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
