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[CIBC] $50 gift card by looking at your investments - 3 locations in GTA only

  • Last Updated:
  • Nov 20th, 2017 12:04 pm
Sr. Member
Oct 25, 2007
553 posts
60 upvotes
Mississauga
it looks like its not applicable to existing customers who already have their mutual funds. can any one confirm
Member
Jun 3, 2007
414 posts
65 upvotes
Scarborough
didi love wrote:
Oct 28th, 2017 12:08 pm
Will they check your driver's license information and confirm the address on the $20,000 statement?
Did they check id? Thanks in advance.
Mine wasn't checked,I guess it depends on who you talk to.
Deal Addict
User avatar
Mar 31, 2017
1467 posts
443 upvotes
They check your driver's license against the name of the statement, and also the amount in cash/funds/stocks. The statement can be something you printed out from your online account, and they don't mind if you black out the account number. Don't just blindly hand over your license or allow them to open up a file for you or all your info goes into that, unless you want to open an account. Don't let them keep the statement.

The eglinton location doesn't have free parking in the back but has free parking on the streets near it.
Newbie
May 13, 2013
27 posts
11 upvotes
Toronto
Here's my trip report:

They provide you a pre-paid visa card after your discussion with the advisor.

Although it doesn't say on the promotion, they did want a copy of the summary of your statement for audit purposes. I didn't push too hard on this since I understood and crossed off my personal account number, but feel like you could decline if you were very sensitive to privacy concerns.

All in all, this is a fair promo for 30 mins of your time, or potentially less if you cut to the chase. None of the funds were that attractive at a glance, compared to Vanguard/Blackrock index funds, and I'm still under the opinion that their advisory services are for those who do not want to manage their investments at all or with no knowledge. Thanks for sharing though!
Deal Addict
Jul 21, 2005
1046 posts
125 upvotes
GCSaves wrote:
Nov 2nd, 2017 7:33 pm
Here's my trip report:

They provide you a pre-paid visa card after your discussion with the advisor.

Although it doesn't say on the promotion, they did want a copy of the summary of your statement for audit purposes. I didn't push too hard on this since I understood and crossed off my personal account number, but feel like you could decline if you were very sensitive to privacy concerns.

All in all, this is a fair promo for 30 mins of your time, or potentially less if you cut to the chase. None of the funds were that attractive at a glance, compared to Vanguard/Blackrock index funds, and I'm still under the opinion that their advisory services are for those who do not want to manage their investments at all or with no knowledge. Thanks for sharing though!
Sure they can say they need a copy for "audit purposes" but the terms and conditions clearly say that they will not retain any statements so, for anyone else out there, I think you could push back.
If anything, I would do what you did and black out the account #, maybe your address and even the name of your holdings when you hand it to them.
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Last edited by Warped on Nov 3rd, 2017 10:31 am, edited 1 time in total.
Newbie
Sep 24, 2012
27 posts
12 upvotes
I went to the Eglinton location branch. They did ask to look at the statement but did not ask to keep the statement. I am in and out of CIBC within 15 minutes.
Hope this will help the future goers.
Sr. Member
Mar 17, 2006
555 posts
64 upvotes
Markham
At the Front street location they photocopied my investment statement.

I told them what mortgage rate I had. They checked what they're offering, and said I had a better rate. Got the gift card and left.
Newbie
May 13, 2013
27 posts
11 upvotes
Toronto
There was no address or holding information, simply the sum of the investment accounts. Yeah, what they did contradicted the legalese.
Sr. Member
User avatar
Dec 16, 2015
710 posts
302 upvotes
Canada
crazyqqq wrote:
Oct 23rd, 2017 10:53 pm
It pays to take a second look at your investments

Bring in your investment statement from another bank showing a minimum of $20,000 and meet with a CIBC advisor. As a thank you, we will give you a $50 gift card.*

* LIMITED TIME OFFER. WHILE SUPPLIES LAST. OFFER MAY BE WITHDRAWN OR CHANGED WITHOUT NOTICE AT ANY TIME BEFORE THE ABOVE DATE. The $50 gift card will be determined by CIBC and is available to people who bring in their eligible investment statement(s) bearing their name from another financial institution, and meet with a CIBC advisor for a complimentary net worth review and a retirement and/or investment plan by the offer date of November 30, 2017. Participants may need to schedule a formal appointment to speak with a CIBC advisor. The investment statement(s) must show a minimum of $20,000 in registered or non-registered investable assets outside of CIBC or CIBC subsidiaries. Investable assets are defined by investments in publicly traded stocks, bonds, mutual funds and Guaranteed Investment Certificates or cash. This offer is not eligible for existing CIBC investment statement(s). No substitution permitted. Limit one gift card per household. CIBC will not retain the original or any copies of individual’s investment statement(s). Offer is not open to CIBC employees or family members domiciled with them or minors. This offer cannot be combined with any other offers.

** Offer only available at the following locations:
CIBC Front and Parliament Banking Centre, 230 Front St. E., Toronto, ON, M5A 1E7;
CIBC Eglinton and Avenue Banking Centre, Unit #4 – 333 Eglinton Avenue W., Toronto, ON, M5N 1A1;
CIBC Port Credit Banking Centre, 101 – 31 Lakeshore Road E., Mississauga, ON, L5G 4V5.


https://www.cibc.com/en/special-offers/ ... -8362.html?
What if I only have 20,000 bitcoins?
Jr. Member
Jul 23, 2007
103 posts
21 upvotes
York
Did they check Id and address at the Eglinton location?
They say one card per household. Did couple each get one $50 card?

Sidetrack: Does anyone know if the CIBC Aeroplan visa has free annual fee promo?
Jennifer108 wrote:
Nov 3rd, 2017 11:28 am
I went to the Eglinton location branch. They did ask to look at the statement but did not ask to keep the statement. I am in and out of CIBC within 15 minutes.
Hope this will help the future goers.
Deal Addict
User avatar
Mar 31, 2017
1467 posts
443 upvotes
didi love wrote:
Nov 3rd, 2017 8:18 pm
Did they check Id and address at the Eglinton location?
They say one card per household. Did couple each get one $50 card?

Sidetrack: Does anyone know if the CIBC Aeroplan visa has free annual fee promo?
They checked the ID. But you can just wave the id briefly in their face and they'll just check the name. Don't give them your id card or they'll start searching the address in their database.
Deal Addict
Nov 8, 2004
1951 posts
54 upvotes
I went to the Front and Parliament location -- it seems like they're trying to push mutual fund accounts. I wasn't really interested in that. We did look at mortgage rates and some other banking products that was about it. I think I could have been out of there in 15-20 mins if I didn't bother looking at the other stuff. They kept a copy of my investment statement but I had removed my name and account number... they said it was for audit purposes. Got my GC and that was that... it was pretty easy. Thanks OP!
Deal Addict
Feb 27, 2013
1280 posts
355 upvotes
Toronto
Went to front and parliament location today. They informed me via email before my appointment that they ran out of 50$ visa cards but instead they are offering $50 Canadian tire card. Not a big deal for me still went. Talked about mutual funds no hard selling.
Deal Addict
Jul 21, 2005
1046 posts
125 upvotes
XSnapSX wrote:
Nov 9th, 2017 7:22 pm
Went to front and parliament location today. They informed me via email before my appointment that they ran out of 50$ visa cards but instead they are offering $50 Canadian tire card. Not a big deal for me still went. Talked about mutual funds no hard selling.
Exact same experience at front and parliament.
They kept a copy of my investment statement - but I took out sensitive information such as address and account number.
Newbie
May 8, 2017
11 posts
2 upvotes
Redsanta wrote:
Nov 3rd, 2017 6:18 pm
What if I only have 20,000 bitcoins?
Dude that would make you billionaire if u had that many

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