The Canadian Imperial Bank of Commerce will give you up to $400 in bonus cash when you open a new CIBC Smart Account by September 9, 2016.
You’ll get $300 when you open a new CIBC Smart Account and complete a direct deposit OR 2 pre-authorized payments within 3 months.
You’ll get another $100 when you also apply for a premium CIBC credit card and get approved within 3 months.
Qualifying for Canadian Imperial Bank of Commerce
CIBC has over 1,100 branches across Canada offering banking services to residents throughout Canada.
This offer is only open to Canadian residents who have reached the age of majority, and who are not holders or joint holders of a CIBC chequing account.
Persons who are already primary cardholders of a CIBC credit card are not eligible for the $100 cash reward.
CIBC Smart Account $300 Bonus
To qualify for $300: you must open a CIBC Smart Account, and within 3 calendar months, you must set up and complete at least 1 eligible recurring direct deposit OR at least 2 different eligible recurring pre-authorized debits within the same calendar month.
Your monthly fee for the CIBC Smart Account is completely waived when you keep a minimum daily balance of $3,000 and you make a recurring direct deposit or 2 pre-authorized payments each month.
Otherwise, your monthly fee starts at $4.95 and is capped at $14.95.
CIBC Credit Card $100 Bonus
To qualify for an additional $100: you must complete the requirements to qualify for $300; apply for either a CIBC Aventura Visa Infinite Card, CIBC Aventura Gold Visa Card, CIBC Aerogold Visa Infinite Card, CIBC Dividend Visa Infinite Card, or CIBC Dividend Platinum Visa Card; and the card must be approved within 3 calendar months of opening the CIBC Smart Account.
This offer cannot be combined with any other offer, reward or rebate, except the CIBC Homeowner Banking Bundle or the CIBC Smart Account fee waiver.
Canadian residents may also be interested in this Tangerine Account Bonus for more banking rewards in Canada.