How to Transfer Money from Chequing to Savings with CIBC: Your Complete Guide

Managing your finances can feel like a chore. Fortunately, the Canadian Imperial Bank of Commerce(CIBC) makes the process easier with various methods for transferring money between accounts. We'll explore three ways to transfer money from your CIBC chequing account to your savings account: through online banking, the mobile app, and by calling customer service. From step-by-step guides to quick tips, this article has you covered.

Transfer Money Via Online Banking

Online banking is the most common method to transfer funds. Offering a simple and convenient process, CIBC's online banking platform allows you to move money seamlessly between accounts. Here's how:

• Log into your CIBC account online
• Click on "My Accounts" in the menu
• Select your chequing account
• Choose the "Transfer money" option
• Enter the amount you wish to transfer
• Select your savings account from the drop-down list
• Review the details and click "Submit"

Note: Be aware of your chequing account balance to avoid any overdraft charges.

Transfer Money via Mobile App

If you’re on the go, the CIBC mobile app offers a convenient way to manage your money right from your smartphone. To transfer funds from your chequing to your savings account:

• Open the CIBC mobile app and log in
• Tap on "Accounts"
• Select your chequing account
• Tap on "Transfer"
• Fill in the details, specifying the savings account as the receiver
• Verify the details and tap on "Confirm"

The mobile app can be handy for speedy transfers and banking on-the-go. Ensure it’s downloaded from the official App Store or Google Play Store to keep your account secure.

Transfer Money via Customer Service Call

If you have technical difficulties or prefer handling banking over the phone, CIBC’s customer service can facilitate your funds transfer. Here's how it works:

• Call CIBC’s customer service line. The telephone number can be found at the back of your bank card or through the CIBC website.
• Follow the voice prompts. You’ll typically need to enter your account or card number and corresponding password (usually your phone banking code).
• Select the option for account services or funds transfer.
• You will then be guided through the process, and the agent will transfer the funds for you.

Remember that calling hours may apply and queues can be longer during peak times.

Transferring funds from your chequing account to your savings shouldn’t be a complicated process. With CIBC's different options, you can choose the method that best suits your needs and schedule. Happy banking!