What is a counter signed Cheque?

Cheque Cashed By a Different Individual (Counter-Signed Cheques) Some banks allow cheques to be cashed by someone other than the person named on the front of the cheque if it is counter-signed. You can then endorse the back of the cheque and deposit it into your account. This is called counter-signing a cheque.

Can you deposit a Cheque at an ATM CIBC?

You can deposit cheques using CIBC ATMs or the eDeposit feature on our mobile banking app.

Can you cash a check at the ATM?

Unlike visiting a bank branch, you can deposit a check into any ATM at any time, as long as the ATM accepts checks. Just like when visiting your branch though, you may still have to wait around two business days before having access to all the funds depending on the amount of the check.

Do you need to endorse a check for ATM deposit?

A check must be endorsed on the back for it to be valid for deposit. So, always sign your name in the blank space next to the X just before you bring it to the Bank. Note: You can deposit at a Bank location, through our mobile app, or at an ATM.

How long does it take for a Cheque to clear CIBC?

Enter the amount of the cheque and select the account into which you’d like to deposit the money. Your funds will be available within 4 business days1. Once it’s deposited, keep your cheque for at least 5 days before destroying it.

How do you deposit a check into an ATM?

Either way, this is generally how it works:

1. Insert your card and enter your PIN.
2. Choose the “Deposit” option.
3. Select which account you’d like the money to go to (usually savings or checking).
4. Type in the amount of money you’re depositing and insert your check.
5. Confirm the dollar amount you see on screen.

Can I cash a Cheque at CIBC?

Deposit Canadian cheques drawn from Canadian banks anywhere, anytime with CIBC eDeposit®. Snap a photo of the front and back of your cheque and deposit funds directly into your account.

Can I deposit a signed over check at an ATM?

Warning: Don’t Deposit Signed-Over Checks at the ATM Though ATMs these days can handle check deposits, they are not as effective at depositing them as they are highly automated. ATMs are fine for depositing a standard check. But depositing signed-over checks at the ATM should be avoided.

Where do you endorse a check?

You endorse a check on the back of the check. There may be a simple line or a box that reads: “Endorse Here.” There’s usually another line that says, “Do not write, stamp, or sign below this line.” The endorsement area is typically about 1.5” long and covers the breadth of the check.

How do I deposit a cheque using the CIBC Mobile Banking App?

Sign on to the CIBC Mobile Banking App. Select “eDeposit.”. Use your mobile device’s camera to take photos of your cheque. Lay your cheque on a flat surface. Take a picture of the front and the back of the cheque. If you need to try again, just select the box to reposition it. Confirm deposit details.

Can someone else cash a counter signed cheque?

Counter-signed cheques A cheque can be cashed by someone other than the person named on the front of the cheque if they counter-sign it. Check with your financial institution to find out if they accept counter-signed cheques. Not all financial institutions accept them.

Where can I use CIBC ATMs?

You can use CIBC ATMs at select Pioneer and ONroute locations. When you visit, you get more than a branch. You get a Banking Centre. We’re here for you when you want expert help. We’re easy to find, at over 1,000 locations across Canada. Many locations are open late and on weekends (yes, Sunday too!) Your plans for your money are personal.

Can I get a cash advance with my CIBC credit card?

You can also get a cash advance from your CIBC MasterCard – look for the Interac, MasterCard or Cirrus logos. Charges may apply. For more details about personal bank account fees or your CIBC credit card’s terms and conditions, refer to Additional Service Fees.