Canadian Imperial Bank of Commerce (Canada) Wire Transfer

Wire transfer is the fastest mode of receiving money in your Canadian Imperial Bank of Commerce account from abroad. You can receive money into your Canadian Imperial Bank of Commerce account from a foreign country via International wire transfer. The transaction is initiated by the sender through a financial institution, however, you need to provide your banking details to the sender for successful transfer of money.

International Wire Transfer to Canadian Imperial Bank of Commerce

International wire transfer is one of the fastest way to receive money from foreign countries. Banks use SWIFT network for exchanging messages required for performing international wire transfer. Usually, the receiving bank (in Canada) and the sending bank (in other country) need to have a direct arrangement in place to start the swift transfer – this is sometimes referred to as correspondent banking.

Incoming International Wire Transfer Instructions

To receive international wire transfer in your Canadian Imperial Bank of Commerce account, please provide the following wire instructions to the sending financial institution:

Bank Name: Canadian Imperial Bank of Commerce Canada
Bank Address: Your complete bank branch address
and telephone number
SWIFT BIC Code for Canadian Imperial Bank of Commerce: For Canadian Imperial Bank of Commerce, this code is CIBCCATT
Canadian Imperial Bank of Commerce’s Institution Number: 010
Beneficiary Transit Number: Your five-digit transit number (including all zeros)
Beneficiary Account Number: Your seven-digit account number
Beneficiary Name: Your complete name
Beneficiary Address: Your complete address

If the transfer is in U.S. dollars, you may need to provide the following additional information from Canadian Imperial Bank of Commerce‘s U.S Correspondent Bank:

Correspondent Bank Name: Wells Fargo Bank N.A., New York
SWIFT BIC Code: PNBPUS3NNYC
Fedwire ABA Routing Number: 026005092

Outgoing International Wire Transfer Instructions

To send international wire transfer from your Canadian Imperial Bank of Commerce account, You need to know the following information about the person or company receiving the money:

1. Your complete name and address.
2. Your transit number and account number (including all zeros).
3. The recipient’s complete name and address.
4. The recipient’s complete bank name, address.
5. The recipient’s SWIFT Business Identifier Code (BIC), if available
6. The recipient’s complete bank account number.
7. The recipient’s branch or transit number and national sort code number where the funds are to be deposited
8. The recipient’s bank branch address and phone number.
9. The recipient’s valid IBAN if sending to a participating country.
10. The reason or purpose for the wire payment.

Incoming Wire Transfer Fees for Canadian Imperial Bank of Commerce Canada

International Incoming Wire Transfer Fees for Canadian Imperial Bank of Commerce is as follows:

Payment type Cost
For Canada and US Currency $15.00 each (charged in the same currency)
For Other Currencies $15.00 CND each (converted to the same currency)

Outgoing Wire Transfer Fees for Canadian Imperial Bank of Commerce Canada

International Outgoing Wire Transfer Fees for Canadian Imperial Bank of Commerce is as follows:

Payment type Cost
For payments $10,000 or less $30.00 each
For payments from $10,000.01 to $50,000 $50.00 each
For payments over $50,000 $80.00 each

Apart from the wire transfer fees, if the transfer involves currency conversion, banks make money on currency conversion as well by giving retail conversion rates to you which is usually 1-2% lower than the market rate. We recommend using services like TransferWise for getting best conversion rates with lower wire transfer fees.

Incoming/Outgoing Wire Transfer Cutoff Time for Canadian Imperial Bank of Commerce Canada

1. The Cut-off Times for Canadian Imperial Bank of Commerce Canada differs. Please visit your nearest branch for cut-off time.
2. Any requests received after cutoff time will normally be processed the next working day.