When sending money to family or friends in Jamaica or conducting business with CIBC Caribbean Bank (Jamaica), one critical piece of information ensures your funds reach their destination securely: the bank’s SWIFT code. Functioning as a financial institution’s international identifier, this code guarantees accurate cross-border transactions. Below is a detailed guide to CIBC Caribbean Bank (Jamaica)’s SWIFT code and its proper usage.
What Is a SWIFT Code?
A SWIFT (Society for Worldwide Interbank Financial Telecommunication) code, also known as a BIC (Bank Identifier Code), is a standardized international bank identifier used for global payments. Comprising 8–11 alphanumeric characters, it facilitates secure and efficient transfers by pinpointing the recipient bank and branch.
CIBC Caribbean Bank (Jamaica)’s SWIFT Code: FCIBJMKNXXX
The primary SWIFT code for CIBC Caribbean Bank (Jamaica) is FCIBJMKNXXX . This code breaks down as follows:
- FCIB: Bank code (FirstCaribbean International Bank).
- JM: Country code (Jamaica).
- KN: Location code (Kingston).
- XXX: Branch code (default for head office).
When to Use FCIBJMKNXXX
This primary SWIFT code applies in these scenarios:
- International transfers: Required for sending funds to a CIBC Caribbean Bank (Jamaica) account from abroad.
- Unspecified branch details: If the recipient provides only the bank name and account number without a branch-specific SWIFT code.
- Centralized processing: Some banks route all international transactions through their head office, making the generic code sufficient.
- Default option: When the exact branch code is unavailable, FCIBJMKNXXX serves as a widely accepted fallback.
Branch-Specific SWIFT Codes
While the head office code typically works, certain transactions may require branch-specific SWIFT codes. To minimize errors, verify the recipient’s exact branch code when possible.
How to Find Branch SWIFT Codes
- Ask the recipient: The most reliable method is to request the code directly from the account holder.
- Contact the bank: CIBC Caribbean Bank (Jamaica)’s customer service can provide branch-specific codes.
- Use verified tools: Reputable online SWIFT code directories may offer this information, but cross-check results for accuracy.
Key Considerations
- Accuracy is critical: Incorrect codes may delay transactions or incur fees.
- Verify details: Confirm the recipient’s bank name, account number, and SWIFT code before initiating transfers.
- Understand fees: International transfers often involve charges; compare rates across providers.
- Monitor exchange rates: Currency fluctuations can affect transfer values; time transactions strategically.
Conclusion
Using the correct SWIFT code—whether the head office’s FCIBJMKNXXX or a branch-specific variant—is essential for seamless cross-border transactions with CIBC Caribbean Bank (Jamaica). Prioritize verification to ensure funds arrive promptly and securely.
CIBC Caribbean Bank (Jamaica) Head Office Address:
23-27 Knutsford Boulevard,
Kingston,
Jamaica