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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 one-week mid-range stay in Fiji, travelers should budget approximately FJD 2,500 to FJD 3,500 (around USD 1,100 to USD 1,550) to cover accommodation, meals, activities, and transportation. Here’s a quick overview of typical daily expenses in Fijian dollars (FJD) to give you a sense of what to expect:
In terms of overall affordability, Fiji can be considered relatively expensive compared to the United States and average when compared to Australia. In the U.S., travelers often find meals and accommodations to be slightly less expensive, while in Australia, prices for daily essentials in Fiji are typically on par.
For expats settling in Fiji, the typical monthly living costs can range from FJD 2,500 to FJD 4,500 (USD 1,100 to USD 2,000), depending on lifestyle choices. This generally includes rent for a decent apartment, utilities, groceries, and leisure activities. When managing finances, it’s crucial to stay informed about banking options. Local banks offer basic services, but using international credit cards is also commonplace, particularly in tourist areas.
For sending or receiving money, online transfer services like Wise or OFX often provide better exchange rates and lower fees than traditional banks. It's usually advisable to exchange a small amount of cash locally for immediate expenses while relying on these transfer services for larger transactions, as they can minimize the overall cost of managing your finances abroad. In summary, expatriates in Fiji will find it advantageous to balance local currency use with online financial solutions for the best experience.
View a full list of exchange rates by selecting your Base (from) currency:
