CIBC US Offer

Bonus Details

Earn a $200 bonus when you open a new CIBC iCan or myChoice Prestige Checking account, open with a minimum balance of $50, make qualifying direct deposits totaling $500 or more each month for three consecutive calendar months, and elect to receive electronic statements.

How To Qualify

Open a new iCan or myChoice Prestige Checking account with $50. Within 120 days, receive qualifying direct deposits totaling $500 monthly for three consecutive calendar months after the opening month and enroll in electronic statements through CIBC US Digital Banking. Employer, government or third-party organization electronic payments qualify; transfers, mobile deposits, Zelle and branch/ATM deposits do not. Keep the account open until payment, within 30 days after the qualifying period ends. Limit one consumer checking bonus per person; converted CIBC checking accounts are ineligible.

APY Details

myChoice Prestige Checking only: variable 0.10% APY, accurate July 23, 2026. Rates may change; fees or withdrawals reduce earnings.

APY Requirements

Maintain at least $10,000 in myChoice Prestige Checking to earn the advertised APY. This balance is not required for the checking bonus.

The Fine Print

Monthly Fees: None
Credit Inquiry: Soft Pull
Household Limit: None listed
Account Type: Personal Bank Account
Expiration Date: None Listed
ChexSystems: true
Availability: Nationwide

Monthly Fee Details

No monthly maintenance fees. A dormant account fee of $5.00 per month (maximum $60 annually) may be charged if there has been no customer contact or transaction activity for 24 months.

Early Account Closure Fee

$25 early account termination fee if the account is closed within 90 days of opening.

Official offer terms

Source wording for the promotion. View official source Recorded Invalid Date.

To qualify for the $200 bonus, you must meet the following requirements within 120 days of opening the Account (the “Qualifying Period”): Open the account with a minimum balance of $50. Make qualifying direct deposits totaling $500.00 or more each month into your account for three (3) consecutive calendar months after the calendar month your account was opened. A qualifying direct deposit is defined as any payment made by a government agency, employer or other third-party organization that is made via an electronic deposit. Transfers made from one account to another, mobile deposits, Zelle®, external transfers from another financial institution or deposits made at a branch or ATM are not considered a qualifying direct deposit. Elect to receive electronic statements through CIBC US Digital Banking during the Qualifying Period. If these conditions are met, the $200 bonus will be credited to your account within 30 days after the end of the Qualifying Period. The account must remain open on the date we credit the bonus to your account in order to receive the bonus. Only one consumer checking account bonus is permitted per person regardless of the number of accounts that are opened at CIBC Bank USA. Accounts converted from other types of checking accounts at CIBC Bank USA are ineligible for this bonus. The myChoice Prestige Checking Account is a variable rate account. At our discretion, we may change the interest rate and Annual Percentage Yield (APY) at any time without notice after the account is opened. The APY on the myChoice Prestige Checking Account is 0.10%. A minimum balance of $10,000 is required to obtain the APY for the myChoice Prestige Checking Account. The APY is accurate as of July 23, 2026. Fees or withdrawals will reduce earnings. There is no minimum balance required to qualify for the bonus for the myChoice Prestige and iCan checking accounts.