CIBC

CIBC, Simplii Financial Launch Scheduled and Recurring Interac e-Transfers

CIBC announced on Monday it has launched new Interac e-transfer features for its personal banking customers, in the form of scheduled and recurring transfers for payments. The financial institution says it is the first of Canada’s big five banks to offer the feature for personal customers. The new feature means Interac e-Transfers can be scheduled...

You Can Now Apply for a CIBC Costco Mastercard in Canada [Update]

CIBC has officially launched its new Costco Mastercard in Canada, as announced by the wholesaler on Monday, with applications available online and at Costco warehouses. The CIBC Costco Mastercard offers up to 3% cash back (1% cash back at Costco) and has no annual fee. CIBC says you’ll be able to redeem your annual Costco...

CIBC Costco MasterCard to Launch Apple Pay, Google Pay in May 2022 [Update]

Last fall it was announced CIBC was set to takeover Costco Canada’s Mastercard portfolio from Capital One, and as of late last week, the Canadian bank started its transition of taking in new customers. But fast forward to Monday morning, and it hasn’t been a good launch for CIBC. According to existing Capital One credit...

CIBC Mobile App Ranked No. 1 by J.D. Power for Second Consecutive Year

For the second consecutive year, CIBC’s mobile banking app has received the highest ranking in customer satisfaction in Canada among the Big Five banks, according to the latest study from J.D. Power. From March 1 to April 3, the J.D. Power 2021 Canada Banking Mobile App Satisfaction Study measured overall satisfaction with mobile banking apps...

CIBC Increases Debit Tap Limit to $250 for Apple Pay and Other Mobile Wallets

CIBC has announced its debit tap limit for mobile wallets such as Apple Pay, Google Pay and Samsung Pay have increased to $250 for its CIBC Advantage Debit Card. "We know many of our clients want more options for touchless transactions, and want to support local retailers in the crucial holiday shopping season," said Laura Dottori-Attanasio,...

CIBC Offers 50% Rebate for 2 Months of Streaming on Crave and DAZN

CIBC has promo right now for its credit card customers, offering 50% off two months of streaming from Bell’s Crave and live sports streaming service DAZN. According to CIBC, "You’ll get a 50% rebate on your credit card statement for the first two months of your subscription." Those signing up for Crave just need to...

CIBC Mobile Banking App Ranks First in Canada According to Satisfaction Study

The CIBC Mobile Banking app has ranked first in the latest J.D. Power 2020 Canada Banking Mobile App Satisfaction Study. The bank’s mobile app topped other Canadian rivals when it came to satisfaction released to ease of navigation, visual appeal, speed and information/content. "At a time when Canadians are more reliant on technology than ever before...

Canadian Seniors Lead Surge in Digital Banking During COVID-19 Pandemic: CIBC

During the COVID-19 pandemic, banking habits changed as people stayed home and avoided going out during quarantine measures. According to CIBC, during the coronavirus pandemic, seniors helped lead the surge in digital banking. The bank detailed today how seniors aged 65 or older in Canada increased digital banking at CIBC, resulting in a 250% increase...

You Can Apply for the Canada Emergency Business Account (CEBA) from CIBC Digitally

CIBC has announced today it has is ready to launch a fully digital application for the Canada Emergency Business Account (CEBA), which is part of the federal government’s $25 billion loan program for Canadian small businesses during the COVID-19 pandemic. With branches either closed or offering limited business hours, CIBC says small businesses can apply for the...

CIBC Launches Text Alerts for Insufficient Funds for Upcoming Payments

CIBC announced this morning a new feature called Smart Balance Alert, which it says will notify you when an account has insufficient funds to cover an upcoming payment. "The first-in-Canada CIBC Smart Balance Alert provides clients with a reminder to transfer funds to avoid a returned payment,” explains the financial institution. The bank says personal...