If you’re considering making an international money transfer with CIBC, you’ll likely want to know how long the process takes. To initiate a CIBC Global Money Transfer, you must have a CIBC chequing account, savings account, eligible credit card, or personal line of credit account. This requirement ensures that you have a source from which to send the funds internationally.
Once you’ve met the account criteria, you can expect most CIBC international money transfers to be completed within a reasonable timeframe. Typically, these transfers are processed within 1 to 3 business days. This means that from the time you initiate the transfer, the recipient should receive the funds in their account within this time frame.
It’s important to note that various factors can influence the speed of an international money transfer, including the destination country, currency conversion requirements, and the processing times of intermediary banks. However, as a general guideline, CIBC aims to complete most international transfers within 1 to 3 business days.
(Response: CIBC international money transfers usually take between 1 to 3 business days to complete.)