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How to Close a CIBC Bank Account: Your Ultimate Guide

Having a bank account is essential, but there may come a time when you decide to close your account, whether it's to consolidate funds, switch to a different financial institution, or any other reason. When it comes to the Canadian Imperial Bank of Commerce (CIBC), various options allow you to close your account in a hassle-free way. Here, we breakdown the process of closing your CIBC bank account through online banking, their mobile app, or by calling their customer service line.

Closing a CIBC Bank Account through Online Banking

Say goodbye to lengthy, physical processes; you can close your CIBC bank account from the comfort of your home. Here are the steps to close your account via online banking:

• Step 1: Log into your CIBC online banking account.
• Step 2: Once you're in, navigate to the "Customer Services" tab.
• Step 3: Click on the "Close an Account" option.
• Step 4: Select the account you wish to close; confirm your decision.
• Step 5: Follow the prompts to complete the closure process.

It's important to remember that you should clear any outstanding balance and stop any automated payments before closing your account.

Closing a CIBC Bank Account through the Mobile App

If you prefer using your smartphone for banking transactions, the CIBC mobile app is at your service. Here are the steps to follow:

• Step 1: Open your CIBC mobile app and log into your account.
• Step 2: Tap on the "More" button at the bottom of the screen.
• Step 3: Select "My Accounts."
• Step 4: Tap on the account you want to close.
• Step 5: Scroll down and tap on "Close Account."
• Step 6: Follow the instructions to complete the account closure.

Again, ensure to clear any pending charges or transfers before initiating the account closure.

Closing a CIBC Bank Account by Calling Customer Service

If you're finding the digital methods a bit challenging or prefer human assistance, you can call CIBC’s customer service for help. Let's walk through the process:

• Step 1: Dial the CIBC customer service line at 1-800-465-2422.
• Step 2: Once connected, choose to speak with a customer service representative.
• Step 3: Explain that you wish to close your bank account. They may ask some security questions to confirm your identity.
• Step 4: Follow their instructions to proceed with the account closure.

Remember to ask for a confirmation after your account is closed, regardless of the method you choose.

In conclusion, closing your CIBC bank account has never been this straightforward. With multiple options at your disposal, you can choose the one that suits your preference and comfort.