To open an account with CIBC or Simplii, you must meet specific eligibility criteria. For CIBC, you need to be a Canadian resident, of legal age in your province, and provide valid identification, such as a passport or driver’s license. Non-residents may qualify with additional documentation.
Simplii, an online-only bank, requires applicants to be Canadian residents aged 18 or older. Both banks may request proof of address and a Social Insurance Number (SIN) for interest-bearing accounts. Eligibility for credit products, like loans or credit cards, depends on credit history, income, and other financial factors.
