Opening your CIBC Smart Bank account is quick and easy, and can be done from anywhere. In just a few steps, you’ll have access to all the benefits of being a customer, including instant access to transfer funds, pay bills and more! With an interest rate of 5.25% and a bonus of up to $600, you can enjoy the best of banking and access numerous exclusive benefits.

What are the eligibility criteria for the CIBC Smart Account?

To be eligible for the CIBC Smart Account, you must be a Canadian resident, be at least the age of majority in your province or territory and reside at a valid Canadian residential address. You will be asked to provide your full name, date of birth, phone number, email and address and last but not least: your national residency for tax purposes. It is also important to provide basic employment information. Your account application is typically processed within minutes, and you can start using your account through the app immediately.

How do I claim my $600 bonus after opening my CIBC Smart Bank Account?

To claim your bonus, it is necessary to open your first Smart Account, then within two months set up recurring direct deposits of $500 or more per month from your employer, government or pension and complete 1 of the following actions within the same calendar month:

• 2 recurring pre-authorized debitsLearn about pre-authorized debits.
• 2 online bill payments of $50 or more each
• 5 online Visa Debit purchases.
  
  
  

Here you are guaranteed a $400 bonus, however, to earn an additional $200 it is necessary to complete all qualifying actions for the Smart Account offer, and:

• Open your first eAdvantage Savings Account within the same calendar month as your Smart Account
• Hold a minimum balance of $10,000 in your eAdvantage Savings Account by the end of the second calendar month (not including the month in which you open your account), then
• Maintain a minimum balance of $10,000 each day for the next 3 calendar months.

Ready to apply?

The entire process can be done online and is extremely quick and easy. Just click the button below to be redirected and start enjoying all the benefits that the CIBC Smart Bank Account has for you – with a bonus of up to $600 in your account!