CIBC Explains SWIFT BIC Codes for Secure Transfers

Published: 08/12/2025
SWIFT Code CIBC International Remittance
Understanding the SWIFT/BIC code of the Canadian Imperial Bank of Commerce (CIBC) is crucial for ensuring the security and timeliness of international money transfers. This article details the composition and importance of CIBC's SWIFT/BIC code, as well as how to verify the necessary information when making international remittances. Accurately using the correct SWIFT code can prevent potential issues in fund transfers.
CIBC Explains SWIFT BIC Codes for Secure Transfers

In today’s globalized economy, the need for international bank transfers has grown significantly. However, errors in banking details can lead to delays or failed transactions. One critical element in ensuring smooth cross-border payments is the SWIFT/BIC code, particularly for institutions like the Canadian Imperial Bank of Commerce (CIBC). This code acts as a unique identifier, guaranteeing that funds reach the intended account securely and efficiently.

What Is a SWIFT/BIC Code?

A SWIFT/BIC code is an 8- to 11-character alphanumeric identifier used to pinpoint specific banks and their branches worldwide. Each segment of the code provides key information:

  • Bank Code (CIBC) : The first four letters represent the bank’s abbreviated name (e.g., "CIBC" for Canadian Imperial Bank of Commerce).
  • Country Code (CA) : The following two letters denote the bank’s location (e.g., "CA" for Canada).
  • Location Code (TT) : The next two characters indicate the bank’s headquarters or primary office.
  • Branch Code (MPS) : The final three characters (optional) specify a particular branch. A code ending in "XXX" typically refers to the bank’s head office.

CIBC’s SWIFT/BIC Code

For the Canadian Imperial Bank of Commerce, the SWIFT/BIC code details are as follows:

Full SWIFT Code : CIBCCATTMPS

Core SWIFT Code (8 characters) : CIBCCATT

Bank Name : Canadian Imperial Bank of Commerce

Address : 81 Bay Street, Toronto, Canada

Why the SWIFT/BIC Code Matters

Using the correct SWIFT/BIC code is vital for seamless international transfers. Errors can result in delays, additional fees, or even lost funds. To avoid complications, consider the following precautions:

  1. Verify the Bank Name : Confirm that the recipient’s bank name matches the one associated with the SWIFT code.
  2. Check the Branch : If using a branch-specific code, ensure it aligns with the recipient’s account location.
  3. Confirm the Country Code : Cross-check that the SWIFT code’s country designation corresponds to the recipient’s bank location.

Final Considerations

Understanding and accurately using CIBC’s SWIFT/BIC code is essential for secure and timely international transactions. Always double-check the details before initiating a transfer to minimize risks and ensure a smooth process.

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