to 24-year-olds, free stock and ETF trades are a big deal — CIBC typically charges $6.95 per trade.Stick with CIBC ATMs.You only get one free non-CIBC ATM withdrawal monthly, so avoid the $2 service fee for using ATMs outside its network by using CIBC ATMs.Download the CIBC mobile app.Bank on the go and take advantage of the CIBC mobile app available on Apple and Google Pay.Sign up for Journie Rewards.Saving up to $0.10 off per litre of pumped gas isn’t automatic — you must first link your CIBC debit card to the Journie Rewards program through the CIBC mobile app or o...If you don’t qualify for Smart Start, but you’d prefer to stick with CIBC, consider its Smart for Students Account. This account offers many of the same features and benefits as the Smart Start Account. It’s available to any Canadian student who anticipates graduating at 25 or older. Outside CIBC’s roster, the other Big Six Banks offer youth accoun...
What is a youth account?
Youth accounts, sometimes called kids bank accounts, are chequing and savings accounts designed for children, teens and young adults. They tend to offer many of the benefits of a regular bank account, like a debit card, mobile banking, earned interest and more — but without the monthly account fees. The cutoff age for these accounts can range from 12 to 24 years old.
Smart Start interest rates
The CIBC Smart Start youth account doesn’t earn interest.
Smart Start minimum balance
There is no minimum balance requirement to avoid a monthly account fee for the CIBC Smart Start account.
- Shannon Terrell
- CAN-legal@nerdwallet.com
Aug 2, 2024 · Here are some of the best accounts currently available. CIBC Smart Start. CIBC offers a smart account for youth and students. This account also allows you to engage in no-fee banking up until the age of 25. For parents of children under 13, you can set up recurring transfers into your child's account and gain access to the joint account with ...
The CIBC Smart Start Account isn't the only player in the game – take a look at how it stacks up against the competition: $50 GeniusCash + Up to $600 bonus cash + up to 4.75% interest on Savings Amplifier account. $125 GeniusCash + Get up to a $400 * welcome bonus + Earn Scene+ points on all debit purchases.
Nov 1, 2024 · CIBC Youth Account will automatically be transferred to CIBC premium growth account after the age of 18. Both accounts are Saving Accounts. When a student after the age of 18 opens an account, the account is called CIBC Smart for Students Chequing Account. Should an account open after the age of 18, not before 18.
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