No one would hold it against you if you’ve never heard of CIBC Bank but chances are you don’t live in Chicago. Until very recently, I hadn’t heard of them before.
But they’re a real bank with a real bonus that only requires you to make a sizable deposit into the account before the deadline.
We will first discuss the bank itself (yes, they are FDIC insured!) and then the terms of the deal – which are quite attractive.
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How to get $200 from CIBC Bank USA
CIBC $200 Checking Account Bonus Summary
- What you get: $200 cash bonus
- Who qualifies: Nationwide
- Where to open: Online or in-branch
- How to get it:
- Open a CIBC iCan or myChoice Checking account with a $500 minimum deposit,
- Then, within 90 days…
- receive one direct deposit or ACH transaction to the account,
- and elect to receive eStatements through CIBC NetBanking.
- Collect your bonus after the waiting period (100 days after account opening).
- When does it expire: No expiration date shown
You can get a $200 cash bonus when you open a CIBC iCan or myChoice Checking account with a $500 minimum deposit, and receive one direct deposit or ACH transaction to the account. You also need to elect eStatements.
There is a minimum $500 deposit to qualify for the bonus.
This bonus is nice because an ACH qualifies, you don’t need a government benefits or employer payroll type of direct deposit.
Who is CIBC Bank USA?
CIBC Bank is a 150-year-old bank based in Toronto, Canada; but their Chicago headquarters has been around since 1867. They are FDIC insured (FDIC Cert #33306) so your money is perfectly safe there.
They started as The PrivateBank and Trust Company but were acquired in June 2017 by the Canadian Imperial Bank of Commerce (CIBC) and operates as CIBC Bank USA. They were publicly traded on the Nasdaq before the acquisition and they have nearly $20 billion in assets.
How Does This Offer Compare?
As a bank bonus without a direct deposit, it lines up quite favorably against the competition especially when you consider it offers a yield of 5.01% APY while you wait.
With the tiers set at relatively low levels, you can get a nice bonus to your APY for keeping your cash in the account until next Spring.
U.S. Bank – up to $450
Earn up to $450 when you open a new U.S. Bank Smartly® Checking account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through 1/28/2026. Member FDIC.
Get started with an initial deposit of $25 within 30 days. Offer may not be available if you are an existing U.S. Bank customer or live outside of the U.S. Bank footprint.Barclays – $200
Barclays Bank will give you a $200 if you open a new savings account and deposit $30,000 within 30 days of opening the account. The savings account also pays a competitive interest rate of 3.60% APY while you wait.
BMO Checking – $400
BMO is offering a $400 bonus* when you open a BMO Checking account and you have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening between 9/9/25 - 1/28/26. It is a very straightforward offer that is available nationwide.
*Conditions apply
Capital One 360 Checking – $250
Capital One 360 has a $250 cash bonus when you open a new account and then receive two direct deposits each of $500 or more within 75 days of account opening. Valid for new 360 Checking account customers. If you had a If you had a 360 Checking, Simply Checking, or Total Control Checking account with Capital One on or after January 1, 2022, you are ineligible.
Bank of America – up to $500 cash offer
Bank of America offers a up to $500 cash offer cash bonus if you open a new account and To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* into that new eligible account within 90 days of account opening. Your cash bonus amount will be based on the total amount of your Qualifying Direct Deposits received in the first 90 days. . It has a monthly fee that is easy to get waived.
