With CIBC's global money transfer service, you can effortlessly send money to most countries worldwide. As a reputable Canadian financial institution, CIBC provides international transfers with competitive exchange rates and minimal transfer fees. Enjoy the convenience of CIBC's mobile banking platform, allowing you to send money abroad easily. Whether paying for international expenses, sending money to family, or conducting business transactions, CIBC ensures your money reaches its destination safely and efficiently. Say goodbye to worries about exchange rate markups and hidden fees; CIBC's transparent approach lets you transfer money confidently through their reliable wire payment service.
Visit XE Money Transfer
Used By: 280000000
Currencies Available: 76
Transfer Fees: none
Payment Methods: Bank transfer, credit card, debit card
iOS App : yes, Android App : yes
LiveChat:
Min Transfer: US$1.00
Max Transfer: US$500,000.00 (or equivalent)
Year Founded: 1993
Visit Wise Multi-Currency Account
Used By: 11000000
Currencies Available: 54
Transfer Fees: 0.5%-1%
Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
iOS App : yes, Android App : yes
LiveChat:
Min Transfer: 1 USD
Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
Year Founded: 2011
Visit Remitly
Used By: 3000000
Currencies Available: 63
Transfer Fees: 0-3.99$
Payment Methods: Bank transfer, credit/debit card
iOS App : yes, Android App : yes
LiveChat:
Min Transfer: US$1.00
Max Transfer: US$20,000.00
Year Founded: 2011
Visit Wise Business
Used By: 11000000
Currencies Available: 55
Transfer Fees: 0.5%-1%
Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
iOS App : yes, Android App : yes
LiveChat:
Min Transfer: 1 USD
Max Transfer: 1000000 USD/transaction/day (personal), 3000000 USD/transaction/day (business)
Year Founded: 2011
Visit Wise
Used By: 11000000
Currencies Available: 54
Transfer Fees: 0.5%-1%
Payment Methods: Bank transfer, debit card, credit card, SOFORT transfer
iOS App : yes, Android App : yes
LiveChat:
Min Transfer: US$1.00
Max Transfer: US$1,000,000 (varies based on currency)
Year Founded: 2011
Visit CurrencyFair
Used By: 150,000
Currencies Available: 17
Transfer Fees: 0.45%
Payment Methods: Bank transfer, debit card
iOS App : yes, Android App : yes
LiveChat: yes
Min Transfer: £5.00 (or equivalent)
Max Transfer: £10,000,000.00 (or equivalent)
Year Founded: 2009
Visit InstaReM
Used By: 130000000
Currencies Available: 11
Transfer Fees: 0%-1%
Payment Methods: bank transfer, POLi payment (Australia), debit card (EU residents), ACH Pull (US residents), FPX (Malaysian residents)
iOS App : yes, Android App : yes
LiveChat: yes
Min Transfer: $1 (minimum sending amounts could differ based on certain currency pairs)
Max Transfer: No limit (different countries have regulatory limits on outward and inward flow of remittances originating from or to the country)
Year Founded: 2014
Visit MoneyGram US
Used By: 150000000
Currencies Available: 46
Transfer Fees: 0-1.99$
Payment Methods: pay by card or directly from your bank account
iOS App : yes, Android App : yes
LiveChat:
Min Transfer: none
Max Transfer: 3000 USD
Year Founded: 1940
Visit Xoom
Used By: 250000000
Currencies Available: 4
Transfer Fees: 0$-40$
Payment Methods: Bank transfer, debit/credit card, PayPal balance
iOS App : yes, Android App : yes
LiveChat: yes
Min Transfer: US$10.00
Max Transfer: 2999 USD/day, 6000 USD/month, 9999 USD/3 months
Year Founded: 2001
Visit Skrill
Used By: 120,000
Currencies Available: 33
Transfer Fees: none
Payment Methods: Cash, bank transfer, debit card, credit card, e-wallet, cryptocurrency (depending on country)
iOS App : yes, Android App : yes
LiveChat: yes
Min Transfer: US$1.00 (varies based on certain currencies)
Max Transfer: US$2,500.00 / day (weekly and monthly limites also apply)
Year Founded: 2001
Visit Scotiabank
Used By: 25,000,000
Currencies Available: 23
Transfer Fees: none
Payment Methods: Bank transfer, debit card, credit card, apple pay, google pay, Scotiabank Saddletone gift cards
iOS App : yes, Android App : yes
LiveChat: yes
Min Transfer: none
Max Transfer: 10000 USD
Year Founded: 1832
Visit OFX
Used By: 1000000
Currencies Available: 54
Transfer Fees: 15 AUD below 10k AUD
Payment Methods: ETF, BPAY (Australia), Direct debits
iOS App : yes, Android App : yes
LiveChat: yes
Min Transfer: 1000 USD
Max Transfer: none
Year Founded: 1998
Visit Credit Suisse
Used By: 1000000
Currencies Available: 1
Transfer Fees: none
Payment Methods: eBill, QR-bill, standing orders, payment orders, online & mobile banking, direct debit, multi-payment orders, bank transfer, debit card, credit card
iOS App : yes, Android App : yes
LiveChat: yes
Min Transfer: none
Max Transfer: none
Year Founded: 1856
Visit Western Union
Used By: 15000000
Currencies Available: 38
Transfer Fees: up to 3%
Payment Methods: Cash, bank transfer, debit card, credit card (varies from country)
iOS App : yes, Android App : yes
LiveChat:
Min Transfer: $1.00
Max Transfer: $10,000.00 (varies)
Year Founded: 1851
Visit TransferGo
Used By: 2,500,000
Currencies Available: 39
Transfer Fees: 0.5%-1.5%
Payment Methods: Bank transfer, debit card, credit card
iOS App : yes, Android App : yes
LiveChat: yes
Min Transfer: 1.5 GBP
Max Transfer: 1000000 GBP
Year Founded: 2012
Visit Moneycorp
Used By: 15000000
Currencies Available: 161
Transfer Fees: none
Payment Methods: debit card via our online platform or a wire transfer, cash
iOS App : yes, Android App : yes
LiveChat:
Min Transfer: 50 USD/GBP/EUR
Max Transfer: none
Year Founded: 1962
Visit Currencies Direct
Used By: 325,000
Currencies Available: 22
Transfer Fees: none
Payment Methods: Bank transfer, debit card
iOS App : yes, Android App : yes
LiveChat: yes
Min Transfer: none
Max Transfer: 25000 GBP
Year Founded: 1995
Visit Neteller
Used By: 500000
Currencies Available: 28
Transfer Fees: none
Payment Methods: online banking account, debit, and credit card
iOS App : yes, Android App : yes
LiveChat: yes
Min Transfer: none
Max Transfer: up to 50000 USD/transaction
Year Founded: 1996
To initiate a wire transfer with CIBC, you have two convenient options: online banking or visiting a CIBC branch in person. If you prefer online banking, log in to your account and select the 'Wire Transfer' option from the menu. Follow the prompts to provide the necessary recipient and payment details. For in-person transfers, visit a CIBC branch, where a representative will assist you in filling out the required forms and providing the recipient's account information. Whichever method you choose, ensure you have the correct recipient details, as mistakes can lead to delays or misdirected funds.
When sending a wire transfer with CIBC, you must furnish essential recipient details, including the recipient's full name, bank account number, bank's transit number, and bank address. For international wire transfers, additional information is required, such as the recipient's International Bank Account Number (IBAN) and the bank's SWIFT code. Accurate information is crucial to ensure the funds reach the intended recipient without issues. Always double-check the provided details before confirming the transfer to avoid complications and potential fees for corrections.
CIBC offers competitive fees for wire transfers, both domestic and international. For example, domestic wire transfers may incur fees ranging from $10 to $30, while international transfers can range from $30 to $80, depending on the destination and the amount transferred. These fees may vary based on the specific details of your transaction. Additionally, be aware of any potential hidden fees or additional charges that may apply, especially from receiving banks or intermediary financial institutions. It's advisable to review CIBC's fee schedule or consult with a customer service representative to obtain precise information regarding the fees associated with your particular transaction.
Here are the costs for bank drafts, money orders, and cheques at CIBC:
Here are the fees for wire transfers at CIBC:
CIBC determines exchange rates for wire transfers based on current market conditions. These rates may fluctuate throughout the day, impacting the final amount received by the recipient. CIBC offers competitive exchange rates, but it’s important to note that rates can vary depending on the currency being exchanged. Some customers may have the option to lock in a rate ahead of time to avoid fluctuations, ensuring more predictability in the transaction. For more details on how exchange rates are calculated or to explore options for securing a rate, contact CIBC's customer service.
CIBC implements advanced security measures to protect your wire transfers, including multi-factor authentication, encryption technology, and rigorous verification processes. Large transfers may be subject to additional scrutiny to prevent fraud and ensure the safety of your funds. CIBC's commitment to security is evident in their continuous monitoring for suspicious activity and their use of cutting-edge technology to safeguard transactions. If you have concerns about the security of your wire transfer, CIBC's customer support can provide further information on the protective measures in place.
The processing time for CIBC wire transfers can fluctuate depending on several factors. Domestic wire transfers are typically processed within the same business day, especially if initiated early. On the other hand, international wire transfers may take a few business days due to the additional steps involved, such as currency conversion and international clearing. Intermediary banks may also impact the processing time. To expedite the process, ensure accurate recipient details, and initiate the transfer well before any urgent deadlines. If your transfer is time-sensitive, contact CIBC to inquire about potential expedited options, though they may come with higher fees.
Absolutely! CIBC allows customers to schedule recurring wire transfers for added convenience. This feature is beneficial for making regular payments, such as monthly bills or salary transfers. By setting up the transfers in advance, you avoid the need to initiate the same transaction repeatedly. You can easily manage these scheduled transfers through CIBC's online banking platform or mobile app, where you can specify the frequency and duration of the recurring transfers. This flexibility enables you to plan and streamline your financial obligations efficiently.
Yes, CIBC may impose daily and monthly limits on wire transfers to ensure security and prevent potential fraud. These limits can vary based on factors like your account type, relationship with the bank, and specific security measures put in place. To find out the exact limits applicable to your account, contact CIBC's customer support or refer to the terms and conditions of your account. If you have a specific need that exceeds these limits, you can discuss the possibility of temporary increases with CIBC, though they may require additional verification and approval.
The cutoff time for same-day wire transfers with CIBC depends on several factors, including the type of transfer (domestic or international) and the destination country's banking regulations. Generally, domestic wire transfers initiated before a specified time, usually in the early afternoon, are processed on the same day. For international wire transfers, the cutoff time is usually earlier in the day due to the additional processing steps required. To ensure same-day processing, initiating the transfer well before the cutoff time is advisable. Contact CIBC for the most accurate information if you have specific time-sensitive requirements.
Yes, CIBC provides tracking options for wire transfers through their online banking platform and mobile app. After initiating the transfer, you can monitor its progress by logging into your CIBC account and checking the 'Transfers' or 'Transaction History' section. Here, you will find details on the transfer's status, including whether it has been processed, pending, or completed. Additionally, CIBC may provide tracking or reference numbers that you can use to inquire about the transfer's progress with customer support if needed. Tracking your wire transfer status offers peace of mind and lets you stay informed throughout the process.
International wire transfers require additional information and follow specific regulations to ensure smooth execution. When initiating an international wire transfer with CIBC, you will need the recipient's International Bank Account Number (IBAN) and the bank's SWIFT code, which is a unique identification code for financial institutions. These details help facilitate international clearing and ensure the funds reach the correct destination account. Additionally, you must provide accurate recipient information, including the full name, bank account number, and bank address. Being diligent with these requirements minimizes the risk of delays or complications during the transfer process.
Once a wire transfer has been initiated with CIBC, the ability to cancel or recall it depends on several factors. There may be a short window for domestic transfers, usually within the same business day, during which you can request a cancellation or recall. However, this is not guaranteed, and CIBC may be unable to stop the transfer if it has already been processed. The chances of cancellation or recall are even more limited for international transfers, especially after the funds have left CIBC's jurisdiction and entered the international clearing system. To explore the possibility of cancelling or recalling a wire transfer, contact CIBC's customer support immediately after realizing the need for such action.
For added security, CIBC may implement additional measures for large wire transfers. These measures can include multi-factor authentication, enhanced verification of recipient details, and increased scrutiny on transactions exceeding specific thresholds. CIBC aims to protect customers' funds and prevent fraud by implementing such security checks. Suppose you plan to conduct a large wire transfer. In that case, you must ensure you have all the necessary recipient information accurately, as any discrepancies may lead to delays or further verification requirements.
If you encounter any issues with your CIBC wire transfer, the first step is to remain calm and promptly contact CIBC's customer support for assistance. They have dedicated teams to handle wire transfer-related inquiries and concerns. Be prepared to provide relevant details, such as the transfer reference number, recipient information, and any error messages received. CIBC's customer service representatives will work diligently to resolve the issue and provide guidance on the necessary steps to rectify the situation. Remember that some problems, especially international transfers, may require coordination with intermediary banks and could take time to resolve.
CIBC may offer discounts or benefits for frequent wire transfer users, depending on the customer's relationship with the bank and the volume of transactions. If you conduct multiple wire transfers regularly, consider discussing your requirements with a CIBC representative to explore any available perks. For business customers or those with substantial transaction volumes, CIBC may provide tailored solutions and preferential pricing. Additionally, customers who hold premium accounts or maintain higher balances may be eligible for fee waivers or reduced charges on wire transfers. It's worth inquiring about such benefits to optimize your wire transfer experience with CIBC.
CIBC offers comprehensive customer support for wire transfer services, available through various channels, including phone, email, and in-person at branches. Support hours may vary, so it's best to check with your local branch or visit CIBC's website for the most current contact information and hours of operation. Whether you need assistance with initiating a transfer, tracking a transaction, or resolving an issue, CIBC's customer service team is ready to help you navigate the process efficiently.
Many CIBC customers have shared positive experiences with their wire transfer services. For example, Jane from Toronto mentioned, 'CIBC made my international transfer process seamless and stress-free. The fees were reasonable, and I could track my transfer easily using their mobile app.' Another customer, John from Vancouver, appreciated the customer support, saying, 'CIBC's representatives were very helpful in guiding me through the process and ensuring my money reached its destination safely.'
When compared to other Canadian banks, CIBC stands out for its competitive fees, robust security measures, and user-friendly mobile app. While some banks may offer slightly lower fees, CIBC's transparency, reliability, and excellent customer service make it a preferred choice for many customers. Additionally, CIBC's ability to schedule recurring transfers and provide detailed tracking features gives it an edge over some competitors who may not offer the same level of convenience.
CIBC's wire transfer services, including global money transfers, efficiently cater to your international payment needs. With seamless bank transfers, competitive exchange rates, and a strong commitment to security, CIBC ensures a hassle-free experience when sending money abroad. Their dedication to customer satisfaction is evident through transparent fee structures, minimizing bank account transaction fees, and providing convenient online banking solutions. As part of the Canadian Imperial Bank of Commerce, CIBC's trusted reputation as a financial institution reinforces your confidence in secure international money transfers. Whether conducting international transactions or sending money to other countries, CIBC's reliable services cater to various currencies and offer peace of mind for your financial needs. When it comes to wire transfers, CIBC is your reliable partner.
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