CIBC Global Money Transfer (2024)

FAQs

How long does a global money transfer take with CIBC? ›

Most transfers are completed within 1 to 3 business days. Only primary credit card cardholders can use their eligible credit card account to pay for the CIBC Global Money Transfer service. CIBC doesn't charge money transfer fees, but the receiving institution might.

One of the main reasons for delays to international wire transfers are the fraud prevention processes and procedures put in place by banks. The SWIFT network requires transfers to pass through up to three correspondent banks before arriving at their destination.

For more help with Global Money Transfers, call CIBC at 1-866-330-7344 Opens your phone app.. Our phone lines are open 24 hours a day, 7 days a week.

I have never had any problem, usually the money arrives in 2 business days.

One common reason why a CIBC e-Transfer takes so long is due to the transfer size limits. With CIBC, you can send as little as you want. However, there are maximum limits to how much you can send. If you transfer over $500, it will take about 30 minutes.

Financial institutions must file a Currency Transaction Report (CTR) for any transaction over $10,000. The CTR includes information about the person initiating the transaction, the recipient, and the nature of the transaction.

If money is transferred but not received, the sender should contact the bank or service used to initiate the transfer to track the transaction. They can also contact the recipient's bank to inquire if the funds have been received. Can a bank transfer take longer than 24 hours?

CIBC Global Money Transfer can be a convenient way to send money online if you have a CIBC bank account. The bank has a long history and is secure enough that you can trust your transfer will be in good hands. However, it's best to consider if it's the cheapest or fastest option for your particular circumstances.

Time zones affect the coordination between banks in different regions. Operating hours: Banks in different time zones have different business hours, which can cause delays if the transfer is initiated when the receiving bank is closed.

We make no representations or warranties on the timing of delivery of the GMT to the Recipient. Once you request us to send the GMT and the funds / fees have been withdrawn from your account (the “Account”), the GMT may not be cancelled.

How long does a CIBC urgent transfer take? ›

Urgent transfers** sent before the submission deadline are forwarded to the payee's bank* on the same day. Urgent transfers sent after the submission deadline are forwarded to the payee's bank* on the next business day.

CIBC and its affiliates including CIBC Bank USA, US Commercial Real Estate and Real Estate Finance, and CIBC Private Wealth have offices strategically located across the United States to serve clients coast to coast. Select a category to find a location near you.

Banks can take longer depending on your currency. For example, it might take 2 working days to process your transfer, and longer if it falls on a holiday. If you make a Swift transfer, which is a global payment that uses multiple banks, we'll need to wait until we get your money.

Most transfers are completed within 1 to 3 business days. Only primary credit card cardholders can use their eligible credit card account to pay for the CIBC Global Money Transfer service. Read the CIBC Global Money Transfer Agreement (135 KB, PDF) Opens in a new window..

International Bank Transfer

Transfer money directly to your recipient's bank account in as little as 1-5 business days⁴ using your eligible TD Canadian or U.S. dollar personal chequing, savings or line of credit accounts.

Transfer money directly to your recipient's bank account in as little as 1-5 business days⁴ using your eligible TD Canadian or U.S. dollar personal chequing, savings or line of credit accounts.

Choose from 2 delivery locations: CIBC Banking Centre or home. Delivery is free and takes 1 to 3 business days¹.