CIBC has launched its Advantage(R) for Students program, which offers everyday banking with no monthly fees and no limit on the number of monthly transaction for students, the bank announced today.

The offer will apply to full-time students attending an accredited university or college in Canada, including CEGEP and will start June 1, the bank said. “Free everyday banking means that students no longer need to worry about monthly fees, or keep track of how many transactions they are permitted per month,” said Colette Delaney, senior vice president of GICs, Deposits and Payments for CIBC. “Students already have enough expenses to deal with, and with CIBC’s new student offer, everyday banking doesn’t need to be one of them.”

The bank says students can also take advantage of financial advice available at CIBC branches. “It’s never too early to start getting sound financial advice,” said Delaney. “Whether it’s advice on building your credit rating, or saving for a short term goal, a CIBC advisor can assist students in making informed financial decisions now while building a solid foundation for life after school.”