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Q: How much does it cost to send a wire transfer with CIBC?

A: Sending a wire transfer will cost you over $30 with hidden fees.

When sending or receiving a wire transfer with CIBC, you will incur at least $15 per payment. The cost of outgoing payments start at $30, and can cost up to $80 for amounts greater than $50,000.

Receiving a wire transfer will cost you $15 CAD per payment. Watch out for other surprise fees as correspondent banks may levy additional charges.


Send or collect payments with Plooto for $1 or less!

With Plooto, you’re able to send or collect domestic payments for $1 per transaction or less with no monthly fees.

Working with the banks, Plooto is proud to offer a fully cloud based payment solution. This means no more trips to the bank, waiting in line or trying to meet with all your signing officers! Use Plooto anytime, anywhere.

To make life easier, Plooto is also fully integrated with QuickBooks and Xero so that bills & invoices are reconciled with any payments made.

It is completely free to sign up with no monthly fees.

Learn more about Plooto.