CANADIANS --- bank wire transfer question
 

Hey guys,

I'm just interested in knowing what are the charges that CIBC imposes on receiving wire transfers? Anyone know? I've never gotten a wire before, so I dunno if they are gonna take away a huge chunk of it

Who charges for incoming money transfers at all ?

Sending is $ 42 CAD though .

I don't know, thats why I'm asking lol

Well you won't have to pay anything for incoming transfer at CIBC.

National Bank of Canada charges 15.00 for incoming wire transfer,
have no clue what CIBC would charge

Royal Bank doesn't charge anything for incoming wires either

TD/Canada Trust doesn't charge for incoming either.

Cool thanks guys :)

BMO charges a $14 handling fee for incoming wires. So does Royal Bank.

Where the banks often ding you the most is if you receive a US dollar wire into a Canadian dollar account --- you'll get a non-competitive exchange rate. Make sure you open a US dollar account for US wires.

Really? They charge us $10. What kind of account you have? (Ours is a US Dollar Corp account).

:thumbsup was about to say that

Shit... now you tell me :(