Capital PR

Cheque Please… Not

Posted by Keelan on November 30th, 2007

CIBC 2A while back I posted about how ePost had got together with Canada’s banks and credit unions to make bills received through ePost available within online banking.  I commented how it was unfortunate, from a convenience and waste perspective, that many of companies I receive bills from (e.g. Home Depot, Hydro Ottawa, Enbridge, Sears, Best Buy, Future Shop) don’t give me the option to stop receiving paper bills.

This morning I signed on to online banking and got another pleasant, paperless surprise.

I can now view images of my cleared cheques online.

Not that I use cheques that often anymore.  In fact, with being able to email money around (which incidentally is what I signed on to do), I use cheques very rarely, and had opted out of receiving cleared cheques in the mail some time ago.  However, there have been a few occaisions in the last couple of years where I had used a cheque (small amounts) and when it cleared my account I didn’t know / couldn’t remember what it was for.  It would have been nice to have been able to see it online.  Now I can!

In terms of convenience and waste reduction, this is a good move by CIBC.

One Response to “Cheque Please… Not”

  1. benry

    So nice of CIBC to catch up to what Canadian credit unions have been offering for the past 2+ years :) Maybe time for you to change banks — n’est pas?

    BTW: the reason why you still get paper statements even though you’ve signed up for epost delivery is more to do with compliance and legislation than with a non-desire of your financial institution to stop sending the stuff.

Leave a Reply

Required fields are marked with *

(will not be shown)