CIBC $300 New Smart Chequing account promotion (April 1 to June 30, 2016)
  • April 1, 2016
  • By Steven Zussino
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CIBC $300 New Smart Chequing account promotion (April 1 to June 30, 2016)

I love Canadian banking promos!

Earn $300 when you open a new CIBC Smart™ Account before June 30 and complete a direct deposit or 2 pre-authorized payments within 3 months.

cibc

Apply for the CIBC Smart Chequing Account online. (cost is $4.95/month. fee is waived by keeping a $3000 balance)

(2) Make an initial deposit of $60 to take care of at least 12 months of fees (or $3000 to waive monthly fees) + $6 (To take care of 3 months of $1 PADs)

(3) Setup your $1 PADs for any 2 Companies – The Companies listed below are the easiest PADs to setup that only require you to submit your CIBC account info online. Others not listed below may require you to mail/fax a VOID CHEQUE of your CIBC account info.
(3a) Link your CIBC account with your Tangerine and have Tangerine setup a $1 ongoing monthly transfer going from CIBC into your Tangerine account
(3b) Add your CIBC Account to your American Express online account, and have AMEX withdraw $1 every month from your CIBC Account.
(3c) Make a monthly online $1 donation to the World Wildlife Fund Canada. EDIT: I am told now, that this is a $5 Minimum PAD.
(3d) Make a monthly online $1 donation to the Christian Children’s Fund of Canada
(3e) Make a monthly online $1 donation to the Calgary Humane’s society. EDIT: I am told now, that this is a $5 Minimum PAD.
(3f) Make a monthly online $1 donation to Make a Wish Canada
(3g) Make a monthly online $1 donation to the Habitat for Humanity GTA
(3h) Make a monthly online $1 donation to the Winnipeg Humane Society
(3i) Add your CIBC Account to your Hydro Quebec online account. Setup $1 each month to be withdrawn from CIBC.
(3j) Other online easy PAD setups include: RoyalBank Visa, Royalbank Mastercard, Canadian Tire Mastercard, Rogers, Bell, Telus, Shaw, and WIND MOBILE (PAY AFTER Clients only).

Expected Return after fees:
NO MONTHLY FEE WAIVER
$300 – For completing the 2 Pre-authorized Debits (Step 3)
-$59.40 – 12 months of $4.95 fees
——–
$240.60

IF YOU KEPT A $3000 minimum balance for 12 months and 1 recurring DD or 2 different recurring PADs
$300 – For completing the 2 Pre-authorized Debits (Step 3)
——
$300

Steven Zussino

Steven Zussino is the co-founder of Grocery Alerts Canada. He loves to help Canadians save money on groceries. He also runs the blog, CanadianTravelHacking.com.

AMEX SCOTIA

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