What is CIBC's wire transfer fee?

CIBC charges approximately $15–$30 for outgoing domestic Canadian wire transfers and $25–$40 for international SWIFT wire transfers from personal accounts. Receiving an incoming wire at CIBC costs approximately $15. Fees vary by account type — Smart Plus Account holders may receive reduced rates. Confirm current fees at cibc.com or call 1-800-465-2422.

What is CIBC's online wire transfer limit?

CIBC's online wire transfer limit for personal accounts is approximately $25,000 per day. Transfers above this amount require initiating the wire at a CIBC branch with valid photo ID. Business accounts may have higher limits set by agreement with the bank.

What is CIBC's SWIFT code?

CIBC's SWIFT/BIC code is CIBCCATT. To receive an international wire transfer, provide the sender with: SWIFT code CIBCCATT, your branch transit number, institution number (010), your full account number, your full legal name, and CIBC's head office address: Commerce Court, 199 Bay Street, Toronto, Ontario, M5L 1A2, Canada.

What is the CIBC wire transfer cutoff time?

CIBC's standard cutoff for same-day wire processing is approximately 3:00 PM Eastern Time on business days. Wires submitted before 3:00 PM ET are typically processed the same day. Those submitted after 3:00 PM are processed the next business day.

Does CIBC have an international money transfer option?

Yes. CIBC offers CIBC Global Money Transfer, which allows online transfers to eligible countries at rates that may be more competitive than traditional wire fees. For countries not supported by Global Money Transfer, standard SWIFT wire transfers apply. Check cibc.com for supported countries and current rates.

CIBC Wire Transfer Limit & Fees 2026 — Domestic and International

CIBC wire transfers cost $15–$30 for domestic and $25–$40 for international. The SWIFT code is CIBCCATT. Online daily limit for personal accounts: approximately $25,000. Same-day processing cutoff: 3:00 PM ET. Incoming wire fee: approximately $15.

Quick answer: CIBC domestic wire: $15–$30. International: $25–$40. Incoming: ~$15. SWIFT: CIBCCATT. Daily online limit: ~$25,000. Cutoff: 3:00 PM ET.

Always verify current fees and limits directly at cibc.com or by calling 1-800-465-2422 before initiating a wire transfer.

CIBC Wire Transfer Fees and Limits 2026

Transfer Type	Fee	Limit	Processing
Domestic outgoing (online)	$15–$30	~$25,000/day	Same business day (before 3 PM ET)
International outgoing (online)	$25–$40	~$25,000/day	1–5 business days
Branch wire (higher amounts)	Varies	Negotiated	Same or next day
Incoming domestic wire	~$15	No limit	Same business day
Incoming international wire	~$15	No limit	1–5 business days
FX conversion markup	—	—	~2.5% applied at transfer

When to Use a CIBC Wire Transfer

Wires are the right tool when:

Amount exceeds $3,000 — above the Interac e-Transfer daily limit
Same-day delivery needed — domestic wires processed before 3 PM ET arrive same business day
International payment required — Interac e-Transfer is Canada-only; SWIFT wires are global
Regulated transaction — real estate, legal escrow, and cross-border business payments often require wire
Recipient provides wire details — some payees (lawyers, mortgage lenders, brokers) specifically request wire rather than EFT

For everyday amounts under $3,000, an Interac e-Transfer is free and instant — no need for a wire.

CIBC Incoming Wire Details (Provide to Sender)

If someone is sending you a domestic or international wire, provide:

For domestic (Canadian) transfers:

Bank: Canadian Imperial Bank of Commerce (CIBC)
Institution number: 010
Transit number: your 5-digit CIBC branch transit
Account number: your full CIBC account number

For international SWIFT transfers:

SWIFT/BIC: CIBCCATT
Account number: your full CIBC account number
Bank name: Canadian Imperial Bank of Commerce
Bank address: Commerce Court, Toronto, ON M5L 1A2
Your full name as it appears on the account

You’ll typically pay approximately $15 as an incoming wire fee deducted from the received amount or charged separately. The sender’s bank may charge additional fees on their end.

How to Initiate a CIBC Wire Transfer

Online (domestic or international, up to ~$25,000):

Log in to CIBC Online Banking (cibc.com)
Navigate to Transfers → Wire Transfer or Send Money Abroad
Enter recipient’s banking details (transit/institution for domestic; SWIFT for international)
Enter amount and currency
Review the displayed fee and exchange rate
Confirm and submit before 3:00 PM ET for same-day domestic processing

At a CIBC branch (for amounts over $25,000): Visit any branch with government ID. Branch limits are negotiated based on purpose and account history. Complex international transfers (large amounts, unfamiliar countries) are best handled in person.

CIBC Wire Transfer vs. Alternatives

Method	Limit	Cost	Speed
Interac e-Transfer	$3,000/day	Free (Tier 2+)	Minutes
CIBC domestic wire	~$25,000/day	$15–$30	Same day
CIBC international wire	~$25,000/day	$25–$40	1–5 days
Wise (international)	Higher	~0.5–1%	1–3 days
Remitly / Western Union	Varies	Varies	Minutes–days

For international transfers under $10,000: Wise typically offers significantly better exchange rates than CIBC’s 2.5% FX markup. A $5,000 transfer at CIBC’s 2.5% spread costs ~$125 in conversion fees; Wise charges ~$25–$50 for the same transfer. The CIBC wire fee ($25–$40) adds further to the cost.

For regulated or compliance-required transfers (real estate, business-to-business), a CIBC SWIFT wire is often necessary regardless of cost.

FX Conversion: What the 2.5% Spread Means

When you send an international wire in a foreign currency, CIBC converts CAD at a rate that is approximately 2.5% less favourable than the interbank mid-market rate. This spread is not shown as a fee — it’s embedded in the exchange rate you receive.

Example: Mid-market rate is 1 CAD = 0.740 USD. CIBC may convert at 1 CAD = 0.722 USD (2.5% less). On a $5,000 CAD wire, that’s a difference of $90 USD in conversion.

Written by WealthVieu

WealthVieu researches and writes data-driven personal finance guides using primary sources including the IRS, Bureau of Labor Statistics, Federal Reserve, and Census Bureau.

The content on Wealthvieu is for informational purposes only and should not be considered financial, tax, or investment advice. Consult a qualified professional before making financial decisions. Full disclaimer · Editorial policy