Tips for Canadians Studying in the US or Abroad
Owning more than one bank account can be useful for several different reasons. For instance, many consumers find they can track their finances better by using separate credit cards and chequing accounts for specific bills and annual payments. Further, those who own small businesses find that having a bank account for their business and one […]
When consumers want to take out a large sum of money for a big purchase, such as a car or a house, they often have to apply for a loan to ensure they can afford it. When applying for a loan, you’ll be charged an interest rate, the amount of which varies from bank to […]
If you want to apply for a loan or credit, it’s a good idea to stay up to date with your personal finances. When looking to make a large purchase or financial investment, such as a house or vehicle, your credit score will significantly impact whether or not your credit or loan will be approved. […]
Nowadays, many people have accounts at multiple banks, where they use their separate accounts for different transactions. This is common for consumers who own small businesses and wish to keep their personal bank balance separate from their business. However, if you need to add money to one of your bank accounts, whether to pay an […]
When you create a bank account, you’re provided with an account page online that includes all the necessary information to make and complete transactions through your chosen banking institution. One of the most important things tied to your bank account is your account number. This number is just as important as a social insurance […]
After opening a new bank account, whether for personal or business reasons, the next important step is to fully activate all areas of your bank account, such as setting up auto-deposit, opening savings accounts, and activating your cards. Once you’ve received your new credit card, you’ll need to activate it before you can use it. […]
INTERAC e-transfer is a very common and convenient way to send money to friends or merchants, as it only takes a few minutes! However, if you’ve noticed that the e-transfer you sent wasn’t accepted by the recipient, you may wonder what will happen to the balance of money that you removed from your account. […]
These days, many employers prefer to pay their staff using direct deposit, as it is faster and more efficient than writing out paycheques manually. An easy way to get your direct deposit set up through your employer is to bring them a void cheque containing your banking information. If you have an account through […]
When tax season comes along, it’s important to ensure all your information regarding your personal and business income and transactions are in order. One of the easiest ways to organize and access this information is by getting a bank statement. If you’re an account holder at CIBC, you may wonder where and how to […]
When you’re applying for a loan or purchasing a financial product, an important factor to consider is your bank’s prime rate. Those who are looking to make a big financial investment, such as purchasing a car or a new home, should be aware of how much interest they’ll be charged before going ahead with their […]
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