Is it safe to connect my CIBC account to Lodavo?

Yes. You sign in through Plaid's secure connection and Lodavo receives read-only access to your balance only. Lodavo never sees or stores your CIBC login, and it can never move money. Your funds stay in your CIBC account the entire time.

Does Lodavo see my CIBC transactions or move my money?

Lodavo only needs your account balance to award weekly draw tickets. It cannot move, hold, or withdraw money, and it cannot change anything about your CIBC account. The access is read-only.

Which CIBC account should I connect?

Connect any CIBC chequing or savings account where you keep money set aside, like a CIBC eAdvantage Savings Account, and you can link more than one. A deposit-based TFSA works too. Lodavo cannot track a self-directed investing account yet, such as CIBC Investor's Edge, so link a chequing or savings account.

I bank with Simplii Financial, not CIBC. Does that still work?

Yes, but connect it as Simplii, not CIBC. Simplii Financial is CIBC's direct-banking brand, and it's a separate institution on Plaid's network. In Lodavo, pick Simplii Financial from the list and sign in with your Simplii details.

Does CIBC work with Lodavo? How to connect your CIBC account

If you bank with CIBC, the short answer is yes: CIBC works with Lodavo. CIBC is one of Canada’s five largest banks, serving 15 million clients, and it has its own dedicated institution page on Plaid’s network. Because Lodavo connects to your bank through Plaid with read-only access, a CIBC chequing, savings, or TFSA balance can be linked to Lodavo in a couple of minutes, with your money never leaving CIBC.

How to connect your CIBC account to Lodavo

Connecting takes about two minutes inside the Lodavo app:

Download Lodavo (free) and create your account.
Tap to connect a bank and choose CIBC from the list.
Sign in through the secure Plaid connection. You enter your details on the bank-connection screen, not by handing your password to Lodavo.
Pick the CIBC account you want Lodavo to track, and you’re done.

From then on, Lodavo reads your balance each week and turns what you have saved into free tickets for that week’s draw. You don’t move any money to set this up.

Is it safe? What Lodavo can and cannot see

Yes, it’s safe, and the design is deliberately limited. CIBC has a dedicated institution page on Plaid’s network, so connecting a CIBC account to an app like Lodavo is a well-supported, read-only path. Two things are true for you every step of the way:

Lodavo never sees your CIBC login. You authenticate through Plaid’s secure flow, and Lodavo receives scoped, read-only access, not your username and password.
Lodavo cannot touch your money. Read-only access lets Lodavo check your balance to award tickets. It cannot move, hold, withdraw, or charge anything. Your savings stay in your CIBC account, earning whatever CIBC already pays you.

You can disconnect CIBC from inside Lodavo whenever you want.

Which CIBC account should you track?

Connect the CIBC account where your savings actually sit. Most users link one of:

CIBC account	Good to track if
CIBC chequing	You keep a steady cushion in your everyday account
CIBC eAdvantage Savings	You set money aside in a dedicated savings account
CIBC TFSA (savings)	You save inside a deposit-based Tax-Free Savings Account

You can connect more than one CIBC account, and the balances simply add up. The one thing Lodavo cannot track yet is a self-directed investing or brokerage account, such as CIBC Investor’s Edge, so stick to chequing and savings accounts where your money sits as a cash balance. Lodavo only reads the balance, so the more you keep saved across the accounts you choose, the more tickets you earn. There’s no minimum.

Troubleshooting a CIBC connection

If a connection doesn’t go through on the first try:

Make sure you’re entering your current CIBC login details on the secure connection screen, exactly as you would on CIBC’s own site.
Complete any verification step CIBC prompts you with (a one-time code, for example).
If you actually bank with Simplii Financial, CIBC’s direct bank, pick Simplii Financial in the list instead. It’s a separate institution.
If a previously linked account stops updating, reconnect it from inside Lodavo to refresh the link.

Connections to big banks like CIBC are well supported, so most issues clear up with a quick reconnect.

Why prize-linked savings fits CIBC customers

Canadians aren’t saving much right now. The household saving rate slipped to 3.5% in the first quarter of 2026, the lowest since early 2024, according to Statistics Canada. Prize-linked savings is built for exactly that problem: it adds a fun reason to keep money set aside, without asking you to lock it up or move it.

With Lodavo, you keep your money in your own CIBC account and still get a shot at winning. Save, earn tickets, and you’re entered into a free weekly draw for up to $10,000, with a guaranteed prize of at least $100 going to a user every week. It’s a small layer of upside on top of the bank you already use.

Terms and conditions apply. No purchase necessary (alternate method of entry available). Skill-testing question required. Open to legal residents of Canada who are the age of majority. Odds depend on the number of eligible entries received. Full rules and odds at our contest rules.