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Setting Up Direct Deposit with CIBC: Comprehensive Guide

Setting up a direct deposit with the Canadian Imperial Bank of Commerce (CIBC) can streamline your finances by ensuring your regular income is deposited directly into your account effortlessly. In this guide, we will explore three methods you can use to set up direct deposit with CIBC, namely via online banking, mobile app and calling customer service.

Setting Up Direct Deposit via CIBC Online Banking

Online banking offers a convenient way to set up direct deposit with CIBC. Before starting, ensure you have your employer's or depositor's banking information. Follow the steps below:

• Log in to your CIBC Online Banking account.
• Click on 'Account Services'.
• Select 'Direct Deposit Form' from the drop-down menu.
• Fill in the necessary fields, including the deposit amount and frequency.
• A pre-filled form will be generated which you can print and give to your employer or depositor.

Note: Always double-check the information you provide to avoid delays or errors in your direct deposit.

Setting Up Direct Deposit via CIBC Mobile App

If you prefer banking on the go, you can set up direct deposit using the CIBC Mobile Banking App. Here's how:

• Log in to your mobile app.
• Select your desired account.
• Choose 'More' and then select 'Direct Deposit Form'.
• The details of your chosen account, including Institution Number, Account Number, and Transit Number, will be pre-populated on the form.
• Email the form to yourself, print it, and provide it to your employer or depositor.

Remember: Your mobile banking app must be updated to the latest version to access all its features smoothly.

Setting Up Direct Deposit via CIBC Customer Service

If you prefer personal assistance, calling CIBC customer service can be your best bet. By discussing directly with a representative, you can ask specific questions and ensure that all details are correct. Follow these steps:

• Reach the CIBC customer service hotline at 1-800-465-2422.
• Once connected, ask the representative to assist you in setting up the direct deposit.
• Provide all necessary information, including your account number and type, deposit frequency and amount. The representative will guide you through each step.
• After the call, CIBC will send you a pre-filled form via mail or email (based on your preference) which you then give to your employer or depositor.

Note: Keep in mind the business hours of the hotline. M-F, 7:00 a.m. to 10:00 p.m. ET, and Sat-Sun, 9:00 a.m. to 6:00 p.m. ET.

Conclusion

Strategically utilizing these direct deposit methods can enhance your financial management and save you time. Whether you choose to set it up via online banking, the mobile app, or through a customer service representative, CIBC ensures a convenient and secure process tailored to your preferences. With this guide, setting up your direct deposit with CIBC should be a breeze.