How to Do a Direct Deposit with CIBC: Your Complete Guide

In today’s digital age, managing your finances has never been easier. Canadian Imperial Bank of Commerce (CIBC) offers various convenient ways for clients to set up direct deposits, such as through its online banking platform, mobile app, or by speaking directly with customer service. In this guide, we will walk you through each of these three options.

Setting Up Direct Deposit with CIBC Online Banking

Online banking provides an easy and secure way to manage your financial transactions, including setting up direct deposits. Here’s a step-by-step guide on how to do it:

• Login into your CIBC online banking account using your card number and password.
• Go to "Account Services" and click on "Set Up Direct Deposit".
• Select the account you want the deposit to go into.
• Fill in the required information like your employer’s name and the amount to be deposited.
• Accept the terms and conditions, then click "Submit".
• Follow any additional instructions to confirm the setup.

It's crucial to ensure that all the details you provide are correct to avoid any disruptions.

Setting Up Direct Deposit through the CIBC Mobile App

The CIBC mobile app is a perfect solution for clients who prefer banking on the go. Here’s how to set up a direct deposit:

• Open your CIBC mobile app and log in with your credentials.
• Tap on the account where you want the deposit to go.
• Select "More" and then click on "Direct Deposit Form".
• Fill in the necessary information, including your payroll provider’s details and the deposit amount.
• After confirming all the details, tap "Submit".

Please be aware that it might take a few business days for the changes to be reflected in your account.

Setting Up Direct Deposit via CIBC's Customer Service

If you're not confident in setting up direct deposit yourself, or if you have specific questions, CIBC's customer service is ready to help:

• Get in touch with CIBC's customer service by dialing 1-800-465-2422.
• Follow the automated prompts or ask to speak with a financial representative.
• Inform them about your desire to set up a direct deposit, provide the required details, and follow their instructions.

The customer service route may take a bit longer due to wait times, but it will provide personalized assistance.

Conclusion

Setting up a direct deposit with CIBC is straightforward. Whether choosing online banking, the mobile app, or customer service, each option offers secure and convenient ways to manage your direct deposit needs. Choose the method that suits your preferences and which brings you comfort and ease.