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How to Wire Transfer Money with CIBC: A Comprehensive Guide

Wire transferring money is a critical feature for many banking customers. It allows people and businesses to move funds securely and efficiently. Whether you're paying bills, sending money abroad, or making a large purchase, wire transfers are a reliable way to support these transactions. This guide will outline three convenient methods for executing wire transfers with the Canadian Imperial Bank of Commerce (CIBC): through online banking, the mobile app, and customer service calls.

Wire Transfer through CIBC Online Banking

One of the easiest ways to wire transfer funds is through CIBC's online banking. Here is a step-by-step guide:

• Go to the CIBC online banking website and sign into your account.
• From your account overview, select "Transfers"
• From the drop-down menu, select "Wire Payment."
• Fill in the required fields including the recipient's banking details, the amount you wish to wire and the currency.
• Review your wire transfer details and click "Submit" to finalize the transaction.

It's important to note that you must have the recipient's bank account number, swift code, and physical address to complete a wire transfer.

Wire Transfer through CIBC Mobile App

With the modern digital age, banking is literally at your fingertips. Here is how you can wire transfer through CIBC's mobile app:

• Download the CIBC Mobile Banking App from Google Play Store or Apple App Store and login.
• Once logged in, tap on "Transfers" from the menu.
• Select "Wire Payment" from the transfer options.
• Enter the required information such as recipient's bank details and the amount you wish to wire.
• Tap on "Confirm" after double-checking the details to complete the transaction.

Wire transfers through the mobile app offers the same security and speed as online banking, with added convenience.

Wire Transfer through CIBC Customer Service Calls

If you prefer speaking to a banking associate, wire transfer services are also available over the phone. Here are the steps:

• Call CIBC Telephone Banking at 1-800-465-2422.
• Provide the necessary information to validate your identity.
• Ask the associate to help you initiate a Wire Transfer.
• Provide the necessary banking and transactional information as requested by the associate.
• Finalize the transaction by following their instructions, and confirming the details before submission.

This traditional method offers personal assistance during the transfer. Just bear in mind, wait times on the phone can vary depending on peak banking hours.

Conclusion

Wire transfers with CIBC can be a straightforward and efficient process, whether you use online banking, the mobile app, or customer service calls. Each method has its own advantages. Ultimately, the choice depends on your personal preferences and needs.