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iCan Checking Account

iCan checking is a non-interest bearing account offered by CIBC Bank USA that rewards you for trusting us to meet your everyday banking needs, because it’s based on your relationship with us. The more you use certain banking services, the more you can earn in cash back rewards and ATM fee reimbursements.

Answer the questions below to determine which account level applies to you.

Which level applies to you?¹

What balances do you maintain in qualifying Related Accounts with CIBC Bank USA? ^2,3

$0 - $999

$1,000 - $4,999

$5,000 - $9,999

$10,000+

How many ACH credit or debit transactions will post to your account during each qualification cycle?

Zero

1-4

5-9

10+

Which of the following Related Accounts do you hold with CIBC Bank USA? ^2,4

Savings

Money Market

Certificate of Deposit

Will you be enrolling in CIBC NetBanking with e-statements? ⁵

Yes

Will you be making at least two (2) bill payments from your iCan Checking Account via CIBC NetBanking during each qualification cycle?

Yes

Submit

Free Debit/ATM Card

Free online and mobile banking ⁶

Account Maintenance Fee

Monthly foreign ATM fee refunds per statement cycle ⁸

Cash back on qualified Debit Card Purchases ⁹ per statement cycle

Easy

Free Debit/ATM Card

Free online and mobile banking ⁶

Account Maintenance Fee

$9 ⁷

Everyday

Free Debit/ATM Card

Free online and mobile banking ⁶

Account Maintenance Fee

No Fee

Monthly foreign ATM fee refunds per statement cycle ⁸

Up to $7

Plus

Free Debit/ATM Card

Free online and mobile banking ⁶

Account Maintenance Fee

No Fee

Monthly foreign ATM fee refunds per statement cycle ⁸

Up to $15

Cash back on qualified Debit Card Purchases ⁹per statement cycle

1% up to $10

Premium

Free Debit/ATM Card

Free online and mobile banking ⁶

Account Maintenance Fee

No Fee

Monthly foreign ATM fee refunds per statement cycle ⁸

Up to $50

Cash back on qualified Debit Card Purchases ⁹per statement cycle

1% up to $20

Frequently Asked Questions

How do I open an iCan checking account?

Visit one of our banking center locations to speak with a member of our personal banking team or for more information call us at 877-448-6500.
How do you determine relationship balances?

To qualify for the rewards, your relationship balances must meet certain levels. These are the balances in all of your Related Accounts at CIBC Bank USA where you are the primary account holder or borrower. This would include checking accounts, savings accounts, money market accounts, personal certificates of deposit and the outstanding principal balance on personal loan accounts but does not include mortgages.²
When are reward levels determined?

Reward levels are determined on what is called a qualification cycle. The qualification cycle is the period from the third to the last business day of the previous month to the fourth to the last business day of the current month.
How will I know my reward level and what I need to do to qualify for the next reward level?

The primary account holder has 24/7 access to current account status via CIBC NetBanking including your current reward level and requirements to meet the next reward level.
What happens if my balances dip below the requirements for my current reward level?

You will have two qualification cycles to bring your balances back to the minimum requirements. After the end of the two-cycle grace period, your reward level and account benefits will be adjusted based on your balances in the prior qualification cycle.

¹ The account features listed below for each Account Level apply for each Qualification Cycle in which you meet the Qualification Requirements. A Qualification Cycle is the period from the third to last business day of the previous month to the fourth to last business day of the current month.

² Related Accounts are new or existing checking, money market, savings or CD accounts (excluding CIBC Palladian Savings accounts and CDARS accounts) offered by CIBC Bank USA, and CIBC Bank USA consumer loan accounts (excluding consumer residential mortgage loans) where the primary iCan checking account holder is the primary account holder or borrower.

³ The Combined Relationship Balance for Related Accounts for each Qualification Cycle is calculated based on the average balance in deposit Related Accounts (except certificates of deposit) offered by CIBC Bank USA and the balance of in certificate of deposit Related Accounts and outstanding principal balance on loan Related Accounts on the last business day of the Qualification Cycle.

⁴ The Primary Account Holder of the iCan Checking Account must also be the Primary Account Holder of the savings, money market, or certificate of deposit account offered by CIBC Bank USA and the account must be opened and funded on the last day of the qualification cycle. (CIBC Palladian Savings accounts and CDARS accounts are excluded.)

⁵ The Primary Account holder of the iCan Checking Account must be enrolled in CIBC NetBanking, the Bank’s online banking service and the iCan Checking Account must be enrolled in eStatements, CIBC Bank USA’s electronic statements service, on the last day of the Qualification Cycle.

⁶ 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. Please see Mobile Banking terms and conditions for further information. Message and data rates may apply. Contact your wireless carrier for details.

⁷ Account maintenance fee of $9.00. Fee is reduced to $6.00 if you elect to receive electronic statements through CIBC NetBanking instead of paper statements.

⁸ Bank foreign ATM fees and fees at non-proprietary ATMs (ATMs not owned by the Bank) charged to your account are reimbursed up to the stated limits at the end of each statement cycle. Benefit determined based on the current Qualification Cycle.

⁹ 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.

iCan Checking Account

Which level applies to you?1

Frequently Asked Questions

Which level applies to you?¹