CIBC Routing Number in Canada

Understanding the CIBC routing number is an important part of managing your finances with the Canadian Imperial Bank of Commerce in Canada. The 9-digit CIBC routing number allows the bank to properly process cheques, direct deposits, bill payments, and wire transfers.

As one of the Big Five banks in Canada, CIBC (Canadian Imperial Bank of Commerce) plays a major role in the Canadian financial system. CIBC has over 10 million clients across Canada. This article will explain what a routing number is, the components of a CIBC routing number, how to find your personal or business CIBC routing number, and how these numbers are used for various banking

What is CIBC Routing Number?

A routing number is a 9-digit code that identifies a financial institution and branch in Canada. It allows banks to properly route and process various paper and electronic financial transactions.

Routing numbers are also occasionally referred to as transit numbers, ABA routing numbers, or banking routing numbers. However, they all serve the same purpose of identifying a bank and branch.

A routing number consists of three components:

• Institution Number – A 3-digit number identifying the financial institution
• Transit Number – A 5-digit number identifying the specific branch
• Account Number – A 1-12 digit number identifying the individual account

For paper transactions like cheques, the routing number is formatted with the transit number first and then the institution number. Electronic transactions are formatted with the institution number first.

There are two main routing number formats used in Canada:

• Electronic format: 0XXXYYYYY
  • e.g. 010999999
• Paper format: YYYYY-XXX
  • e.g. 99999-010

The electronic format is used for digital transactions like direct deposits, wire transfers, and bill payments. The paper format is printed on cheques and used to process physical cheque payments.

All Canadian financial institutions have a unique 3-digit institution number assigned by Payments Canada. The 5-digit transit number identifies a specific branch, while the account number points to an individual’s account.

CIBC Routing Number Components

For all transactions with CIBC, whether digital or paper-based, the institution number is 010. This 3-digit code specifically identifies the Canadian Imperial Bank of Commerce across Canada.

The second component is a 5-digit CIBC transit number that identifies the specific branch location where an account is held. Transit numbers are assigned by CIBC to each of their branches and banking centers.

For example, the CIBC branch at 123 Fake Street in Toronto might be assigned a transit number like 01234.

Finally, the account number is a 7-12 digit code that points to an individual’s unique bank account. Account numbers are assigned by CIBC when personal and business bank accounts are opened.

So, for a cheque or online payment from a CIBC account held at the 123 Fake Street branch, the full 9-digit routing number would be:

Electronic format: 010012347654321

Paper format: 01234-010-7654321

How to Find Your CIBC Routing Number

There are a few easy ways to find your personal or business CIBC routing number:

CIBC Online Banking

Signing into your CIBC online banking account and navigating to account details or statements provides your full routing number:

• Institution number
• Transit number
• Account number

You can also print a cheque or pre-authorized debit form directly from CIBC online banking which will display your routing number.

Bottom of Cheque

Personal and business cheques issued by CIBC display the 9-digit routing number along the bottom. This is in the paper format with the transit number first.

Account Statements

CIBC account statements, whether digital or paper, also clearly list the institution number, transit number, and account number, which make up your full routing number.

CIBC Branch Locator

You can look up your transit number by looking for your branch on the CIBC website. Search for your location by address or postal code, and the CIBC branch profile will show the 5-digit transit number.

Remember to add the institution number 010 to the front for the full routing number.

Calling CIBC

Speaking with a CIBC banking representative by phone or visiting a branch are other options to directly obtain your routing number.

So, in summary, your CIBC routing number can be found:

• In CIBC online banking
• At the bottom of a CIBC Void cheque
• On CIBC account statements
• Through the CIBC branch locator
• By contacting CIBC directly

Take note that the home branch where an account was opened may have a different transit number than the nearest CIBC branch. So always check statements and online banking for the exact transit number associated with each account.

Uses of the CIBC Routing Number

Routing numbers serve many important purposes for managing accounts and making payments to and from CIBC. Here are some of the main uses:

Direct Deposits

Providing your CIBC routing number and account number to an employer or other organization allows them to set up direct deposit transfers like payroll.

Online Bill Payments

Registering the routing number with merchants enables recurring online bill payments from a CIBC account for expenses like utilities, subscriptions, and other bills.

Wire Transfers

Wiring money domestically and internationally requires providing the recipient with your CIBC routing number and account number.

Cheque Processing

Cheques list the 9-digit routing number to allow proper clearing and processing through the banking system and networks like the Canadian Payment Association.

Pre-Authorized Debits

Pre-authorized payment forms for expenses like gym memberships and insurance often require your routing number to link to your CIBC account.

Government Deposits

Tax refunds and other government payments like GST credits require a banking routing number to directly deposit funds into CIBC accounts.

So, in summary, the CIBC routing number enables the following:

• Direct deposits
• Online bill payments
• Wire transfers
• Cheque clearing
• Pre-authorized debits
• Government deposits

Providing this important number to employers, businesses, government agencies, and other organizations ensures your payments are properly routed.

Formatting the Routing Number

When filling out forms and providing your routing number, it’s important to get the format correct.

Here are some tips:

• For the transit number, add leading zeros if it is not already five digits
• For the account number, add leading zeros if it is not already seven digits
• Use the electronic format (institution number first) for digital transactions
• Use the paper format (transit number first) for physical cheques

For example:

Raw Routing Details:

• Institution: 10
• Transit: 1234
• Account: 1234577

Properly Formatted:

Electronic format: 010012341234577

Paper format: 01234-010-1234577

Getting the routing number details precisely right avoids issues processing payments and transfers from your account. CIBC may reject transactions if the account and routing numbers do not match their records.

Double-check that you have the right routing number for the specific CIBC account you wish to use. While the institution number is always 010 for CIBC, the transit number varies across branches.

Conclusion

Understanding routing numbers is an important part of managing your finances and making digital and paper-based payments from CIBC accounts.

The 9-digit CIBC routing number consists of:

• 010 institution number
• 5-digit transit number
• 7-12 digit account number

Look to your statements, cheques, online banking, branch locator, or call CIBC to find your correct routing details.

Provide the properly formatted routing and account number when setting up direct deposits, making wire transfers, paying bills, or sending in cheque payments.

Accurate routing numbers allow your transactions to be seamlessly processed through Canadian payment networks and avoid rejections or delays.

With over 10 million clients, CIBC is a major Canadian bank. Knowing your routing number enables making smooth deposits, transfers, bill payments, and other transactions through Canada’s financial system.

Our Routing Number Guides for Canadian Banks

Need help finding and using bank routing number in Canada? Browse our handy references:

• How to Find Your BMO Routing Number
• How to Find Your National Bank Routing Number
• How to Find Your TD Routing Number
• How to Find Your RBC Routing Number
• How to Find Your Tangerine Routing Number
• How to Find Your Scotiabank Routing Number
• Finding Your Simplii Financial Routing Number

Find the right routing number for seamless banking across Canadian institutions!

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Frequently Asked Questions About CIBC Routing Number

Article Sources:

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1. CIBC institution number, transit number and routing number – https://wise.com/
2. Sending and Receiving Wire Transfers – https://www.cibc.com/
3. Transit Number, Institution Number and Account Number – https://www.cibc.com/