You can also send US funds to a bank account in over 220 banks in China.įor more help with Global Money Transfers, call CIBC at 1-86 Opens your phone app., 24 hours a day, 7 days a week. We're constantly trying to enhance the list of supported banks and we’ll be adding new banks periodically throughout the year. You can send funds to a China Union Pay card to any of the 10 banks listed below. Which banks can I send money to in China? If a transfer shows as "Completed," the funds have been sent to the recipient.If a transfer shows as "Pending," the funds have not yet been sent to the recipient.Sign on to Online Banking or Mobile Banking and go to the Transfer Status page to check the status of your money transfers. How can I check the status of my transfer? If you gave us the correct information, the funds will arrive safely. No, your recipient’s information will be saved in your CIBC Online Banking profile and history. If I send money to a recipient regularly, will I have to re-enter their information every time? You’ll receive accurate, real-time pricing every time you send money. How is the foreign exchange conversion calculated on my transaction?ĬIBC’s rates are based on live inter-bank foreign exchange rates for all Global Money Transfers. Your recipient can confirm the currency with their bank. Some countries may convert the funds into a different currency conversion fees may apply. Your recipient will receive the funds in his or her local currency. In what currency will my recipient receive the funds? A Global Money Transfer counts towards your allowable transaction limit.
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We give CIBC Global Money Transfers to all of our clients free of fees. Is there a fee for sending a CIBC Global Money Transfer? The recipient’s bank may charge a fee, but CIBC does not. If you gave us the correct information, the funds will be deposited directly into the recipient’s account.
What does my recipient need to do to receive the funds? Typically, the recipient will receive the funds within 1-3 business days.
How long will it take for funds to reach my recipient?
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The official name and location of the recipient’s bank, including country, city, province or state, postal code or area code.What information do I need to provide about my recipient? Yes, you need a CIBC chequing, savings, personal line of credit or an eligible credit card account to send a CIBC Global Money Transfer. The recipient's address, bank name and bank account numberĭo I need to be a CIBC client to use the CIBC Global Money Transfer service?.You can send a maximum of $30,000 Canadian in total, per 24-hour period. You can use the service as often as you like. Here’s the list of countries you can send money to: Countries
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