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Free $300 for opening CIBC Smart Account with usual requirements

  • Last Updated:
  • May 27th, 2017 8:32 am
[OP]
Deal Addict
Jan 22, 2009
2235 posts
389 upvotes

Free $300 for opening CIBC Smart Account with usual requirements

Deal Link:
Please forgive me if this is a repost.

From CIBC webpage:

Get $300* and enjoy banking as flexible as you are
Hurry, offer ends June 30. Open a CIBC SmartTM Account today!

How to get $300

It only takes a few minutes to open an account.
To qualify for $300:
1.Open a new CIBC Smart™ Account before June 30, 2017.
2.Complete a direct deposit or 2 pre-authorized payments within 3 months.

The Cash Reward is subject to the condition (the “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 for, or send an invoice to the Disqualified Reward Client for, $300 CAD.
Last edited by braveblade on Apr 12th, 2017 6:30 pm, edited 2 times in total.
Thread Summary
Terms & Conditions PDF: https://www.cibc.com/content/dam/person ... 017-en.pdf

If you have a question like "where does it say ..." the answer is "in that PDF". :)

e.g.
- Must hold account open for a year from month-end (so 12.x months).
- Can't be an account holder at start of promo May 1
Etc, etc...
138 replies
Deal Addict
User avatar
Jul 22, 2007
2700 posts
778 upvotes
Calgary
I see no mention of how long the account must be open and whether a restriction for previous promotions.
Sr. Member
User avatar
Aug 10, 2006
548 posts
90 upvotes
shows $150 on the webpage for me in ON
Jr. Member
Apr 5, 2013
117 posts
4 upvotes
Terms and conditions

A transaction includes cheques, withdrawals, transfers, pre-authorized payments, bill payments (including CIBC Credit Cards and CIBC Personal Lines of Credit) and debit purchases. 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. Additional fee(s) apply to withdrawals from non-CIBC bank machines and transactions in foreign currency (including cheques written in currencies other than the account currency).

* To qualify, open a CIBC Smart Account held at a participating CIBC banking centre located within the province of Alberta. Next, within 3 calendar months, set up and complete within the CIBC Smart Account at least one (1) eligible recurring direct deposit OR at least two (2) different eligible recurring pre-authorized debits within the same calendar month and get $300 within 12 to 16 weeks. Offer ends April 28, 2017, and is not open to persons who have or jointly hold a CIBC chequing 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. Other conditions apply; for full details, call us at 1-866-525-8622 or see the Terms and Conditions (PDF, 43 KB)

1 Please see the Personal Account Service Fees brochure available at cibc.com or in-branch for a description of transactions that are included in the CIBC Smart™ Account monthly fee and everyday banking fees for other Personal Bank Accounts and Services.

2 The additional $1.50 service fee has been removed for sending Interac e-Transfers®. Each Interac e-Transfer you send counts as a transaction for calculating your monthly fee.

CIBC Smart™ Account is a trademark of CIBC. CIBC Cube Design and “Banking that fits your life.” are trademarks of CIBC.
Jr. Member
Apr 5, 2013
117 posts
4 upvotes
So to get free $300

1) need a minimum balance of $3000 (to have the monthly fee waived)
2) wait about 12-16 weeks according to t&c
3) and wait 12 months to keep the account open
Last edited by GreenFlagDeal on Apr 12th, 2017 7:09 pm, edited 2 times in total.
[OP]
Deal Addict
Jan 22, 2009
2235 posts
389 upvotes
bkushner wrote:
Apr 12th, 2017 7:03 pm
I see no mention of how long the account must be open and whether a restriction for previous promotions.
I updated it in the post. 1-year as usual.
Deal Addict
User avatar
Jul 22, 2007
2700 posts
778 upvotes
Calgary
Applied and accepted. Guess I keep 3000 in the account for a year.
Newbie
Apr 11, 2017
6 posts
where do you see the condition to keep account open for 12 months?
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Sr. Member
Sep 4, 2007
806 posts
188 upvotes
Edmonton
I already did this last year when they had the same offer. Any restrictions on me doing it again? I'm always on board for 10% ROI risk free.
Deal Addict
User avatar
Jul 22, 2007
2700 posts
778 upvotes
Calgary
frozenmelon wrote:
Apr 12th, 2017 11:40 pm
I already did this last year when they had the same offer. Any restrictions on me doing it again? I'm always on board for 10% ROI risk free.
I see no restriction
Deal Addict
User avatar
Jul 22, 2007
2700 posts
778 upvotes
Calgary
They have a 4.95$ monthly fee option on this account. I may just do that.
Newbie
Apr 18, 2017
8 posts
1 upvote
Saw this on my online banking sign-in, the account is $5.99 a month and apparently they'll give you $300 to make one direct deposit.

Change the deposit account for say, your tax return, which is what I'm doing, and get another $300, cancel the account with no fees.
Newbie
Dec 14, 2016
46 posts
27 upvotes
I see the account details but nothing about the $300. Any advert showing this?
Newbie
Apr 18, 2017
8 posts
1 upvote
hansy24 wrote:
Apr 27th, 2017 12:50 pm
I see the account details but nothing about the $300. Any advert showing this?
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