Originally based in Canada, CIBC Bank USA also serves North American institutions and offers a variety of account options to choose from. To find out if CIBC Bank USA is right for you, continue reading the review below.
CIBC Bank USA strives to build strong relationships with their customers and provide the best service that they have to offer. Their Agility Savings account is a customer’s favorite that earns relatively high interest.
Another generous account they offer is EasyPath Access for those who find keeping up with their account statements a hassle.
Checking Account Options
CIBC offers several checking accounts that comes with some pretty decent benefits. All their checking accounts can be accessed online or at a physical branch.
This is CIBC’s basic checking account. You will need a minimum deposit of $50 to open, but afterwards there are no monthly fees to maintain.
A basic checking account with no minimum balance requirement for your everyday banking activity.
This account doesn’t earn interest however.
Some perks that come with this account are:
- 1% monthly cash back earned on debit card purchases
- Access to free online and mobile banking
- Up to $50 per month in ATM refunds
- You’ll receive your first order of checks for free
This is an interest-bearing checking account that requires no monthly fees nor minimum balance requirements.
You need a minimum deposit of $50 in order to open it.
Some perks that come with this account are:
- Free online and mobile banking
- Up to $25 per month in ATM refunds
This is a premium checking account that allows you to earn interest if you have a higher balance.
You need a minimum deposit of $50 to open it.
If you maintain a minimum balance of $10,000, you will start earning interest.
Some perks that come with this account are:
- Earns tiered interest rate based on balance
- Up to $50 per month in ATM refunds
This checking account is specifically designed to help customers avoid overdraft fees.
If you are someone who rarely checks their bank account, then this option may suit you.
With this account, CIBC Bank USA stops transactions being made to avoid the account from being overdrawn.
This account is non-interest bearing to compensate for the overdraft protection service that is built in.
Some perks that come with this account are:
- No overdrafts or overdraft fees
- No minimum opening deposit to open
- Insufficient funds to complete a transaction will result in the transaction being canceled
- No minimum balance requirements
- Access your money by using your debit/ATM card, online or mobile banking or by visiting a branch location
EasyPath Access also comes with other options. You can learn more about them here.
Compare Checking Accounts
 • New Chase checking customers enjoy a $300 bonus when you open a Chase Total Checking® account with qualifying activities • Chase Mobile® app - Manage accounts, pay bills, send money to friends with Zelle® and deposit checks from almost anywhere. • Chase Overdraft AssistSM – no overdraft fees if you’re overdrawn by $50 or less at the end of the business day or if you’re overdrawn by more than $50 and bring your account balance to overdrawn by $50 or less at the end of the next business day* • Help keep your money protected with features like Zero Liability Protection, fraud monitoring and card lock. • Chase Total Checking includes FDIC insurance up to the maximum amount allowed by law. • With over 4,700 branches, Chase has the largest branch network in the U.S. plus access to more than 15,000 ATMs. • Open your account online now • Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com. *With Chase Overdraft AssistSM, we won’t charge an Overdraft Fee if you’re overdrawn by $50 or less at the end of the business day OR if you’re overdrawn by more than $50 and you bring your account balance to overdrawn by $50 or less at the end of the next business day (you have until 11 PM ET (8 PM PT) to make a deposit or transfer). Chase Overdraft Assist does not require enrollment and comes with eligible Chase checking accounts. |
Savings Account Options
CIBC Bank USA has a decent variety of savings accounts and they can earn pretty competitive interest rates depending on your account balance.
This is CIBC Bank USA’s standard savings account. You will need a minimum deposit of $50 to open, but afterwards there are no monthly fees to maintain.
This account does earn interest if your account balance is anywhere from $10,000, $25,000 or $50,000.
Some perks that come with this account are:
- Unlimited number of withdrawals made in person or at an ATM
- Up to six pre-authorized, automatic, or telephone transfers or debit card transactions permitted per month
- Minimum balance requirement and monthly maintenance fees are waived for account owners under the age of 18
- Convenient account access
- No checking account required
This account is best recommended for those who have a higher balance and want to earn competitive interest rates. However, this account is only available online.
You will need a $1,000 minimum deposit in order to open it, but there are no monthly fees afterwards.
You can learn more about Agility Savings here.
Compare Savings Accounts
 Open a Discover® Online Savings Account for all these features: • Earn $200/$150 Bonus with promo code LOP325 by 9/11/2025 • Earn high interest rate of 3.60% APY • No minimum opening deposit, no minimum balance requirement, and now no fees • Interest on Discover Online Savings Accounts is compounded daily and credited monthly • Manage your account online or with the Discover mobile app • FDIC insurance up to $250,000 • See advertiser website for full details To qualify for Bonus: Apply for your first Discover Online Savings Account, enter Offer Code LOP325 at application, deposit into your Account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Qualifying deposit(s) may consist of multiple deposits and must post to Account within 45 days of account open date. Maximum bonus eligibility is $200. What to know: Offer not valid for existing or prior Discover savings customers. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 60 days of qualifying for the bonus. Bonus is subject to tax reporting. Offer ends 09/11/2025, 11:59 PM ET. Offer may be modified or withdrawn without notice. Due to new customer funding limits, you may wish to initiate fund transfers at your other institution. For information on funding, see FAQs on Discover.com/Bank. |
Money Market Account Options
Money Market accounts allow for a higher yield and gives access to your funds with either checks or a bankcard. CIBC Bank USA has one money market that earns a pretty high APY.
CIBC Bank USA Money Market:
- Open this account with $50
- There is a $15 monthly fee, but you can waive it by having a daily minimum balance of $2,500.
- Earns tiered interest rates based on balance amount
- Interest rates are compounded and credited each month
- No checking account required
- No minimum withdrawal amount
Compare Money Market Accounts
 • Get started and open a Discover® Money Market Account in 3 easy steps. • Available nationwide online • Earn high yields with flexible access to your cash. • Earn 3.55%% APY balances $100,000 and over • Earn 3.50% APY balances under $100,000 • No hidden fees. No surprises. • Easy cash access via debit or check, or via ATM at over 60,000 no-fee ATMs |
CD Account Options
CBIC Bank USA offers two kinds of CDs that earn competitive interest rates. Their CDs range from 30 days to 5 years. Keep in mind that there is also penalty fee for early CD withdrawals.
This CD earns a fixed interest rate and will renew upon maturity.
You will need $1,000 to open it, but there are no monthly fees.
You have to maintain a daily balance of $1,000 in order to continuously earn interest.
This Jumbo CD is for those who have a lot of money to invest in, and you will need a minimum deposit of $10,000 to open it.
This CD also earns a fixed interest rate and renews upon maturity.
If you maintain a daily balance of $100,000 or more, you can significantly earn higher and higher interest.
Compare CD Accounts
• Available nationwide online, Discover® offers CDs with some of the highest & most competitive rates! with select terms as short as 3 months up to 120 months • Rates ranging from 2.00% APY up to 4.00% APY. • Opening a Discover Bank Certificate of Deposit is extremely quick and easy. • Funds on deposit are FDIC-insured up to the maximum allowed by law. • Get started and open a Discover CD in 3 easy steps. |
Reasons to Bank with CIBC Bank USA
- CIBC Bank USA offers an EasyPath checking account which functions similarly as opportunity checking. The difference is this account comes with even more benefits and options than a regular second chance account would.
- They offer competitive interest rates especially when you apply for an Agility Savings account. Get the most out of your savings by opening an online savings account.
- The minimum opening deposits for most of their accounts aren’t too costly and comes with notable benefits.
- You can bank online or on CIBC Bank’s mobile app conveniently since there aren’t too many physical branches available.
Reasons Not to Bank with CIBC Bank USA
- They are only available in 4 states: Illinois, Minnesota, Missouri, and Wisconsin, so if you don’t live in one of those states, you cannot do your banking in person.
- High minimum balance requirements to compensate for high interest rates.
- CIBC Bank’s CDs have higher opening deposits than some banks that can offer higher APY.
CIBC Bank USA Routing Number
The routing number for CIBC Bank USA is 071006486.
Contact Customer Service
For general customer service, you can call 877-448-6500. For all other inquiries, check CIBC Bank’s website for the associated phone number.
How CIBC Bank USA Compares
- Chase Bank: Chase is one of the biggest banks in the U.S and offers just about almost everything. Compared to its other competitors, Chase offers much more checking account options.
- Discover Bank: Discover Bank is an online nationwide bank that offers bonuses for their checking and savings accounts! You can earn cash back rewards when you open a checking account and generous bonuses for opening a savings one.
- Wells Fargo: Located throughout the US with over 5,800 branches and 13,000 ATMs. They offer a variety of deposits accounts, including accounts for teens and customers who need a second chance.
- Huntington Bank: Huntington Bank has various account options and offers checking bonuses, overdraft protection, free mobile banking, online bill pay, access to over 800 branches and 1,800 ATMs, and much more.
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Bottom Line
If you prefer going for local, smaller banks to conduct your banking and there is a CIBC Bank near where you live, then consider banking with them.
They value their customers’ worth by offering opportunity checking and set the bar higher than average for those who want to earn competitive interest rates online.
However, keep in mind that when you look for a checking or savings account be sure to look into all the fees charged. Don’t focus on the interest rate alone, but on what the account will cost you overall.
If you’re interested in banking with CIBC Bank USA, see our list of the latest CIBC Bank USA Bonuses! For more options from a variety of banks, see our list of the best bank promotions!
Helpful Tips:
Thank you for letting us know, Robert!
NEW PROMOTION https://us.cibc.com/en/agility/agility-savings.html
? To qualify for an Agility Savings New Client promotional bonus, you must:
1. Complete an account application for a new Agility Savings account between February 10, 2020 and March 16, 2020. An account application is deemed complete when you are provided an account number on the confirmation screen.
2. Deposit at least $25,000 of new money from an external bank (transfers between CIBC Bank USA accounts will not qualify) within the first 15 calendar days from the date of the completed account application (Initial Funding Period);
3. The minimum daily balance on the account must be at least $25,000 for 120 days from the last calendar day of the Initial Funding Period; and
4. Enroll in Online Banking and change the Statements Delivery Method to “Online” during the Initial Funding Period and continue enrollment for 120 days from the last calendar day of the Initial Funding Period.
The bonus will be determined as follows:
1. You will earn a $200 bonus if you maintain a minimum daily balance between $25,000 and $49,999.99 for 120 days from the last calendar day of the Initial Funding Period.
2. You will earn a $400 bonus if you maintain a minimum daily balance of at least $50,000 for 120 days from the last calendar day of the Initial Funding Period.
3. If at any time during the 120 days from the last calendar day of the Initial Funding Period your minimum daily balance decreases:
a. Less than $50,000 but $25,000 or more, you will earn a bonus of $200.
b. Less than $25,000, you will not qualify for a bonus.