Citibank Money Transfer & Exchange Rates

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Citibank

Citibank’s international money transfer services allow you to move money around from a multitude of countries. With an established global banking network and over 40,000 branches, you can be assured that if you need to transfer money overseas, wherever you are, Citibank have you covered. With your Australian Citibank account, you have the ability to transfer currency to over 42 countries.


Global

Should your chosen recipient also use Citibank in another country, you will be able to transfer money instantly to them.

Online

It takes up to 3-5 business days to transfer funds from your Australian Citibank account to an overseas account.

KEY INFORMATION

Transfer Limits

There is no minimum transfer amount. For information on maximum daily amounts, you will need to speak with a Citibank representative for more information.

Transfer Time

From 3-5 business days, dependent on the recipient’s local interbank rate and where they are located. For example, if the recipient is based in the U.S, the time taken will normally be shorter.

Transfer Fees

Money transfers from your Australian Citibank account to an overseas bank cost $25. Global account holders sending money to other global account holders do not pay any fees. Free transfers are available within the following countries: UK, Spain, Germany, the U.S, China, Indonesia and the UAE.  Any trace requests to the bank will cost.

MORE INFORMATION ABOUT Citibank

How a transfer can be made:





 

If you want to use Citibank’s foreign currency exchange platform, you will need to register for online banking via their website. Note that you will need to be an existing Citibank customer with an active bank account and a credit or debit card.  Once you have successfully registered, in addition to forex services, as a Citibank customer you can utliise and explore additional products and services online from your desktop or mobile device.

 

 

PROS

  • Instant transfers
  • Extensive global reach
  • Security

CONS

  • Lengthy processing

ABOUT THE COMPANY

Citbank is the consumer division of Citigroup, the world’s largest bank. It was founded as the City Bank of New York over 200 years old in 1812. The U.S is the largest market boasting 51% of the banks total revenue however given their colossal global footprint they are present in over 40 countries with an estimated customer base of over 15 million online customers. In addition to traditional banking practices, Citibank also cover insurance, credit cards and investment products

What are you waiting for?

If you need to make an internation payment, look no further. Join the 111,000+ clients around the world who are benefitting from our services.