CIBC Mobile Banking Now Lets You Deposit Cheques with Your iPhone’s Camera

CIBC has released a major update to their Mobile Banking app for the iPhone and iPad. This new version brings CIBC eDeposit to allow you to deposit cheque by just using your iPhone or iPad’s camera.

All you have to do is sign the back of your cheque, snap a picture of both front and back and submit it. CIBC is the first major Canadian bank to add this feature. Last year a report mentioned the ‘Big Six’ banks all had plans to introduce photo chequing, and it looks like CIBC is first out of the gate (Westminster Savings earlier this year was the first iOS app in Canada to add photo chequing):

What’s New in Version 5.0
Version 5.0 offers:

• CIBC eDeposit™: An exciting new feature to deposit your Canadian personal or business cheques by using your iPhone, iPod Touch or iPad. Just sign in with CIBC Mobile Banking and select the “eDeposit” option. Then just take a photo of the front and back of your cheque, sign the back of it, select your account and type the amount of your cheque. The final step is to hit submit and then you’ll receive confirmation.

• A brand new design inspired by the sleek and simple design of iOS 7 for iPhone, iPod Touch or iPad.

Cibc 50 Cibc 5

Also new is a redesign for iOS 7 to bring the app in line with the latest operating system.

Click here to download CIBC Mobile Banking for iOS—it’s free. Let us know how the eDeposit feature works for you!

Thanks @Jr_Cortorreal!

Founder and Editor-in-Chief of iPhoneinCanada.ca. Follow me on Twitter, and @iPhoneinCanada, and on Google+.

  • ticky13

    Taking bets on how many years before the PC Financial app allows this, despite being owned by CIBC.

  • Chzplz

    Cheques – I remember those from the 90’s.

  • Mike Fradette

    We should take bets on how long it will be before BMO does this…their app hasn’t been updated in over two years. I’ve considered switching banks…if it weren’t for my mortgage, business account and credit card

  • Aztek13

    Envision Financial has had it for about three months now. It’s so convenient.

  • LimBoSinKer

    ING Direct Canada which is owned by Scotiabank had this feature first in Canada. And it supports all platforms where it has an app for it. Geez..

  • Yeah, but we were referring to the ‘Big 6’ directly and not their subsidiaries. Relax, it’s a great feature for all 🙂

  • MatthewSantoro

    I bet 4-5

  • Phreak

    I was in contact with the CIBC today. For business accounts it’s one cheque = one deposit and regular rates apply. In other words, with my account as an example, it’s $6.50 per cheque.

  • Phfora

    PC Financial is an institution on his own. It uses CIBC network, but makes it own decisions.

  • SuzieQin Burl

    Tried this twice and keep getting the same error….:Please select a valid deposit amount” error code U6221….I will call them but has anyone else had this issue?