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Exploring CIBC's e-Transfer Limits: Transactions Made Easier by Online Banking, Mobile App & Customer Service

In today's technology-driven world, the way we handle our finances has radically transformed. The use of e-transfers has surged in popularity due to its ease and accessibility. This means no more lengthy trips to the bank to make simple transactions. One of the financial institutions at the forefront of this change is CIBC (Canadian Imperial Bank of Commerce). Whether you're a novice or a seasoned user of this electronic service, understanding the limits and options available can maximize your experience. Here, we'll unravel how much you can e-transfer with CIBC and how you can do this via online banking, through the mobile app or by calling customer service.

Option 1: CIBC Online Banking

Using CIBC Online Banking to conduct an e-Transfer is a straightforward and quick process. However, it's essential to know the maximum amount you can transfer to ensure a seamless transaction. The limit per day for a regular CIBC client is $3000, while for a Private Wealth Management client, the daily maximum is usually $10,000.

But how can you increase your e-Transfer limit? With CIBC, it's a breeze. All you need to do is log into your account, click on 'Customer Services', then 'Banking Services'. Under 'Banking Services' you will see 'Increase e-Transfer Limits'. After selecting this option, you can now input your preferred amount and confirm. Just like that, your e-transfer limit has been successfully increased.

Option 2: CIBC Mobile App

If you prefer banking on-the-go, CIBC's Mobile App is a splendid option. This handy tool doesn't only allow you to make transactions, but it also keeps track of your spending. Similar to online banking, the e-transfer limit applies, but the maximum amount can still be increased through the app.

To increase your e-Transfer limit on the mobile app, log into your account and select 'More Services'. Then, click 'Increase Interac e-Transfer Limit'. You can now choose the amount that suits your needs and confirm your updated limit. The mobile app offers the convenience of doing this from anywhere at any time.

Option 3: Call CIBC Customer Service

For clients who feel more comfortable speaking to a representative, you now have the option to call CIBC Customer Service. Don’t worry; this doesn't mean your e-Transfer limit is fixed. The customer service representative can assist you in raising the limit.

To do this, dial 1-800-465-2422 (in Canada) or 1-902-420-2422 (outside of Canada) and choose the relevant options. Once connected with a representative, you can request to increase your limit. After answering some security questions to verify your account, your e-Transfer limit should be successfully updated.

Conclusion

With CIBC, managing your money has been made much more accessible, while still keeping security and reliability at its core. By using online banking, the mobile app, or calling customer service, CIBC makes it easy for clients like you to control your e-Transfer limit, thereby catering to your individual needs. The power to facilitate and secure your transactions is literally at your fingertips.