CIBC GIC

[PaulChristopher]

Hey guys, I made my payment of GIC today Via RTGS to the bank details which I have received in my portal of CIBC. So how will we know that the payment has been received by the local bank which is Standard Chartered Bank as it is maintained by CIBC ?

 

[jiosi]

CIBC has a vostro account with Standard Chartered Bank. So if the money has reached their account in Standard Chartered Bank, then you need not to worry as it has reached CIBC and the same will reflect in your CIBC account online.

 

[j8naid]

How long does it take to get a reply from CIBC once I pay the amount ?

 

[jigzyy]

How long does it take to get a reply from CIBC once I pay the amount ?

As soon as they get the amount.

 

[sroseok]

hi guys
please how do i contact cibc. i want to open and account with them as an international student to enable me pay my tutition

 

[ishitashreshtha]

Hello, I have opened a GIC Account through CIBC a few weeks ago. Everything got processed well and good and I got my GIC Investment letter too. However, today I received an email which stated the following:
"The available balance of your CIBC Bank Account ending in 5437 has fallen below $100. The available balance doesn't include any overdraft protection or funds on hold you may have on this account.
Please continue to monitor your account balance. If the account balance drops below $0, you may be charged an overdraft fee and interest, as set out in your account agreement. You may also be charged a dishonoured (NSF) cheque or pre-authorized payment fee, as described in your account agreement. To avoid charges, add funds to the account or manage your spending before the balance reaches $0. For more information about fees and charges on your account, review the Personal Account Service Fees (PDF)."

What does this mean? I have to go in Winter 2023, will i have to deposit any amount in the bank account besides the 10,000CAD i have put in GIC?