How to Increase E-Transfer Limit with CIBC: A Comprehensive Guide

Canadian Imperial Bank of Commerce (CIBC), one of Canada's biggest banks, has become integral to the lives of many Canadians, enabling seamless transactions. One of the invaluable features they provide is the e-Transfer service, simplifying the process of sending and receiving money. However, being aware of your e-Transfer limit and knowing how to increase it if necessary, is an aspect often overlooked. In this article, we're explaining how to increase your e-Transfer limit with CIBC via three different options - online banking, mobile app, and customer service call.

Increasing E-Transfer Limit Through Online Banking

Online banking offers a convenient and straightforward solution to adjust your e-Transfer limit. Here is how you can do it:

• Log in to your CIBC online banking account.

• Choose the 'Customer Services' tab, then proceed to 'Bank Accounts' and click on 'View and Edit Limits'.

• From here, you can edit the e-Transfer limit to your desired amount, within CIBC's allowable range. Save changes.

• If you require an increase beyond the displayed range, you will need to consult with CIBC directly.

Using Mobile App To Modify E-Transfer Limit

The CIBC mobile app offers similar functionality as their online platform, including editing your e-Transfer limit. Follow these simple steps:

• Open the CIBC mobile app and log in to your account.

• Tap on the 'More' button at the bottom right corner.

• Select 'Transfers' and then 'Edit Send Limit'.

• Adjust your limit within the ranges provided and confirm the changes.

• For a higher increase, it is advisable to contact the bank's customer service.

Calling Customer Service for E-Transfer Limit Increase

If you're unable to increase your limit via the above methods, or need an increase beyond the allowable range, your best option is to call CIBC's customer service. Here's what you need to do:

• Find the customer service number on the back of your CIBC debit or credit card, or on the bank's official website.

• Once you get through, explain that you want to increase your e-Transfer limit.

• They may ask you a series of security questions to verify your identity. They may also require details about your e-Transfer history and reasons behind the increase request.

• Once approved, your e-Transfer limit should be increased - this may take effect immediately, or might require up to one business day, depending on the bank's policies.

Conclusion

Increasing your CIBC e-Transfer limit can be done with ease, whether through online banking, their mobile app, or a simple phone call to customer service. Always remember to stay updated about your transfers' limits to ensure seamless transactions in the future.