CIBC first Canadian bank to launch iPhone app

Canadian Imperial Bank of Commerce (CIBC) has
become the first major bank in Canada to roll out a mobile banking
application (app) for Apple’s iPhone.

The app allows customers to check account
balances, transfer funds and pay bills.  It also uses GPS
technology to help customers find their nearest branch. 

“CIBC is proud to be the first major bank in
Canada to offer our clients a mobile banking app to make banking
with CIBC even more flexible on their iPhone,” said Sonia
Baxendale, president of CIBC retail markets. 

“Our clients told us they want more
flexibility to bank however and whenever they want and we’ve
responded,” she said.

CIBC’s app follows the latest trend for major
banks to launch downloadable apps and expand their mobile banking
service. 

The CIBC mobile banking App, also available on an iPod touch,
can be downloaded for free via Apple’s iTunes Store. 

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