Personal Finance Money transfer

How to send money from CIBC to your Wise account in Canada

Piyush Singh
Piyush Singh
06.01.26
Read time 3 minutes

Moving money from CIBC® to Wise is straightforward — whether you're transferring to your own Wise account or paying someone abroad.

This guide walks through how to send money from CIBC to Wise, including step-by-step instructions, transfer costs, and Wise's benefits for international payments.

Table of contents

Understanding your options for sending money from CIBC to Wise

There are several ways to send money from CIBC to Wise, and your fees, speed, and limits will depend on which you choose.

Common transfer methods:

  • Bill payment
  • Domestic or international wire transfer
  • Debit or credit card

If you're sending money abroad, check which currencies each method supports. Wise can receive money in over 20 local currencies, but CIBC's available options may differ.

Keep an eye on fees. For example, CIBC may charge up to 80 CAD for wire transfers, and its exchange rate includes a markup.¹
Wise doesn't charge to receive Canadian dollar transfers into your CAD balance and generally allows unlimited incoming amounts.

How to send money from CIBC to Wise using CAD

Here's how to send money from CIBC to Wise in Canadian dollars, step-by-step.

Bill payment method

You can send money to Wise through CIBC's bill payment feature:

  1. Log in to CIBC Online Banking and select Bill Payments.
  2. Choose Add Payee and search for Wise. Enter your account number.
  3. Provide a phone number or email for verification — CIBC will send a code.
  4. Select Pay This Bill, confirm your payee, enter the amount, choose your payment account, and submit.²

CIBC bill payments typically process in 1–2 business days.² You'll need your recipient's name, institution number, transit number, and account number for domestic payments.

Wire transfer method

For larger payments, use a CIBC wire transfer.
To send via SWIFT to a CAD Wise account, you'll need:

  • Recipient's name
  • Account number
  • SWIFT/BIC code
  • Bank name and address

You'll need to visit a CIBC Banking Centre to initiate the wire.
Transfers usually take 1–3 business days, with fees of up to 80 CAD, depending on the amount sent.¹

How to send money from CIBC to Wise using USD

You can also send USD from CIBC to Wise. Wise users can open USD account details to receive direct US-dollar transfers from U.S. banks or international SWIFT payments.

If you send a USD wire from a CIBC CAD account, CIBC applies its own exchange rate,¹ which includes a markup. Using a CIBC US-dollar account can help you avoid conversion fees. CIBC also offers cross-border banking³ for Canadians who frequently send money to the U.S.

Comparison of CIBC transfer methods for sending to Wise

MethodCurrency supportedEstimated fee (CIBC)
Bill paymentSpeak to CIBC about your available currencies – you can use CIBC Global Money Transfer to send money to over 130 countries⁴No fee mentioned – confirm with CIBC
Wire transfer (CAD)Canadian dollars30 CAD for wires of 10,000 CAD or less; 50 CAD for wires of 10,000.01 CAD to 50,000 CAD; 80 CAD for wires of more than 50,000 CAD¹
Wire transfer (USD)US dollarsSame tiered fees as above; exchange-rate markup applies
Debit/credit cardDepends on your card – fees apply for payments in foreign currencies2.5% administration fee on foreign-currency transactions⁵

Fees to expect when sending from CIBC to Wise

Transfer fees depend on the method and currency used.

  • Wire transfers: up to 80 CAD per transaction, plus CIBC's exchange-rate markup.¹
  • Debit card transactions: about 2.5% for foreign-currency payments.⁵

Always confirm CIBC's fees and rates before sending your transfer.

Example costs of sending $1,000 CAD

Transfer method chosen at CIBCFees paid at CIBCAmount received in your Wise account
Bill paymentNo fee listed1,000 CAD – no Wise fee
Wire transfer (from a CAD account)30 CAD¹~963.84 CAD (6.16 CAD Wise receiving fee)
Wire transfer (from a foreign currency account)30 CAD¹~963.89 CAD (6.11 CAD Wise receiving fee)
Interac® e-Transfer1.50 CAD⁵998.50 CAD – no Wise fee
Debit/credit card2.5% fee975 CAD – no Wise fee
Direct debitNot listed1,000 CAD – no Wise fee

How to decide the best way to send money from CIBC to Wise

Choose the CIBC transfer method that best fits your needs.

  • Domestic transfers: Interac e-Transfers are ideal within Canada.
  • International transfers: Wire or bill payments can reach Wise abroad.

Receiving CAD transfers into Wise is generally free, but sending from CIBC may include fees, so check both sides before you transfer.

Why Canadians use Wise for international transfers

Wise is a digital alternative for sending and managing money internationally. You can send to 140 countries through direct transfers, Interac e-Transfers, or debit card payments.

With a Wise account, you can:

  • Open local account details in 10 currencies
  • Hold and manage 40+ currencies
  • Send money abroad from just 0.48% per transfer*

Wise uses the mid-market exchange rate with no hidden markups or unfair conversions, keeping your international payments transparent and affordable.

Whether you're sending money to the U.S. or paying family overseas, Wise lets you send, spend, and receive funds worldwide from one app.

move-money

Conclusion

You can use your CIBC account to send money to Wise, but the best method depends on your goals — domestic convenience or international reach.

CIBC offers options like bill payments and wire transfers, though fees can apply. For international transfers, Wise provides a flexible and low-cost alternative, letting you send money to over 140 countries with transparent pricing.

Explore Wise to manage your global money simply and affordably.

Sources

  1. CIBC - Sending and receiving wire transfers
  2. CIBC - How to pay a bill
  3. CIBC - US cross-border banking
  4. CIBC - Global Money Transfer
  5. CIBC - Service fees
    Sources verified on 06 January 2026

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.

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