The gift: $300 cash and no bank fees for 12 months
Deadline for account sign up: anytime, no deadline
Smart Account or Smart Plus Account: $0 monthly fee, provided you completed the required tasks. Then set up 1 direct deposit or two pre-authorized payments each month and you’ll have the fees waived for the next 9 months.
The ask: Sign up for a Smart Account or the Smart Plus account and give CIBC your email address. Then set up 1 direct deposit or two pre-authorized payments each month or make two bill payments with more than $50 from the account.
The downside: need keep the account open and in good standing for minimum one year.
For more information, here’s the link to the official CIBC Smart Account information.