Pay off the Canadian Imperial Bank Of Commerce (CIBC) bank debt online: with a bank card, by transfer, via ATM

To pay off a CIBC loan, you can utilize their online banking platform or visit a CIBC banking center. Through online banking, navigate to the payment section and initiate a transfer from your CIBC account to your loan account. Alternatively, you can visit a banking center and inform a representative of your intent to make a loan payment. Provide them with your loan details and make the payment in person. Ensure you have the necessary funds available and check for any associated fees or penalties for early repayment.

Make payments online through the bank account

Access Your CIBC Online Banking Account. Begin by logging into your CIBC online banking account using your username and password. This grants you access to manage your finances securely from anywhere with internet connectivity.
Navigate to Payments Section. Once logged in, navigate to the "Payments" section of your online banking platform. This section is where you'll find options for managing various types of payments, including paying off your CIBC loan.
Select the Payment Option for CIBC Loans. Within the "Payments" section, look for the specific option labeled for making payments towards your CIBC loans.
Enter Payment Details. Click on the CIBC payments option to proceed. You'll be prompted to enter the necessary payment details, including the amount you wish to pay, the account from which the payment will be withdrawn (your CIBC bank account), and any additional information required by CIBC for processing the payment.
Review Payment Information. Before proceeding with the payment, take a moment to review the entered payment information carefully. Ensure that the payment amount, account details, and any other relevant information are accurate to avoid any errors.
Authorize the Payment. Once you've reviewed the payment information and confirmed its accuracy, proceed to authorize the payment. This typically involves clicking a button or selecting an option to confirm that you wish to proceed with the payment transaction.

Make payments through the app

It's important to note that, according to the information on the website, you cannot repay your personal loan through the CIBC mobile app. However, utilizing CIBC Online Banking or visiting a banking centre gives you the ability to make payments conveniently and securely. Whether you choose to make payments online or in person, ensure that you have the necessary funds available in your CIBC account to cover the payment amount.

CIBC Online Banking. Sign in to your CIBC online banking account using your username and password. Once logged in, navigate to the "Payments" section. From there, you can set up pre-authorized electronic funds transfer from any CIBC account to repay your personal loan. Simply enter the necessary details, including the recipient's information (your loan account details) and the payment amount. Confirm the transaction to initiate the payment.
In-Person At Any Banking Centre. If you prefer to make your payment in person, you can visit any CIBC banking centre. Inform the bank representative that you would like to make a payment towards your personal loan. Provide them with your loan account details and the payment amount. The bank representative will assist you in processing the payment, and you'll receive a receipt for your records.

Make payments through a different bank

Contact CIBC Directly. Since there is no specific information available on the website regarding making payments from a different bank, it is recommended to call CIBC directly. Reach out to their customer service or visit a local branch to inquire about the process of making payments from a different bank.
Provide Necessary Details. When you contact CIBC, be prepared to provide them with relevant details such as your personal loan account number, the name of the financial institution from which you'll be making the payment, and any other information they may require.
Inquire About Payment Options. Ask the CIBC representative about the available options for making payments from a different bank. They can provide you with guidance on the best method to ensure your payment is processed accurately and on time.
Follow Their Instructions. CIBC may have specific procedures or forms that need to be completed when making payments from a different bank. Follow their instructions carefully to ensure a smooth payment process.
Set Up the Payment. Once you have the necessary information and instructions from CIBC, you can proceed to set up the payment from your different bank's online banking platform or through other available channels. Make sure to enter the correct payment details provided by CIBC to avoid any errors.

Via ATM

Locate a CIBC ATM. Find a CIBC Automated Teller Machine (ATM) nearest to you. CIBC has a widespread network of ATMs across Canada, making it convenient to access.
Insert Your Card. Insert your CIBC card into the card slot on the machine. Ensure that it's inserted the correct way, as indicated on the ATM.
Enter Your PIN. Use the keypad on the ATM to enter your Personal Identification Number (PIN) associated with your ATM card. This is a security measure to verify your identity and access your account.
Select "Loan Payment" Option. Once you've successfully logged in, navigate through the ATM menu to find the option for "Loan Payment" or a similar term related to loan repayments. Select this option to proceed.
Enter Payment Details And Confirm. Follow the on-screen prompts to enter the necessary payment details, such as your loan account number and the payment amount. Double-check the information for accuracy before confirming the transaction. Once confirmed, the ATM will process your loan repayment, and you'll receive a transaction receipt for your records.