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How to Change Your Daily Withdrawal Limit with CIBC: A Comprehensive Guide

Withdrawing money from your bank account is a common task that most of us do regularly. But there may come a time when you need to withdraw more money than your account's daily limit allows. Fortunately, the Canadian Imperial Bank of Commerce (CIBC) offers several ways to change your daily withdrawal limit. Here, we will cover three main methods: online banking, the mobile app, and customer service calls.

Change Your Daily Withdrawal Limit Through Online Banking

It is easy and convenient to change your daily withdrawal limit with CIBC online banking from your computer. The following steps will guide you through the process:

• First, go to cibc.com and sign in to your account.
• From the account summary page, go to "Account Services" or "Customer Services".
• Select "Change Daily Withdrawal Limit".
• Choose the account for which you want to change the limit.
• Enter your new desired daily withdrawal limit.
• Review your changes, then click "Save Changes". You will receive a confirmation message once your limit has been successfully changed.

Using the CIBC Mobile App to Adjust Your Limit

The CIBC Mobile Banking App provides another way to change your daily withdrawal limit. You can follow these steps on any iOS or Android device:

• Download the CIBC Mobile Banking app from the App Store or Google Play.
• When you open the app, sign in using your CIBC online banking credentials.
• From the main menu, select "More Services".
• Then, choose "Manage my Accounts".
• Find and select "Change Daily Withdrawal Limit".
• Choose the account for which you'd like to adjust the limit and input your new desired daily limit.
• Save changes and wait for a confirmation message to verify that your limit has been updated.

Contacting Customer Service to Alter Your Withdrawal Limit

If you prefer personal assistance, you can contact CIBC’s customer service to have your daily withdrawal limit changed. The steps are as follows:

• Before calling, gather any necessary information including your bank account number and personal identification for verbal confirmation.
• Call CIBC's customer service at 1-800-465-2422.
• Follow the automated prompts to speak with a customer service representative.
• Ask for assistance in changing your daily withdrawal limit, and provide your information for verification purposes.
• Once your identity is confirmed, the representative will assist you in changing your daily withdrawal limit.

Remember, adjusting your withdrawal limit can impact your financial security. Always consider your financial needs and security before making changes. Regardless of the method you choose, CIBC makes it easy to manage your accounts and ensure you have access to your money when you need it.