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How to Buy Stocks in Canada Using CIBC: Online Banking, Mobile App, and Customer Service

Canadian Imperial Bank of Commerce (CIBC), one of Canada's largest and most trusted banking institutions, offers a range of options for investing in the stock market. With modern advancements in technology, the bank provides several easy and convenient ways to buy stocks, including online banking, mobile apps, and good ol' customer service. In this article, we dissect each method, guiding you on this journey to financial success.

Buying Stocks Through CIBC Online Banking

Trading stocks have never been easier with CIBC's online banking platform. This platform provides you with near-instant access to your trading account, allowing for seamless buying and selling of stocks.

Here's how you can buy stocks via CIBC's online banking:

• To get started, you'll first need to open a CIBC Investor's Edge account. After logging into your CIBC online banking, navigate to the 'Investments' section and click on 'Open an account.'
• Once your account is set up, deposit funds into it. You can do this by transferring money from your CIBC savings or checking account.
• After funding your account, it's time to research the stocks you're interested in. CIBC's online platform provides a stock screening tool that helps you filter stocks based on your preferences and investment goals.
• When you're ready to buy, select your chosen stock, enter the number of shares you want to purchase, and click 'Trade.'

Purchasing Stocks Using CIBC Mobile App

If you prefer banking on the go, CIBC's mobile app is your best bet. Just like the online banking option, the CIBC Mobile Banking App provides essential functions for buying stocks. This app is handy and easy to use, allowing you to trade stocks right at your fingertips!

• First, download the CIBC Mobile Banking App from the App Store or Google Play Store, then sign in with your online banking credentials.
• Next, tap on the 'Trade' tab at the bottom of the screen to access the trading platform.
• Search for stocks by symbol, name, or category. Once you’ve found the stocks you want to buy, tap on 'Buy,' enter the quantity, review the details, and confirm your purchase.

Buying Stocks Through CIBC Customer Service

For those who feel more comfortable talking to a live representative, you can buy stocks over the phone through CIBC's customer service. It's an ideal option for individuals who need assistance during their stock purchasing process.

• To get started, call the CIBC Investor Services line at 1-800-567-3343. Note that normal operating hours are from 8 a.m. to 6 p.m. Eastern Time, Monday to Friday.
• Once connected, request to speak with a trading representative. They'll ask you for specific security details to verify your identity before proceeding.
• When your account is confirmed, instruct the trading agent on the stocks you'd like to purchase. They'll confirm the details and execute the trade on your behalf.

In a nutshell, whether it's via online banking, mobile app, or customer service, CIBC provides an array of avenues for budding investors looking to break into the stock market. Always remember, while each method has its own merits and demerits, the end goal is the same - to get you trading like a pro. Happy investing!