[CIBC] [YMMV] CIBC Costco Exclusive 2% Transfer-in Offer (Asset management; NOT self-directed)

CIBC wording:

Earn 2% cash back, up to $20,000† when you transfer funds from another financial institution. Here’s how:

Meet with one of our advisors by October 31, 2026 to initiate your transfer.
Purchase an eligible product by December 31, 2026.
Maintain your investment to receive your rewards in April 2027 and April 2028.

T&C:

The Costco Exclusive 2% Transfer-in Offer (the “Offer”) begins August 3, 2026 and ends October 31, 2026 (the “Offer Period”). To be eligible, you or your immediate family members living at the same household address must have been selected centrally by CIBC to participate in the Offer and have a CIBC Costco Mastercard (including CIBC Costco Mastercard, CIBC Costco World Mastercard and CIBC Costco Business Mastercard) and a CIBC personal deposit account prior to completing the transfer-in. Eligible participants must be the age of majority in their province or territory, and a legal resident of Canada to qualify.

To qualify, you must transfer cash (the “Transferred Assets”) from a financial institution outside the CIBC Group of Companies to a new or existing eligible CIBC account(s) (each a “Qualifying Account”) and purchase any one of the CIBC Smart Investment Solutions mutual funds and/or any of the CIBC Personal Portfolio Services Wealth Generation (excluding the Secure Income Portfolio and Ultra Short Term Model) or Income Generation Portfolios (the “Qualifying Assets”). Transfers must be initiated during the Offer Period and before October 31, 2026.Transferred Assets must be invested into Qualifying Assets by December 31, 2026 and remain in the respective Qualifying Assets until April 28, 2028. Assets withdrawn before April 28, 2028 may result in partial or full forfeiture of the bonus.

If you satisfy the terms and conditions, a 2% Bonus will be paid in two installments (1% each) during the weeks of April 30, 2027 and April 28, 2028, calculated on the book value of Qualifying Assets as at February 26, 2027 for the first payment, and as at February 29, 2028 for the second payment, with a maximum Bonus of $20,000 per Qualifying Account.

The Offer does not apply to accounts at Simplii Financial, CIBC Wood Gundy, or CIBC Investor’s Edge and cannot be combined with other offers. There may be tax implications associated with this Offer. You remain responsible for ensuring that any contribution to your RRSP or TFSA does not exceed your contribution limits under the applicable tax legislation. The Offer does not apply to transfers into locked-in plans, pension plans, Registered Education Savings Plans, Registered Disability Savings Plans, First Home Savings Accounts, and any Group RSP plans. For a full list of Qualifying Accounts refer to the Offer Terms and Conditions.

For additional details, ask at any CIBC Banking Centre or go to the CIBC website. CIBC or the participating subsidiaries (as applicable), each in its sole discretion, may change these Terms and Conditions or withdraw all or part of this Offer at any time without notice. Other conditions apply. For full Offer details, review the Costco Exclusive 2% Transfer-In Offer (PDF, 230 KB)Opens a new window.. Existing CIBC clients may receive different offers. Offers may vary and are determined based on individual criteria and banking preferences.

Offers may vary and are determined based on individual criteria and banking preferences.

Statistics: Posted by gokou3 — Sep 11th, 2026 3:34 pm