dollar accounts, the equivalent fee will be charged in the same currency as the account using an exchange rate set by CIBC on a date determined by CIBC.įor more information on service fees: Personal Account Service Fees (PDF, 545 KB) Opens in a new window. For wires from foreign currency accounts, including U.S. Incoming and outgoing wire transfer fees Outgoing international, 37.00 Incoming CAD, 15.00 Incoming USD, 20.00 Incoming international, 20.00. For incoming wire payments in all other currencies, the fee is converted to the currency of the incoming payment using an exchange rate set by CIBC on a date determined by CIBC and deducted from the incoming payment amount.Ĥ Outgoing wire fees will be charged in Canadian currency. The fee to receive a domestic wire transfer is 9 for each wire transfer that is over 100. Additional charges may be deducted from the wire payment amount to cover fees charged by intermediaries (such as correspondent banking fees) and/or the receiving financial institution (in the case of an outgoing wire transfer).ģ For incoming wire payments in Canadian and US currency, the wire fee will be charged in the same currency as the incoming payment and deducted from the incoming payment amount. The fee to send a domestic wire transfer is 18 per wire. Must have a CIBC chequing account, savings account, eligible credit card or personal line of credit account to send a CIBC Global Money Transfer.Ģ Most transfers are completed within 1 to 3 business days. Markups associated with the currency conversion are included in the Bank of America exchange rate. I wasn’t aware until today that some banks don’t charge at all for outgoing wire transfers. For international wire transfers, in addition to our standard wire transfer fee, other fees may also apply, including those charged by the recipient’s financial institution, foreign taxes, and other fees that are part of the wire transfer process. That amount does vary as an example, Ally Bank charges just 20. A CIBC Global Money Transfer and a foreign exchange transaction count towards your allowable transaction limit and bank account transaction fees may apply. Many banks don’t charge any incoming wire transfer fee, and most banks charge 20-25 for an outgoing domestic wire.
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