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Get $400 for opening a cibc business account

  • Last Updated:
  • Aug 14th, 2022 11:40 pm
[OP]
Newbie
Aug 27, 2021
71 posts
67 upvotes

[CIBC] Get $400 for opening a cibc business account

Account only needs to stay open for 3 month.

Did anyone do this?
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Last edited by BacktoCanada2015 on Jun 26th, 2022 12:02 am, edited 1 time in total.
269 replies
Sr. Member
Jul 19, 2014
550 posts
654 upvotes
Vancouver, BC
BacktoCanada2015 wrote: Account only needs to stay open for 3 month.

Did anyone do this?
Do you have a link or photo of the flyer/source?
Sr. Member
Jun 16, 2007
886 posts
672 upvotes
$65 monthly fee if you don’t maintain $45,000 daily in the account.
Sr. Member
Jul 19, 2014
550 posts
654 upvotes
Vancouver, BC
Furtive wrote: $65 monthly fee if you don’t maintain $45,000 daily in the account.
How do they expect you to do that when it only includes depositing $1,000 in coins each month?
Deal Addict
Sep 3, 2005
2285 posts
654 upvotes
Toronto
redfd123 wrote: How do they expect you to do that when it only includes depositing $1,000 in coins each month?
Coins? What business are you running?
Sr. Member
Jul 19, 2014
550 posts
654 upvotes
Vancouver, BC
spy cl wrote: Coins? What business are you running?
Where do you think all those coins go after the tooth fairy puts them under each kid's pillow?
Sr. Member
User avatar
Oct 18, 2012
570 posts
692 upvotes
Montréal
Furtive wrote: $65 monthly fee if you don’t maintain $45,000 daily in the account.
It looks this promotion also works with Basic Business Operating Account which is $6 Monthly
Sr. Member
Dec 26, 2017
726 posts
545 upvotes
O I don't get it ? 400$ just open an account ? Whats the conditions ?
Deal Addict
Jun 8, 2007
1017 posts
385 upvotes
Mississauga
Or, you know, open the business account that costs $6 per month and leave it open for three months.
Deal Addict
Jul 8, 2019
1023 posts
1004 upvotes
Does opening a business account for your one person incorporation, hit your personal credit score as a director?
Jr. Member
Nov 23, 2011
142 posts
146 upvotes
DOLLARD-DES-ORMEAUX
darkhorz1 wrote: Does opening a business account for your one person incorporation, hit your personal credit score as a director?
I wouldn’t think so. I just provided my incorporation docs when opening the account. Granted, I have a personal history with them, so the setup was easy.

Anyone know if this works for existing customers if you open a second business account? I assume not Disappointed Face
Deal Addict
Jun 8, 2007
1017 posts
385 upvotes
Mississauga
darkhorz1 wrote: Does opening a business account for your one person incorporation, hit your personal credit score as a director?
Online application process required a credit check.

Worth it for ~$380 IMO.
[OP]
Newbie
Aug 27, 2021
71 posts
67 upvotes
redfd123 wrote: How do they expect you to do that when it only includes depositing $1,000 in coins each month?
You can open a basic operating account fot 6 dollar a month
[OP]
Newbie
Aug 27, 2021
71 posts
67 upvotes
Dealfinder12 wrote: I wouldn’t think so. I just provided my incorporation docs when opening the account. Granted, I have a personal history with them, so the setup was easy.

Anyone know if this works for existing customers if you open a second business account? I assume not Disappointed Face
No. It needs to be your first business account with them
[OP]
Newbie
Aug 27, 2021
71 posts
67 upvotes
Benzat17 wrote: O I don't get it ? 400$ just open an account ? Whats the conditions ?
Only condition is to leave the account open for 3 month and it has to be your first business account with them.
They seem desperate because their business banking fees are high compared to for example bmo or rbc
Sr. Member
Dec 20, 2010
986 posts
1443 upvotes
Toronto
Going to be that guy, do you need a business to open an account?

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