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How to Increase Your Daily Debit Purchase Limit with CIBC: A Comprehensive Guide

The Canadian Imperial Bank of Commerce (CIBC) offers an extensive range of financial services to its customers, one of which includes the flexibility of adjusting your daily debit purchase limit. This guide walks you through three methods for increasing this limit: online banking, mobile app, and customer service. These are available at your convenience and chosen based on individual preference. Let us explore each of these in detail.

Increasing Daily Debit Purchase Limit through Online Banking

As one of the oldest banks in Canada, CIBC provides a top-tier, user-friendly online platform that you can use to manage your banking needs, including your debit purchase limit.

• Login to your CIBC online banking account using your card number and password.
• From the 'Account Summary' page, navigate to 'Customer Services'.
• In the drop-down menu, find and select 'Card Management'.
• Choose your card and locate 'Daily Debit Purchase Limit'.
• Click 'Edit' and input your desired limit. Confirm the changes. A message should appear confirming the successful change.

Remember, your new limit is subject to CIBC terms and conditions and approvals. Not all incremental increases may be granted without further identity verification to safeguard your account security.

Managing Your Debit Purchase Limit via CIBC Mobile App

The CIBC mobile app offers a seamless experience in managing your bank accounts. Follow these steps to raise your purchase limit through the application:

• Launch the CIBC mobile app and log in.
• Tap on 'More' on the bottom right corner of the interface.
• Under 'Banking', select 'Debit Card Limit'.
• Pick the debit card for which you want to change the limit, tap 'Edit Limit', set your new limit, and tap 'Save'.

Once again, the updated limit is subject to approval by the bank, and you may require additional authentication to confirm your request.

Contacting CIBC Customer Service

If you are not comfortable using digital platforms or require personal assistance, you can conveniently contact CIBC's customer service helpline. Here's how:

• Call CIBC's customer service at 1-800-465-CIBC (2422).
• Verify your identity with the customer service representative.
• Request an increase in your daily debit purchase limit.

The customer service method may take a bit longer, especially during peak hours, but it provides personalized service.

Take-home Points

There are multiple ways to increase your daily debit purchase limit at CIBC, each offering a unique level of convenience and personalized service. Whether you prefer the ease of the online banking platform, the accessibility of the mobile app, or the dedicated assistance of customer service, CIBC has got you covered. Always remember to set reasonable and safe debit purchase limits to secure your financial health while enjoying the flexibility offered by CIBC.