Expired Hot Deals

[CIBC] Free $300 when you open CIBC Smart Account

  • Last Updated:
  • Jun 14th, 2019 2:29 pm
[OP]
Member
Nov 13, 2016
299 posts
387 upvotes

[CIBC] Free $300 when you open CIBC Smart Account

Here's how to earn $300*:

Step 1
Open a CIBC Smart Account and provide your email address before June 30.
Step 2
Complete a direct deposit or 2 pre-authorized payments within 3 months.


2. ELIGIBILITY:
This Offer is only open to residents of Canada who: (i) have reached the age of majority; and; (ii) at the
beginning of the Offer Period, were not a holder (or joint holder) of a CIBC chequing account, as determined by
CIBC at its sole discretion on the basis of its official records 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. This Offer cannot be combined with any other offer, reward or rebate. However,
individuals who open a CIBC Smart Account (the “Eligible Chequing Account”) who qualify for the CIBC
Homeowner®
Banking Bundle or the CIBC Smart Account fee waiver will also still qualify for this Offer.
Individuals who meet the foregoing eligibility requirements and otherwise comply with these Terms, as
determined by CIBC at its sole discretion, may be referred to as “Eligible Clients”.


OFFER FULFILLMENT AND CONDITIONS:
If an Eligible Client qualifies to receive the Cash Reward, such Cash Reward will be directly credited to his/her
Eligible Chequing Account (which must remain open and active) within twelve to sixteen (12-16) weeks of
completing the applicable requirements as provided herein. The Cash Reward must be accepted as awarded
and is not transferable or assignable. The Cash Reward is subject to the Cash Reward Condition set out below.
No Cash Reward substitutions will be permitted.
Last edited by slampii on Jul 9th, 2018 12:20 am, edited 2 times in total.
537 replies
Deal Addict
Nov 12, 2015
3441 posts
3889 upvotes
† Transactions are withdrawals from your account done in-branch, via an ABM or electronically including bill payments, cash withdrawals, transfers, debit purchases, pre-authorized payments and cheques. Deposits into your account are free.

* Offer begins on May 1, 2018 at 12:01 a.m. (ET) and ends on June 30, 2018 at 11:59 p.m (ET). Offer 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. To qualify, open a CIBC Smart™ Account and provide a valid email address. Next, within 3 calendar months, you must 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. Offer cannot be combined with any other offer, reward or rebate except the CIBC Homeowner® Banking Bundle or the CIBC Smart™ Account fee waiver. The cash reward will be deposited into your CIBC Smart Account within 12-16 weeks of your completion of the required transactions. Other conditions apply. For full offer details, visit a CIBC Banking Centre or review the Terms and conditions (PDF, 110 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 an Interac e-Transfer® transaction. Each time you send money with Interac e-Transfer service, this counts as a transaction towards calculating your monthly fee.

CIBC Smart™ Account is a trademark of CIBC. CIBC Cube Design & “Banking that fits your life.” are trademarks are CIBC.
Stay strong, situation always looks harder and that it will never end when you are in the middle of it, but remember past experiences, everything has an ending.
Deal Addict
Nov 12, 2015
3441 posts
3889 upvotes
Your monthly fee starts at $4.95 and is capped at $14.95. Plus, your monthly fee is waived if you maintain a minimum end-of-day balance of $3,000 each day and a recurring direct deposit or two pre-authorized payments each month.
Stay strong, situation always looks harder and that it will never end when you are in the middle of it, but remember past experiences, everything has an ending.
Deal Addict
Apr 13, 2005
1295 posts
1284 upvotes
Markham, ON
Next, within 3 calendar months, you must 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.
The cash reward will be deposited into your CIBC Smart Account within 12-16 weeks of your completion of the required transactions.
How long will it take for the direct debit or direct deposit to be setup? Usually a full billing/ pay cycle..
So we are looking around almost 5 months.
FIDO, Freedom Mobile, Koodo, Public Mobile, TELUS customer.
Deal Addict
Dec 25, 2013
1030 posts
639 upvotes
Toronto
So people who did this in the past and closed their account are eligible to do it again correct?
Deal Fanatic
User avatar
Jan 31, 2006
7296 posts
1881 upvotes
Toronto
2. ELIGIBILITY:
This Offer is only open to residents of Canada who: (i) have reached the age of majority; and; (ii) at the
beginning of the Offer Period, were not a holder (or joint holder) of a CIBC chequing account, as determined by
CIBC at its sole discretion on the basis of its official records 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. This Offer cannot be combined with any other offer, reward or rebate. However,
individuals who open a CIBC Smart Account (the “Eligible Chequing Account”) who qualify for the CIBC
Homeowner®
Banking Bundle or the CIBC Smart Account fee waiver will also still qualify for this Offer.
Individuals who meet the foregoing eligibility requirements and otherwise comply with these Terms, as
determined by CIBC at its sole discretion, may be referred to as “Eligible Clients”.
Deal Fanatic
User avatar
Jan 31, 2006
7296 posts
1881 upvotes
Toronto
Ychanceit wrote: So people who did this in the past and closed their account are eligible to do it again correct?
See post #6, Goodbye CIBC $300
Deal Addict
Dec 25, 2013
1030 posts
639 upvotes
Toronto
:(

quote=cgtlky post_id=29277244 time=1525199898 user_id=38909]
2. ELIGIBILITY:
This Offer is only open to residents of Canada who: (i) have reached the age of majority; and; (ii) at the
beginning of the Offer Period, were not a holder (or joint holder) of a CIBC chequing account, as determined by
CIBC at its sole discretion on the basis of its official records 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. This Offer cannot be combined with any other offer, reward or rebate. However,
individuals who open a CIBC Smart Account (the “Eligible Chequing Account”) who qualify for the CIBC
Homeowner®
Banking Bundle or the CIBC Smart Account fee waiver will also still qualify for this Offer.
Individuals who meet the foregoing eligibility requirements and otherwise comply with these Terms, as
determined by CIBC at its sole discretion, may be referred to as “Eligible Clients”.
[/quote]
Deal Fanatic
User avatar
Jan 31, 2006
7296 posts
1881 upvotes
Toronto
slampii wrote: Better than their promotion last year when you had to keep the account open for 12 months.
Please add the eligibility from post #6, I got it from CIBC website term and condition PDF file
Member
User avatar
Jun 21, 2017
346 posts
377 upvotes
Ontario
slampii wrote: Better than their promotion last year when you had to keep the account open for 12 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.
Deal Addict
Dec 25, 2013
1030 posts
639 upvotes
Toronto
I guess the bank's have caught on disallowing previous users of promos seems to be common with the new wave of promos
Deal Addict
Dec 4, 2008
1752 posts
1333 upvotes
I don't see a mention of a minimum term to keep account opened.

So timeline looks like: Open account --> complete DD/2x pre-auth in a day --> wait up to 4 months ($4.95/month fee * 4 = $19.80) --> close account?

Net gain = $300 - ($4.95 * 4) = $280.20 for investing a negligible amount?

This is a pretty nice deal if that's the case.
Deal Expert
May 30, 2005
45843 posts
6343 upvotes
Richmond Hill
sports1 wrote: I don't see a mention of a minimum term to keep account opened.

So timeline looks like: Open account --> complete DD/2x pre-auth in a day --> wait up to 4 months ($4.95/month fee * 4 = $19.80) --> close account?

Net gain = $300 - ($4.95 * 4) = $280.20 for investing a negligible amount?

This is a pretty nice deal if that's the case.
As per the previous promos...
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.
Deal Addict
Dec 13, 2010
2105 posts
999 upvotes
ON
Wow, so even if you have done this in 2015 you are out.
I did it in 2016. Looks like I may be eligible in 2020.
Member
Jan 24, 2014
201 posts
40 upvotes
Does anyone know if we have to go into a branch to confirm our identity? Didn't need to for ATB last year when they had their promo
Newbie
Sep 11, 2017
28 posts
4 upvotes
Anyone know if a PAD from TING counts as a recurring direct deposit? Also, is there a credit hit?
Member
User avatar
Jun 21, 2017
346 posts
377 upvotes
Ontario
spankypants wrote: Does anyone know if we have to go into a branch to confirm our identity? Didn't need to for ATB last year when they had their promo
I didn't need to go in branch to verify. Just received this email

...

We have received your online application and were able to open your CIBC Deposit Account. You will receive your Access Card in the mail and can begin using your account immediately.

Upon receiving your Access Card, visit CIBC Online Banking® for 24/7 access to your account.


Thank you for choosing CIBC.

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