![]() You may apply for an increase to your Access to Funds limit at your CIBC Banking Centre or by calling Telephone Banking at 1-80 Opens your phone app. Learn more about the CIBC Hold Policy in the Personal Account Service Fees brochure (PDF, 210 KB) Opens in a new window. You don’t need to know their account information. Only the recipient’s email address is required. Most major banks also offer Interac e-Transfer® as an easy and low-cost way to send or receive smaller amounts. These options may require an additional cost, but could be worth the peace of mind, knowing the risk of the item being returned as “Not Sufficient Funds” or as a fraudulent or worthless item has been greatly reduced. When you have any doubt about a negotiable item you want to deposit to your account, you can protect yourself by asking the payor (the person or company the negotiable item is drawn on) to send you wired funds or ask them for a certified cheque or bank draft. When the hold expires, this doesn't mean the deposit you made is guaranteed to clear, as counterfeit or fraudulent cheques can take much longer to clear and would be returned to your account as a worthless item. The hold period is designed to account for the time it takes for most negotiable items to clear back to the bank they are drawn on. Any hold placed on the portion of your deposit that isn’t immediately made available to you provides you with a measure of protection. You agree to be responsible for any negotiable item (cheque, draft, money order) that you deposit into your bank account based on the terms of the account agreement in effect from time to time in relation to your account. This limit is set when the account is opened. ![]() Your Access to Funds limit is the amount of funds available to you right away when you make a deposit. Your funds could also be on hold because of a recent deposit that exceeds your Access to Funds limit. When you make a deposit to your personal account(s), a fixed waiting period may apply before the funds are made entirely available to you.
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