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CIBC Digital Business Wire Transfer Services

CIBC Digital Business wire transfer services enable Canadian businesses to send and receive payments domestically through the Large Value Transfer System and internationally through the SWIFT network. The platform supports wires to 140+ countries across 40 currencies with same-day settlement for domestic wires initiated before 2:00 PM ET.

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Key Features

LVTS Domestic Wires

High-value domestic wire transfers with same-day settlement through Canada's primary large-value payment system.

SWIFT International

Cross-border wire payments to 140+ countries with full tracking and competitive FX conversion.

Multi-Currency Support

Send and receive wires in 40 currencies with transparent exchange rates and low spreads.

Approval Workflows

Configurable multi-level approval chains based on transaction amount, currency, and destination.

How It Works

Account Setup

Configure your business account through the CIBC Digital Business platform with administrator approval.

Configuration

Set up payment templates, approval workflows, and user permissions for your team.

Integration

Connect your accounting software via API or file-based integration for automated data flow.

Operation

Process payments, generate reports, and monitor transactions through the unified dashboard.

Important: This service is available exclusively to registered Canadian businesses. Personal banking customers should use retail banking channels. Processing times and fees are subject to change based on account type and volume.

Frequently Asked Questions

Domestic wires submitted before 2:00 PM ET settle same-day, typically within 2–4 hours. Wires submitted after cutoff process on the next business day. Q1 2026 data shows 96.8% of same-day wires settle within 4 hours.
For international wires you need: beneficiary name, address, account number or IBAN, SWIFT/BIC code of the receiving bank, and the receiving bank's full name and address. Canadian regulatory requirements also mandate recording the purpose of payment for wires exceeding $10,000 CAD.
Domestic LVTS wires cost $15 per transfer. International SWIFT wires cost $30 for standard processing or $50 for priority (same-day) processing. Volume discounts apply for businesses processing more than 50 wires per month.
Yes, recurring wire templates can be configured for regular payments to the same beneficiary. Templates support fixed amounts or variable amounts with approval required before each execution.

Ready to Get Started?

Contact our commercial banking team to activate this service for your business account.

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