How to Deposit a Cheque With CIBC: A Comprehensive Guide

In the digital age, depositing a cheque can be as easy as taking a picture with your smartphone. In this guide, we will take an in-depth look at the different ways you can deposit a cheque with the Canadian Imperial Bank of Commerce (CIBC), one of Canada's leading financial institutions.

1. Online Banking

The advent of online banking has simplified the process of making deposits to your bank account. To deposit a cheque through CIBC online banking, follow these straightforward steps:

• Log in to your CIBC Online Banking account.
• From the account summary page, navigate to the 'Deposits' section.
• Select 'Cheque Deposit' and choose the account you want the cheque to go to.
• Enter the cheque details such as the amount and date.
• Create a digital image of your cheque following the guidelines provided.
• Review the information and click on 'Submit'.

Wait for the confirmation that your cheque has been successfully deposited. Please remember, it usually takes 1-2 business days for the funds to be available in your account.

2. Mobile App

CIBC's Mobile Banking App provides a fast and secure way to handle your banking needs from wherever you are. The 'eDeposit' feature in the app lets you deposit cheques right from your mobile device. Here's how:

• Download the CIBC Mobile Banking app from Apple App Store or Google Play Store.
• Sign in to your CIBC account using the same credentials you use for online banking.
• Select 'eDeposit' from the main menu.
• Take a picture of the front and back of your cheque with your smartphone’s camera. Ensure that all important details are clearly visible.
• Enter the amount written on the cheque.
• Choose the account to deposit your cheque into and confirm your transaction.

Please allow a few days for the processing of your deposit. CIBC will notify you once your deposit has been successfully processed.

3. Call Customer Service

If you’re unable or prefer not to use online banking or the mobile app for your transactions, you can always call CIBC’s Customer Service for assistance. Here’s how it works:

• Call CIBC Telephone Banking at 1-800-465-2422.
• Ask the agent to guide you through the process of depositing a cheque.
• Please ensure you have your banking details and cheque handy for the call.

Remember that due to security issues, some transactions are restricted over the phone and it's always recommended to use online or mobile banking for such tasks.

In conclusion, CIBC allows you the flexibility of depositing your cheques through online banking, their robust mobile app, or via a call to their customer service. Choose the method that suits you best and enjoy a seamless banking experience with CIBC.