Page 1 of 4 1234 LastLast
Results 1 to 15 of 49
  1. #1

    To Canadians- does CIBC accept electronic money transfers from Paypal?

    I have some money (US funds) in my Paypal account, and apparently I can only receive that money through electronic transfer to my bank account, which is CIBC. Does CIBC by default support electronic transfers from Paypal? I reside in Canada, obviously.

    Thanks,

  2. #2
    Join Date
    Jan 2002
    Location
    Toronto, Canada
    Posts
    11,059
    I don't see why you would have a problem with that. I withdraw $$ from my Paypal account into my TD Canada Trust account on a regular basis. Just go into your Paypal account and enter your banking info. Make sure that you match all the bank account info very carefully. As well, be sure you clearly specify the name registered to the bank account. If there are any errors, you are in for a delay.

    Once set up, you can withdraw whenever you want (there is a fee for every withdrawl, so don't do it too often). It normally takes about 4 business days before I see a withdrawal end up in my bank account.

    Good luck.

    Vito
    DemoDemo.com - Flash tutorials since 2002
    DemoWolf.com - 5,300+ Flash tutorials for hosting companies, incl. Voice tutorials

  3. #3
    Thanks Vito. My main concern is CIBC, which doesn't seem as high tech as some of the other banks like Royal or TD.

  4. #4
    Join Date
    Jan 2002
    Location
    Toronto, Canada
    Posts
    11,059
    CIBC seems pretty much one of the big banks so I'm pretty sure you'd have no problems. They have online banking (https://www.pcbanking.cibc.com/english/servlet/SignOn ) as well as all the other services offered by the other majors, so it should be OK. To be safe, though, just give your local branch a call tomorrow and I'm sure they will confirm that it's OK.

    Vito
    DemoDemo.com - Flash tutorials since 2002
    DemoWolf.com - 5,300+ Flash tutorials for hosting companies, incl. Voice tutorials

  5. #5
    Join Date
    Jan 2002
    Location
    Toronto, Canada
    Posts
    11,059
    Yup, I'd put money on the fact that you can transfer $$ from Paypal to CIBC.

    They're already involved in handling email-based funds transfer:

    http://www.pcbanking.cibc.com/englis.../TestDrive.jsp

    Vito
    DemoDemo.com - Flash tutorials since 2002
    DemoWolf.com - 5,300+ Flash tutorials for hosting companies, incl. Voice tutorials

  6. #6
    Thanks Vito for all the help. If there's someone who has a CIBC account and uses Paypal as well, a final confirmation would be appreciated as well.

  7. #7
    Join Date
    Jan 2002
    Location
    Toronto, Canada
    Posts
    11,059
    Wow, what a shocker. While I was sitting here doing my work, I called the CIBC HelpLine. Was on hold for 15 minutes - who cares, it was on speakerphone (and toll free).

    The guy didn't even know what Paypal was. He had to go and ask one of his supervisors. Answer: CIBC does not currently handle Paypal transfers...

    I'm glad I didn't place that bet...

    Vito
    DemoDemo.com - Flash tutorials since 2002
    DemoWolf.com - 5,300+ Flash tutorials for hosting companies, incl. Voice tutorials

  8. #8
    Join Date
    Nov 2002
    Location
    Toronto, ON
    Posts
    441
    It works fine, I use CIBC and thats where my money from paypal goes. Its just a direct deposit, I don't see why you thought CIBC would have been different then any other bank.
    http://www.spingen.com :: Internet Solutions
    Multiple Domain Hosting Packages
    msn: support@spingen.com

  9. #9
    Join Date
    Jan 2002
    Location
    Toronto, Canada
    Posts
    11,059
    That's what I would've thought. But the "supervisor" on the phone said no.

    Hmmf. Some supervisor, huh??

    Vito
    DemoDemo.com - Flash tutorials since 2002
    DemoWolf.com - 5,300+ Flash tutorials for hosting companies, incl. Voice tutorials

  10. #10
    Wow that is a shocker indeed Vito. See, I told you CIBC isn't exactly high tech Maybe I'll still call tomorrow to confirm, but so far it's not going good. Damn.

    Edit- Opps just read the other response as well. LOL so much confusion. Guess I'll just call tomorrow and clear things up for good.
    Last edited by GeorgeC; 03-23-2003 at 07:55 PM.

  11. #11
    Join Date
    Nov 2002
    Location
    Toronto, ON
    Posts
    441
    Supervisor doesn't mean smart If they have never heard of it then obviously it won't work
    http://www.spingen.com :: Internet Solutions
    Multiple Domain Hosting Packages
    msn: support@spingen.com

  12. #12
    Join Date
    Nov 2002
    Location
    Toronto, ON
    Posts
    441
    Originally posted by easybyte
    Wow that is a shocker indeed Vito. See, I told you CIBC isn't exactly high tech Maybe I'll still call tomorrow to confirm, but so far it's not going good. Damn.
    Easybyte, I just said it works fine. Just add the your bank account information to your PayPal account, make the transfer, in 5 business days you will see your money. Done and Done.
    http://www.spingen.com :: Internet Solutions
    Multiple Domain Hosting Packages
    msn: support@spingen.com

  13. #13
    Join Date
    Jan 2002
    Location
    Toronto, Canada
    Posts
    11,059
    Well, as Spingen said, he uses Paypal with his CIBC account and all is good. So likely I just got a guy on the phone with room-temperature IQ.

    Looks like you're in luck!

    Vito
    DemoDemo.com - Flash tutorials since 2002
    DemoWolf.com - 5,300+ Flash tutorials for hosting companies, incl. Voice tutorials

  14. #14
    Join Date
    Aug 2001
    Posts
    4,028
    CIBC may not be the most high tech, but they're the only bank whom I could get direct deposit from 2checkout.com to work with!!!

  15. #15
    Join Date
    Aug 2001
    Location
    Canada
    Posts
    2,123
    Originally posted by Mekhu
    CIBC may not be the most high tech, but they're the only bank whom I could get direct deposit from 2checkout.com to work with!!!
    how were you able to do this?? AFAIK they're not capable of doing that yet.... tell me the secret!
    www.idologic.com - Reseller, VPS and dedicated hosting - Friendly Customer Service - DirectAdmin - cPanel - InterWorx

Page 1 of 4 1234 LastLast

Related Posts from theWHIR.com

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •