BUSINESS

CIBC's Apple Watch App Will Let Customers Check Balances, Transfer Funds

04/23/2015 01:13 EDT | Updated 06/23/2015 05:59 EDT
Bloomberg via Getty Images
An attendee displays the Apple Watch Edition for a photograph during the Apple Inc. Spring Forward event in San Francisco, California, U.S., on Monday, March 9, 2015. Apple Inc. began showing off features and applications for its first new device in five years, a smartwatch designed to put information on peoples' wrists and break open the fledgling market for wearable technology. Photographer: David Paul Morris/Bloomberg via Getty Images
CALGARY - CIBC is giving new meaning to the phrase bankers' hours.

The bank (TSX:CM) says customers will soon be able to check their balances and transfer funds with the Apple Watch, which launches on Friday.

CIBC says it's the first of the big Canadian banks to offer the watch app.

CEO Victor Dodig made the announcement at the bank's annual general meeting in Calgary — his first since taking the top job last September.

In his speech to shareholders, Dodig focused on the role technology will play in the bank's future strategy.

He says four out of five transactions today are done outside the branch.

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