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 type | Purpose | How long? |
---|---|---|
Global | Sends funds instantly between Citibank accounts in certain countries. | Instant. |
Online | Send 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
You may also be interested in

Investing in Bitcoin: ETFs or buying outright?
SPONSORED: Bitcoin has been around for over a decade – does it really need an ETF?
Read more…
Bitcoin vs Gold 2021: Which should you invest in?
SPONSORED: J.P. Morgan suspects Bitcoin is on its way to becoming the new gold – but should you invest?
Read more…
6 tips for Canadian import/export businesses
SPONSORED: How to take your business global (and save a whole lot of money along the way).
Read more…More guides on Finder
-
Investing in cruise ship stocks
Cruise ship stocks are sailing through murky waters, but can they rise?
-
Easy Financial Secured Loan review
If you’re willing to use your home as collateral, Easy Financial provides secured loans of up to $45,000.
-
How to buy Deliveroo (ROO.L) stock in Canada
Canadian investors will need an international stock trading account to invest in this popular British delivery service.
-
6 tips for Canadian import/export businesses
SPONSORED: How to take your business global (and save a whole lot of money along the way).
-
International money transfer services
Beat the banks, find the best exchange rates and avoid fees when you send money abroad from Australia.
-
5 big reasons you might need a digital bank for money transfers
Find out how digital banks compare with dedicated money transfer services when sending money overseas.
-
How to buy Payoneer stock in Canada when it goes public
Here’s everything we know so far about the Payoneer IPO.
-
How to buy Instacart stock in Canada when it goes public
Here’s everything we know so far about the Instacart IPO.
-
How to buy Oatly stock in Canada when it goes public
Here’s everything we know so far about the Oatly IPO.
-
Simplii Financial wire transfer review
Pay zero fees for safe and secure money transfers to over 120 countries.