How to Send Money Internationally with CIBC: A Comprehensive Guide

In today's interconnected world, sending money around the globe is a commonly needed service. With the Canadian Imperial Bank of Commerce (CIBC), the process is efficient and straightforward. This article will guide you through three primary ways to transfer funds overseas using CIBC:

• Online Banking
• Mobile App
• Customer Service Call

Option 1: Online Banking

CIBC Online banking service offers an easy way to transfer funds internationally. The following are step-by-step instructions:

Step 1: Login to your CIBC online banking account.

Step 2: Navigate to the 'Global Money Transfer' section which is under the 'My Accounts' tab.

Step 3: Choose the country and enter the amount you wish to send.

Step 4: Provide the recipient's banking details, including bank name, account number, and the SWIFT/BIC Code.

Step 5: Review your transfer and confirm the transaction.

Keep in mind, for the first time user, you may need to go through the customer identification process for security reasons.

Option 2: Mobile App

With CIBC Mobile App, sending money internationally can be done quickly with just a few taps on your phone. Here's how:

Step 1: Download and install the CIBC Mobile Banking App from the Google Play Store (for Android) or Apple Store (for iOS).

Step 2: Log in to your account.

Step 3: From the dashboard, select 'International Money Transfer' or 'Global Money Transfer.'

Step 4: Enter the details of the recipient and the transfer amount.

Step 5: Review your transaction and hit 'Confirm' button to finalize.

Remember to enable push notifications on your app to be updated about the status of your transaction.

Option 3: Customer Service Call

If you prefer a more personal guidance, or encounter difficulties processing the transfer through online or mobile, you can always call CIBC Customer Service for assistance. Here's how:

Step 1: Dial the CIBC customer service number (you can find this number on the back of your Bank Card or on the CIBC website).

Step 2: Request to make an international transfer.

Step 3: Provide the details of your transaction and the recipient's information to the representative.

Step 4: Verify every detail with the representative and request an email or SMS confirmation for your transfer.

To wrap up, CIBC offers multiple options for sending money overseas to accommodate your needs. Whether it is through Online Banking, Mobile App, or a direct call to its customer service, CIBC provides a streamlined process for international fund transfers. Remember that while instant in many cases, some transfers can take a couple of business days, particularly for new recipients. Always plan your transfers in advance to avoid any potential time constraints. Happy banking with CIBC!