Compare CIBC CAD to USD Money Transfers
We compare CAD to USD exchange rates from CIBC to other well established, regulated FX providers and banks to help you save when sending money or making an international payment from Canada to United States.
The FX providers listed below can help you with the whole process, provide useful advice, online tools and most importantly bank-beating exchange rates & low or zero fees.
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CIBC International Transfers
One of Canada’s so-called “Big Five”, the Canadian Imperial Bank of Commerce was formed by the merger in 1961 of the Canadian Bank of Commerce and the Imperial Bank of Canada and is seen as a trusted banking institution.
CIBC has been improving their client platform in recent years with "global capabilities" with the aim of allowing their customers to move money across borders just as easily as making a domestic wire transfer.
So let's talk about how CIBC international money transfer services meet customers' needs.
CIBC does not publish their exchange rates publicly which is frustrating. Our BER International Money Transfer partners tend to offer guaranteed transparency on all conversions.
When you get a quote for your Global Money Transfer from CIBC on their website or in-app, you can also see the CIBC exchange rate, but it can be difficult to then calculate how much you are being charged.
Our research shows that on average, CIBC profit margin for foreign exchange rates is somewhere between 4 - 8%, depending on the amount you're sending, where you're sending it to and which currency will be received.
While all banks in Canada charge this markup, the extra amount being charged is much higher than it would be with an international money provider.
BER partners are the best & most trusted FX brands
We also compare popular bank exchange rates