Find an updated list of CIBC Bank promotions, bonuses and offers here.
Currently, they have a $400 savings bonus when you open a new account and meet all the requirements. CIBC Bank is offering a $400 bonus when you open a new CIBC Agility™ Online Savings Account. Simply complete the listed requirements and you will be able to earn this bonus!
About CIBC Bank Promotions
The Canadian Imperial Bank of Commerce, commonly referred to as CIBC, is one of the “Big Five” banks in Canada. The bank is headquartered at Commerce Court in Toronto, Ontario.
I’ll review the offers below.
CIBC Bank $200 Checking Bonus *U.S.A*
- What you’ll get: $200 bonus
- Account Type: iCan or myChoice Checking account
- Availability: In branch only, branches are in CA, FL, IL, MI, MO & WI (Bank Locator)
- Direct Deposit Requirement: Yes, $500+
- Credit Inquiry: Soft Pull
- ChexSystems: Yes
- Credit Card Funding: None
- Monthly Fee: None. There are no monthly service fee with iCan checking.
- Early Account Termination Fee: None
- Household Limit: None listed
(Limited time offer)
| BMO Smart Money Checking ($300 cash bonus) | BMO Smart Advantage Checking ($300 cash bonus) |
| Bank of America ($300 bonus offer) | Chase Total Checking® ($300 bonus) |
| Truist Checking ($400 bonus) | SoFi Checking and Savings ($325 bonus) |
| KeyBank Key Smart Checking ($300 bonus) | |
How To Earn $200 Bonus
HOW TO EARN BONUSWAIVE THE MONTHLY FEEFINE PRINT
- Open the iCan or myChoice checking account with a minimum balance of $500 deposit.
- You must meet the following account requirements within 90 days of opening the account:
(1) One direct deposit or ACH transaction must post to the account, excluding electronic bill payments made through CIBC NetBanking) and;
(2) Elect to receive eStatements through CIBC NetBanking.
- CIBC Smart Account: There are no monthly service fees with $4000 daily balance.
- The minimum account balance to open the account, without a bonus, is $50.
- To qualify for the $200 bonus, you must open the account with a minimum balance of $500 and meet the following account requirements within 90 days of opening the account:
- (1) One direct deposit or ACH transaction must post to the account, excluding electronic bill payments made through CIBC NetBanking) and;
- (2) Elect to receive eStatements through CIBC NetBanking.
- The bonus will be credited to the account by the Payment Date.
- The “Payment Date” is 100 days after account opening.
- The account must remain open on the Payment Date to receive the bonus.
- Bonus is considered interest for income tax purposes and will be reported to the IRS.
- Any applicable taxes associated with the bonus are the responsibility of the account holder. Consult your tax adviser regarding specific tax considerations for your accounts.
- Only one CIBC iCan or CIBC myChoice Checking account bonus is permitted per person regardless of the number of accounts that are opened.
- The offer is subject to change and may be withdrawn at any time without notice.
- Accounts converted from other types of checking accounts and checking accounts opened online are ineligible for this bonus.
CIBC Bank $350 Checking Bonus *Canada*
- What you’ll get: $350 bonus
- Account Type: Checking
- Availability: Canada (Bank Locator)
- Direct Deposit Requirement: Yes, $500+
- Credit Inquiry: Soft Pull
- ChexSystems: Yes
- Credit Card Funding: None
- Monthly Fee: $16.95. There are no monthly service fees with $4000 daily balance.
- Early Account Termination Fee: None Listed
- Household Limit: None listed
(No Expiration Date)
| BMO Smart Money Checking ($300 cash bonus) | KeyBank Checking ($300 bonus) |
| Chase Private Client ($3,000 Bonus) | |
How To Earn $350 Bonus
HOW TO EARN BONUSWAIVE THE MONTHLY FEEFINE PRINT
- To qualify for the first $350, open a CIBC Smart Account or CIBC Smart Plus Account and provide your email address.
- Within 2 months of opening the account, complete at least 1 recurring direct deposit totalling at least $500 per month.
- Then do 1 of the following 3 activities: (i) at least 2 different recurring pre-authorized debits; (ii) at least 5 eligible Visa Debit purchases; or (iii) at least 2 online bill payments of at least $50 each.
- CIBC Smart Account: There are no monthly service fees with $4000 daily balance.
- Cash reward offer begins on April 29, 2023, at 12:01 am ET.
- Offer available to Canadian residents who are age 25 and older for a CIBC Smart™ Account or have reached the age of majority for a CIBC Smart™ Plus Account, and from 2019 to the time of opening the account are not holders or joint holders of a CIBC chequing account, all as determined by CIBC in its sole discretion.
- To qualify for the $350 offer, open a CIBC Smart Account or CIBC Smart Plus Account and provide your email address.
- Within 2 months after the month of opening the account, complete at least 1 or more recurring direct deposits totalling at least $500 per month and 1 of the following 3 activities: (i) 2 different recurring pre-authorized debits within the same calendar month; (ii) 5 eligible Visa* Debit purchases within the same calendar month; or (iii) 2 online bill payments of at least $50 each within the same calendar month.
- The direct deposit and the pre-authorized debit must remain in effect for at least 1 year from after the month of opening the account.
- Eligibility of transactions will be determined by CIBC in its sole discretion.
- Offer cannot be combined with any other offer, reward, rebate or the CIBC Smart Start or Smart for Students benefit on the Smart Account unless otherwise indicated by CIBC.
- The cash reward will be deposited into your account within 7 months after the month that you opened the account.
CIBC Bank $125 Checking Bonus *Canada*
- What you’ll get: $125 bonus
- Account Type: Checking
- Availability: Canada (Bank Locator)
- Direct Deposit Requirement: Yes
- Credit Inquiry: Soft Pull
- ChexSystems: Yes
- Credit Card Funding: None
- Monthly Fee: There are no monthly service fees.
- Early Account Termination Fee: None Listed
- Household Limit: None listed
(No Expiration Date)
| BMO Smart Money Checking ($300 cash bonus) | BMO Smart Advantage Checking ($300 cash bonus) |
| Bank of America ($300 bonus offer) | Chase Total Checking® ($300 bonus) |
| Truist Checking ($400 bonus) | SoFi Checking and Savings ($325 bonus) |
| KeyBank Key Smart Checking ($300 bonus) | |
How To Earn $125 Bonus
HOW TO EARN BONUSWAIVE THE MONTHLY FEEFINE PRINT
- To qualify, open a CIBC Smart™ Account with a CIBC Smart Start or CIBC Smart for Students benefit.
- Within 2 months of opening the account, complete up to 3 of the following, each for a $50 reward: (i) provide your email address (ii) 1 recurring direct deposit; (iii) a choice of: (a) at least 2 different recurring pre-authorized debits; (b) at least 2 Visa Debit purchases; or (c) at least 2 online bill payments of at least $50 each.
- CIBC Smart Start Account: There are no monthly service fees.
- Offer available to Canadian residents and international students enrolled in CIBC’s ISBO Deposit Program, who meet the eligibility requirements for the CIBC Smart™ Start or CIBC Smart™ for Students benefit, and from 2019 to the time of opening the account are not holders or joint holders of a CIBC chequing account, all as determined by CIBC in its sole discretion.
- The direct deposit and the pre-authorized debit must remain in effect for at least 1 year from after the month of opening the account. Eligibility of transactions will be determined by CIBC in its sole discretion.
- Offer cannot be combined with any other offer, reward or rebate unless otherwise indicated by CIBC.
- The cash reward will be deposited into your account within 7 months (or 10 months for ISBO) after you have opened the account.
CIBC AgilityTM Online Savings 4.52% APY
Earn a high 4.52% APY rate on your account.- No monthly account maintenance fees.
- Minimum $1,000 deposit to open
- Get 24/7 access to your account with CIBC NetBanking or the CIBC US Mobile Banking App.
(FDIC Insured)
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Bottom Line
CIBC Bank is offering great promotions with easy requirements. With services such as online banking, you can sure your money is secure. Be sure to apply for these while you still can today!
If you are not located near a branch, you can see all nationwide bank bonuses for more suitable offers.
While they have generous bonuses, CIBC Bank doesn’t have great rates for CDs and Savings. You may want to check out our full list of Bank Rates and CD Rates.
*Finally, remember to check back at this page for updated CIBC Bank promotions, bonuses and offers.
This is the message that I got when I applied.
Thank you for your interest in opening a new account.
Unfortunately, we cannot process your application.
For assistance, please contact us at 1-877-448-6500.
Nevermind… got an email denying the account and the initial deposit was reversed.
I’m a teacher in Michigan. My employer is definitely not affiliated with CIBC bank. I signed up Friday and just got trial deposits this morning and mailed in the signature page.
There’s no credit card funding
Called and I can confirm that this is a soft pull with Chexsystems. Great news, but it’s only available to employees..
This is what I got when applying
Thank you for your interest in opening a new account.
Unfortunately, we cannot process your application.
For assistance, please contact us at 1-877-448-6500