CIBC Mobile Banking now lets Canadians deposit cheques with their phones

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Launch mobile banking app.

CIBC, the first bank in Canada to launch a Mobile Banking App, has extended its suite of mobile banking innovations with eDeposit, a new feature that lets personal and small business clients deposit cheques to their CIBC account simply by taking a photo of the cheque with their mobile device.

“The convenience of depositing cheques simply by taking a picture with your phone means you can make a deposit where, how and when you would like, which will save CIBC’s clients time and provide faster access to those funds,” said David Williamson Senior Executive Vice President and Group Head, Retail and Business Banking, CIBC. “Whether you are a small business owner with a handful of customer cheques at the end of day or an employee getting your weekly paycheque, you can literally make a deposit within seconds.”

Adding a mobile cheque deposit feature was the top request identified by CIBC clients, who deposit millions of cheques each year. As with all of CIBC Mobile Banking Apps, the CIBC eDeposit feature is safe and secure. None of the financial information is stored on your device and all wireless transmissions are securely encrypted

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