What Time Does CIBC Get Direct Deposit? A Comprehensive Guide

Direct deposits are a convenient, modern method of managing your funds in the digital age. Whether it's for recurring payments such as salary, benefits or pension or one-time payments like tax refunds, direct deposits can make your banking experience smoother and easier. Today, we're going to discover when Canadian Imperial Bank of Commerce (CIBC) processes direct deposits and explore the various ways you can set up and manage direct deposits through online banking, mobile app, or by calling customer service.

Timing of CIBC Direct Deposits

The timing of when your direct deposit hits your CIBC account can depend on several factors like the sender's bank protocol, the type of transaction, and the time the payment was initiated. Typically, CIBC processes direct deposits overnight. This means that funds are usually available in your account early in the morning of the deposit date. However, the exact timing can vary, so it's always a good idea to regularly check your account balance.

Setting Up Direct Deposits With CIBC Online Banking

CIBC online banking provides an efficient and user-friendly environment where you can set up direct deposits with a few simple clicks. Here's a step-by-step guide on how to set it up.

• Login to your CIBC online banking account.
• On the main page, click "Accounts."
• Choose the account into which you want the direct deposit made.
• Click on direct deposit form, fill it and follow the on-screen prompts to complete the setup.

Managing Direct Deposits Using CIBC Mobile App

The CIBC mobile app offers the same functionality as online banking but with the added convenience of mobility. Like online banking, setting up direct deposits via the app is easy.

• Open your CIBC mobile app and sign in.
• Navigate to "Accounts."
• Select the account you want to deposit into.
• Choose "Direct deposit form" and follow the easy instructions to complete the job.

Calling CIBC Customer Service for Direct Deposits

If you prefer speaking to a live person, calling CIBC's customer service line could be your best option. CIBC’s customer service representatives are trained to walk you through the process of setting up direct deposits and can answer any questions you may have about the procedure.

• Call the CIBC customer service line at 1-800-465-2422.
• Listen to the automated menu and choose the option for banking services.
• When connected to a representative, tell them you want to set up a direct deposit to your account.
• They'll guide you through the process step by step.

This comprehensive guide covers the essentials on CIBC direct deposits, providing an insight to what time does CIBC get direct deposit and the options available for setting it up. Remember, banking is meant to make your life easier, not complicate it, so choose the method that is most convenient and comfortable for you.