Manage how much you want to spend
Once you set a monthly budget, keep only that amount in your primary checking account. Move the rest in another account, such as a secondary checking or savings account. Make sure your primary checking account has overdraft protection, just in case you spend more than you intended.
Save what you want to save
If you want to set aside a little something for vacations, quarterly insurance payments, gifts, emergencies or something else entirely, a checking account with an automatic transfer feature can help. Automatically transfer a designated amount from your primary checking into your secondary checking or savings account.
Gain more to spend or save
Imagine having $800 more to spend each year. On average, that’s how much Americans spend each year in interest on credit card balances.1, 2 If you choose to use a checking account debit card instead of a credit card, you spend only what’s available. With a credit card, you accumulate interest on unpaid balances. As a result, debit card users may accumulate less debt, which could lead to more money in your virtual pocket.
Access your accounts anywhere
You can access your balance, deposit checks, transfer funds, pay people, pay bills, review statements and do so much more from your computer or mobile device with CIBC digital banking. You can also set up email and text alerts that will let you know when:
- A paycheck is deposited.
- A balance is low.
- Unusual activity occurs such as password or username changes.
Benefit from special incentives and features that keep more money in your account
When you open most CIBC checking accounts you will be rewarded with a bonus, like getting $200. Others have special features like ATM fee reimbursements on the spot and cash back on purchases.
Talk to us today about which CIBC checking account is right for you. Feel free to visit us. You can also call our Client Support Center at 877-448-6500 Opens your phone app..
