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[CIBC] [BC Only] Get $150 when you open a CIBC Smart Account online

  • Last Updated:
  • Jan 31st, 2018 9:57 pm
[OP]
Newbie
User avatar
May 1, 2017
22 posts
64 upvotes

[CIBC] [BC Only] Get $150 when you open a CIBC Smart Account online

You get $150 when you open the CIBC Smart Account (chequing) online or with the app.

Conditions:
- For new CIBC chequing account holders
- BC residents only
- Account must remain open, active and unconverted for at least one (1) calendar year
- Need to complete a direct deposit or 2 pre-authorized payments within 3 months

Account has 4.95 monthly fee if you do upto 12 transactions. Once you've made 20 transactions, your fee is capped at 14.95$. Also has unlimited Interac e-Transfer transactions.
To waive monthly fee maintain daily balance of $3,000 , and make a recurring direct deposit or 2 pre-authorized payments each month.

Valid until January 31, 2018.
See full terms and conditions.
Last edited by simrans on Dec 1st, 2017 12:10 pm, edited 2 times in total.
13 replies
Sr. Member
Dec 28, 2007
688 posts
196 upvotes
Note that the account needs to be kept open for a year, otherwise they may come after you for the $150.

From the terms and conditions:
The Cash Reward is subject to the condition (the “Cash
Reward Condition”) that the Eligible Client’s Chequing Account must remain open, active and unconverted for
at least one (1) calendar year from the month-end of the month during which the Account was opened. Failing
this, such Eligible Client (a “Disqualified Reward Client”) will not qualify for the Cash Reward. If the Cash
Reward has already been provided to a Disqualified Reward Client, CIBC reserves the right, in its sole and
absolute discretion, to charge the client’s Chequing Account or other CIBC account for, or send an invoice to
the Disqualified Reward Client for, $150 CAD.
[OP]
Newbie
User avatar
May 1, 2017
22 posts
64 upvotes
Thanks for pointing that out. I updated the post
Deal Addict
Mar 15, 2005
1314 posts
138 upvotes
How new of a customer? I had an account with them 10 years ago
Sr. Member
User avatar
Feb 20, 2004
862 posts
290 upvotes
Anyone know if it's a soft check vs hard credit check?
[OP]
Newbie
User avatar
May 1, 2017
22 posts
64 upvotes
story wrote:
Dec 1st, 2017 2:38 pm
How new of a customer? I had an account with them 10 years ago
I guess you are eligible as per ELIGIBILITY:

This Offer is only open to residents of Canada who: (i) have reached the age of majority; (ii) at the beginning
of the Offer Period, were not a holder (or joint holder) of a CIBC chequing account
; and; (iii) have not
previously received or benefited from a CIBC chequing account cash or other promotional offer from 2015 to
present time, as determined by CIBC at its sole discretion on the basis of its official records. CIBC employees
and retired employees are not eligible for the Offer.
Jr. Member
User avatar
Oct 25, 2014
124 posts
38 upvotes
Boswell, BC
Excludes those of us that "previously received or benefited from a CIBC chequing account cash or other promotional offer from 2015 to present time".
Deal Addict
Mar 15, 2005
1314 posts
138 upvotes
simrans wrote:
Dec 1st, 2017 2:44 pm
I guess you are eligible as per ELIGIBILITY:

This Offer is only open to residents of Canada who: (i) have reached the age of majority; (ii) at the beginning
of the Offer Period, were not a holder (or joint holder) of a CIBC chequing account
; and; (iii) have not
previously received or benefited from a CIBC chequing account cash or other promotional offer from 2015 to
present time, as determined by CIBC at its sole discretion on the basis of its official records. CIBC employees
and retired employees are not eligible for the Offer.
Perfect. I am keeping $5000 in a TD account I don't use to avoid fees.
Deal Addict
Jun 28, 2013
2290 posts
753 upvotes
YUL/YVR
story wrote:
Dec 1st, 2017 4:45 pm
Perfect. I am keeping $5000 in a TD account I don't use to avoid fees.
What a wasted opportunity.
Jr. Member
Dec 9, 2001
101 posts
5 upvotes
Vancouver
I'm an existing CIBC customer that was forced to "upgrade" to this account because of fees, but I was wondering if...

I can set up 2x Tangerine PAD's per month, or do they have to be two PAD's from different places to waive the fees?
Newbie
Aug 19, 2015
36 posts
26 upvotes
Montreal, QC
ShocWave wrote:
Dec 30th, 2017 11:34 pm
I'm an existing CIBC customer that was forced to "upgrade" to this account because of fees, but I was wondering if...

I can set up 2x Tangerine PAD's per month, or do they have to be two PAD's from different places to waive the fees?
I am interested as well! If I withdraw money from CIBC to Tangerine using Tangerine's EFT, will it be considered as a PAD?

Thanks!

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