The majority of us have experienced losing or having our debit cards stolen. Additionally, it is unsettling to not know where your card is and to worry that someone could use it to steal your money. Conveniently, the CIBC (Canadian Imperial Bank of Commerce) provides assistance for its customers in this situation, and deactivating the CIBC debit card is one way to accomplish it.
Cancel CIBC Debit Card
Losing the card, however, is not the sole reason; other causes include ceasing to require the card or fearing fraud on your account. In any case, the cancelling procedure is quite easy to complete and shouldn’t take more than a day.
Fortunately, we’ll walk you through the process in this post so you may easily deactivate your CIBC debit card. We’ll also mention a few things you should do first, as well.
How to Terminate a CIBC Debit Card at a Branch
At first glance, you might believe that CIBC Online or Mobile Banking allows you to cancel your debit card. Unfortunately, you cannot.
You do, however, have two choices. The first is to visit the nearest branch and explain your issue to them:
- Locate the closest CIBC banking location.
- Bring your identification and go there.
- You may deactivate your CIBC debit card by requesting to. They’ll probably want to know your reasoning.
- That’s all, then! The cancellation of your card has just occurred.
Phone instructions for cancelling your CIBC debit card
You may easily cancel your CIBC debit card by calling, emailing, or sending a fax. Since calling 1-800-465-4653 is the quickest option, we advise you to do so.
You’ll need to inform the agent you speak with about the current condition of your debit card. In other words, you’ll have to specify whether you’ve misplaced it or just stopped needing it.
In the latter case, they can attempt to entice you with a better bargain. If you’re resolved not to acquire a new one, do your best to prevent it.
But if you choose the first choice, you must report it in order to protect your bank account and expedite the cancellation of your debit card. We advise reading How to Report a Lost CIBC Debit Card in order to accomplish this.
Cut your debit card after getting confirmation that it has been cancelled to make sure it can’t be put back together.
How Do I Prepare to Cancel a CIBC Debit Card?
You should be aware that if you cancel your CIBC debit card, you won’t be able to use it anymore. Therefore, it’s crucial that you do certain actions before even beginning the procedure, such transferring cash. If you have money in your account, you may either transfer it to a different bank account or use an ATM to get cash.
Try to use all of your points if your account is part of a rewards programme. Others will be moved to a replacement card if you request one, while some may be erased if the debit card is revoked. These specifics are available on the CIBC website.