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Understanding the Table:
The comparison table above helps you see the total cost of your CIBC currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
CIBC uses different bank codes depending on the currency and location of the sending bank. Here are some of the most common bank codes used for receiving foreign wire transfers:
SWIFT Code: CIBCCATT: This code is used for receiving wire transfers in Canadian dollars (CAD) from foreign banks.
Transit Number and Institution Number: These codes are used for receiving wire transfers in Canadian dollars (CAD) from banks located within Canada.
ABA Routing Number: 021000089: This code is used for receiving wire transfers in U.S. dollars (USD) from banks located within the United States.
CHIPS UID: 0902: This code is used for receiving wire transfers in U.S. dollars (USD) from foreign banks that are members of the Clearing House Interbank Payments System (CHIPS).
Fedwire ABA Routing Number: 026009593: This code is used for receiving wire transfers in U.S. dollars (USD) from banks located outside of the United States.
It's important to note that specific bank codes may vary depending on the currency and location of the sending bank, and it's recommended to confirm the correct codes with CIBC before initiating a wire transfer. Additionally, CIBC may charge fees for receiving wire transfers, so it's important to check the current fees and policies before initiating a transaction.
CIBC offers several credit cards with different foreign transaction fees. Here are some examples:
CIBC Aventura Visa Infinite Card: This card charges a foreign transaction fee of 2.5% of each transaction in Canadian dollars.
CIBC Dividend Visa Infinite Card: This card charges a foreign transaction fee of 2.5% of each transaction in Canadian dollars.
CIBC Aeroplan Visa Infinite Card: This card charges a foreign transaction fee of 2.5% of each transaction in Canadian dollars.
CIBC Platinum Visa Card: This card charges a foreign transaction fee of 2.5% of each transaction in Canadian dollars.
It's important to note that credit card terms and conditions can change, so it's always a good idea to check the current fees and policies before applying for or using a credit card for foreign transactions.
If you wish to save on exchange rates and foreign ATM fees then you should consider the Wise multi-currency card.
How much does it really cost to live, work, or travel in ? Here's what to expect for daily expenses and expat living.
When planning a mid-range stay in Oman for one week, travelers should budget approximately OMR 300 to OMR 450 ($780 to $1,170), which would cover accommodation, meals, transportation, and leisure activities. Here’s a breakdown of typical daily expenses in Omani Rial (OMR) to help you get started:
Overall, Oman remains an affordable destination compared to the United States and Canada, where daily expenses can be significantly higher. In particular, expect to pay about 20% less overall for meals and casual travel expenses in Oman. In contrast, the UK is slightly more expensive, especially in London, where similar dining and accommodation would cost about 30% more.
For expats in Oman, typical monthly living costs hover around OMR 500 to OMR 700, covering rent, food, utilities, and leisure. A furnished apartment in Muscat will typically set you back around OMR 200 to OMR 350 monthly, while groceries may cost about OMR 100. Understanding the local banking system is crucial—most establishments accept international bank cards, but local cash transactions are common, especially in smaller towns. For international money transfers, services like Wise or OFX often offer better exchange rates and lower fees compared to banks. It’s usually advantageous to exchange a minimal amount of cash upon arrival and rely on online transfer services for larger transactions to maximize your savings while enjoying the Omani experience.
View a full list of exchange rates by selecting your Base (from) currency:
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