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Citibank wire transfers review
Send money to almost any bank worldwide with convenient money transfer options.
Citibank account holders can transfer money to another Citibank account in more than 20 countries for free. They can also send an international wire transfer to another bank account just about anywhere in the world for a fee.
How much do Citibank transfers cost?
The cost you’ll pay for making a transfer with Citibank depends on the type of account you have with Citibank. Here is a breakdown of the costs:
- From your Citibank account to any Citibank account in the US or selected other countries: free.
- From your Citibank account to any account abroad:
|Citi Private bank||Waived||Waived||Waived|
|Cit International Personal||$18.75||$30||Waived|
|Citigold Private Client||Waived||Waived||Waived|
|Citi Global Executive||$18.75||$30||Waived|
|Citi Global Executive Preferred||Waived||Waived||Waived|
|All other accounts||$25||$35||$15|
How are Citibank’s exchange rates?
Citibank’s exchange rates are regularly updated to keep pace with market fluctuations, so it’s important that you check the rates that apply to your transaction before you send any money.
Because it’s a global bank, Citibank can typically offer more competitive exchange rates than banks with a presence in the US only.
Available currencies and countries
For Citibank Global Transfers, you can transfer funds to the following countries. (More countries are available for Citibank’s Wire Transfer service.)
- Hong Kong
- Japan SMBC Trust Bank Ltd
- United Arab Emirates
- United Kingdom
How does Citibank compare to independent money transfer specialists?
Use our comparison calculator to assess transfer fees, exchange rates and other details for sending funds overseas with our money transfer partners.
What types of transfers can I make with Citibank?
- One-off transfers. Send a one-time transfer from your Citibank account.
- Recurring transfers. This option is only available for Citibank-to-Citibank transfers.
- Bank-to-bank transfers. Citibank only gives you the option to transfer money to a bank account. Your recipient cannot pick up cash.
As with the fees, the transfer limits also vary depending on the type of Citibank account you have.
Citibank Global Transfers
|Online daily limit||Online daily limit and|
transfers after 60 days
|Citibank branch or|
ATM daily limit
Online Wire Transfers
|Citi Private Bank||$50,000 per transfer or day|
|Citi International Personal||$250,000|
|Citigold Private Client||None|
|Citi Global Executive||$250,000|
|Citi Global Executive Preferred||None|
|All other accounts||$50,000 per transfer or day|
Pros and cons of using Citibank
- Fee-free transfers. With Citibank Global Transfers, you can send money to other Citibank account holders in more than 20 countries without incurring any fees.
- Simple process. Quickly and easily send a money transfer from your online account.
- Fast transfer speeds. International money transfers are sent the same business day if received before 5:15 p.m. ET.
- Transfer options. Transfers can be sent online, from ATMs or by visiting your nearest branch, and they can be funded from a checking, savings or money market account.
- Worldwide access. Citibank makes it possible to send money to just about anywhere in the world.
- High wire transfer fees. Prepare to pay a fee when you send money by wire transfer to a non-Citibank account.
- Transfer limits. Depending on your account type, how much you can transfer at one time is typically limited to $50,000 a day.
How do I use Citibank for money transfers?
Citibank offers two options for you to send money: Citibank Global Transfers and international wire transfers.
Citibank Global Transfers
Citibank Global Transfers can be sent to any Citibank account in more than 20 countries around the world at no charge. First, you’ll need to have an account with Citibank. You can initiate a transfer online, at a branch or through an ATM with only your recipient’s name and Citibank account number. After you confirm the details of your transaction, the money is debited from your account and sent to your recipient’s account.
International wire transfers through Citibank
With a wire transfer, you can send your money to more than 7,000 banks worldwide.
For international wire transfers, you’ll need to provide:
- Your recipient’s full name.
- Your recipient’s bank name, address, and SWIFT code.
- Your recipient’s bank routing and account numbers.
Whichever transfer option you choose, you’ll need a Citibank checking, savings or money market account. International money transfers are sent the same business day if received before 5:15 p.m. ET.
Does Zelle work with Citibank?
Yes. Zelle, a peer-to-peer payment service, is available through the mobile apps Citi Mobile and Citibank Online. To send money to other Zelle accounts you need to:
- Log in and select Send money with Zelle.
- Follow the onscreen instructions to choose who you want to send it to and how much.
Citibank SWIFT/BIC information
|Bank name||SWIFT/BIC||Bank address||Recipient’s name||Recipient’s account number|
|Citigroup||CITIUS33||111 Wall Street New York, NY 10033||Beneficiary’s name as it appears on the bank statement||Complete bank account number|
What is Citibank?
Founded in 1812 in New York City, Citibank has grown to become a leading global financial institution with more than 200 million customer accounts in 160 countries around the world.
A large global bank, Citibank offers a diverse range of products to its customers that include corporate and investment banking solutions, wealth management and securities brokerage. Its suite of personal banking solutions includes credit cards, mortgages and savings, checking and investment accounts.
What other products does Citibank offer?
- Credit cards. Citibank offers an extensive range of business, student, travel, rewards and no annual fee credit cards.
- Mortgages. Citibank provides home loan products for homebuyers, investors and those looking to refinance an existing mortgage.
- Home equity lending. Take advantage of your home’s equity with a loan from Citibank.
- Personal loans. Borrow funds and enjoy competitive rates and flexible features.
- Investing. Invest in a wide range of financial instruments on your own or with the help of a Citibank adviser.
- Transaction account. Citizens of Australia can take advantage of Citibank’s Plus Everyday account to get free wine at specific restaurants, access to a large fee-free ATM network and free international money transfers.
What do customers say about Citibank?
Online reviews for Citibank are poor. ConsumerAffairs gives Citi one star for overall customer satisfaction based on 123 ratings submitted in the last year. And the financial institution gets an F from the Better Business Bureau. Consumer ratings and reviews can give valuable insight into what it’s like to deal with a company as a customer, but they rarely tell the whole story. Remember that customers don’t typically rate a product or service unless they want to rant and rave, so take these aggregated scores with a grain of salt.
When you need to send money overseas, Citibank’s two international money transfer options are a quick, easy solution.
However, before you commit to any international transaction, compare your available options to make sure you get the best value for your money.
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