CIBC Review 2025: Canadian Imperial Bank of Commerce

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Updated March 2025. CIBC is Canada's fifth-largest bank by assets. While sometimes seen as the smallest of the Big 5, CIBC has strengths that stand out: the CIBC Dividend Visa Infinite (one of Canada's best grocery cash back cards), the Aventura flexible travel program, and the Simplii Financial no-fee digital banking platform.

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CIBC: Quick Facts

Category	Details
Full Name	Canadian Imperial Bank of Commerce
Founded	1961 (merger of CIB and CCOB)
Total Assets	~$1.0 trillion CAD
Canadian Branches	~1,000
ATMs (Canada)	~3,100
Digital Banking Arm	Simplii Financial
Mobile App (iOS)	4.5/5

CIBC Chequing Fees

Account	Monthly Fee	Transactions	Fee Waiver
CIBC Smart Account	$11.95 (up to 12 transactions)	12/month	$3,000 balance
CIBC Everyday Chequing	$16.95	Unlimited	$3,000 balance
CIBC Smart Plus Account	$29.95	Unlimited	$6,000 balance
CIBC Student Account	$0	Unlimited	Student status

Aventura Rewards

CIBC's Aventura program offers flexible travel points:

Redeem on any airline with no blackout dates
Transfer to British Airways Executive Club Avios
Redeem for gift cards, merchandise, or travel packages
CIBC Aventura Visa Infinite: 2x points on travel, 1.5x on groceries/gas, 1x everywhere

CIBC Credit Cards — Top Picks

CIBC Dividend Visa Infinite: 4% on groceries and gas, 2% on dining and transit, 1% on everything. $120/year. One of Canada's best everyday cash back cards.
CIBC Aventura Visa Infinite: Flexible travel rewards. $139/year.
CIBC Costco Mastercard: 3% at restaurants and Costco travel, 2% at Costco, 1% everywhere. $0/year. Excellent for Costco members.

The CIBC Dividend Visa Infinite is one of the best grocery cash back cards in Canada — 4% on groceries at no fee for the first year is hard to beat.

Simplii Financial

CIBC's no-fee digital banking brand offers:

$0 monthly fee chequing account
Competitive savings rates (promotional up to 5.9%)
TFSA and RRSP accounts
Simplii Cash Back Visa: 4% restaurants, 1.5% all purchases
Cash deposit at CIBC branches

Savings Rates

Account	Rate
CIBC eAdvantage Savings	~1.05%
CIBC TFSA Tax Advantage	~1.05%
1-Year GIC	~3.5–4.5%

CIBC Pros:

Best grocery cash back card (CIBC Dividend 4%)
Simplii Financial no-fee digital banking
Costco Mastercard — best no-fee Costco card
Aventura flexible travel rewards

CIBC Cons:

Smaller than other Big 5 by assets
Monthly fees $11.95–$29.95
Low savings rates

Information current as of March 2025. Verify all fees and rates directly with CIBC.