The admission process for CIBC or Simplii involves several steps. First, applicants must choose the appropriate account or service, such as a chequing, savings, or credit product. For online banking with Simplii, registration is done digitally through their website or app, requiring personal identification and financial details.
CIBC may require in-branch visits for certain services, where proof of identity, address, and income verification are needed. Both institutions perform credit checks for credit products. Approval times vary, with digital processes often faster. Eligibility criteria include Canadian residency and age requirements, typically 18 years or older.
