Banking for Foreign Workers
Are you in Canada as a foreign worker?
Take advantage of our banking package for foreign workers.
Make your new life in Canada a little easier. Get help managing your spending and saving.
Bank account for foreign workers
Pay no monthly fee and enjoy the freedom of unlimited transactions1 and free unlimited Interac e-Transfer service®. Plus, receive a debit card to securely pay for purchases online and in stores worldwide.
Credit Cards2 for foreign workers
Pay for purchases and help build your credit history. You don't need a security deposit or credit history, just another eligible CIBC personal banking product2. You can even earn travel or cash back rewards on some of our cards.
CIBC Global Money Transfer™
If you bank with us, you can quickly and easily send money to friends and family in more than 45 countries. Plus, there’s no money transfer fee.
Buying a home
If you have a Temporary Foreign Worker permit still valid for 12 months, you may be eligible for a simplified mortgage application, with no Canadian credit history required.
Learn more about mortgages for foreign workers and newcomers
Competitive interest savings account
Earn our best non-registered savings account interest rate with the eAdvantage® Savings Account when your balance is $5,000 or more.
Foreign Exchange
Get the foreign cash you need. CIBC offers cash in up to 75 foreign currencies.
No monthly fee U.S. dollar account
Earn interest on your U.S. dollars. Funds can be transferred between your CIBC US$ Personal Account and your other personal CIBC bank accounts, online, on your phone or tablet or at a banking centre.
Learn more about the U.S. dollar account for foreign workers
Toronto Pearson International Airport
When you arrive in Canada, you will have some immediate financial needs. CIBC has multiple banking centres and ATMs in conveniently located at Toronto Pearson International Airport.
Enjoy banking that fits your life
Bank on the go, where and when you want — all from the convenience of your phone, tablet or computer.
Learn more about ways to bank with CIBC
Download the CIBC Mobile Banking® App:
Advice and help you can count on
Banking glossary
As a newcomer to Canada, you may find some of the banking and credit terms unfamiliar. Our Banking Glossary can help.
Learn more about banking terms
Checklist Now that you are living in Canada
Welcome to Canada! Here is a checklist of things to help you settle into your life in Canada.
Learn more about starting life in Canada
How banking works in Canada
Not sure how to start banking? CIBC is here to help.
Learn more about banking in Canada
Renting a home in Canada
Are you a newcomer to Canada who is looking for a place to rent? We can help you begin your search and understand Canada’s housing rental system.
Learn more about renting a home in Canada
What is credit?
Learn how to establish and build a good credit rating in Canada.
Learn more about credit