CIBC announced it is the first major financial institution to launch a distributed digital credit card and deposit account application for those new to Canada, making it faster and more convenient for these clients to make key banking decisions sooner. Through an innovative 'two for one' application, newcomers to the country can now apply for two financial products by submitting only one online digital application. Clients will be able to choose from a range of select CIBC credit cards, including CIBC Aventura, CIBC Aeroplan and CIBC Dividend.

Builds on CIBC's Newcomer program, which offers a number of solutions and useful tools to help those new to Canada, including CIBC Smart? Arrival, which enables permanent residents, foreign workers and international students from eligible countries to apply to open a deposit account online in as little as 10 minutes. As most newcomers make the decision about where to bank before they arrive in Canada, CIBC Smart Arrival will provide a head start as an easy way to open a bank account from their home country before arriving in Canada.

Once set-up, clients can deposit funds directly into the account prior to their arrival so money is available sooner and easier once in Canada. Additional tools and solutions for newcomers include: The digital CIBC Smart Guide to Canada which provides tailored resources, tips and banking offers, providing an early advantage in building a new life and new ambitions; Free day-to-day banking for two years through a CIBC Smart Account for Newcomers and Foreign Workers; No annual fee for two years on select CIBC credit cards; Exclusive program with TELUS that enables clients to open a bank account and set up a mobile phone at the same time, available through select branches; A free Canoo Cultural Pass with VIP access to over 1,400 of country's most exciting cultural and outdoor experiences; Educational content to support financial literacy.