Get up to $400† with a CIBC Smart™ Account

Maintain for a year? Not worth it.

For newcomers it is worth as they'll be getting same welcome bonus plus one year no free chequing account.

(semi related)

I like the CIBC android app, faster than the TD one.

Anyway,
I still can't add my CIBC CC to my Samsung Pay (phone or watch), or Google Pay (watch). I was able to add to google pay phone app via CIBC app because the CIBC app itself does the verification, but when I tried to add to Samsung Pay, the only verification method is "Call Bank" instead of "Text or call or call bank" like other cards. When I tried to "call bank", they had no idea what it was about, and suggested I contact Samsung/Google (after listening to 7 - 10min of music I didnt enjoy).

CC is definitely activated because it has been used in stores. Only thing I can think of is this is my first CIBC card / account.

Did other people have to call bank to add to Samsung Pay? can't seem to find the answers online...

Thanks in advance.

Do Tangerine pre-authorized pulls count?

Can you just transfer money from another bank via "direct deposit" ? instead of doing paycheque

hoob wrote: ↑ Maintain for a year? Not worth it.

Pretty standard for these banking offers. I did this one last year when it was 'only' $300. Maintain minimum balance so you aren't charged a monthly fee

Looking at it from an investment standpoint, you are earning around 10% interest on your 4k deposit for the year. There are no HISA or GIC rates that good out there

GammaRayFort wrote: ↑ (semi related)

I like the CIBC android app, faster than the TD one.

Anyway,
I still can't add my CIBC CC to my Samsung Pay (phone or watch), or Google Pay (watch). I was able to add to google pay phone app via CIBC app because the CIBC app itself does the verification, but when I tried to add to Samsung Pay, the only verification method is "Call Bank" instead of "Text or call or call bank" like other cards. When I tried to "call bank", they had no idea what it was about, and suggested I contact Samsung/Google (after listening to 7 - 10min of music I didnt enjoy).

CC is definitely activated because it has been used in stores. Only thing I can think of is this is my first CIBC card / account.

Did other people have to call bank to add to Samsung Pay? can't seem to find the answers online...

Thanks in advance.

This is weird, i never had issue with adding CIBC cards to either. More weird part is that you called and they had no idea, because when it says call bank it means call them and they have a warning on their system saying X is calling to verify their samsung pay and they can verify you. Happened to me with US credit card once and I was able to call and get verified in 2minutes.

crazyb0y wrote: ↑ This is weird, i never had issue with adding CIBC cards to either. More weird part is that you called and they had no idea, because when it says call bank it means call them and they have a warning on their system saying X is calling to verify their samsung pay and they can verify you. Happened to me with US credit card once and I was able to call and get verified in 2minutes.

Did you have the option to "Text" to verify on Samsung Pay other than "Call Bank"?


thanks for the info.

GammaRayFort wrote: ↑ Did you have the option to "Text" to verify on Samsung Pay other than "Call Bank"?


thanks for the info.

Yes always , maybe your phone number is not well put in your profile? Only CIBC can fix this to be honest, calling samsung pay would be a waste of time

crazyb0y wrote: ↑ Yes always , maybe your phone number is not well put in your profile? Only CIBC can fix this to be honest, calling samsung pay would be a waste of time

I also see this on CIBC web :

To use Samsung Pay:
An eligible CIBC credit, prepaid or debit card
Any personal CIBC Visa* credit card or prepaid card (excluding CIBC Corporate cards)

Do you mind me asking if you have CIBC Mastercard on Samsung Pay? mine is the costco MC.

I have had a cibc account in the past. Am not able to find out when I closed it. Does any one know if there is a way to find when an account was closed? Not sure if the call center would be able to look this up.

GammaRayFort wrote: ↑Can you just transfer money from another bank via "direct deposit" ? instead of doing paycheque

intuitively it is a no; other direct deposits i could think of are the benefits from cra but im not sure if they do count (why wouldnt they?)

Rfd1982 wrote: ↑ I have had a cibc account in the past. Am not able to find out when I closed it. Does any one know if there is a way to find when an account was closed? Not sure if the call center would be able to look this up.

same lol, but i was able to find out when i opened one and expect that i closed it a year later...
the telephone CSRs cannot veryfiy this BTW, they told me to visit a branch and ask. but i think he was just lazy or didnt know how to check, it should be on their system universally...

Opened my account in September 2021 and still waiting for the bonus to be credited. The rep I talked to last month said it should come by April end but haven't got any yet. The waiting part is what kills the excitement.

Full Terms:

https://www.cibc.com/content/dam/cibc-p ... 022-en.pdf

Must keep $4,000 in there at all times to avoid monthly fees and must keep the DD going for a year.

Offer period
The $400 Offer for the CIBC SmartTM Account and CIBC Smart Plus Account (the “Offer”) begins on April 30, 2022 at
12:01 a.m. (ET) and ends on January 31, 2023 at 9:00 p.m. (ET) (the “Offer Period”). The Offer consists of up to a
$400 Cash Reward (the “Cash Reward”) for opening and using a new CIBC Smart™ Account or CIBC Smart™
Plus Account (each an “Account”). This Offer is made by Canadian Imperial Bank of Commerce (“CIBC”).

Eligibility
This Offer is only open to residents of Canada who: (i) are age 25 and older for clients opening a CIBC Smart Account
or have reached the age of majority for clients opening a CIBC Smart Plus Account; and (ii) from 2019 to the time of
opening the Account, 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. CIBC employees and retired employees are not eligible for the Offer.
This Offer can be combined with the CIBC Smart Account Fee Rebate Welcome Offer or the CIBC Smart Plus
Account Fee Rebate. Unless otherwise indicated, this Offer cannot be combined with any other chequing account
offer, rebate, reward, or the CIBC Smart Start or CIBC Smart for Students benefit on the CIBC Smart Account.
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 Client(s)”. For joint accounts, all accountholders must be
Eligible Clients at the time of opening the Account.

Offer requirements
To qualify to receive a $350 Cash Reward, you must complete the steps below:
Step 1: Open an Account during the Offer Period.
For Accounts opened through Telephone Banking, we may ask you to visit a CIBC banking centre to provide your
signature to finish opening the Account, in which case you must do this within 7 days of opening your Account and
before the end of the Offer Period.
Step 2: Provide a valid email address for any one of the accountholders at the time of opening the Account if one has
not already been provided. The email address must remain on file and valid for at least one (1) year.
Step 3: Within two (2) months after the month that you open the Account, set up and complete the following
transactions within the Account (each a "Qualifying Action"):
i) at least one (1) recurring direct deposit from your employer, the government or your pension into the Account.
The direct deposit must recur either weekly, biweekly, monthly or twice per month.;
and
ii) at least one (1) of the following three (3) Qualifying Actions from the Account:
a. two (2) different recurring pre-authorized debits withdrawn within the same calendar month. The preauthorized debit must recur either weekly, biweekly, monthly or twice per month. Examples include: a preauthorized bill payment to a service provider (i.e. utility bill, gym membership) or pre-authorized payment
to a CIBC mortgage or loan); or
b. two (2) eligible Visa Debit purchases within the same calendar month (see Eligible Visa Debit Purchases
below for eligibility details); or
c. two (2) online bill payments to a service provider through CIBC Online Banking or the CIBC Mobile
Banking App (of at least $50 each) within the same calendar month. A payment from your Account to a
CIBC credit card or personal line of credit does not qualify as a bill payment.

Your recurring direct deposit and recurring pre-authorized debits must remain in place for at least one (1) year from
after the month that the Account was opened (see paragraph 5 for consequences if recurring Qualifying Actions are
canceled). We reserve the right to determine if a transaction is considered a Qualifying Action.
Eligible Visa Debit Purchases: Eligible Visa Debit purchases include purchases made with your CIBC Advantage®
Debit Card from your Account online, in-app, by phone or by mail order at participating retailers that accept
Visa* Debit as well as in-store in the U.S. and internationally where Visa is accepted. An example of a Visa Debit
purchase includes the online purchase of streaming services using a debit card as the payment method. Point of sale
purchases made in Canada and “Cash-Like Transactions” are not considered to be an Eligible Visa Debit purchase; a
“Cash-Like Transaction” refers to a transaction involving the purchase of items directly convertible into cash.
Examples include casino gambling chips or credits, money orders, wire transfers, and travellers' cheques. We reserve
the right to determine if a Visa debit purchase is an Eligible Visa Debit Purchase. Purchase date will be based on the
date the transaction is posted to your Account. For more information, consult with a CIBC banking representative to
determine whether any given Visa Debit transaction is eligible for the Offer.
To qualify to receive an extra $50 Cash Reward (for the total of a $400 Cash Reward), you must:
Step 1: Complete all steps required to receive the $350 Cash Reward; and
Step 2: Within two (2) months after the month that the Account is opened, transfer a total of at least $200 from your
Account to your eAdvantage® Savings Account (eSA). The eSA can be new or existing and must be held by at least
one Eligible Client.

Offer fulfillment and conditions
If you qualify to receive the Cash Reward, it will be credited directly to the Account within seven (7) months after the
month that you have opened your Account.
If multiple Accounts are opened on the same day, CIBC reserves the right in its sole and absolute discretion to credit
the Cash Reward to any Account in its sole and absolute discretion. If the Account is opened on the same day as
another CIBC chequing account, CIBC reserves the right to choose which offer to provide and to which account if the
offers cannot otherwise be combined. The Cash Reward must be accepted as provided and is not transferable or
assignable. No Cash Reward substitutions will be permitted.
If you do not receive the Cash Reward, you have until nine (9) months after the month that the Account was opened
to tell us that the Cash Reward was not received. If you do not tell us by this time, you will be deemed to have
forfeited your right to the Cash Reward and to have not qualified for the Offer.
The Account must remain open, active, unconverted and in good standing for at least one (1) year after the month
that the Account was opened. All Eligible Clients must remain Eligible Clients for at least one (1) year after the month
that the Account was opened. If you downgrade, convert or close your Account or cancel any recurring Qualifying
Actions at any time before one (1) year after the month that the Account was opened, we reserve the right to
disqualify you from receiving the Cash Reward or if the Cash Reward has been paid, we reserve the right to withdraw
from your Account or any of your accounts with CIBC the value of the Cash Reward even if this places you into
overdraft. If your Account is closed and you do not have any other account with us at that time, we may send you an
invoice for the value of the Cash Reward, which you agree to pay within 30 days of its postmark date.

scoper wrote: ↑ Your recurring direct deposit and recurring pre-authorized debits must remain in place for at least one (1) year from
after the month that the Account was opened ...

I wasnt expecting this...

What did this change from the previous promo in Q1? I signed up for that one and I didn't even recall what cash bonus I was supposed to get in the distant future.

Mine didn't need the direct deposit though, it was an option between 2 PAD and1 direct deposit and then some online bill payments.

In retrospect, this was completely not worth the nuisance for a few hundred bucks since you have to maintain it for a year. Just stick with tangerine or simplii and keep it simple. The second I do my time, I'm out and never doing these promos again

hoob wrote: ↑ Maintain for a year? Not worth it.

Do both BMO and CIBC require you keep the account with them for a year? TD and Scotia don't right?
Did Scotia last year and just met the TD requirements and would like to close.
Which other bank doesn't have the one year requirement.

The CIBC Direct Deposit is a hassle too along with the 1 year requirement.

Nucks wrote: ↑ What did this change from the previous promo in Q1? I signed up for that one and I didn't even recall what cash bonus I was supposed to get in the distant future.

Mine didn't need the direct deposit though, it was an option between 2 PAD and1 direct deposit and then some online bill payments.

In retrospect, this was completely not worth the nuisance for a few hundred bucks since you have to maintain it for a year. Just stick with tangerine or simplii and keep it simple. The second I do my time, I'm out and never doing these promos again

yup youre right. it was either 2 of 3 and not requiring a DD.
It definitely is not worth the nuisance, but the same thing can be said with RFD lol./

bobcat99 wrote: ↑ Do both BMO and CIBC require you keep the account with them for a year? TD and Scotia don't right?
Did Scotia last year and just met the TD requirements and would like to close.
Which other bank doesn't have the one year requirement.

The CIBC Direct Deposit is a hassle too along with the 1 year requirement.

yup, TD doesnt, did that last year and closed around 10 mo. but didnt really need to other than churning.
done similar as you; closed bmo other year and scotia the other year, so now im left with this cibc... for now.