![]() ![]() You can also send from your Canadian dollar bank account for your recipient to receive the funds in US dollars. Your recipient will receive the funds in his or her local currency. In what currency will my recipient receive the funds? A Global Money Transfer counts towards your allowable transaction limit. We give CIBC Global Money Transfers to all of our clients free of fees. Is there a fee for sending a CIBC Global Money Transfer? The recipient’s bank may charge a fee, but CIBC does not. If you gave us the correct information, the funds will be deposited directly into the recipient’s account. What does my recipient need to do to receive the funds? Typically, the recipient will receive the funds within 1-3 business days. How long will it take for funds to reach my recipient? The official name and location of the recipient’s bank, including country, city, province or state, postal code or area code.What information do I need to provide about my recipient? Yes, you need a CIBC chequing, savings, personal line of credit or an eligible credit card account to send a CIBC Global Money Transfer. The recipient's address, bank name and bank account numberĭo I need to be a CIBC client to use the CIBC Global Money Transfer service?.You can send a maximum of $75,000 Canadian in total, per 24-hour period. You can use the service as often as you like. Learn more about CIBC Global Money Transfer™ Limits (PDF, 45 KB) Opens in a new window. The limit for China UnionPay transactions is 5 transactions per day and 20 transactions per month.įor CIBC Global Money Transfers to the following countries, clients can send up to $75,000 CA in a 24-hour period and up to the following amount at a time (per transaction):.A recipient in mainland China can receive a maximum amount of $50,000 US yearly from any source.Note: The Government of the People’s Republic of China enforces the following additional limits when someone sends money to a China UnionPay card: To an Alipay account, you can send up to $8,000 CA per transaction.To a China UnionPay card, you can send up to $3,000 CA per transaction.Small Business clients have a maximum of $100,000 CA per day.įor GMTs to China, the funds are delivered in CNY or USD depending on the transfer method. The total amount you can send in a 24-hour period is $75,000.įor cash pickup transfers to Pakistan, the limit is $999 per transaction. Additionally, when paying with your credit card, the weekly limit is $40,000 CA and the monthly limit is $80,000 CA. If you pay using your credit card, you can send up to $15,000 CA per transaction, or up to your credit limit if it’s under $15,000, in a 24-hour period. The minimum amount you can send in one transaction is $100 CA.įor most countries, you can now send up to $75,000 CA per transaction when you pay with your bank account or line of credit. Here’s the list of countries you can send money to: Country ![]()
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