How to Open a RRSP Account with CIBC: A Comprehensive Guide

Welcome! Today, we will guide you through opening a Registered Retirement Savings Plan (RRSP) account with the Canadian Imperial Bank of Commerce (CIBC). An RRSP is a brilliant and tax-efficient way to save for your retirement. This step-by-step guide will include methods on how to open your RRSP account with CIBC by online banking, mobile app, and calling customer service.

Option 1: Open a RRSP Account with CIBC via Online Banking

The modern age of digital banking makes opening a RRSP with CIBC a breeze. Here's how you do it step-by-step:

• Visit the CIBC official website and hover over 'Products and Services.'
• Select 'Investments' then click on 'RRSPs.' This will redirect you to the page dedicated to CIBC's RRSP offerings.
• Click on the “Open an RRSP” button. This will initiate the account opening process.
• Follow the instructions provided. You'll need some personal details, including your Social Insurance Number and employment information.
• After entering all your details, review your application, and submit it.

Option 2: Opening a RRSP Account with CIBC via Mobile App

CIBC's mobile app makes it even easier to open an RRSP. Here is a step-by-step guide:

• Download the CIBC Mobile Banking App from the App Store or Google Play.
• Login to your account. If you are not a CIBC customer, you will need to create an account first.
• Once logged in, select 'Menu,' then tap on 'Open a new account.'
• Next, select 'Registered Accounts' and choose 'RRSP.'
• Provide all required information, review your application, and tap 'Submit.'

Option 3: Opening a RRSP Account with CIBC via Customer Service

If you prefer human assistance or have specific enquiries, CIBC's customer service is available to help. Follow these steps:

• Call the CIBC’s customer service at 1-800-465-2422. For residents outside Canada and the U.S., dial 902-420-2422.
• After navigating through the automated answering system, ask to speak with a representative about opening a RRSP.
• The representative will guide you through the process and ask for necessary information like your Social Insurance Number and employment details.

Final Thoughts

Whichever route you choose to open an RRSP with CIBC, each is designed to provide a seamless, stress-free experience. It's easy to take control of your financial future with CIBC's range of banking options. So why not start today?