Get $500
†
cash when you open a CIBC Smart™ Account as your first chequing account. Qualifying steps apply.
Learn more
about the CIBC Smart Account offer.
A line of credit to help conquer your goals. Enjoy a low introductory rate
†
, equal to CIBC Prime, until
December 6, 2026.
Learn more
about this low introductory rate.
Start saving today, tax-free. Discover the ways a Tax-Free Savings Account (TFSA) can help you grow your savings.
Learn more
about tax-free savings accounts.
Ensure you’re protected from the unexpected with the CIBC Payment Protector™ Insurance for Credit Cards.
Learn more
about CIBC Payment Protector Insurance for Credit Cards.
Pay using these accounts
Eligible CIBC credit cards
Learn about eligible CIBC credit cards. Opens in a dialog.
How to pay for a CIBC Global Money Transfer with an eligible credit card
CIBC bank accounts
CIBC lines of credit
Send money with no transfer fee
1
to more than 130 countries
Use CIBC Online or Mobile Banking to send money at competitive exchange rates
It’s easy and secure, and the money will arrive in as little as one business day
1
Get foreign cash the modern way
Get foreign cash delivered right to you, anywhere in Canada
Order foreign cash
New to Canada?
Pay no monthly fee for 24 months
‡
and get a special offer after you open a CIBC Smart Account
™
for Newcomers as your first chequing account.
Learn more
about the CIBC Smart Account for Newcomers.
Sending money to the U.S.:
You can send money from your Canadian bank accounts and lines of credit. You can also pay for a CIBC Global Money Transfer using an eligible CIBC credit card.
Sending money to countries other than the U.S.:
You can send money from your Canadian and U.S. bank accounts and lines of credit. You can also pay for a CIBC Global Money Transfer using an eligible CIBC credit card.
The minimum amount you can send in one transaction is
$100 CA.
For most countries, you can now send up to
$75,000 CA
per transaction when you pay with your bank account or line of credit. If you pay using your credit card, you can send up to
$15,000 CA
per transaction, or up to your credit limit if it’s under
$15,000,
in a
24-hour
period. Additionally, when paying with your credit card, the weekly limit is
$40,000 CA
and the monthly limit is
$80,000 CA.
The total amount you can send in a
24-hour
period is
$75,000.
For cash pickup transfers to Pakistan, the limit is
$999
per transaction. Small Business clients have a maximum of
$100,000
CA per day.
For GMTs to China, the funds are delivered in CNY or USD depending on the transfer method.
To a China UnionPay card, you can send up to $3,000 CA per transaction.
To an Alipay account, you can send up to $8,000 CA per transaction.
Note:
The Government of the People’s Republic of China enforces the following additional limits when someone sends money to a China UnionPay card:
A recipient in mainland China can receive a maximum amount of $50,000 US yearly from any source.
The limit for China UnionPay transactions is 5 transactions per day and 20 transactions per month.
For CIBC Global Money Transfers to the following countries, clients can send up to
$75,000
CA in a
24-hour
period and up to the following amount at a time
(per transaction):
Country
Amount
Albania
$18,000
Bangladesh
$5,000
Bosnia
$6,000
China (CUP only)
$3,000
China (Alipay only)
$8,000
Colombia
$10,000
Liberia
$10,000
Kenya
$9,000
South Korea
$25,000
Tunisia
$41,000
Vietnam
$5,000
Your monthly credit card statement shows the current annual interest rate for purchases that applies to your account. CIBC doesn't charge interest on Global Money Transfers that appear on your credit card statement if we receive the full payment for the amount due by the payment due date. If you converted your Global Money Transfer into an Installment Plan during that statement period, you need to pay the full balance by the due date to avoid interest.
How often can I send money?
You can use the service as often as you like. You can send a maximum of $75,000 Canadian in total, per
24-hour
period.
What do I need to send money?
You need:
• Enough funds in your accounts
• The recipient's address, bank name and bank account number
• The reason for the transfer
What do I need to send money to China?
You'll need:
• The recipient's name
• The recipient's address
• The name of the recipient bank
• A China UnionPay card number
Note:
The Government of the People’s Republic of China enforces the following additional limits when someone sends money to a China UnionPay card:
A recipient in mainland China can receive a maximum amount of
$50,000 US
yearly from any source.
The limit for China UnionPay transactions is 5 transactions per day and 20 transactions per month.
Do I need to be a CIBC client to use the CIBC Global Money Transfer service?
Yes, you need a CIBC chequing, savings, personal line of credit or an eligible credit card account to send a CIBC Global Money Transfer.
What information do I need to provide about my recipient?
Here’s what you need to provide:
• The recipient’s bank account number
• The official name and location of the recipient’s bank, including country, city, province or state, postal code or area code
How long will it take for funds to reach my recipient?
Typically, the recipient will receive the funds within 1-3 business days.
What does my recipient need to do to receive the funds?
If you gave us the correct information, the funds will be deposited directly into the recipient’s account.
Will my recipient have to pay any fees?
The recipient’s bank may charge a fee, but CIBC does not.
Is there a fee for sending a CIBC Global Money Transfer?
We give CIBC Global Money Transfers to all of our clients free of fees. Standard foreign exchange rates apply. A Global Money Transfer counts towards your allowable transaction limit. Bank account transaction fees may apply.
In what currency will my recipient receive the funds?
Your recipient will receive the funds in his or her local currency. You can also send from your Canadian dollar bank account for your recipient to receive the funds in US dollars. Some countries may convert the funds into a different currency; conversion fees may apply. Your recipient can confirm the currency with their bank.
How is the foreign exchange conversion calculated on my transaction?
CIBC’s rates are based on live inter-bank foreign exchange rates for all Global Money Transfers. You’ll receive accurate, real-time pricing every time you send money.
If I send money to a recipient regularly, will I have to re-enter their information every time?
No, your recipient’s information will be saved in your CIBC Online Banking profile and history.
Will the money I send arrive safely?
Yes. If you gave us the correct information, the funds will arrive safely.
How can I check the status of my transfer?
Sign on to Online Banking or Mobile Banking and go to the Transfer Status page to check the status of your money transfers.
• If a transfer shows as "Pending," the funds have not yet been sent to the recipient
• If a transfer shows as "Completed," the funds have been sent to the recipient
Which banks can I send money to in China?
You can send funds to a China Union Pay card to any of the 10 banks listed below.
We're constantly trying to enhance the list of supported banks and we’ll be adding new banks periodically throughout the year.
You can also send US funds to a bank account in over 220 banks in China.
Supported bank name (English)
Supported bank name (Chinese)
Industrial and Commercial Bank of China
中国工商银行 / 工行
Bank of China
China Construction Bank
中国建设银行
China Everbright Bank
中国光大银行
Hua Xia Bank
Harbin Bank
哈尔滨银行
Shanghai Bank
Guangdong Rural Credit Union
Henan Rural Credit Union
Qinghai Rural Credit
How can I get more help?
For more help with Global Money Transfers, contact us 24 hours a day, 7 days a week:
Call us at
1-866-330-7344
Opens your phone app.
Email us at
[email protected]
Opens your email app.
†
If you have a CIBC personal bank account (savings, chequing or a personal line of credit) or an eligible CIBC credit card but have not yet tried CIBC Global Money Transfer (“GMT”), request a GMT transfer and you can receive up to
$700 CA
credited to your account depending on the amount of your first transfer:
$35 CA credit for transfer amounts between $100 CA to
$9,999.99 CA
$100 CA credit for transfer amounts between
$10,000 CA
to
$29,999.99 CA
$300 CA credit for transfer amounts between
$30,000 CA
to
$49,999.99 CA
$500 CA credit for transfer amounts between
$50,000 CA
to
$69,999.99 CA
$700 CA credit for transfer amounts of $70,000 CA and over
If you pay for a GMT using your eligible credit card, the maximum amount that can be transferred is
$15,000 CA,
which means the maximum amount of cash back you could receive is
$100 CA.
If you send to a Visa card, the maximum amount that can be transferred is
$3,000 CA,
which means the maximum amount of cash back you could receive is
$35 CA.
If you send money for Cash Pickup, the maximum amount that can be transferred is
$2,000 CA,
which means the maximum amount of cash back you could receive is
$35 CA.
If you send money to an Alipay digital wallet, the maximum amount that can be transferred is
$8,000 CA,
which means the maximum amount of cash back you could receive is
$35 CA.
If you send money to a GCash or Maya digital wallet, the maximum amount that can be transferred is
$2,000 CA,
which means the maximum amount of cash back you could receive is
$35 CA.
Other GMT transfer limits may apply depending on the transfer method, receiving country selected and credit card network used. These limits may reduce the maximum cash back you may qualify for.
The credit will be applied to your CIBC account in 4 to 6 weeks. Use promo code REWARD to claim offer. Offer ends
11:59:59 pm EST
on
October 31, 2025.
CIBC may cancel or change the offer at any time without notice.
‡
The CIBC Smart
™
Account for Newcomers is offered to those who have received landed immigrant status or permanent resident in the last 5 years or those who are temporary resident workers who have a Canadian work permit issued for at least a
12-month
term. Must show proof of entry into Canada and provide supporting documents such as landing papers, permanent resident card or Canadian work permit (IMM 1442). Monthly account fee is rebated for two years after which regular monthly account fees apply without notice. You can qualify for this offer if you apply and are approved for a new eligible account beginning on
May 16, 2022.
The CIBC Smart™ Account for Newcomers is offered to those who have received landed immigrant status or permanent resident in the last 5 years or those who are temporary resident workers who have a Canadian work permit issued for at least a 12-month term. Must show proof of entry into Canada and provide supporting documents such as landing papers, permanent resident card or Canadian work permit (IMM 1442). Monthly account fee is rebated for one year after which regular monthly account fees apply without notice.
1
CIBC foreign exchange rates apply. A Global Money Transfer and a Foreign Exchange transaction counts towards your allowable transaction limit, bank account transaction fees may apply. The recipient bank may charge the recipient a transfer fee. Must have a CIBC chequing, savings, personal line of credit or eligible credit card account to send a CIBC Global Money Transfer. Most transfers are completed by the next business day. However, there are times when a transfer requires 2 to 3 business days to be completed.
Review the
CIBC
Global Money Transfer
Agreement (PDF, 135 KB)
Opens in a new window.
.
2
Referrals must be made to first-time users of CIBC Global Money Transfer in order to qualify for credits. Other conditions apply; review the
terms and conditions
(PDF, 105 KB)
Opens in a new window.
.
UnionPay is a registered trademark of China UnionPay, used under license.
Trademarks
