
When planning an international money transfer, ensuring your funds reach their destination accurately requires one crucial piece of information: the correct SWIFT/BIC code. For the Canadian Imperial Bank of Commerce (CIBC), this identifier is CIBCCATTXXX —a key detail that facilitates seamless cross-border transactions.
Headquartered at CIBC SQUARE, 81 Bay Street, Toronto, Ontario, M5G 2M8, Canada, CIBC is one of the nation's oldest financial institutions, offering comprehensive banking services to both individuals and businesses. The bank's SWIFT code serves as its unique international identifier within the global banking network.
SWIFT codes, assigned by the Society for Worldwide Interbank Financial Telecommunication, function as standardized bank identifiers that ensure precise routing of international payments. The code CIBCCATTXXX breaks down into distinct components: "CIBC" identifies the bank, "CA" represents Canada, "TT" indicates Toronto, and "XXX" serves as the branch identifier (with XXX typically denoting a primary office).
Verifying the accuracy of SWIFT codes before initiating transfers is critical. Incorrect codes may cause payment delays or misrouted funds, creating complications for both senders and recipients. When using CIBCCATTXXX for CIBC transfers, double-check all recipient details including account numbers and names to prevent processing errors.
Understanding CIBC's SWIFT code system enables customers to conduct international transactions with confidence. The bank's established infrastructure supports secure fund transfers while maintaining transparency throughout the process. Whether managing personal finances or corporate accounts, CIBC clients benefit from streamlined cross-border banking services designed for efficiency.