CIBC offers SMS alerts

Source: CIBC

CIBC today announced it has launched powerful new text message (SMS) customer Alerts, continuing its leadership in mobile financial services.

The new Alerts bring important financial information to clients at a time and place that's convenient for them through their smartphone, or through email or online banking, to help clients manage their day to day finances.

The Alerts range from reminding clients about upcoming credit card payments and due dates so they don't inadvertently miss a payment, to information on future-dated bills or transfers to ensure clients have adequate balances and can avoid late payment fees. Text message Alerts to mobile devices, combined with CIBC's award-winning Mobile Banking, empowers clients to effectively and conveniently manage their finances, wherever they are.

"Making these new Alerts available online, by email or by text message allows clients to view timely reminders about their finances whether they are banking online, or on the go with mobile banking," said Michael Martin, Senior Vice President, Alternate Channels CIBC. "With the rapid growth in smartphone adoption and mobile banking in Canada, the addition of text message functionality puts more information about their day to day finances into our clients' hands."

A CIBC poll conducted by Harris/Decima earlier this year revealed Canadians named managing day to day spending and budgeting as one of their top three priorities for 2012. These enhancements will make it easier for clients to stay on top of their everyday banking as part of their broader financial plan.

CIBC clients can sign up for e-mail, online or text message Alerts to notify them of a variety of information:

Upcoming payments and transfers, such as:
When future-dated transfers or bill payments go through
When they don't go through, so clients can add the necessary funds to their account in time to avoid late payment fees and charges
Keeping track of spending limits and other financial changes, such as:
When clients attempt to exceed their daily limits for ABM withdrawals and point of sale transactions
When funds hend point of sale transactions
When funds held upon deposit become available
Credit card information, such as
When their minimum payment is due
When their monthly statement is available online
When client-customized monthly budgets are exceeded
Preventing fraud, such as:
When information changes, such as a PIN number, address change or new bill payee added
When a credit report has changed
When there is any potential fraudulent activity on their debit or credit card

Many more Alerts are available and clients can view all of the options when they sign on to CIBC Online Banking.

Alerts add to the online services available to CIBC clients, such electronic statements for their chequing, savings and credit card accounts. Together with CIBC's innovation in Mobile Banking, Sunday hours at a number of our branches, and award-winning Online Banking, CIBC Alerts give Canadians one more reason to do more of their everyday banking with CIBC.

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