Canadian Imperial Bank of Commerce SWIFT/BIC code

SWIFT/BIC code of Canadian Imperial Bank of Commerce

If an invoice shows CIBCCATT or CIBCCATTXXX, you are looking at the identical address for Canadian Imperial Bank of Commerce in Canada. A SWIFT code tells the sending bank exactly which bank should receive the money. In practice you mostly see the code on invoices from abroad, in payment forms and on the account details of Canadian Imperial Bank of Commerce customers.

On this page you can read what the code is put together, when it matters and what else a transfer to or from Canadian Imperial Bank of Commerce requires. The BIC names a bank or branch, never a single account; the IBAN or account number does that.

How up to date is this code?

The codes on this page come from public sources. It can happen that a code on this page is out of date, for example after a merger. The figures on this page reflect what is in our directory, not official figures from Canadian Imperial Bank of Commerce.

Before any payment that matters, always check the code with Canadian Imperial Bank of Commerce or with the recipient. GoldexPay is a comparison site for money transfers and not affiliated with Canadian Imperial Bank of Commerce. If you notice a mistake, we welcome a short note via the contact page.

International transfers from Canadian Imperial Bank of Commerce: the real cost

When you send money abroad from Canadian Imperial Bank of Commerce, the visible fee is only part of what you pay. On top of the transfer fee, correspondent or intermediary banks may take a cut, and when the money changes currency the bank often uses a rate that is less favourable than the real market rate.

The real cost is often in the rate, not in the fee: many banks convert using an exchange rate that includes a margin. An easy check: put the rate you get against the mid-market rate and look at the difference.

Money transfer services frequently use rates closer to the mid-market rate with clearer fees. GoldexPay lists these services next to each other, showing what actually arrives before you commit. Choosing a specialist does not mean leaving Canadian Imperial Bank of Commerce – you pay the provider from your own account.

Tracking a transfer to or from Canadian Imperial Bank of Commerce

How fast a payment reaches Canadian Imperial Bank of Commerce is determined by several factors: which currency you send, the number of banks in between, daily processing deadlines and differences in time zone. Payments made after the cut-off time or on a weekend or public holiday usually start the next business day. Compliance checks on larger or unusual payments can also cause some delay, even when all details are correct.

If a transfer seems late, contact your bank about the tracking status. Specialist transfer services usually show a status in their app showing how far the money is.

Only the sending bank can request a trace or a recall – the recipient’s bank often cannot see a payment that has not arrived. Ask the sender for the payment receipt with the date and reference; that often settles the question quickly.

How to check CIBCCATT before you pay

Have the recipient send you their account details straight from a recent statement. Check that code with CIBCCATT here.

With a wrong code, the payment might get stuck, be returned or cost extra – sometimes after weeks of searching. Remember the account number: an error there is harder to undo than a wrong code.

Many banking apps validate the structure of an IBAN and sometimes look up the BIC automatically. If your bank offers it, a name check before sending gives an extra layer of safety. For a first payment, some people send a small amount first.

What to give a sender who pays you at Canadian Imperial Bank of Commerce

Someone abroad who wants to pay you will ask for a few details from you, and missing ones are a common cause of delays. Share your name as the bank knows it, your account number or IBAN, the BIC CIBCCATTXXX and your address.

The sender’s bank may request the address of your bank; the head office in Toronto is usually fine. A mistake in your account number can be more trouble than it looks, so copy the details from your online banking.

What lands in your account can be less than what was sent. Charges on incoming payments vary per bank; check the price list of Canadian Imperial Bank of Commerce. For business payments, it is common to state who bears the costs to avoid a shortfall.

Which of the 3 codes of Canadian Imperial Bank of Commerce do you need?

With 3 codes in 1 locations, Canadian Imperial Bank of Commerce is one of the banks that register separate codes for parts of the organisation and departments. The main code remains CIBCCATTXXX.

In most cases you do not need to pick a branch: payments sent to CIBCCATTXXX reach Canadian Imperial Bank of Commerce correctly. Just use a branch code when the recipient gives you that exact code, for example on an invoice or in their bank details.

When in doubt, check with the recipient which code their bank gave them. Codes for branches are more likely to be retired than the head office code.

Why Canadian Imperial Bank of Commerce has an 8- and an 11-character code

Every SWIFT/BIC code has an 8-character core: a four-letter bank code, two letters for the country and two characters for the location. That gives you CIBCCATT for Canadian Imperial Bank of Commerce.

Most payment forms accept both lengths. If a form asks for eleven characters, enter CIBCCATTXXX, otherwise CIBCCATT is fine.

As a rule the code is written in capitals and without spaces. Copying the code is safer than retyping it: a typo can point to another bank.

Changed bank details? Be careful

A common scam works like this: an email arrives with a request saying that a company has new bank details. That CIBCCATT is a real code does not mean that the account is legitimate – fraudsters use real bank codes as well.

Always verify a change of bank details through a phone call on a number you know, not one from the message. Pressure or requests to keep it quiet tend to be red flags; a genuine business can wait for you to check. Acted too fast? Call your bank without delay and ask them to start a recall and report the fraud.

Scams also work the other way: someone sends too much and asks you to refund the difference. A payment confirmation from the sender proves nothing.

Canadian Dollar (CAD) and conversion costs

The national currency of Canada is the Canadian Dollar (CAD). If you send another currency, the amount has to be converted at some point – by your bank, by Canadian Imperial Bank of Commerce or by a bank in between. You rarely see a separate line for that conversion.

Who converts the payment matters: every bank has its own margin. Check what CAD the recipient gets via different providers before choosing one.

Rates for CAD move during the day. With bigger transfers, a small difference in the rate adds up quickly.