CBIC SWIFT Code: CIBCCATT

CIBC SWIFT Code: CIBCCATT

CIBC's SWIFT code is CIBCCATT — the identifier used by international banks to route wire transfers to Canadian Imperial Bank of Commerce from outside Canada.

What Is the CIBC SWIFT Code?

The CIBC swift code Canada uses for international wire transfers is CIBCCATT. It is the primary SWIFT/BIC code for Canadian Imperial Bank of Commerce, one of Canada's Big Five banks, and applies to all international wires sent to CIBC accounts from outside the country. You may also see it written as CIBCCATTXXX — the XXX suffix indicates no specific branch, and both formats are accepted by international sending banks.

Breaking down the code: CIBC identifies the bank, CA is Canada's ISO country code, and TT references Toronto, CIBC's primary clearing location.

What Is the CIBC SWIFT Code?

The CIBC swift code Canada uses for international wire transfers is CIBCCATT. It is the primary SWIFT/BIC code for Canadian Imperial Bank of Commerce, one of Canada's Big Five banks, and applies to all international wires sent to CIBC accounts from outside the country. You may also see it written as CIBCCATTXXX — the XXX suffix indicates no specific branch, and both formats are accepted by international sending banks.

Breaking down the code: CIBC identifies the bank, CA is Canada's ISO country code, and TT references Toronto, CIBC's primary clearing location.

Canadian Banking Identifiers for CIBC: Transit and Institution Numbers

Canada does not use IBAN. This is the most common point of confusion for US finance teams wiring to Canadian banks for the first time — and entering an IBAN where one doesn't exist will reject the transfer.

Wiring to a CIBC account requires three identifiers, not one.

The SWIFT/BIC code (CIBCCATT) identifies CIBC to the global banking network and is what your US bank uses to route the wire internationally. The institution number (010) identifies CIBC within Canada's domestic payment system. The transit number is a 5-digit branch-specific code that identifies the exact CIBC branch where the account is held.

The transit number is not universal across CIBC — it belongs to the branch, not the bank. Your recipient needs to pull it from their CIBC account details, a cheque, or their online banking portal. Sending a wire without it, or with the wrong one, routes the funds to CIBC but leaves them unposted pending manual intervention.

How to Wire Money from the US to a CIBC Account

To send an international wire from the US to a CIBC account, provide your bank with the following:

Recipient name: Full legal name, exactly as it appears on the CIBC account Account number: Full CIBC account number Transit number: 5-digit branch-specific number (provided by recipient) Institution number: 010 SWIFT/BIC code: CIBCCATT Bank name: Canadian Imperial Bank of Commerce Bank address: CIBC, 199 Bay Street, Commerce Court West, Toronto, Ontario, M5L 1A2, Canada Recipient address: Full physical address of the account holder

Some US sending banks consolidate the transit number and institution number into a single routing field. The standard Canadian format combines them as an 8-digit string: TTTTT010, where TTTTT is the 5-digit transit number followed by the 3-digit institution number. Confirm your bank's preferred format before initiating — both identifiers must be present and accurate for the wire to post correctly.

CIBC SWIFT Code vs. Canadian Routing Number

These two identifiers serve different purposes depending on where the transfer originates.

The SWIFT/BIC (CIBCCATT) is used for international wire transfers — any transfer originating outside Canada. Your US bank uses it to confirm the correct destination bank before funds move.

The Canadian routing number (transit + institution number) is used for domestic transfers within Canada — direct deposits, EFT, and bill payments. The format is an 8-digit string combining the 5-digit branch transit number and CIBC's 3-digit institution number (010).

For US companies wiring to Canadian employees or vendors at CIBC, the SWIFT code is what your bank needs. The Canadian routing number only becomes relevant if you're initiating the transfer from within Canada's domestic payment network.

USD vs. CAD Transfers to CIBC

Wiring USD to a CAD CIBC account. CIBC converts incoming USD to Canadian dollars upon receipt using its own exchange rate, which includes a spread above the mid-market rate. The recipient receives CAD at CIBC's rate at the time of processing — the sender controls the USD amount sent, not the CAD amount received.

Wiring CAD directly. US banks that support CAD-denominated wires let the sender lock in the exchange rate at initiation rather than leaving conversion to CIBC on receipt. This gives both parties visibility into the exact amount before the transfer settles. Availability depends on your US bank and account type.

US dollar accounts at CIBC. CIBC offers USD-denominated accounts for Canadian residents who regularly receive foreign currency and want to manage their own conversion timing. If your Canadian recipient holds a USD account at CIBC, the wire transfers without forced conversion — the recipient controls when and whether to convert to CAD. Confirm the account currency with your recipient before initiating to avoid an unintended conversion on receipt.

Fees and Timing for US to CIBC Wires

Processing time. Wires from US banks to CIBC typically settle in 1–2 business days. Same-day settlement is not standard for cross-border transfers.

Sending bank fees. US banks generally charge $25–$45 per outgoing international wire. Some business accounts offer fee waivers or reduced rates for recurring international wires — check with your bank.

CIBC receiving fees. CIBC charges a receiving fee on incoming international wires, typically CAD $15, applied on the recipient's side. Recipients should confirm the current fee schedule directly with CIBC.

FX spread. For USD-to-CAD transfers, CIBC's conversion rate includes a spread above the mid-market rate. For companies running regular cross-border payments, the FX spread often represents a larger cost than the wire fee itself — worth factoring into the total cost per transaction.

Common Mistakes When Wiring to CIBC

Providing an IBAN. Canada does not use IBAN. If a wire form asks for an IBAN and you're sending to CIBC, leave it blank or confirm with your bank that the field is optional for Canadian wires. Entering a fabricated IBAN will reject the transfer.

Missing the transit number. The SWIFT code alone is not enough. Without the 5-digit transit number, the wire reaches CIBC but cannot route to the correct branch and account. This causes delays and, in some cases, funds held pending manual intervention.

Wrong institution number. CIBC's institution number is 010. A common error is confusing it with another Canadian bank's number or omitting it entirely. Each of Canada's Big Five banks has a distinct institution number — 010 belongs to CIBC.

Incorrect currency designation. If the recipient account is CAD and you send USD without flagging the conversion, some banks will reject the transfer rather than auto-convert. Confirm with your bank whether it handles USD-to-CAD conversion automatically or requires you to specify.

How Slash Helps

US companies with Canadian employees or vendors face a recurring problem: US business banking infrastructure is not built for CAD payments. Standard wire transfers are expensive, slow, and require manual entry of the right combination of SWIFT codes, transit numbers, and institution numbers every time.

Slash is built for US businesses managing operations across borders. For CIBC account holders who accept card payments, Slash virtual cards let you pay directly without initiating a wire — no transit number lookup, no institution number, no wire fee per transaction. For payments that require a bank wire, Slash's real-time spend tracking records every transaction at initiation with vendor-level categorization, giving your finance team a timestamped and organized record of every payment made to Canadian counterparties. Transparent FX rates mean the cost of every CAD-denominated payment is visible before you approve it.