Originally Posted by Chris101

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.