Offer at a glance
- Maximum bonus amount: $300
- Availability: Nationwide, but only certain employers
- Direct deposit required: Yes, two+ within 90 days of account opening
- Additional requirements: None
- Hard/soft pull: Unknown
- ChexSystems: Unknown
- Credit card funding: None
- Monthly fees: None
- Early account termination fee: $25, 90 days
- Household limit: One
- Expiration date: None listed
The Offer
- CIBC is offering a bonus of $300 when you open a new CIBC Edge Checking Account and complete the following requirements:
- Receive at least two qualifying direct deposits within 90 days after account opening
- CIBC edge checking accounts are open to employees of specific employers (no list given)
The Fine Print
- Offer is valid on new CIBC Edge Checking Accounts.
- To qualify for the bonus, at least two payroll direct deposits or at least two ACH credit or debit transactions, not including any ACH transactions to initially fund the account, must post to the account within 90 days after the account is opened.
- The bonus will be credited to a qualifying account by the Payment Date. “Payment Date” means 100 days after account opening.
- The minimum balance to open the account and obtain the bonus is $50.
- Bonus is considered interest and will be reported to the IRS. Consult your tax advisor regarding specific tax considerations for your accounts.
- Only one CIBC Edge Checking Account bonus is permitted per individual household (all individuals with the same address) regardless of the number of accounts that are opened.
Avoiding Fees
This account has no monthly fees to worry about, there is a $25 early account termination fee if the account is closed within 90 days.
Our Verdict
Obviously need to know what employers are eligible and if it’s a soft pull to open, if it is then this seems to be a great bonus but we need more information before we can really say anything. If anybody knows, share in the comments.
Hat tip to reader Sarah C
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
