How do you set up an online checking account with CIBC?


Quick Answer

Individuals can set up online checking with CIBC by registering for an account using their credit or debit card numbers and expiration dates, states the Canadian Imperial Bank of Commerce. CIBC sends a verification code via phone or email, which customers must enter to verify their identities.

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Full Answer

Customers are then asked to create a password to protect their account, and must agree to the bank's Electronic Access Agreement, states the CIBC. Customers can call the CIBC customer service number for help with their online account 24 hours a day.

With an online account, customers can view transactions, view credit card and bank statements, transfer money and pay bills, advises the CIBC. Transactions are not tracked until after the customer initiates his first online transaction. Customers can also opt to receive account alerts including payment due dates, suspected fraudulent activity and spending limits.

The bank maintains online eStatements for up to seven years for customers who are registered for online banking. The online account also includes tools such as graphs and charts to understand spending habits, track assets and meet savings goals, states CIBC. The CIBC CreditSmart Personal Spend Manager helps customers to budget and allows them to create and assign budget categories for each transaction.

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