Originally Posted by
JJonahJ
Thanks Chris. I got the $300 new account promos for both RBC and CIBC last year. I was due to shut down the CIBC account at end of May, but didn't get around to it, so I think I won't be eligible for this new CIBC promo. Do you know the terms? Can I close down the account today, and then open it again in Aug, and still qualify for the $300?
Nope you wont be eligible. If you had close down before May 1st before the promo would have started, you would be eligible.
"This Offer is only open to residents of Canada who: (i) have reached the age of majority; and; (ii) at the
beginning of the Offer Period, were not a holder (or joint holder) of a CIBC chequing account, as determined by
CIBC at its sole discretion on the basis of its official records"
One thing I notice at the bottom of the terms, if you shut down after receiving the reward they can invoice you at their discretion as you need to keep the account open for a full year.