CIBC SWIFTBIC Code Simplifies Secure International Transfers

Published: 08/12/2025
SWIFT code international remittance bank transfer
This article introduces the SWIFT/BIC code CIBCCATTMPS of Canadian Imperial Bank of Commerce, detailing its structure, usage scenarios, and verification recommendations. It aims to assist readers in ensuring the accuracy of international remittances and minimizing the risk of transfer errors.
CIBC SWIFTBIC Code Simplifies Secure International Transfers

When sending money internationally, ensuring the security and accuracy of your transfer is paramount. One critical element in this process is the SWIFT/BIC code, a unique identifier that helps route funds to the correct bank and branch. For instance, the Canadian Imperial Bank of Commerce (CIBC) uses the SWIFT code CIBCCATTMPS . Understanding how these codes work can prevent errors and delays in your transactions.

1. Overview of CIBC’s SWIFT/BIC Code

The SWIFT code for the Canadian Imperial Bank of Commerce is CIBCCATTMPS . This code is structured as follows:

  • CIBC : The bank code for Canadian Imperial Bank of Commerce.
  • CA : The country code for Canada.
  • TT : The location code for Toronto.
  • MPS : The branch identifier.

CIBC’s headquarters are located at 81 Bay Street, CIBC Square, Toronto, Ontario, M5J 0E7, Canada.

2. When to Use CIBCCATTMPS?

SWIFT codes play a vital role in international financial transactions by ensuring funds reach the correct destination. When sending money to CIBC, using the code CIBCCATTMPS guarantees that your transfer is routed accurately. Always verify that the SWIFT code matches the recipient bank’s official name and address to minimize errors.

3. Decoding the SWIFT/BIC Structure

SWIFT/BIC codes typically consist of 8 to 11 characters, each serving a specific purpose:

  • Bank Code (CIBC) : Four letters identifying the bank.
  • Country Code (CA) : Two letters representing the country.
  • Location Code (TT) : Two characters indicating the bank’s city or region.
  • Branch Code (MPS) : Three characters specifying a particular branch. A code ending in "XXX" usually refers to the bank’s headquarters.

4. Tips for Smooth International Transfers

To ensure a seamless transfer, consider the following:

  • Verify the Bank Name : Confirm the recipient bank’s name matches the SWIFT code.
  • Check the Branch : If using a branch-specific code, ensure it aligns with the recipient’s account.
  • Confirm the Country : Double-check that the SWIFT code corresponds to the correct country.

5. Choosing the Right Service for International Transfers

Selecting a reliable service for international transfers can save time and money. Many platforms offer competitive exchange rates and lower fees compared to traditional banks. Additionally, 24/7 customer support can provide assistance if issues arise during the transfer process.

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