Tips for Canadians Studying in the US or Abroad
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 […]
When the time comes to make a large financial investment, such as purchasing a vehicle or a piece of property, many consumers will request a bank draft from their bank instead of paying with a cheque or another similar method. This method of payment is considered to be more reliable for certain situations, as there’s […]
Today, many consumers hold multiple bank accounts at different financial institutions. This allows them to keep track of certain payments separately, which can help to ensure that they have the right amount of money set aside for specific transactions. This is particularly common for individuals who own small businesses or are self-employed, as they can […]
Many employers and merchants will request that you get a void cheque for various reasons. For instance, you may need a void cheque to set up a direct deposit account or to include it in your employment record at work. These cheques help verify your identity so you can complete bank withdrawals, automatic deposits, and […]
Using e-transfer is a great way to send money back and forth with family and friends, as it’s a quick, easy method that only takes a few minutes to complete. However, what do you do if you accidentally send the wrong amount of money, enter the wrong email address, or have another similar issue? In […]
One of the main advantages of banking in Canada is the ability to send e-transfers from one bank account to another without requiring the use of third-party apps. Usually, e-transfer doesn’t take too long to process, though each bank will have its own individual transfer time. If you are sending or receiving an e-transfer from […]
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