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1 CIBC Employee Banking is available to current employees of CIBC Bank USA and U.S.-based CIBC affiliates and New York branch at the time the account is opened.
2 To Qualify for a $300 Employee Checking Bonus:
You must meet the following requirements within 120 days of opening the account (the “Qualifying Period”):
- Make qualifying direct deposit(s) totaling $500.00 or more each month into your new account for 3 consecutive calendar months after the calendar month your new 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 NetBanking during the Qualifying Period.
If these conditions have been met, the $300 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.
Bonus is considered income for income tax purposes and will be reported to the IRS. Consult your tax adviser regarding specific tax considerations for your accounts. Only one CIBC iCan or CIBC myChoice Checking Account bonus is permitted per person regardless of the number of accounts that are opened. Bonus offers are not eligible to you if you were the primary or secondary account holder of an iCan, myChoice Plus or myChoice Prestige checking account (Employee version or standard branch version) with CIBC Bank USA on or after January 1, 2019. The offer is subject to change and may be withdrawn at any time without notice.
3 The Primary Account Holder must be employed at CIBC Bank USA or a CIBC U.S.-based affiliate and New York branch at the time the account is opened. The Primary Account Holder is the account holder on a consumer deposit account at CIBC Bank USA whose Social Security Number is used as the Taxpayer Identification Number (“TIN”) for the account. Consumer deposit products and services are provided by CIBC Bank USA and are subject to prior approval.
4 Qualified Debit Card Purchases are PIN or signature-based point-of-sale (POS) transactions that post to your iCan Checking account during the Statement Cycle. ATM withdrawals, POS cash-back transactions, and POS cash advance transactions are not Qualified Debit Card Purchases. If any portion of a transaction is a POS cash-back or POS cash advance transaction, the entire transaction is not a Qualified Debit Card Purchase.
5 You must be enrolled in CIBC NetBanking and have a supported Mobile Banking device to use Mobile Banking and the Mobile Banking remote deposit feature. For more information, refer to Mobile Banking terms and conditions Opens in a new window.. Message and data rates may apply. Contact your wireless carrier for details.
6 The myChoice Prestige is a variable rate account. At our discretion, we may change the interest rate and Annual Percent Yield (APY) at any time without notice after the account is opened. The APY on the myChoice Prestige is 0.10%. The minimum to open the account is $50. A minimum balance of $0.01 is required to obtain the APY. The APY is accurate as of December 7, 2023. Fees or withdrawals will reduce earnings.
7 Fees at non-proprietary ATMs (ATMs not owned by the Bank) charged to your account are refunded up to the stated limits after the fee is charged.
8 CIBC Bank USA Employee Mortgage Offer:
- 0.25% interest rate reduction on any qualifying CIBC mortgage loans
- Lender’s fee waived ($1,295 savings)
- Offer applies to primary homes, secondary homes and mortgage refinancing
To take advantage of the offer, you must:
- Be a current employee of one of CIBC USA's businesses
- Establish a CIBC consumer checking account with a recurring CIBC payroll direct deposit
- Be the primary account holder and borrower on all products
The interest rate reduction and lender’s fee waiver is available for new purchase or refinance first mortgages, conforming and government fixed loans, or Standard portfolio ARM products, for the Primary Account Holder. This offer applies to primary and secondary residential properties. Excludes construction loans. Borrowers must submit a completed application to be eligible. The amount of the lender’s fee waiver will be applied as a lender credit on the Closing Disclosure. The amount of the lender’s fee waiver may not exceed $1,295. The 0.25% interest rate reduction and lender’s fee waiver cannot be combined with other offers and may be limited under certain loan programs. The Primary Account Holder must be a current employee of CIBC Bank USA or a CIBC US-based affiliate and Primary Account Holder or Borrower on all products to receive the special mortgage offer. Other restrictions may apply. The CIBC mortgage loan offer is subject to CIBC Bank USA lending criteria and credit approval. A CIBC consumer checking account with an established, recurring CIBC payroll direct deposit is required to qualify. Standard portfolio ARM products require auto-debit to a checking or savings account for 0.25% interest rate reduction; conforming and government fixed-rate loans do not require auto-debit.
9 You must be a current employee of CIBC Bank USA or a CIBC U.S.-based affiliate and Primary Account Holder or Borrower on all products to qualify for the additional program benefits. All loans are subject to credit approval.
10 On iCan or MyChoice Prestige checking when ordered one box at a time.
11 Must have auto debit from CIBC Bank USA checking account for payments.
