Citibank Money Transfers | Review & Analysis | Finder Canada

Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

Citibank international money transfers – Review & Analysis

Learn more about the services offered by Citibank in Canada.

This product is not currently available via Finder. Visit the provider's website directly, or compare other options.

Citibank has a global network and online resources that allow you to access and send money from almost anywhere in the world with ease and flexibility. However, Citibank services in Canada are very limited. Read on to find out more about the services offered across Canada.

Citibank services in Canada

Citibank offers a few services in Canada including:

  • Citi Corporate and Investment Banking. Citibank offers investment and corporate banking services to a variety of customers in various sectors and industries, including metals and mining, energy, manufacturing and telecommunications. Citi’s Corporate and Investment Banking has offices in Toronto, Calgary and Montreal.
  • Markets and Securities Services. Citibank offers financing solutions for corporations, governments and institutional and retail investors through a variety of services, including underwriting, sales, trading and distribution capabilities.
  • Citi Private Bank. Through Citi Private Bank, it’s possible to bank internationally. Described as a service for “wealthy and worldly” individuals or families, this service allows customers to customize their banking preferences. Services include risk management, investment advice, portfolio management, business financing and trust and estate services.
  • Citi Treasury and Trade Solutions. Citibank offers integrated cash management and trade finance services to corporations, financial institutions and public sector organizations around the world.

You should keep in mind that although Citibank offers the above services in Canada, there are no Citibank ATMs in this country.

What other products and services does Citibank offers in Canada?

  • Credit cards. Citibank offers a few different commercial and consumer credit cards to suit different spending needs and preferences. Customers can choose from the Home Depot Consumer Credit Card, the Home Depot Commercial Revolving Card and the Home Depot Commercial Account credit cards, each of which offers different reward programs and low rates.

Citibank international money transfers

If you wish to transfer money overseas and have a Citibank Private Bank account, you can send money to over 42 countries worldwide. Citibank online transfers enable you to transfer funds domestically or internationally to other bank accounts or to Citibank accounts.

Citibank Canada’s SWIFT code/ BIC is CITICATTBCH.

Transfer typePurposeHow long?
GlobalSends funds instantly between Citibank accounts in certain countries.Instant.
OnlineSend funds domestically or internationally to any other bank account.3-5 business days.

Citibank foreign exchange rates

As a Citibank customer, you get access to a wide range of foreign currencies at competitive rates as well as a host of other useful products. If you conduct business overseas, travel a lot or invest in foreign currencies, Citibank may provide useful services for you. With their services and accounts, you may be able to exchange one currency for another at prevailing exchange rates.

Why choose Citibank?

  • A global network. Citibank has more than 40,000 branches in over 42 countries, ensuring that you will find a branch or ATM around the globe, outside Canada.
  • Business solutions. Citibank offers a variety of different solutions for businesses, governments and multinational corporations.
  • Wealth management solutions. Citibank offers private banking services to wealthy individuals and families.

What are the pros and cons of using Citibank?

Pros

  • Security. Citibank ensures that all of your online money transfers are secure. It uses the latest encryption technology to protect your information online.
  • Global banking. Citibank has an extensive network and global support to provide you with banking solutions around the world.

Cons

  • Processing delays. International money transfers from Citibank accounts to other financial institutions around the world can take up to five days to be processed, which can cause inconvenience in urgent situations.
  • Limited options. The banking options offered by Citibank in Canada are very limited.

Compare Citibank to other money transfer services

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
CAD 1 Same day CAD 0.00 0.794 USD
3,971
XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
USD 150 1 day CAD 15.00 0.79 USD
3,939
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Go to site Show details
CAD 0 Within an hour CAD 3.99 0.795 USD
3,971
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
Go to site Show details
CAD 1 1 - 2 days CAD 45.00 0.798 USD
3,955
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

You may also be interested in

More guides on Finder

Ask an Expert

You must be logged in to post a comment.

Go to site