Canadian Imperial Bank of Commerce, or in short CIBC near you, is a Canadian multinational banking and financial services corporation headquartered in CIBC Square in the financial district of Toronto, Ontario.
CIBC, a name known worldwide
CIBC was established through the 1961 merger of the Canadian Bank of Commerce (founded in 1867) and the Imperial Bank of Canada (founded in 1873), in the largest merger between chartered banks in Canadian history.
Also, CIBCÂ is one of two “Big Five” banks founded in Toronto, the other being Toronto-Dominion Bank.
How many CIBC locations are there in Canada?
CIBC (Canadian Imperial Bank of Commerce) operates an extensive network of branches throughout Canada, and according to the latest reports, their number would exceed 1,100.
It should be noted that CIBC has hundreds of branches in different cities and towns throughout the country.
These include branches located in major urban centers such as Toronto, Vancouver, Montreal, Calgary and Ottawa, as well as in many other smaller communities in the provinces and territories.
CIBC opening hours
Unlike other banking institutions, CIBC’s working hours are different.
Thus, we have to deal with CIBC opening hours at 8.30 in the morning and closing hours at 19.30, from Monday to Friday.
Also, they work here on the weekend, mentioning that on Saturday the schedule is between 9.00 and 17.00, and on Sunday between 12.00 and 17.00.
Does CIBC provide special promotions for customers?
If the answer is negative in the case of offers, you should know that CIBC periodically promotions for customers, but these may vary depending on the period and region.
Thus, first of all, it can offer special promotions for opening a new account or meeting certain conditions, such as transferring certain amounts of money to the account or maintaining a minimum balance.
CIBC often launches special promotions for applying for or using credit cards.
These promotions may include annual fee discounts, cashback or bonus reward points.
CIBC may give preferential interest rates or reduced fees associated with loans and credits for certain periods of time or under certain circumstances.
There are therefore many CIBC offers that you can take advantage of!
About CIBC
Researching the bank’s history, I discovered that in 1936, CIBC was the first Canadian bank to establish a personal loan department.
And one more detail: although banks were prohibited from mortgage credit activity in 1871, the Canadian government asked them to provide mortgage services after the Second World War.
So, since 1954, Canadian banks have started offering mortgages for new constructions.
11 million customers
CIBC has four strategic business units:
Canadian Personal and Business Banking, Canadian Commercial Banking and Wealth Management, US Commercial Banking and Wealth Management and Capital Markets.
In addition, it has international operations in the United States of America, the Caribbean, Asia and the United Kingdom. Worldwide, CIBC serves over eleven million clients and has over 40,000 employees.
Services provided by CIBC store near you
CIBC offers various financial services for individual clients, small and large businesses, organizations and institutions.
First, it is about opening savings, current, and short- or long-term deposit accounts.
These are used for According to the company’s management, the institution provides loans and credits for various needs, including mortgages for the purchase of a house, car loans, personal loans, lines of credit and business financing.
Credit cards at CIBC
CIBC regularly issues credit cards and debit cards, which can be used for making payments and cash withdrawals.
These include rewards credit cards, business credit cards and debit cards linked to bank accounts.
CIBC have investment and financial planning services for clients who want to manage their savings and build a diversified portfolio.
These services include financial consulting, asset management and retirement planning.
Even big customers benefit from the special services offered by CIBC, and if you are interested in finding out more, you can contact CIBC directly through their official website or by calling the phone number available for customer assistance.
Rewards Program
There is even a rewards program called “CIBC Rewards” for their credit cards that offers reward points that can be used for travel, products or other benefits.
CIBC can also send personalized special benefits to their customers, so it’s no wonder we’re dealing with one of the most popular banks in Canada and the world.
