Share:

CIBC Customers Have Deposited Over 1 Million Cheques via the Mobile App

Share:

CIBC was the first ‘Big 5’ Canadian bank to launch ‘photo chequing’ in their mobile app, which let customers deposit paper cheques using their smartphone camera. Today, the bank has announced over one million cheques have been ‘eDeposited’ this way, since the feature launched last November:

“Depositing cheques using a smartphone would have been hard to imagine even a few years ago, and today clients across Canada are uploading photos of cheques and making deposits from wherever they are, anytime of day,” says Aayaz Pira, Vice-President, Digital Channels, CIBC. “Canadians expect their financial institutions to offer services that meet changing consumer needs, which is why CIBC continues to innovate to help our clients bank when, where and how they want.”

Back in May, NCR data noted Canadians had topped 1 million ‘photo chequing’ deposits led by CIBC and Tangerine. In the same month, CIBC was ranked the top Canadian ‘Big 5’ bank in terms of mobile banking features by Forrester Research.

Not sure why other ‘Big 5’ banks haven’t matched CIBC’s implementation of photo chequing yet. Have you been using the CIBC app to deposit cheques?

Share:

  • Martin

    I really wish other banks followed CIBC’s lead with ‘photo chequing’ as I hate having going to the bank just to deposit a stupid cheque (thankfully, it doesn’t happen very often). There’s really no reason why it’s taking them so long.

  • piyanis

    97/hr pavivdv by Google, I am making a good salary from home $5500-$7000/week , which is amazing, under a year ago I was jobless. I thank God every day I was blessed with these instructions and now it’s my duty to pay it forward and share it with Everyone, Here is I started…………..

    ————————————————

    ……….P????P.???…………

    ————————————————

    GO TO THE SITE –>> CLICK FINENCIAL REPORT FOR MORE DETAIL

  • piyanis

    awsome

  • ticky13

    The only other bank I’ve found in Ontario that has photo chequing is Tangerine (formerly ING Direct).

  • gregindeepriver

    using cheques is nuts, in Europe people xfr $ to friends/biz directly, no Interac or cheques, e.g., I received a traffic ticket and it had bank account # (like all invoices); went on line and transferred payment. e.g., owed friend money, he gave me his bank account # and I transferred $ directly, no middle man, no photo of cheques, North America is so behind

Deals