CIBC Bank USA iCan or myChoice Prestige Checking bonus: is $200 worth it?
What it adds over what your cash earns now, tier by tier. Change the rate to yours.
Yearly rate on $50 while it's there, bonus included.
The math
Compared with leaving $50 at 4.15%
Deposit $50 in new money within 1 day · Get 3 direct deposits of $500+ within 120 days · Elect electronic statements through CIBC US Digital Banking during the qualifying period. Terms checked Oct 9, 2026.
About this bonus
What it takes
- 1Deposit $50 in new money within 1 day
- 2Get 3 direct deposits of $500+ within 120 days
- 3Elect electronic statements through CIBC US Digital Banking during the qualifying period
- Ends
- No end date listed
- Where
- Nationwide
- Pays while it's there
- 0.1% a year
- Monthly fee
- None
- Closing early
- $25 within 90 days
- Cash stays
- About 1 day
- Bonus paid
- Usually within 30 days of finishing
- Credit check
- A ChexSystems inquiry (not your credit score)
Similar bonuses
The same kind of account, ranked by what each adds at 4.15%.
Questions
Is the CIBC Bank USA iCan or myChoice Prestige Checking bonus worth it?
At 4.15%, about what T-bills or a money market fund pay (as of Oct 12, 2026), the $50 tier adds +$200: the $200 bonus, minus the $0 that cash would have earned in 1 day. At a different rate the answer changes; the calculator on this page works it out for yours.
What are the requirements?
Deposit $50 in new money within 1 day; get 3 direct deposits of $500+ within 120 days; elect electronic statements through CIBC US Digital Banking during the qualifying period. Open nationwide.
When does it end?
No end date is listed. The terms were last checked Oct 9, 2026.