With CIBC swift code(Canadian Imperial Bank of commerce) you can transfer or receive money from banks overseas to your CIBC bank account.
Swift code is a standard format of Bank Identifier Codes (BIC) and it is unique identification code for a particular bank. These codes are used when transferring money between banks, particularly for international wire transfers. Banks also used the codes for exchanging other messages between them.
The Swift code consists of 8 or 11 characters. When 8-digits code is given, it refers to the primary office. The code formatted as below;
AAAA BB CC DDD
First 4 characters – bank code (only letters)
Next 2 characters – ISO 3166-1 alpha-2 country code (only letters)
Next 2 characters – location code (letters and digits) (passive participant will have “1” in the second character)
Last 3 characters – branch code, optional (‘XXX’ for primary office) (letters and digits)
The registrations of Swift Codes are handled by Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) and their headquarters is located in La Hulpe, Belgium. SWIFT is the registered trademarks of S.W.I.F.T. SCRL with a registered address at Avenue Adèle 1, B-1310 La Hulpe, Belgium.
These codes were initially introduced by the SWIFT organization as “swift codes” but were later standardized by the International Organization for Standardization (ISO) as BICmeaning “Business Identifier Codes”. Most people think B.I.C. stands for “Bank Identifier Codes” (“bank” instead of “business”) but that is incorrect since non-financial institutions can also join the swift network.
A “BIC code” can be seen by many different names, like “SWIFT code” (most common), “SWIFT ID”, “SWIFT-BIC”, “SWIFT address”, “BEI” (that comes from “Business Entity Identifier”), or even “ISO 9362”, which is the standard format that has been approved by the ISO organization. The acronym SWIFT stands for the Society for Worldwide Interbank Financial Telecommunication.
CIBC Swift Code or BIC Number(Canadian Imperial Bank of Commerce)
Sending or receiving money from abroad to Canadian Imperial Bank Of Commerce in Canada? Find the right BIC / SWIFT code with our Canadian Imperial Bank Of Commerce SWIFT code. CIBC swift code below;
Bank – Canadian Imperial Bank of commerce
Swift code – CIBCCATT
Address – PAYMENT CENTRE, SUITE 700, 595 BAY STREET
City – TORONTO
Postcode – M5G 2M8
Country – Canada
So note that the cibc swift code is CIBCCATT to which you can easily make international transfer with it.