Review: Citibank Global Transfer Hong Kong

Send funds free and instantly with Citibank Global Transfers

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Whether you’re looking to pay a bill overseas, transfers funds to family and friends, Citibank Global Transfer (CGT) allows for convenient and real-time fund transfer between your Citibank Hong Kong account and overseas Citibank accounts. These transfers are available to the Citibank selected list of countries, and all fees will be waived. For incoming fund transfers from overseas Citibank branches, you will need to refer to each of the originating country’s fees and charges.

2 days

Transfer Speed

$0

Min. Transfer Amount

No limit

Max. Transfer Amount

Details

Min. Transfer Amount$0
Max. Transfer AmountNo limit
Transfer MethodsOnline, Phone, Agent, Bank Account to Bank Account
Transfer Speed
Minimum transfer time
2 days
Available CurrenciesAED, AUD, BHD, CNY, COP, GBP, HKD, IDR, INR, KRW, MXN, MYR, PHP, PLN, SGD, THB, TWD, USD, VND

What is Citibank?

Citi is a global bank with branches throughout Asia, Australia, Europe and the US. Because of its global network of branches, Citi is known for being able to offer a wide range of services at competitive rates. Besides standard bank wire transfers, Citibank offers the Citibank Global Transfer — a service that allows you to transfer money from your Citibank account in Hong Kong to a Citibank account in other parts of the world.

What are the features of the Citibank Global Transfer?

  • Free instant global funds. Transfer money fee-free to 25 countries and regions
  • Multiple transfers channels. Users in Hong Kong may choose to use Citibank Online or the Citi Mobile App to conduct a transfer
  • High maximum transfer limit. For Citibank Global Transfers, the daily limit is set to HKD$400,000 — however, this may be adjusted up to HKD$1,000,000
  • Fee-free. Transfer funds instantly to other Citibank accounts in your or your designated third party’s name worldwide with the handling fees waived
  • Set up recurring payments to easily manage any regular payments or dated transfers

Citibank Global transfers are currently available to the countries listed below:

  • Australia
  • Bahrain
  • China ( Inbound only (only accept funds from other CGT originating countries and regions)
  • Columbia ( Inbound only (only accept funds from other CGT originating countries and regions)
  • Hong Kong
  • India ( Inbound only (only accept funds from other CGT originating countries and regions)
  • Indonesia
  • Korea
  • Malaysia
  • Mexico ( Inbound only (only accept funds from other CGT originating countries and regions)
  • Philippines
  • Poland
  • Singapore
  • Taiwan
  • Thailand
  • United Arab Emirates
  • United Kingdom
  • United States
  • Vietnam (Inbound only (only accept funds from other CGT originating countries and regions)

Citibank Global Transfer limits

These are the transfer limits that apply, depending on which Citibank account type you hold:


How do I set up a Citibank Global Transfer in Hong Kong?

To connect your current Citibank account with the Global Transfers service, you will need to:

  • Log into your Citibank online account
  • Add a local Citibank payee
  • Select a local Citibank account

You will be able to review your transfer details before sending them off.


Fees & charges for transfers out of Citibank Global Transfer

Other than the Citibank Global Transfer that allows for free transfers between global Citibank accounts, Citibank also provides normal transfer services to other banking accounts in Hong Kong out of Citibank. The fees will depend on the account you are using with Citibank and whether you choose to use an online service or set up a transfer at the local branch. Explore other apps with international money transfer services, alongside Citibank, to see which can offer you the most cost-effective transfer.

Telegraphic Transfers (HKD/ USD/ Foreign currency/ RMB):

  • Citibanking Account: HKD$200 for online and mobile banking, HKD$250 for branch transfer service
  • Citi Priority: HKD$0 for online and mobile banking, HKD$220 for branch transfer service
  • Citigold: HKD$0 for online and mobile banking, HKD$100 for branch transfer service
  • Citigold Private Client: HKD$0 for online and mobile banking, HKD$0 for branch transfer service

How does Citibank compare to other providers in Hong Kong?

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 10 Within an hour HKD 140.00 0.129 USD
1,267
以透明的匯率,低收費及低最低金額的網上服務作匯款。 Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
USD 10 1 - 2 days HKD 25.00 0.127 USD
1,269
新客戶可享有首三個月無限次免手續費匯款。New customers get 3 months of unlimited free transfers.
可用15+種貨幣匯款,享有超越銀行的匯率以及快速轉賬時間。 CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
SGD 1 1 day HKD 42.00 0.129 USD
1,280
你首兩次港幣$15,000或以下的匯款,手續費全免。Pay no fees on your first two transfers, up to HK$15,000.
象徵式收費以及中間價匯率,可匯款至高達30多個國家。 SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
Go to site Show details
USD 50 Within an hour HKD 35.00 0.129 USD
1,281
使用優惠碼FINDER去獲取HK$1,500折扣。Use code FINDER to access the HK$1,500 discount.
InstaReM 提供簡單的匯款服務,大部分的匯款劃一收取0.5%的手續費。InstaReM offers simple transfers with a flat 0.5% transfer fee for most transfers.
Go to site Show details
GBP 5,000 1 - 2 days HKD 0.00 0.127 USD
1,266
可匯款至20+個國家,無手續費。 CurrencyTransfer lets you shop around for the best exchange rate on its online marketplace. Go to site Show details
USD 2,000 1 day HKD 0.00 0.127 USD
1,266
TorFX保證提供最佳的匯率。需受條款約束。TorFX guarantees to match any competitor's exchange rate.
以30種貨幣匯款到全球。登記後,將會有一個客戶經理提供支持和引導。 TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
Go to site Show details

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

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