CIBC
cibc.com › en › personal-banking › credit-cards › articles › foreign-currency-credit-card.html
Credit Card Foreign Currency Transaction Fees | Tips and Advice | CIBC
It’s common for a credit card company to charge a foreign currency conversion fee between 1% and 3% of the transaction amount, though some cards are considered no-foreign transaction fee cards and don’t charge a fee for currency conversion or foreign currency purchases.
CIBC
cibc.com › en › personal-banking › bank-accounts › additional-service-fees.html
Banking Fees and Service Charges | CIBC
Note: Outgoing wire fees will be charged in Canadian currency. For wires from foreign currency accounts (including US accounts), the equivalent fee will be charged in the same currency as the account using an exchange rate set by CIBC on a date determined by CIBC. Using Your Debit Card ·
Exiap
exiap.ca › home › guides › cibc cards foreign transaction fees & alternatives for travel
CIBC Cards Foreign Transaction Fees & Alternatives for Travel - Exiap
March 19, 2025 - Yes. While specific account and card fees can vary a little, there is usually a CIBC foreign transaction fee to pay when you use your card to spend or withdraw in a foreign currency. If you use a CIBC debit card the amount deducted from your CAD account will usually include a 2.5% fee.
CIBC
cibc.com › content › dam › cibc-public-assets › personal-banking › credit-cards › all-credit-cards › costco › documents › summary-rates-and-fees-en.pdf pdf
CIBC Credit Card Summary of Annual Interest Rates and ...
Foreign currency Transactions (except ... charged the same conversion rate CIBC must · pay, on both debits and credits. You are charged a fee of 2.5% of the converted amount, on both debits and credits....
Reddit
reddit.com › r/personalfinancecanada › foreign fees on credit card
r/PersonalFinanceCanada on Reddit: Foreign fees on Credit Card
March 3, 2023 -
I have a Cibc Aeroplan Visa which states that there is a 2.5% foreign transaction fee, but when making purchases in America, the conversion rate posted to my account just shows the regular google exchange of $1.38. So where is this foreign fee of 2.5%?
When I compare it to my Amex which has no transaction fees, the difference is only a few cents difference.
Top answer 1 of 4
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The exchange rate includes the 2.5% FX fee. You probably paid $1.38 when the spot price was $1.35. The highest conversion rate in the last month is $1.36.
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Go to the Visa exchange rate calculator , enter your transaction date, the amount of the transaction and the 2.5% bank fee, and you will be able to verify the fee you were charged. It is bundled into the markup on the exchange rate in addition to a separate exchange fee charged by Visa.
CIBC
cibc.com › en › personal-banking › credit-cards › articles › us-dollar-card.html
CIBC’s U.S. dollar credit card in Canada
1 month ago - With a U.S. dollar credit card, your purchases are charged and paid for in U.S. dollars only, so you save on U.S. currency conversion fees. With a no foreign transaction fee credit card, your cross-border purchases are charged in Canadian dollars, but your foreign transaction fee is waived.ⓘ
CIBC
cibc.com › en › personal-banking › ways-to-bank › ways-to-pay › advantage-debit-card.html
Shop with Visa Debit Worldwide | CIBC Advantage Visa Debit Card
3 If you use your CIBC Advantage Debit Card to purchase goods and/or services outside of Canada, a converted Canadian dollar amount will be debited from your account, based on the same conversion rate CIBC is required to pay, plus an administration fee of 2.5% of the converted amount.
CIBC
cibc.com › content › dam › cibc-public-assets › personal-banking › credit-cards › documents › form-business-credit-card-summary-of-annual-interest-rates-and-fees-13552-en.pdf pdf
Business Credit Card Summary of Annual Interest Rates ...
Foreign currency Transactions (except ... charged the same conversion rate CIBC must · pay, on both debits and credits. You are charged a fee of 2.5% of the converted amount, on both debits and credits....
Monito
monito.com › home › money transfer provider reviews
CIBC Foreign Currency Exchange, International Wire Transfer & ATM Fees explained
You can compare the options on CIBC’s website or learn about innovative multi-currency cards here. Most credit cards will typically charge between a 2.5 and 3 percent foreign transaction fee on the total purchase amount. Here are the costs for using CIBC debit and credit cards at ATMs:
CIBC
cibc.com › content › dam › personal_banking › bank_accounts › pdfs › cibc-pasf-en.pdf pdf
At CIBC, we are committed to keeping you
The transaction fee shown is for · cheques written in U.S. currency only. For U.S. dollar · cheques ordered prior to December 2011, if the payee of · the cheque negotiates the cheque at a financial institution · outside Canada, that institution may not accept the · cheque or may deduct a large fee from the cheque’s ... CIBC Smart for Seniors. These benefits vary based on the ... Personal Lines of Credit) and debit purchases.
CIBC
cibc.com › content › dam › personal_banking › ways_to_bank › pdfs › 7929_Debit_Card.pdf pdf
For more information talk to a CIBC advisor visit your nearest Banking Centre
Advantage Debit Card transactions, account fees apply for · purchases outside Canada. An administration fee will apply to · transactions made in U.S. or other foreign currency.
CIBC Asset Management
cibcassetmanagement.com › email › assets › documents › pdfs › us-banking-solutions-en.pdf pdf
US cross-border banking made easier
Transactions (debits and credits) not in the currency of your card are converted into the currency of your card no later · than the transaction posting date, at an exchange rate that is 2.5% over the rate CIBC must pay. 3 Aventura Points are earned on card purchases less returns, and not on ...
Wise
wise.com › ca › blog › interac-debit-vs-visa-debit-cibc
A closer look at Interac debit and Visa debit with your CIBC account - Wise
September 1, 2025 - Limits & fees: No international functionality, so no applicable fees or FX rates to consider. Cross‑border fees: If you use Visa Debit outside Canada, you’ll be charged a foreign transaction fee of 2.5% on top of the underlying exchange rate.
CIBC
cibc.com › content › dam › personal_banking › bank_accounts › pdfs › cibcdebitcard-en.pdf
Temporarily Unavailable Message — Site temporairement inaccessible | CIBC
If you’re on a mobile device, continue banking through the CIBC Mobile Banking App · Si vous utilisez un appareil mobile, effectuez vos opérations bancaires avec l’appli Services bancaires mobiles CIBC
CIBC Caribbean
cibccaribbean.com › schedule-of-charges
Cibccaribbean
Understand the fees and charges associated with your CIBC Caribbean accounts.
Reddit
reddit.com › r/personalfinancecanada › using cibc debit + credit card in the usa
r/PersonalFinanceCanada on Reddit: Using CIBC Debit + Credit Card in the USA
March 25, 2022 -
Hi there,
I am going to visit NYC for the first time this summer (first time visiting the US for that matter). I am wondering what it will be like using my bank cards in the states. I am with CIBC and have a Dividend Visa Card, and an Advantage Debit Card.
In terms of transactions being done in the United States, will it just charge the USD amount onto my debit, or is there an additional fee for using my card in another country?
I hope this makes sense. Thanks!
Reddit
reddit.com › r/personalfinancecanada › [deleted by user]
credit card foreign transaction fee
November 6, 2023 - dollars (for U.S. dollar cards) is the rate charged to us by the payment network on the date the transaction is posted to your account plus 2.50% for purchases and minus 2.50% for refunds. ... Wealthsimple/EQ have no FX fee cards. ... Roger's mastercard world elite was able to refund me the ...
CIBC
cibc.com › en › personal-banking › smart-advice › travel › foreign-currency.html
Foreign Currency | Travel | CIBC
A Foreign Exchange transaction counts towards your allowable transaction limit; bank account transaction fees may apply. 2 CIBC foreign exchange rates apply when you purchase a CIBC Smart™ Prepaid Travel Visa* Card in a foreign currency offered on the prepaid card.
Reddit
reddit.com › r/costcocanada › costco mastercard fx rates are great for foreign travel apparently
r/CostcoCanada on Reddit: Costco Mastercard FX rates are great for foreign travel apparently
October 20, 2023 -
So, it seems CIBC Costco Mastercard foreign conversion rates including fees are at par with leading credit card that claims to have no FX transaction fees. It turns out that although Costco Mastercard doesn’t say they do not charge forex transaction fee, the FX rates are the same as Scotiabank Passport Visa Infinite Card. I have tested this in 3 countries, France, U.S. and India. Used same amounts on two cards at the same time. I am wondering how? Anyone had similar experiences?
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The Summary of Rates and Fees explicitly lays out how foreign transactions are charged. https://www.cibc.com/content/dam/cibc-public-assets/personal-banking/credit-cards/all-credit-cards/costco/documents/summary-rates-and-fees-en.pdf Foreign currency Transactions (except CIBC Convenience Cheques) are converted to Canadian dollars on or after the Transaction date and no later than the Transaction posting date. You are charged the same conversion rate CIBC must pay, on both debits and credits. You are charged a fee of 2.5% of the converted amount, on both debits and credits. This fee is charged on currency conversion. A foreign currency Convenience Cheque or payment is converted at CIBC’s branch selling rate for Canadian dollars in effect at the time it is processed by CIBC. To reiterate, CIBC charges you what the $CAD amount is after Mastercard converts it, then they tack on an additional 2.5% fee on top. So you're effectively paying 2.5% more than if you use a no-fx fee Mastercard, like Brim, HSBC, Wealthsimple Cash or EQ Bank Card. CIBC is not giving you any discount.
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That would be a major plus- what is the card that you have been comparing it against?
Spring Financial
springfinancial.ca › home › the best canadian no foreign transaction fee credit cards 2025
The Best Canadian No Foreign Transaction Fee Credit Cards 2025 - Spring Financial
May 23, 2025 - The rate on this card is a purchase interest rate of 20.99%, a cash advance rate of 22.99%, and an annual fee of $139. You will have to pay foreign transaction fees, which range from 1%-3%. ... The CIBC Costco Mastercard is a card that’s ...