CIBC US iCan or myChoice Prestige Checking — $200

$200
verified today

Open a new iCan or myChoice Prestige checking account with at least $50. Receive qualifying direct deposits of $500 or more each month for three consecutive calendar months starting the month after opening, and enroll in eStatements, all within the 120-day qualifying period. The bonus is credited within 30 days after the qualifying period ends, and the account must still be open.

Affiliate link where available — see disclosure below. Always confirm terms on the bank's page.

How to earn it

  1. 1.
    Open a new CIBC iCan or myChoice Prestige checking account with a minimum opening balance of $50.
  2. 2.
    Receive qualifying direct deposits of $500 or more each month for three consecutive calendar months starting the month after opening.(within 120 days of account opening)
  3. 3.
    Enroll in electronic statements through CIBC US Digital Banking during the qualifying period.(within 120 days of account opening)
  4. 4.
    Keep the account open until the bonus is credited within 30 days after the qualifying period ends.

The details

Minimum deposit to open$50
Monthly feeNone
Time to complete120 days from account opening
Bonus payout~150 days
Direct depositRequired — $500+
ACH counts as DD?Unknown
AvailabilityFL, IL, MI, MO
Eligibility: New CIBC US iCan or myChoice Prestige checking accounts only. One consumer checking bonus per person. Accounts converted from other CIBC Bank USA checking types are not eligible. Branches remain in IL, MI, MO and FL, and the account can be opened online, possibly nationwide (not confirmed on the bank page).

Notes: Bank page shows no end date. Qualifying DD excludes transfers, mobile deposits, Zelle, external transfers and branch or ATM deposits. Bonus reported as interest. Payout_days is approximate (120-day qualifying period plus 30 days). DoC 6/2/26 says it can now be opened online, possibly nationwide, so states may be broader than listed. DoC also mentions a $25 early termination fee within 90 days, which is not shown on the bank page. Bank page says no monthly maintenance fee on day-to-day checking.

Read the bank's official terms and fine print →