International Wire Payments
Moving Money Around
Moving money around the world is essential in conducting international business. To assist our customers, CIBC FirstCaribbean offers a variety of money transfer services to suit different business needs.
You can use the CIBC FirstCaribbean International Payments Service confident in the knowledge that it is an inter-bank transfer of cleared funds. When payments arrive at receiving banks, the funds are available to the beneficiaries immediately. This can help to improve cash flow and ensure that transactions and trade proceed smoothly. Since the payments are sent bank to bank by secure methods, customers can be sure that their funds are protected and safe from misuse.
This product represents a flexible method of sending funds overseas, which can meet different requirements in terms of speed and cost. Funds can be drawn from US dollar or other foreign currency accounts, or applied against a forward exchange contract.
The benefits of payments through CIBC FirstCaribbean:
Payments unconditional and guaranteed
No maximum value
Payments from dollar or foreign currency accounts or forward contracts
Payments in any freely traded currency
Wire Payments can be effectively and efficiently made through our Internet Banking service, to send money via Internet Banking you will need to be issued with a security token - call your Relationship Manager to have this service set up.
You can also fill out the Requisition for Wire Payments Transfer form and forward it to your relationship manager who will ensure your transfer is made.
Barbados customers should complete this Wire Payments Transfer form in order to comply with Barbados Central Bank regulations.