Understanding SWIFT/BIC Code CIBC: A Comprehensive Guide on Different Options

With the introduction of digital banking, understanding the various features that banks offer to make your banking process seamless is crucial. One such feature is the SWIFT/BIC Code for the Canadian Imperial Bank of Commerce (CIBC), which makes international transactions hassle-free and secure. In this article, we will explore what this code is, its significance, and how you can get it from CIBC via online banking, mobile app, or by calling customer service.

What is a SWIFT/BIC Code?

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) provides a network that allows financial institutions worldwide to send and receive information securely about financial transactions in a standardised environment. Meanwhile, Bank Identifier Codes (BIC) are used for identifying banks and financial institutions globally. They are also known as SWIFT codes.

Why is SWIFT/BIC Code Important?

The SWIFT/BIC Code is critical in international transactions as it ensures that your money is securely routed to the right institution. This code breaks down into several parts, each providing information such as the location of the bank, the branch, and the bank’s identity. Think of it as an international postal code for your bank!

How to Find SWIFT/BIC Code CIBC Using Online Banking

With CIBC's online banking platform, it's fairly easy to find the SWIFT/BIC code for transactions. Follow the below steps:

• Log into your CIBC online banking account
• Click on the ‘Account Management’ option
• Then select ‘International Services'
• Under this section, you'll be able to view the SWIFT/BIC code for CIBC

Using CIBC's Mobile App to Get SWIFT/BIC Code

For those who prefer banking on the go, CIBC's mobile app can be handy to access the SWIFT/BIC code. The process is quite similar to the online banking pathway. Here’s a step by step explanation:

• Open your CIBC Mobile Banking App
• Go to the ‘More’ section appearing at the bottom right of the screen
• Select 'International Services'
• You can view your SWIFT/BIC code under this section

Getting SWIFT/BIC Code CIBC Through Customer Service

If you're not comfortable with using online platforms, you can always call CIBC's customer service to get the SWIFT/BIC code. The call centre agents will ask you to provide certain details for security purposes. Once your identity is confirmed, they will provide you with the code.

Conclusion

The SWIFT/BIC Code CIBC is an essential part of international banking transactions, ensuring safe and secure money transfers. With CIBC’s user-friendly online banking, efficient mobile app, and helpful customer service, getting this code is simple and convenient. It's part of the many ways CIBC is striving to make international banking as seamless as domestic transactions.