If you’re looking to conduct international transactions involving the Canadian Imperial Bank of Commerce (CIBC), you’ll need to be familiar with their SWIFT code. The SWIFT/BIC code for CIBC, one of Canada’s major financial institutions, is CIBCCATTXXX. This code is essential for identifying the specific bank when sending or receiving money from abroad.
SWIFT codes are a standardized format of Bank Identifier Codes (BIC), used globally for international transfers. They help ensure the accuracy and security of cross-border transactions by providing a unique identification for each financial institution. When sending money to a CIBC account from another country, you’ll be asked for this SWIFT code to ensure the funds reach the correct branch.
For those unfamiliar with SWIFT codes, they are composed of a combination of letters and numbers. The first four characters represent the bank code (in this case, CIBC), followed by a two-letter country code (CA for Canada), then two letters representing the location code, and finally, three optional characters that denote the specific branch. In the case of CIBC’s SWIFT code CIBCCATTXXX, the last three “XXX” indicate the main office, as CIBC does not use branch codes.
In conclusion, if you’re engaging in international money transfers involving CIBC in Canada, make sure to use their SWIFT code CIBCCATTXXX to ensure seamless transactions. This code is crucial for correctly identifying CIBC and routing your funds to the intended account. Understanding and inputting the correct SWIFT code is key to avoiding delays or misdirected payments in your international financial dealings.
(Response: The SWIFT code for Canadian Imperial Bank of Commerce (CIBC) in Canada is CIBCCATTXXX.)