Bank of Montreal (BMO) vs Canadian Imperial Bank of Commerce (CIBC)

Earn up to a $900 cash bonus*

Plus a Walmart+ membership for up to 12 months*

STEP 1

Chequing Account Offer

Earn $700 when you:

- Open and fund a new BMO Performance or Premium Plan Chequing Account by November 2, 2026

- Complete the qualifying criteria by December 31, 2026

1. Set up a recurring direct deposit of $500 or more from your employer, the government, or your pension, and have the first deposit appear by December 31, 2026.

2. Complete one of the following by December 31, 2026: 

• Make two (2) bill payments of $50 or more to two (2) different payees through BMO Online Banking or the BMO Mobile Banking app; and

• Set up two (2) pre-authorized debits (PADs) of $50 or more from two (2) different payees.

STEP 2

Savings Account Offer

Earn $150 when you:

- Open a Savings Amplifier Account by November 2, 2026

- Complete the following:

• Deposit a total of $10,000 or more into the Savings Amplifier Account within the first 30 calendar days of opening the account;

• Maintain a daily closing balance of $10,000 or more for 120 calendar days from the date of deposit to earn the 5.00% promotional interest rate** on balances up to $1,000,000;

• After the initial 120-day promotional period, continue to maintain a daily closing balance of $10,000 or more for an additional 90 calendar days to qualify for the $150 cash bonus.

You must complete step one to qualify for step two. 

STEP 3

My Financial Progress Offer

Earn $50 when you:

- Sign in to BMO Online Banking or BMO Mobile Banking to access My Financial Progress and complete the following:

• Create one (1) Goal in My Financial Progress Plan by December 31, 2026;

• Go to the Planning Tab and apply one (1) Strategy to the plan by December 31, 2026.

You must complete step one to qualify for step three.

Get a Walmart+ membership for up to 12 months* when you:

- Open and fund a new Performance, Premium, Practical or Plus chequing account by November 2, 2026.

- Sign up for or update your existing Walmart+ membership on Walmart.ca by December 31, 2026. You’ll have to select Debit Mastercard as the payment option and enter your new BMO debit card number

Eligibility criteria (open account or switching eligibility)

If you meet the eligibility criteria, the Chequing Account and My Financial Progress cash bonus will be credited to your account by December 31, 2026. The Savings Account cash bonus will be credited by June 30, 2027.

Unfortunately if you already have a chequing account with us from August 7, 2025 to November 2, 2026 you are not eligible for this promotion.

If you close your account before November 2, 2027, you will not be eligible for this promotion.

Each bill payment is required to be paid to a different biller account number. For example, if you are paying a cell phone bill it has to be paid to different accounts numbers to be counted as 2 different bill payments.

• Open a new BMO Student Chequing Account and get a tech reward from Best Buy worth up to $200*
• Offer expires November 3, 2026

How to redeem Best Buy rewards

Follow these three easy steps:

1. Open an account: Open a Student Chequing Account and make sure you are enrolled in a university, college or vocational school.
2. Meet eligibility: Complete the required steps to unlock your reward.
3. Redeem your reward: Receive an email within 3 weeks with your reward options and make your selection.

Get up to $850^†,‡ in value

Step 1: Open a CIBC Smart Account and set up one recurring direct deposit for a minimum of $500 within two months. The direct deposit should be from your employer, the government or a pension.

Step 2: Get $500 with your Smart Account plus as much as $350 with a CIBC Dividend Visa Infinite Card with qualifying actions^†,‡ Earn 10% cashback in an amount up to $200 on net purchases of up to $2,000‡. Earn $50 in a cashback bonus by setting up your first pre-authorized payment.