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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.
For travelers planning a week-long mid-range stay in Samoa, a budget of about 1,500 to 2,000 WST (Samoan Tala) is advisable. This estimation covers accommodations, meals, transportation, and some leisure activities. Here’s a glimpse of typical daily expenses in WST:
In comparison to the United States, Samoa tends to be slightly cheaper in terms of dining and local transportation, but housing options can be more expensive depending on your location. When compared to Australia, travelers might find that Samoa offers a more affordable experience overall, especially when it comes to enjoying local cuisine and engaging in outdoor activities.
For expats relocating to Samoa, typical monthly living costs can range between 3,000 to 4,500 WST, depending on lifestyle choices. This includes rent, utilities, groceries, and dining out. It's wise for expats to familiarize themselves with the local banking system, as many international card providers are accepted within major towns. However, for larger expenses or regular payments, utilizing online transfer services like Wise or OFX may prove more economical, given favorable exchange rates and lower fees compared to traditional banks. When it comes to exchanging money, local options can be reliable, but expats might find they save more by transferring funds through established online services, especially if they're regularly sending money home.
In summary, Samoa combines a laid-back lifestyle with reasonable living costs, making it an attractive destination for both travelers and expats alike.
View a full list of exchange rates by selecting your Base (from) currency:
