As big and proud a nation that we are, when it comes to adopting new technologies, Canada has always been a bit delayed to the game. ING first adopted this feature not too long ago, so today's announcement from CIBC is a big, positive step in the right direction; hopefully the rest of the Canadian banks follow suit. Basically, what this app update does is grants users' the ability to deposit cheques (personal or business) into their account using the camera on their iPhone, iPad, or Android smartphone or tablet.
Of course, this convenience does not run users' any additional bank fees.
Learn more about the service via CIBC