CIBC CIBC: Get Up to $400 When You Open a New CIBC Smart Account Get Up to $400 with New CIBC Smart Accounts!

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Earn some extra spending money with CIBC, where you'll get up to a $400.00 bonus when you open a new CIBC Smart Account.

Simply enroll online, then complete the following steps within two months of opening your account to qualify for a $350.00 bonus:

  • Set up one ongoing direct deposit and maintain for at least one year
  • Set up one of the following – two ongoing pre-authorized debits; two Visa debits; or two online bill payments of $50.00 or more

You can also earn an additional $50.00 bonus by transferring $200.00 from your new CIBC Smart Account into a CIBC eAdvantage Savings Account within two months. Once complete, all eligible bonuses will be deposited into your account within seven months after opening your account.

For reference, $400.00 is the highest welcome bonus currently available among the major banks in Canada, as similar offers from BMO, Scotiabank and TD Canada Trust top out at $350.00.

This offer is available to new or qualifying CIBC customers until January 31, 2023 – click here to read the complete terms and conditions for this offer.

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    • Maintain account for a year, sure.
      Maintain 1ongoing direct deposit + 1 of the 3 transactions for a year. Not worth it.
    • Report Post
    • Also have a question about CCB from CRA. Can my wife's put her CCB payment into my chequing account to meet my requirement? She can change the direct deposit account number on CRA account any time. Will the name be an issue?
      Not in my experience.
    • Report Post
    • Hi, the monthly ccb payments meet the requirement for direct deposit? please confirm.
      Also have a question about CCB from CRA. Can my wife's put her CCB payment into my chequing account to meet my requirement? She can change the direct deposit account number on CRA account any time. Will the name be an issue?
    • Report Post
    • Just got the same letter, except I opened mine in Feb last year, letter says monthly fee rebate ends Feb 28th, so I'll probably wait until the last week of Feb to close it out
      U had 1 year free monthly fee rebate?? Mine was only 3 months when I opened the account in July last year.
    • Report Post
    • Question for y’all, opened this mid Jan. I got the letter saying it’s the last month. Does that mean I can cancel on mid-Feb? Or do I need to wait until March 1st?
      Just got the same letter, except I opened mine in Feb last year, letter says monthly fee rebate ends Feb 28th, so I'll probably wait until the last week of Feb to close it out
    • Report Post
    • ... two (2) eligible Visa* Debit purchases within the same calendar month (see Eligible Visa Debit Purchases below for eligibility details);
      Would two $1 amazon.ca gift card reloads satisfy this requirement?
    • Report Post
    • Hi, the monthly ccb payments meet the requirement for direct deposit? please confirm.
    • Report Post
    • Hi all. Regarding the $50 bonus for the savings account, the terms and conditions say:



      It doesn't say how long we have to keep the $200 in the savings account. Does anyone know? Can I withdraw the $200 from savings a few days later and still satisfy this requirement?
      Terms don't specify, personally I kept the $200 in savings until they paid me the $400 bonus then withdrew $199 and left $1 in there. Don't close the savings account until the year is up.
    • Report Post
    • Hi all. Regarding the $50 bonus for the savings account, the terms and conditions say:
      To qualify for the additional $50, complete steps to receive the first $350 and within 2 months of opening the Smart Account or Smart Plus Account, transfer at least $200 from your account into your eAdvantage® Savings Account.


      It doesn't say how long we have to keep the $200 in the savings account. Does anyone know? Can I withdraw the $200 from savings a few days later and still satisfy this requirement?
    • Report Post
    • Got my credit on Jan 16. I opened the account on June 11.
    • Report Post
    • For visa debit purchases, is there a delay before the transaction posts (reflects) on the CIBC chequing account?

      I made a purchase on amazon.ca and paid with cibc visa debit this past Tuesday night and as of thursday evening, it is still not reflecting on the cibc chequing account. Triple checked I paid for the purchase with my cibc (visa) debit card

      Is this unusual?
    • Report Post
    • Wasn't there $150.00 Costco digital gift card along with this offer of epening CIBC Smart e-advantage cheque account?
      That is the latest offer. Before that it was $100 for Amazon which was the black Friday special.
    • Report Post
    • Wasn't there $150.00 Costco digital gift card along with this offer of epening CIBC Smart e-advantage cheque account?
      Really? I haven't heard of any.
    • Report Post
    • Wasn't there $150.00 Costco digital gift card along with this offer of epening CIBC Smart e-advantage cheque account?
    • Report Post
    • It's so odd that CIBC doesn't print the account owner's address on the online statements. Not sure how essential that is but ALL financial institutions do and CIBC is a big 6?
    • Report Post
    • Is Amazon cash load consider as Visa Debit?

      It shows POS on my detail transaction.
      Point of Sale - Visa Debit INTL VISA DEB RETAIL PURCHASE Amazon.ca*9E9XQ T22355752882 1.00 CAD @ 1.000000
      As long as it shows 'visa deb', I would think it should work. They have no way of knowing what you purchased through amazon
    • Report Post
    • Can 1 of you who got the $350/$400 bonus already confirm if paying $50 to a non-CIBC credit card counts as a bill payment to fulfill that part of the criteria?

      The post from Mancouchchair earlier in the thread indicates even non-CIBC visa cards do not count as bill payments for this promotion
      I used bill payment for hydro and scotia credit card
    • Report Post
    • The terms language from that CIBC promo is different, wait till March 1 to close.

      https://forums.redflagdeals.com/cibc-ge ... #p35581476



      Personally I just paid my ISP the $50 payments. But there is nothing in terms specifically excluding non-CIBC CC's.
      We need to pay 2 separate bills a minimum of $50 or can we pay the same bill twice ?
    • Report Post
    • Is Amazon cash load consider as Visa Debit?

      It shows POS on my detail transaction.
      Point of Sale - Visa Debit INTL VISA DEB RETAIL PURCHASE Amazon.ca*9E9XQ T22355752882 1.00 CAD @ 1.000000

      Also using split payroll and getting "Electronic Funds Transfer PAY" in transaction description, crossing my fingers
    • Report Post
    • Feb would be the 13th month since I opened in late Jan 2022?
      The terms language from that CIBC promo is different, wait till March 1 to close.

      https://forums.redflagdeals.com/cibc-ge ... #p35581476
      Can 1 of you who got the $350/$400 bonus already confirm if paying $50 to a non-CIBC credit card counts as a bill payment to fulfill that part of the criteria?

      The post from Mancouchchair earlier in the thread indicates even non-CIBC visa cards do not count as bill payments for this promotion
      Personally I just paid my ISP the $50 payments. But there is nothing in terms specifically excluding non-CIBC CC's.
    • Report Post
    • Weird, i talked to a rep and they told me its twice a month for 12 months. And credit cards DO NOT cont as bill payments.

      Easiest thing i think is just doing 2 visa debit transactions a month. Could buy two things at the dollar store and ask for separate transactions.
      Or you do pre auth and use hydro and your mortgage
      Woohoo finally the 350 showed up!

      Here's my timeline for data point -

      May - approved for checking account
      June - recurring payroll
      July - made 3 bill payments
      Dec - got the 350 bonus

      Thanks RFD!
      Got my $400 bonus! Life is good.
      $400 deposited today ($350 checking, $50 savings). Sigh of relief, don't gotta chase after it. Nice year-end credit :)
      Can 1 of you who got the $350/$400 bonus already confirm if paying $50 to a non-CIBC credit card counts as a bill payment to fulfill that part of the criteria?

      The post from Mancouchchair earlier in the thread indicates even non-CIBC visa cards do not count as bill payments for this promotion
    • Report Post
    • @wyho007 i did the split payroll and it says PAY and not EFT. Not sure when I will get the money though.
      My split is 2 ways, one says "PAYROLL" the other says "EFT". Let's see if we get the money in a few months.
    • Report Post
    • Feb would be the 13th month since I opened in late Jan 2022?
      I think I got my bonus a few days ago. It shows as "Credit Memo IBB Back Office Centre Mississauga."

      I opened my account mid June 2022 so the bonus was paid exactly 7 months from that date.
    • Report Post
    • You can close the account on the 13th month, after you make sure your DD and PAD have been switched.
      Feb would be the 13th month since I opened in late Jan 2022?
    • Report Post
    • Question for y’all, opened this mid Jan. I got the letter saying it’s the last month. Does that mean I can cancel on mid-Feb? Or do I need to wait until March 1st?
      You can close the account on the 13th month, after you make sure your DD and PAD have been switched.
    • Report Post
    • @wyho007 i did the split payroll and it says PAY and not EFT. Not sure when I will get the money though.
    • Report Post
    • Question for y’all, opened this mid Jan. I got the letter saying it’s the last month. Does that mean I can cancel on mid-Feb? Or do I need to wait until March 1st?
    • Report Post
    • Why wouldn't it work? They can't tell it's split.
      We'll see. Apparently a split payroll will show "EFT" instead of "Payroll deposit" in the deposit description.
    • Report Post
    • Not sure for direct deposit, if a split payroll will work when I have the salary made to 2 bank accounts when the Smart Plus account is only one of the two?
      Why wouldn't it work? They can't tell it's split.
    • Report Post
    • Not sure for direct deposit, if a split payroll will work when I have the salary made to 2 bank accounts when the Smart Plus account is only one of the two?
    • Report Post
    • You don't have to. Only the pre authorized and DD have to be maintained, if you picked the pre-authorized.
      I only did direct deposit to be recurring. Bill payment i did 3x in a few days interval to be sure.
    • Report Post
    • so for those of you who have got the bonus, it took exactly 7 month for the bonus to show up?
      7mos and a few weeks as they count end of the month
    • Report Post
    • so for those of you who have got the bonus, it took exactly 7 month for the bonus to show up?
    • Report Post
    • one year? not worth it.
    • Report Post
    • Full Terms and Conditions Below




      Terms and conditions
      This offer is governed by Canadian law.
      For the purposes of this Offer:
      “you” and “your” mean any Eligible Client(s);
      “we”, “our” and “us” mean Canadian Imperial Bank of Commerce; and
      “Terms” means these terms and conditions that govern this Offer.
      1. Offer period
      The $400 Offer for the CIBC SmartTM Account and CIBC Smart Plus Account (the “Offer”) begins on April 30, 2022 at 12:01 a.m. (ET) and ends on January 31, 2023 at 9:00 p.m. (ET) (the “Offer Period”). The Offer consists of up to a $400 Cash Reward (the “Cash Reward”) for opening and using a new CIBC Smart™ Account or CIBC Smart™ Plus Account (each an “Account”). This Offer is made by Canadian Imperial Bank of Commerce (“CIBC”).
      2. Eligibility
      This Offer is only open to residents of Canada who: (i) are age 25 and older for clients opening a CIBC Smart Account or have reached the age of majority for clients opening a CIBC Smart Plus Account; and (ii) from 2019 to the time of opening the Account, were not a holder (or joint holder) of a CIBC chequing account, as determined by CIBC at its sole discretion on the basis of its official records. CIBC employees and retired employees are not eligible for the Offer. This Offer can be combined with the CIBC Smart Account Fee Rebate Welcome Offer or the CIBC Smart Plus Account Fee Rebate. Unless otherwise indicated, this Offer cannot be combined with any other chequing account offer, rebate, reward, or the CIBC Smart Start or CIBC Smart for Students benefit on the CIBC Smart Account. Individuals who meet the foregoing eligibility requirements and otherwise comply with these Terms, as determined by CIBC at its sole discretion, may be referred to as “Eligible Client(s)”. For joint accounts, all accountholders must be Eligible Clients at the time of opening the Account.
      3. Offer requirements
      To qualify to receive a $350 Cash Reward, you must complete the steps below:
      Step 1: Open an Account during the Offer Period.
      For Accounts opened through Telephone Banking, we may ask you to visit a CIBC banking centre to provide your signature to finish opening the Account, in which case you must do this within 7 days of opening your Account and before the end of the Offer Period.
      Step 2: Provide a valid email address for any one of the accountholders at the time of opening the Account if one has not already been provided. The email address must remain on file and valid for at least one (1) year.
      Step 3: Within two (2) months after the month that you open the Account, set up and complete the following transactions within the Account (each a "Qualifying Action"):
      i) at least one (1) recurring direct deposit from your employer, the government or your pension into the Account. The direct deposit must recur either weekly, biweekly, monthly or twice per month.; and
      ii) at least one (1) of the following three (3) Qualifying Actions from the Account:
      a. two (2) different recurring pre-authorized debits withdrawn within the same calendar month. The pre-authorized debit must recur either weekly, biweekly, monthly or twice per month. Examples include: a pre-authorized bill payment to a service provider (i.e. utility bill, gym membership) or pre-authorized payment to a CIBC mortgage or loan); or

      April 2022
      Page 2 of 3
      $400 Offer for CIBC Smart™ Account and CIBC Smart Plus Account
      b. two (2) eligible Visa Debit purchases within the same calendar month (see Eligible Visa Debit Purchases below for eligibility details); or
      c. two (2) online bill payments to a service provider through CIBC Online Banking or the CIBC Mobile Banking App (of at least $50 each) within the same calendar month. A payment from your Account to a CIBC credit card or personal line of credit does not qualify as a bill payment.
      Your recurring direct deposit and recurring pre-authorized debits must remain in place for at least one (1) year from after the month that the Account was opened (see paragraph 5 for consequences if recurring Qualifying Actions are canceled). We reserve the right to determine if a transaction is considered a Qualifying Action.
      Eligible Visa Debit Purchases: Eligible Visa Debit purchases include purchases made with your CIBC Advantage® Debit Card from your Account online, in-app, by phone or by mail order at participating retailers that accept Visa* Debit as well as in-store in the U.S. and internationally where Visa is accepted. An example of a Visa Debit purchase includes the online purchase of streaming services using a debit card as the payment method. Point of sale purchases made in Canada and “Cash-Like Transactions” are not considered to be an Eligible Visa Debit purchase; a “Cash-Like Transaction” refers to a transaction involving the purchase of items directly convertible into cash. Examples include casino gambling chips or credits, money orders, wire transfers, and travellers' cheques. We reserve the right to determine if a Visa debit purchase is an Eligible Visa Debit Purchase. Purchase date will be based on the date the transaction is posted to your Account. For more information, consult with a CIBC banking representative to determine whether any given Visa Debit transaction is eligible for the Offer.
      To qualify to receive an extra $50 Cash Reward (for the total of a $400 Cash Reward), you must:
      Step 1: Complete all steps required to receive the $350 Cash Reward; and
      Step 2: Within two (2) months after the month that the Account is opened, transfer a total of at least $200 from your Account to your eAdvantage® Savings Account (eSA). The eSA can be new or existing and must be held by at least one Eligible Client.
      4. Offer limits
      Limit of one (1) Cash Reward of up to $400 is available per Eligible Client. For joint accounts, only one (1) Cash Reward of up to $400 is available per Account. If we discover that any person has attempted to use multiple names, identities, email addresses and/or any other information to exceed these limits, then those individual(s) may be disqualified from the Offer (as determined by us at our sole discretion).
      5. Offer fulfillment and conditions
      If you qualify to receive the Cash Reward, it will be credited directly to the Account within seven (7) months after the month that you have opened your Account.
      If multiple Accounts are opened on the same day, CIBC reserves the right in its sole and absolute discretion to credit the Cash Reward to any Account in its sole and absolute discretion. If the Account is opened on the same day as another CIBC chequing account, CIBC reserves the right to choose which offer to provide and to which account if the offers cannot otherwise be combined. The Cash Reward must be accepted as provided and is not transferable or assignable. No Cash Reward substitutions will be permitted.
      If you do not receive the Cash Reward, you have until nine (9) months after the month that the Account was opened to tell us that the Cash Reward was not received. If you do not tell us by this time, you will be deemed to have forfeited your right to the Cash Reward and to have not qualified for the Offer.
      The Account must remain open, active, unconverted and in good standing for at least one (1) year after the month that the Account was opened. All Eligible Clients must remain Eligible Clients for at least one (1) year after the month that the Account was opened. If you downgrade, convert or close your Account or cancel any recurring Qualifying Actions at any time before one (1) year after the month that the Account was opened, we reserve the right to disqualify you from receiving the Cash Reward or if the Cash Reward has been paid, we reserve the right to withdraw from your Account or any of your accounts with CIBC the value of the Cash Reward even if this places you into overdraft. If your Account is closed and you do not have any other account with us at that time, we may send you an invoice for the value of the Cash Reward, which you agree to pay within 30 days of its postmark date.
      April 2022
      Page 3 of 3
      $400 Offer for CIBC Smart™ Account and CIBC Smart Plus Account
      6. General terms and conditions
      This Offer is subject to all applicable federal, provincial and municipal laws. The decisions we make with respect to all aspects of this Offer are final and binding on all clients without right of appeal, including, without limitation, any decisions regarding the eligibility of any person. By participating in this Offer, you are agreeing to be legally bound by these Terms.
      We reserve the right, in our sole and absolute discretion, to end, cancel, change or suspend this Offer, or to change these Terms, at any time, for any reason without notice. We reserve the right, in our sole and absolute discretion, to disqualify any person we find or believe (using any evidence or other information made available to or otherwise discovered by us) to be manipulating or otherwise abusing the process, fairness, integrity or operation of the Offer. Please monitor cibc.com for information regarding any updates to these Terms. Except as modified, the terms and conditions relating to existing products/services will remain in full force and effect.
      By participating in this Offer, each participant, including Eligible Clients, expressly consents to us, our agents and/or representatives, storing, sharing, using and disclosing the personal information submitted while participating in this Offer for the purpose of administering this Offer and in accordance with the terms of CIBC’s Personal Account Agreement and CIBC’s privacy policy (available at: cibc.com/privacy). Participants, including Eligible Clients, who do not wish to provide their email address will not be eligible for the Offer, but will still be able to open a CIBC Smart Account or Smart Plus Account. Eligible Clients who have received the Offer may unsubscribe from receiving marketing related email by clicking on the “Unsubscribe” button within the email.
      In the event of any discrepancy or inconsistency between the terms and conditions as provided in these Terms and disclosures or other statements contained in any Offer-related materials, including, but not limited to point of sale, television, print or online advertising, the terms and conditions of these Terms shall prevail, govern and control to the fullest extent permitted by law. In the event of any discrepancy or inconsistency between the English and French version of these Terms, the terms and conditions of the English version of these Terms shall prevail, govern and control to the fullest extent permitted by law



      I understand you need to keep account open *and* payroll deposit going for a year.
      But where do you see that you need to keep making 2 bill payments/month for a year, or where do you see you need to keep doing debit transactions every month for a year?
      You don't have to. Only the pre authorized and DD have to be maintained, if you picked the pre-authorized.
    • Report Post
    • Ive been tracking this promo and now, people who closed before 2019 are eligible (previously 2015).

      BUT now it requires a direct deposit; does OTB count? Or are there other direct deposits easier than employer's?



      Within the first 2 months, set up and maintain for one year:

      One ongoing direct deposit, for example: your paycheque and; Learn about direct deposits. Opens in a dialog.
      One of the 3 transactions:
      2 ongoing pre-authorized debits, for example: your hydro bill Learn about pre-authorized debits. Opens in a dialog.
      2 Visa debits or;
      2 online bill payments of $50 or more each, for example: your phone bill

      Step 3.
      Get an extra $50
      If you qualified for the $350, you can now get an additional $50.
      Transfer $200 from your new CIBC Smart™ Account into your CIBC eAdvantage® Savings Account within 2 months after your Smart Account is opened.

      Congrats! You'll get your $400 within 7 months after opening your account.

      Full Terms and Conditions Below




      Terms and conditions
      This offer is governed by Canadian law.
      For the purposes of this Offer:
      “you” and “your” mean any Eligible Client(s);
      “we”, “our” and “us” mean Canadian Imperial Bank of Commerce; and
      “Terms” means these terms and conditions that govern this Offer.
      1. Offer period
      The $400 Offer for the CIBC SmartTM Account and CIBC Smart Plus Account (the “Offer”) begins on April 30, 2022 at 12:01 a.m. (ET) and ends on January 31, 2023 at 9:00 p.m. (ET) (the “Offer Period”). The Offer consists of up to a $400 Cash Reward (the “Cash Reward”) for opening and using a new CIBC Smart™ Account or CIBC Smart™ Plus Account (each an “Account”). This Offer is made by Canadian Imperial Bank of Commerce (“CIBC”).
      2. Eligibility
      This Offer is only open to residents of Canada who: (i) are age 25 and older for clients opening a CIBC Smart Account or have reached the age of majority for clients opening a CIBC Smart Plus Account; and (ii) from 2019 to the time of opening the Account, were not a holder (or joint holder) of a CIBC chequing account, as determined by CIBC at its sole discretion on the basis of its official records. CIBC employees and retired employees are not eligible for the Offer. This Offer can be combined with the CIBC Smart Account Fee Rebate Welcome Offer or the CIBC Smart Plus Account Fee Rebate. Unless otherwise indicated, this Offer cannot be combined with any other chequing account offer, rebate, reward, or the CIBC Smart Start or CIBC Smart for Students benefit on the CIBC Smart Account. Individuals who meet the foregoing eligibility requirements and otherwise comply with these Terms, as determined by CIBC at its sole discretion, may be referred to as “Eligible Client(s)”. For joint accounts, all accountholders must be Eligible Clients at the time of opening the Account.
      3. Offer requirements
      To qualify to receive a $350 Cash Reward, you must complete the steps below:
      Step 1: Open an Account during the Offer Period.
      For Accounts opened through Telephone Banking, we may ask you to visit a CIBC banking centre to provide your signature to finish opening the Account, in which case you must do this within 7 days of opening your Account and before the end of the Offer Period.
      Step 2: Provide a valid email address for any one of the accountholders at the time of opening the Account if one has not already been provided. The email address must remain on file and valid for at least one (1) year.
      Step 3: Within two (2) months after the month that you open the Account, set up and complete the following transactions within the Account (each a "Qualifying Action"):
      i) at least one (1) recurring direct deposit from your employer, the government or your pension into the Account. The direct deposit must recur either weekly, biweekly, monthly or twice per month.; and
      ii) at least one (1) of the following three (3) Qualifying Actions from the Account:
      a. two (2) different recurring pre-authorized debits withdrawn within the same calendar month. The pre-authorized debit must recur either weekly, biweekly, monthly or twice per month. Examples include: a pre-authorized bill payment to a service provider (i.e. utility bill, gym membership) or pre-authorized payment to a CIBC mortgage or loan); or

      April 2022
      Page 2 of 3
      $400 Offer for CIBC Smart™ Account and CIBC Smart Plus Account
      b. two (2) eligible Visa Debit purchases within the same calendar month (see Eligible Visa Debit Purchases below for eligibility details); or
      c. two (2) online bill payments to a service provider through CIBC Online Banking or the CIBC Mobile Banking App (of at least $50 each) within the same calendar month. A payment from your Account to a CIBC credit card or personal line of credit does not qualify as a bill payment.
      Your recurring direct deposit and recurring pre-authorized debits must remain in place for at least one (1) year from after the month that the Account was opened (see paragraph 5 for consequences if recurring Qualifying Actions are canceled). We reserve the right to determine if a transaction is considered a Qualifying Action.
      Eligible Visa Debit Purchases: Eligible Visa Debit purchases include purchases made with your CIBC Advantage® Debit Card from your Account online, in-app, by phone or by mail order at participating retailers that accept Visa* Debit as well as in-store in the U.S. and internationally where Visa is accepted. An example of a Visa Debit purchase includes the online purchase of streaming services using a debit card as the payment method. Point of sale purchases made in Canada and “Cash-Like Transactions” are not considered to be an Eligible Visa Debit purchase; a “Cash-Like Transaction” refers to a transaction involving the purchase of items directly convertible into cash. Examples include casino gambling chips or credits, money orders, wire transfers, and travellers' cheques. We reserve the right to determine if a Visa debit purchase is an Eligible Visa Debit Purchase. Purchase date will be based on the date the transaction is posted to your Account. For more information, consult with a CIBC banking representative to determine whether any given Visa Debit transaction is eligible for the Offer.
      To qualify to receive an extra $50 Cash Reward (for the total of a $400 Cash Reward), you must:
      Step 1: Complete all steps required to receive the $350 Cash Reward; and
      Step 2: Within two (2) months after the month that the Account is opened, transfer a total of at least $200 from your Account to your eAdvantage® Savings Account (eSA). The eSA can be new or existing and must be held by at least one Eligible Client.
      4. Offer limits
      Limit of one (1) Cash Reward of up to $400 is available per Eligible Client. For joint accounts, only one (1) Cash Reward of up to $400 is available per Account. If we discover that any person has attempted to use multiple names, identities, email addresses and/or any other information to exceed these limits, then those individual(s) may be disqualified from the Offer (as determined by us at our sole discretion).
      5. Offer fulfillment and conditions
      If you qualify to receive the Cash Reward, it will be credited directly to the Account within seven (7) months after the month that you have opened your Account.
      If multiple Accounts are opened on the same day, CIBC reserves the right in its sole and absolute discretion to credit the Cash Reward to any Account in its sole and absolute discretion. If the Account is opened on the same day as another CIBC chequing account, CIBC reserves the right to choose which offer to provide and to which account if the offers cannot otherwise be combined. The Cash Reward must be accepted as provided and is not transferable or assignable. No Cash Reward substitutions will be permitted.
      If you do not receive the Cash Reward, you have until nine (9) months after the month that the Account was opened to tell us that the Cash Reward was not received. If you do not tell us by this time, you will be deemed to have forfeited your right to the Cash Reward and to have not qualified for the Offer.
      The Account must remain open, active, unconverted and in good standing for at least one (1) year after the month that the Account was opened. All Eligible Clients must remain Eligible Clients for at least one (1) year after the month that the Account was opened. If you downgrade, convert or close your Account or cancel any recurring Qualifying Actions at any time before one (1) year after the month that the Account was opened, we reserve the right to disqualify you from receiving the Cash Reward or if the Cash Reward has been paid, we reserve the right to withdraw from your Account or any of your accounts with CIBC the value of the Cash Reward even if this places you into overdraft. If your Account is closed and you do not have any other account with us at that time, we may send you an invoice for the value of the Cash Reward, which you agree to pay within 30 days of its postmark date.
      April 2022
      Page 3 of 3
      $400 Offer for CIBC Smart™ Account and CIBC Smart Plus Account
      6. General terms and conditions
      This Offer is subject to all applicable federal, provincial and municipal laws. The decisions we make with respect to all aspects of this Offer are final and binding on all clients without right of appeal, including, without limitation, any decisions regarding the eligibility of any person. By participating in this Offer, you are agreeing to be legally bound by these Terms.
      We reserve the right, in our sole and absolute discretion, to end, cancel, change or suspend this Offer, or to change these Terms, at any time, for any reason without notice. We reserve the right, in our sole and absolute discretion, to disqualify any person we find or believe (using any evidence or other information made available to or otherwise discovered by us) to be manipulating or otherwise abusing the process, fairness, integrity or operation of the Offer. Please monitor cibc.com for information regarding any updates to these Terms. Except as modified, the terms and conditions relating to existing products/services will remain in full force and effect.
      By participating in this Offer, each participant, including Eligible Clients, expressly consents to us, our agents and/or representatives, storing, sharing, using and disclosing the personal information submitted while participating in this Offer for the purpose of administering this Offer and in accordance with the terms of CIBC’s Personal Account Agreement and CIBC’s privacy policy (available at: cibc.com/privacy). Participants, including Eligible Clients, who do not wish to provide their email address will not be eligible for the Offer, but will still be able to open a CIBC Smart Account or Smart Plus Account. Eligible Clients who have received the Offer may unsubscribe from receiving marketing related email by clicking on the “Unsubscribe” button within the email.
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      I understand you need to keep account open *and* payroll deposit going for a year.
      But where do you see that you need to keep making 2 bill payments/month for a year, or where do you see you need to keep doing debit transactions every month for a year?
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    • $400 deposited today ($350 checking, $50 savings). Sigh of relief, don't gotta chase after it. Nice year-end credit :)
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    • Got my $400 bonus! Life is good.
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