How Much Does CIBC Really Charge You for Foreign Exchange?
CIBC has the highest FX markup among the Big Five at ~2.7%. On $10,000 USD, that's $270 in hidden fees — more than any competitor.
~2.7%
Average FX markup by Canadian Imperial Bank of Commerce
On $1,000 USD
$27 hidden
On $10,000 USD
$270 hidden
On $100,000 USD
$2700 hidden
Calculate Your Hidden CIBC FX Fees
$USD/month
Yearly cost at CIBC
$3,240/yr
2.7% markup × $10,000 × 12 months
Loop Basic
$600/yr
0.5% FX, no plan fee
Save $2,640/yr
Loop Plus
$1,248/yr
0.25% FX + $79/mo plan
Save $1,992/yr
Loop Power
$3,708/yr
0.1% FX + $299/mo plan
Plus: domestic and international payments are free on all Loop plans — no wire fees, ever.
See Your Real CIBC FX Costs
Upload your CIBC bank statement and our free audit tool will show you exactly how much you're losing to hidden FX markups.
Audit My CIBC Statement →