To help newcomers to Canada establish their first Canadian banking relationship, CIBC has introduced an all-in-one banking solution called the CIBC Newcomer to Canada Plan, the bank said Friday.

The bank says its CIBC Newcomer to Canada Plan addresses the most pressing needs newcomers have when arriving in Canada: establishing their credit rating; keeping funds and valuables safe; and setting up easy access to their money.

“Moving to a new country and establishing new roots can be overwhelming so choosing the right bank in Canada shouldn’t be,” says Christina Kramer, CIBC’s executive vice president of retail markets. “That is why we are pleased to introduce this enhanced offer to help new Canadians feel good about their banking as soon as they arrive here.”

Available to qualifying newcomers, the plan consists of free day-to-day banking for one year, up to $45 cash back on a new safety deposit box when a customer has a CIBC chequing account, and streamlined mortgage approval process and low down payment options.

In addition, newcomers can take advantage of other offers available to all eligible CIBC clients, such as high interest rates with a CIBC Bonus Savings Account; and up to 1% cash back on purchases made with the no-annual fee CIBC Dividend VISA Card.

IE