CIBC Rapidtrans®

A convenient way to consolidate funds overnight and better manage cash flow

Consolidate funds in your central CIBC account overnight, no matter where in Canada deposits are made. With the Rapidtrans service, CIBC provides you with an easy to understand detailed snapshot of your deposits, giving you better control over your cash flow.

Make deposits where it's most convenient

  • Select the CIBC branch that is most convenient for you
  • Deposits can also be accepted at pre-determined branches of other financial institutions

Make your deposit process more efficient

  • Eliminate the costly manual transfer of funds between your business accounts
  • Funds deposited are automatically transferred into your central CIBC account overnight

Save time reconciling sales to deposits

  • Flexible and easy to read reports can make it easier to match sales results to deposits
  • Detailed daily reports include deposits made by each of your locations, so you can keep on top of results and quickly deal with any exceptions

Maintain greater control over your cash flow

  • Rapidtrans reports can reflect your organizational structure by providing a daily snapshot of how each of your locations is contributing to your cash flow

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 your CIBC Representative for details or call our Business Contact Centre at 1-888-947-7736

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