† The CIBC Smart™ Account for Newcomers is offered to those who have received landed immigrant status or permanent resident in the last 5 years or those who are temporary resident workers who have a Canadian work permit issued for at least a 12-month term. Must show proof of entry into Canada and provide supporting documents such as landing papers, permanent resident card or Canadian work permit (IMM 1442). Monthly account fee is rebated for two years after which regular monthly account fees apply without notice. You can qualify for this offer if you apply and are approved for a new eligible account beginning on May 16, 2022.
‡ Cash reward offer begins on June 25, 2024 at 12:01 a.m. ET. The $400 new chequing account offer is open to residents of Canada who:
(i) are age 25 and older (if opening a CIBC Smart Account) or have reached the age of majority (if opening a CIBC Smart Plus Account),
(ii) from January 1, 2021 to the time of opening their CIBC Smart or CIBC Smart Plus, were not a holder of any CIBC chequing account as determined by CIBC on the basis of its official records, and
(iii) are not CIBC employees or retired employees.
To qualify for the $400 cash reward, open a CIBC Smart Account or CIBC Smart Plus Account and provide your email address. Within 2 months of opening the account, set up and execute 1 or more recurring direct deposit(s) in a minimum aggregate amount of $500 per month from your employer, government, or your pension and 1 of the following 3 activities:
(i) at least 2 separate 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.
The direct deposit(s) and the pre-authorized debits must recur either weekly, biweekly, monthly or twice per month and remain in effect for at least one (1) year from after the month that the CIBC Smart Account or CIBC Smart Plus Account was opened. 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.
The $200 new eSA offer is open to residents of Canada:
(i) who have reached the age of majority in their province or territory of residence,
(ii) from January 1, 2021 to the time of opening their eSA, were not a holder of an eSA as determined by CIBC on the basis of its official records, and
(iii) are not CIBC employees or retired employees.
To qualify for the $200 cash reward offer, you must complete all steps required to receive the $400 chequing account offer and open your first eSA within the same month you open your chequing account. By the end of the second calendar month after the month you open your eSA, you must establish a minimum closing balance of $10,000 in your eSA, and maintain that daily closing balance of at least $10,000 for an additional three (3) consecutive calendar months. If the balance falls below $10,000 at any point during the additional three month period, you will not qualify for the $200 reward. Unless otherwise indicated, the $200 new eSA offer can be combined with other eSA offers.
Cash rewards will be deposited into qualifying accounts within seven (7) months after the month that you opened the accounts. CIBC reserves the right to end, cancel, change or suspend this offer or change these terms for any reason without notice. Other conditions apply; review the terms and conditions (PDF, 140 KB) Opens in a new window..
1 The additional $1.50 service fee is waived for sending Interac e-Transfer transactions. Each Interac e-Transfer transaction you send counts as a transaction for calculating your monthly fee. Maximum dollar amount applies for Interac e-Transfer transactions. For details, review the CIBC Interac e-Transfer Terms and Conditions (PDF, 300 KB) Opens in a new window..
2 CIBC will rebate one non-CIBC ABM withdrawal fee charge; charges from the other financial institution may apply. Fees charged by other financial institutions or third parties for using their ATMs, and the 2.5% administration fee on the converted amount for foreign currency ATM withdrawals are not included in this feature and will be charged to your account. ATM withdrawal amounts may be limited to a maximum dollar withdrawal amount.
3 CIBC foreign exchange rates apply. A CIBC Global Money Transfer and a Foreign Exchange transaction counts towards your allowable transaction limit. Bank account transaction fees may apply. Must have a CIBC chequing account, savings account, eligible credit card or personal line of credit account to send a CIBC Global Money Transfer. Most transfers are completed within 1 to 3 business days. Only primary credit card cardholders can use their eligible credit card account to pay for the CIBC Global Money Transfer service.
Review the CIBC Global Money Transfer Agreement (135 KB, PDF) Opens in a new window..
4 The CIBC Free Credit Score Service is a feature in the CIBC Mobile Banking App which allows CIBC clients to subscribe to get their credit score from Equifax Canada.
The Equifax credit score is based on Equifax’s proprietary model and may not be the same score used by third parties or by CIBC in certain instances to assess your creditworthiness. The provision of this score to you is intended for your own educational use. Third parties and CIBC will take into consideration other information in addition to a credit score when evaluating your creditworthiness.
You should always get the most up-to-date credit information and credit scores from Equifax Canada to ensure accuracy before making a major financial decision.
5 You will save three cents ($0.03) per litre at the time of your purchase if you present your Journie Rewards card or app and use your linked CIBC card to pay. Available at participating locations on any grade of gasoline or diesel up to 100 litres per transaction. To get the discount, you must be enrolled in and use CIBC Online Banking® or the CIBC Mobile Banking® App to link your eligible CIBC card(s) to Journie Rewards. Card linking may take up to two (2) business days. To participate in this offer, you must have a CIBC debit card or personal credit card issued by CIBC. All Simplii cards are excluded.
Once your Journie Rewards account has reached three hundred (300) Journie Points, you will automatically save an additional seven cents ($0.07) per litre on your next fuel purchase transaction made within 30 days, up to a maximum of 100 litres. Once you pass 300 points, your balance will reset and start counting toward 300 points and your next seven cents ($0.07) fuel discount. For more details, visit journie.ca Opens in a new window..
™ All of Journie Rewards trademarks are owned by Parkland Corporation.
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