An easier way to track and consolidate deposits for faster access to funds
With Deposit Acceleration, your cash flow becomes easier to manage. Funds from across your organization are immediately credited to your concentration account and ready for use, regardless of where deposits are made. And Deposit Acceleration reports keep you informed of how each location is contributing to your company's cash flow.
Make deposits where it's convenient for you
Your depositors can make deposits at any CIBC branch in Canada capable of accepting commercial deposits
Eliminates the requirement for special arrangements with specific branches
Deposits are accepted and credited to your designated account
Get access to your company funds faster
Funds deposited across the country are instantly credited to your concentration account
Removes the need for wires, internal mail and overnight transfer processes
Save time reconciling sales to deposits
Deposit Acceleration reports are easy to read because you decide how the information is organized
Details for the deposits made by each of your locations are displayed according to your company structure so you can easily match sales results to deposits
Simplify your accounting process
Maintain one account for each stream of deposits you want to track, regardless of the number of potential deposits or the number of CIBC deposit locations
Eliminates the need to manually transfer funds between your company's accounts
Run your business your way
CIBC Cash Management Solutions can help you take better control of your banking
needs - giving
you more time to focus on what matters to your business. Get started today:
Talk to a CIBC business advisor at your nearest branch for more information.
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