Here’s how it works


Make sure you have an eligible account 

An active CIBC chequing or savings account  is all you need to start making referrals and earning cash rewards. 


Share your link with someone new to Canada

This can be anyone who

  • obtained Canadian permanent residence status within the last 5 years, or
  • is a Foreign Worker with a Canadian work permit issued for at least a 12-month term.

Enjoy the extra cash

Both you and your friend get $50 once they’ve met qualifying conditions after opening a CIBC Smart™ Account for Newcomers Opens in a new window..

Why newcomers love CIBC

Bank anywhere with our award-winning mobile app or access one of our many banking centres and ATMs conveniently located across Canada.

Earn cash back with credit card purchases. Newcomers don't need to provide an income or credit history, or a security deposit.

Send money back home with no transfer fees1, get account updates in real time and tap to pay for purchases, all from your mobile device.

Start referring newcomer friends today

Frequently asked questions