How to Withdraw Money from Your GIC Account with CIBC

Withdrawing funds from your Guaranteed Investment Certificate (GIC) account with the Canadian Imperial Bank of Commerce (CIBC) can be simpler than you imagine. The process is highly efficient and entails straightforward steps that can be completed through online banking, their mobile app, or by calling customer service. Here's an in-depth guide on how you can navigate these options:

1. Online Banking

Online banking provides a convenient way to manage your GIC accounts with CIBC right from the comfort of your home. All you need is secure access to the internet. Follow the steps below:

• Visit the official CIBC online banking website.
• Log in using your card number and password.
• Click on 'My Accounts' and select your GIC account.
• From the dropdown menu, choose 'Withdraw' and follow the prompts.
• Confirm and submit your withdrawal request. You should receive a confirmation shortly.

2. Mobile App

CIBC's award-winning mobile app brings the bank to your fingertips, allowing you to manage your GIC accounts easily. Here's how to withdraw money from your GIC account using the app:

• Download the CIBC Mobile Banking App from Google Play or the App Store, if you haven't already.
• Log in with your card number and password.
• Under 'Accounts,' select your GIC account.
• Tap on 'Transfer' then 'Withdraw.'
• Follow the prompts and confirm the withdrawal transaction to complete it.

3. Customer Service

If you prefer to speak directly with a CIBC representative, the customer service route is for you. Here’s how you can reach out:

• Call the CIBC customer service line at 1-800-465-2422. For those overseas, dial +1-902-420-2422.
• After the prompts, choose the option for “GIC services.”
• Once connected, explain that you would like to withdraw money from your GIC account.
• Provide the representative with the necessary details and follow their instructions to complete the withdrawal.

Whether you choose to utilize online banking, the mobile app, or customer service, CIBC simplifies the process of withdrawing your money from a GIC account. Remember to consider the maturity date of your GIC to avoid potential penalties. Enjoy seamless banking with CIBC!