Canadian Imperial Bank of Commerce SWIFT/BIC code

What CIBCUS33 means for a payment to Canadian Imperial Bank of Commerce

The short code CIBCUS33 and the full code CIBCUS33XXX identify one and the same institution: Canadian Imperial Bank of Commerce in New York,ny, United States. A BIC does one job: it makes sure that an international payment reaches the right bank. In practice you mostly come across the code on invoices from abroad, in your banking app and on the account details that Canadian Imperial Bank of Commerce provides.

This page is meant to help anyone who receives money at an account at Canadian Imperial Bank of Commerce without mistakes. The SWIFT code alone cannot identify a personal account; that is what the IBAN or account number .

Paying someone abroad from your Canadian Imperial Bank of Commerce account

An international bank payment costs rather more than the fee suggests. You pay the fee for the transfer itself, possibly fees charged by intermediary banks along the way and, most importantly, the margin on the exchange rate.

That exchange rate margin is often the biggest cost because it is hidden in the rate. Check their rate against the mid-market rate; the gap is what conversion costs you.

For many currency pairs, a transfer service is less expensive than a bank. GoldexPay lists transfer providers next to each other so you can see the amount the recipient gets before you commit. Using a transfer service does not require leaving Canadian Imperial Bank of Commerce.

Before you send: check the Canadian Imperial Bank of Commerce code

Have the recipient copy the account details straight from their online banking. When the code you were given does not match CIBCUS33 or CIBCUS33XXX, do not guess: check with the recipient or with Canadian Imperial Bank of Commerce directly.

If the code is wrong, the payment may be delayed, be returned or end up costing more, and tracing it can take weeks. A mistake in the IBAN or account number can be more serious because it can reach the wrong person, so check that just as carefully.

Many banking apps validate the structure of IBANs – that confirms the format, not the owner. Where available, a payee name check on the recipient gives an extra layer of safety. A small test payment can be a sensible step for large sums.

Scams that use SWIFT codes

Criminals regularly send payment requests with changed bank details sent from what looks like a familiar address. That CIBCUS33 is a real code does not mean that the account is legitimate; criminals use the codes of real banks too.

Never rely on contact details from the same email that contains the change. Pressure or requests to keep it quiet tend to be warning signs; a genuine business can wait for you to check. If money was sent to a fraudster, contact your bank immediately: the sooner they act, the better the chance of a recall.

People receiving money can be targeted as well: a classic trick is an overpayment and then sends a request to refund the difference abroad. Wait until the money is actually in your account.

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

To receive an international payment into your account at Canadian Imperial Bank of Commerce, the sender has to have more than the SWIFT code. Share the account holder’s name, the IBAN or account number, SWIFT code CIBCUS33XXX and your address, which some banks require.

Some banks also ask for the address of Canadian Imperial Bank of Commerce in New York,ny. Check the details before you send them – a sender rarely spots a mistake in someone else’s details.

An incoming payment does not always land in full. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the currency changes, an exchange rate margin applies. For business payments, it is common to state how the fees are split to avoid a shortfall.

A note on our data

The directory on GoldexPay is based on publicly available sources and we update it periodically. Banks reorganise, change names and change codes. Counts and locations come from our own dataset and are not confirmed by Canadian Imperial Bank of Commerce.

Treat our directory on this page as a helpful check and rely on the recipient or Canadian Imperial Bank of Commerce for the final confirmation. GoldexPay has no connection to Canadian Imperial Bank of Commerce, we only compare transfer services. Should you notice something that is out of date, we welcome a short note.

When will the money arrive at Canadian Imperial Bank of Commerce?

A SWIFT payment usually needs one to a few business days – it depends on currency, route and the banks in between. Payments made after the cut-off time or just before a weekend or public holiday usually go out a business day later. Sometimes a bank wants to know about the purpose of a payment, which can hold things up.

Many banks use SWIFT gpi. Every gpi transfer carries a unique transaction reference, the UETR. Specialist transfer services usually provide tracking online showing where the payment has got.

A delayed transfer has to be traced by the sending bank on the basis of the transfer details. Ask the sender for a copy of the payment confirmation – it helps your own bank look for the money.

Paying into Canadian Imperial Bank of Commerce in USD

Accounts at Canadian Imperial Bank of Commerce are typically held in USD, the national currency of United States. If you send money in a different currency it has to be converted somewhere along the way: by your bank, an intermediary or Canadian Imperial Bank of Commerce itself. You rarely see a separate charge for the conversion – the cost sits in the rate.

Which bank converts the payment matters, because each party uses its own rate. Often it is cheaper if you send USD directly through a transfer service that converts near the mid-market rate.

Rates for USD change all the time. If you pay regularly, a slightly better rate make a real difference over time.

Choosing between the 4 SWIFT codes of Canadian Imperial Bank of Commerce

Canadian Imperial Bank of Commerce uses 4 different SWIFT/BIC codes. Only one is the head office code; the rest belong to branches or departments.

If nobody asks you for a branch code, go with CIBCUS33XXX or its short form CIBCUS33. If you have been given a branch code, use it as it is instead of replacing it with the head office code.

Unsure which code to use? Ask the recipient. Codes are sometimes changed or retired over time, so do not rely on old paperwork.

8 or 11 characters: CIBCUS33 versus CIBCUS33XXX

A BIC is built from a few fixed parts: characters one to four stand for the bank, characters five and six give the country and characters seven and eight mark the location. Combined, those parts make up CIBCUS33, the code most people search for.

XXX at the end of CIBCUS33XXX does not stand for a placeholder or an error: it indicates the head office of Canadian Imperial Bank of Commerce. Certain payment forms insist on 11 characters, in which case you simply add XXX behind CIBCUS33.

In practice the code is written in capitals. A wrong letter can send the money to a different institution, so check it twice.