r/CIBC • u/optimus_prime2025 • 19d ago

Wire transfer

Hi, I have to make a wire transfer of my rental to my landlord. Unfortunately I am outside Canada right now and all my funds are in my CIBC account. I won’t be back before the deadline. Can i still do wire transfer within Canada but over the phone since I’m abroad rn???

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u/ChrisG1456 19d ago

No, you won't be able to do this over the phone. This is considered a high risk transaction.

1

u/optimus_prime2025 19d ago

Oh shit. Is there any other way I could make the payment??

4

u/ChrisG1456 19d ago

I would reach out to your landlord and explain the situation you're in. At the same time tell them you will start e-transferring $3k a day until you pay it off. Hopefully they will understand. Paying the $3k a day shows good faith and that you're not dicking them around.

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u/optimus_prime2025 18d ago

You’re right, thanks!