Send money internationally with CIBC Global Money Transfer (2024)

FAQs

How long does CIBC Global Transfer take? ›

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..

The minimum amount you can send per transfer is 100 CAD. The maximum amount you can send is 30,000 CAD in a 24-hour period. Some countries may have limits on how much the recipient can receive.

Send money globally with $0 transfer fee

Transfer money to over 130 countries including India, the Philippines, China and the United States. Go to CIBC Online Banking^® or use the CIBC Mobile Banking^® App.

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.

Send money to any bank account in 130+ countries. Now, send it in real-time ³ to eligible Visa* cards in over 80 countries. All you need is their Visa* card number. Their money will be delivered in 30 minutes or less for Visa* debit cards and within 24 to 48 hours for Visa* credit cards.

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.

Daily ATM limits of up to $1,000 and Interac Direct Payments limit of up to $3,000. Your card or delegate cards can be set up with much lower daily limits, or no access to cash or point of sale. Pay bills and transfer funds up to $50,000. Send up to $80,000 through CIBC Global Money Transfer.

If you send an international wire transfer over $10,000¹, your bank or financial institution is required by law to report it directly to the IRS. Your bank may also ask for additional information, including the following¹: Evidence for the source of the funds.

Can I cancel a CIBC Global money transfer? ›

No Cancellation of an GMT

Once you request us to send the GMT and the funds / fees have been withdrawn from your account (the “Account”), the GMT may not be cancelled.

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.

Transactions between enrolled consumers typically occur in minutes. As a “new user,” you are limited to a maximum of $500 per transaction and $500 per day total send limit.

Send limits to international bank account with TD Global Bank Transfer: $6,500 per day, weekly limit of $26,000 and monthly limit of $65,000.

Most transfers go through instantly, but it can take up to 30 minutes for your contact to get the notification. When you send a transfer the money is withdrawn from your account immediately.

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.

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.

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