† 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..
‡ This offer is only available to clients opening their first CIBC eAdvantage® Savings Account (“eSA”). Eligible eSAs will earn a special annual interest rate (the “Special Interest Rate”) on balances up to $1,000,000 for 120 days from the date the eSA is opened (“Special Rate Period”). The Special Interest Rate is a combination of the regular interest rate that applies to your eSA balance tier plus an additional bonus interest rate. Any change to the regular interest rate will result in a corresponding change to the bonus interest rate so that the overall Special Interest Rate will remain the same during the Special Rate Period. Regular interest is calculated daily on each day’s full closing balance and paid monthly to your eSA. Bonus interest is calculated daily on each day’s full closing balance up to a balance limit of $1,000,000 during the Special Rate Period and is paid monthly to your eSA. Both the regular and bonus interest rates are based on the tier your daily closing balance falls within. For current interest rates, visit CIBC Opens in a new window.. Interest rates quoted are annual; regular and bonus rates may change at any time without prior notice. Other conditions apply. For full offer details, review the Terms and Conditions (PDF, 140 KB) Opens in a new window. or visit a CIBC Banking Centre Opens in a new window..
◊ Value of over $1,000 is based on the following, as of March 11, 2024 and assumes the following services are used:
i) $203.40 ($16.95 per month for unlimited transactions) for using a CIBC Smart™ Account;
ii) $289 in annual fees for the CIBC Aventura® Visa* Infinite* Card, which includes a $139 annual fee rebate for the primary cardholder and annual fee rebates for 3 additional authorized users ($50 for each authorized user);
iii) $60 in value based on the inclusion of CIBC Overdraft Protection Service monthly fees ($5 per month); note that interest charges for overdraft amounts and overdraft overlimit fees apply;
iv) $20 in value based on non-CIBC bank machine fees assuming 6 domestic, 1 U.S. and 1 international bank machine withdrawals in one year;
v) $77.79 for an order of 100 duplicate cheques in Ontario per year;
vi) $9.95 for 1 bank draft per year;
vii) $9.95 for 1 money order per year;
viii) $25 for 2 stop payments per year;
ix) $12 for CIBC Mutual Funds RRSP annual administration fee
1 A transaction includes cheques, withdrawals, transfers, pre-authorized payments, bill payments (including CIBC Credit Cards and CIBC Personal Lines of Credit) and debit purchases. For CIBC eAdvantage Savings Accounts, a transaction does not include transfers to your other CIBC personal bank account(s) and to your CIBC Personal Line(s) of Credit (except Interac e-Transfer service which will be treated as a transaction) and transfers to your CIBC Credit Card account(s). For all accounts, transfers to CIBC-branded loans (excluding CIBC Personal Lines of Credit), mortgages and investments (registered and non-registered) are free. “CIBC-branded” means any brand that has CIBC in its name. Other fees (in addition to any transaction fee) include: withdrawals from non-CIBC bank machines (for CIBC Smart Plus Accounts, the fee for all non-CIBC ATM withdrawals in Canada, the U.S. and internationally is rebated each month; for CIBC Smart Accounts and for clients enrolled in CIBC Smart Start or CIBC Smart for Students, the fee for 1 non-CIBC ATM withdrawal made in Canada is rebated each month), Interac e-Transfer® transactions (the Interac e-Transfer fee is waived for CIBC Smart Accounts, CIBC Smart Plus Accounts and for clients who are enrolled in CIBC Smart Start, CIBC Premium Growth Account with CIBC Advantage for Youth, CIBC Smart for Students, and CIBC Advantage for Students on the CIBC Everyday Chequing Account; clients 65 years of age and older do not pay the Interac e-Transfer fee on any CIBC chequing account) and foreign currency transactions (including cheques written in currencies other than the account currency).
2 The additional $1.50 service fee is waived for sending Interac e-Transfer transactions. Maximum dollar amount applies for Interac e-Transfer transactions. For details, review the CIBC Interac e-Transfer Terms and Conditions (PDF, 190 KB) Opens in a new window..
3 If you get a CIBC Smart Plus Account, you’ll receive an annual fee rebate of up to $139 on a premium CIBC credit card for the primary cardholder and an annual fee rebate of up to $50 for up to 3 additional authorized users. Existing eligible CIBC credit card holders who have already paid the annual fee at the time the CIBC Smart Plus Account was opened will be provided a pro-rated rebate credit. The rebate is also available for credit card holders with the following CIBC credit cards no longer available for new clients: CIBC Aventura® World Mastercard®, CIBC Aventura World Elite® Mastercard, CIBC Aventura Mastercard ($99), CIBC Aerogold® Visa* and CIBC Gold Visa* Card. Other terms and conditions apply. For details, review the CIBC Smart Plus Credit Card Annual Fee Rebate Terms and Conditions (PDF, 85 KB) Opens in a new window..
4 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 aren’t included in this feature and will be charged to your account. ATM withdrawal amounts may be limited to a maximum dollar withdrawal amount.
5 If you apply for and are approved for CIBC Overdraft Protection Service (COPS), the COPS fee isn’t applicable, however you’ll pay interest on any overdraft amount on your account and overlimit fees if applicable. COPS is available on select CIBC personal bank accounts for clients who meet CIBC’s standard credit criteria.
6 Excludes stop payments on pre-authorized debits and recurring payments set up using CIBC Advantage Card details. To stop payment on these, you need to contact the merchant, biller or payee directly to instruct them to discontinue applying charges to your account(s) through your CIBC Advantage Card. If you’re unsuccessful in resolving the issue, CIBC may be able to work with Visa to request a refund for you.
7 Saving the monthly fee of $29.95 for the CIBC Smart Plus Account is based on maintaining a minimum daily account balance of $6,000 or eligible Savings and Investments of $100,000. Other terms and conditions apply. For details, review the CIBC Smart Plus Account Fee Rebate Terms and Conditions (PDF, 115 KB) Opens in a new window..
8 Visa* Debit transactions are any transactions which can be done online, by phone or by mail at participating retailers or at stores in the U.S. and internationally wherever Visa is accepted.
9 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. Please visit cibc.com/journie for full program terms and conditions.
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, up to a maximum of 100 litres. Such fuel purchase must be made within 30 days, or the discount will expire. Once you pass 300 points, your balance will reset and start counting toward 300 points and your next Fuel Discount. Visit journie.ca Opens in a new window. for more details.
Participating locations include select retail Chevron, Pioneer or Ultramar branded gas stations in Canada. For a full list of participating stations, visit Journie Rewards Opens in a new window..
™ All of Journie Rewards trademarks are owned by Parkland Corporation.
™ All of Pioneer’s trademarks are owned by Parkland Fuel Corporation.
™ Ultramar is a registered trademark of Valero Energy Inc., used under license.
CHEVRON is a registered trademark of Chevron Intellectual Property LLC, used under license.
10 All Paymi rewards are provided by Paymi and not CIBC. Paymi terms and conditions apply, visit www.paymi.com Opens in a new window.. Paymi cash back rewards can only be earned on eligible cards and offer related purchases with the payment card(s) linked to your Paymi.com account, or by clicking through the link to a merchant website as directed in Paymi’s member offer web and app pages. Read the information on all offers in Paymi’s member offer web and app pages for full details on cash back eligibility. Eligible card details found at www.cibc.com/en/special-offers/paymi.html. Offer related purchases are purchases made in response to a merchant offer made to you via the Paymi platform. The purchases must be made within the offer period specified on Paymi’s member offer web and app pages to be eligible for cash rewards. Offers expire at midnight on the offer end date specified. If an offer related purchase is canceled or returned for a full refund, the Paymi.com incentive rewarded will be deducted. If a portion of the offer related purchase is returned, the Paymi.com incentive awarded will be reduced proportionately in relation to the return amount of the purchase. Redemption of the cash back rewards is facilitated through Paymi.com through Interac e-Transfer.
Paymi is owned and operated by Integrated Rewards Inc.
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