How much does CIBC charge for currency exchange?

This fee is an extra 2.5% on top of the purchase price which can increase your total spending. Do all CIBC travel credit cards charge foreign transaction fees? If you use your Canadian credit card outside of Canada or for any foreign currency transactions, you pay a foreign currency conversion fee of 2.5%.

Will CIBC exchange foreign currency?

Unlike several other Canadian banks, CIBC does not publicly post their exchange rates online, making it difficult to compare their rates to those of other banks and money transfer services. It provides foreign currency rates and exchange services in person if you visit a CIBC banking center.

What is a good CAD to euro rate?

Canadian Dollar to Euro Exchange Rate Today, Live 1 CAD to EUR = 0.6682 (Convert Canadian Dollars to Euros)

How do I avoid CIBC monthly fee?

CIBC Smart™ Account

  1. A great account when you need unlimited transactions for a low monthly fee.
  2. Pay no monthly account fee by maintaining a minimum daily closing balance each day of $4,000 for the entire month.

Can I order foreign currency from my bank?

If you like to plan ahead and want to exchange currency in the U.S., your bank or credit union will be your best bet. Most big banks sell foreign currency to customers in person at a local branch. You can also order the currency online or over the phone to have it shipped to your home.

Where is the best place to exchange US dollars in Toronto?

Best USD Exchange Rates in Toronto

Bank Exchange Fee Source
Knightsbridge FX 0.1%-0.7% Knightsbridge FX
Royal Bank of Canada (RBC) 2.6% RBC Exchange Rates
TD Bank 2.6% TD Exchange Rates
Scotia Bank 2.8% Scotia Bank Exchange Rates