Citibank International Money Transfers

Information verified correct on December 8th, 2016

Learn more about Citibank’s international money transfer service and how it makes international funds transfers cheaper and easier.

Citibank international money transfer services enable you to move funds from one country to another in a fast and convenient way. The bank has a global network and online resources that allow you to access and send money from almost anywhere in the globe with ease and flexibility.

Rates last updated December 8th, 2016
Description Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
Citibank Plus Everyday Account
Citibank Plus Everyday Account
A transaction account with free transfers to any country and no foreign transaction or international ATM withdrawal fees. AUD 0 Same day Online, Phone, Agent, Bank Account to Bank Account More

Citibank international money transfers

If you wish to transfer money abroad, you can send money from your Australian Citibank account 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 Australia’s SWIFT code is CITIAU2X.

Transfer typePurposeHow long?
GlobalSends funds instantly between Citibank accounts in certain countriesInstant
OnlineSend funds domestically or internationally to any other bank account3-5 business days processed from your Australian account

Citibank foreign exchange rates

With Citibank, you get access to a wide range of foreign currencies at competitive rates and a host of other products suited to your needs. If you conduct business overseas, invest in foreign currencies or are in constant need of foreign currencies in your travels, Citibank can offer you a foreign exchange contract with no minimum investment that enables you to exchange one currency for another at prevailing exchange rates.

How much does it cost to transfer money?

Citibank makes it possible to transfer money globally in a cost-effective manner, mainly due to its global strength and online resources. Funds transfers from your domestic Citibank account to overseas banks attract a fee of $25. Global transfers to your Australian Citibank account are free, while trace requests to Citibank cost $20.

Minimum transfer amount and available countries

If you are looking for a flexible and easy way to transfer money and make payments internationally, you can rely on the Citibank online banking service. This service enables you to access your account online to manage your funds, download and monitor account activity, make multiple payments and get alerts once transfer requests have been processed. Free Citibank transfers are available in countries such as the UK, Spain, Germany, the United States, China, Indonesia and the United Arab Emirates.

The registration and transfer process

In order to enjoy seamless banking on the go with Citibank, register for Citibank online banking, a service that allows you to make transfer requests, manage your account details and have a global view of all your accounts from a mobile device or computer at any time and from any location. Here is what you need to successfully register for this service and start making international or domestic money transfers and payments:

  • An active Citibank account.
  • Your 16-digit credit card, Visa debit card or Internet Access Number.
  • Your account number.

Why choose Citibank international money transfers?

  • A global network. Citibank has more than 40,000 branches in over 42 countries, ensuring that you will find a branch or ATM near you around the globe.
  • Online banking. This service enables Australian customers to open and manage an Australian Citibank account from wherever they are in the world.
  • Multi-currency accounts. Citibank customers can take advantage of dual-currency and multi-currency accounts to hold a wide range of currencies. This can come in handy for frequent travellers or for people working or living abroad.

What other products and services does Citibank offer?

  • Credit cards. Citibank offers a wide range of credit cards to suit different spending needs and preferences. Customers can choose from Citibank signature, platinum, classic and clear platinum credit cards that come with reward programs and low rates.
  • Banking. With Citibank, you can choose from a wide category of personal and business bank accounts, including savings, term deposit and foreign exchange accounts that provide savvy banking solutions suited to different customer needs.
  • Home loans. Citibank has a variety of home loan products that can help you reach your financial goals. You can get the right home loan to for home renovations or the purchase of a new home.

What are the pros and cons of using Citibank?

Pros

  • Instant global transfers. You can wire money to virtually any location in the world instantly between Citibank accounts.
  • Security. Citibank ensures that all 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 all around the world.

Cons

  • Processing delays. International money transfers from Australian Citibank accounts can take up to five days to be processed, which can cause inconvenience in urgent situations.

Past questions from real users

How long do funds transfers take?

Transfers between Citibank accounts are instant, while transfers to other bank accounts from Australian Citibank accounts take three to five days.

What currencies can I hold in my multi-currency account?

You can hold most major currencies in the world for either personal or investment purposes.

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No transfer fee via online, branch or phone when transferring more than £10,000 or equivalent.

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35 Responses to Citibank International Money Transfers

  1. Default Gravatar
    Gary | November 25, 2016

    Can I transfer money from my Russian citibank account to my Australian citibank account directly?

    • Staff
      Clarizza | November 25, 2016

      Hi Gary,

      Thanks for your question.

      Yes, you can. However please be aware there may be currency conversion and transfer fees.

      Regards,
      Clarizza

  2. Default Gravatar
    Cayona | June 3, 2016

    hello maam why does from sending me money but they sending back. what should i do to get the whole information. thank you

    • Staff
      Shirley | June 6, 2016

      Hi Cayona,

      Thanks for your question.

      It’s likely that there’s an error with the recipient details that you’ve entered and Citibank has sent you back the money.

      Please confirm the details with SWIFT / IBAN number of your recipient. If this problem still persists, please get in touch with Citibank directly.

  3. Default Gravatar
    Jenna | February 27, 2016

    Hi
    I need to transfer 7000€ to an account of a friend in Europa (Germany) . What fees do i have to pay? Wil he have to pay for this money transfer (he hasn’t got a citibank account)? If there are fees: do i have the option of sharing the fee?
    Can I choose the currency in which i do the bank transfer?

    Thanks

    • Staff
      Shirley | February 29, 2016

      Hi Jenna,

      Thanks for your question.

      If you’re using the Citibank Plus account to transfer money overseas, you don’t need to pay fees – only exchange rates. Your recipient will need to check with his or her bank as to whether fees apply. Unfortunately you don’t have the option of sharing the fee, however, you can transfer him extra funds to make up for the fee.

      Yes you can choose the currency in which you do the transfer, please note that funds automatically convert to the currency of your recipient’s bank account.

      Hope this helps.

  4. Default Gravatar
    Andre | February 14, 2016

    Hi, I need to transfer USD $8000 from citiplus account overseas which I can do online. With the exchange rate that will make it more then AUD$10,000. Will I still be allowed to do it on line or will I need to call Citibank?

    • Staff
      Shirley | February 15, 2016

      Hi Andre,

      Thanks for your question.

      You will need to contact Citibank at any time to speak with a specialist with access to your details to confirm there is no transfer limits on $10,000 AUD.

      Hope this helps.

  5. Default Gravatar
    Alex | February 9, 2016

    Hi! I’m wondering, if I want to make money transfer to Citibank account, opened in Russia, will I still pay transfer fee or it is for free? I didn’t find Russia in Global transfers list, but I still not sure.

    • Staff
      Shirley | February 10, 2016

      Hi Alex,

      Thanks for your question.

      If you’re transferring the money to Russia from your Citibank Australia Transaction Plus account, then Citibank Australia doesn’t charge any fees for this. However, recipient fees may apply.

      Hope this helps.

  6. Default Gravatar
    Koo | February 7, 2016

    I want to transfer 5.7 million US$ which is deposited by Dr Andrew John. How can i transfer it

    • Staff
      Shirley | February 8, 2016

      Hi Koo,

      Thanks for your question.

      The maximum amount you can transfer per day is $10,000. You may want to speak to Citibank directly to see if they can organise a one-off transfer of $5.7 mil.

      If you have an existing account with Citibank, you can transfer the funds in the ‘online transfers’ section.

      Hope this helps.

  7. Default Gravatar
    Matt | December 2, 2015

    Citibank is very very very slow to process inbound funds from overseas as well. I have banked with a big 4 bank, a smaller regional bank and now Citibank in the last 4 years and Citibank has the worst processing time by far. My biz partner would normally transfer funds to me from Singapore on a Monday morning and by Tuesday afternoon or evening, those funds would have hit my Commbank account. Citibank? Same transfer on Monday morning and it’s now Wednesday and nothing yet. And they call themselves a international bank.

  8. Default Gravatar
    | August 16, 2015

    Great site.
    Does Citibank require Australian citizenship to open an Australian account? I would like to open one from overseas before arriving. I submitted the question to Citibank website but haven’t heard back.

    Also, when transferring currency, one needs to consider the fees – an exchange fee (which Citibank doesn’t charge), and the actual rate. I have read different opinions as to what is the best deal when factoring these 2 things. What is your opinion – is there an easy way/link to calculate the best deal, considering all the options like bank to bank, third party, or credit cards?

  9. Default Gravatar
    asif | July 2, 2015

    Hi,
    I have to send money to Pakistan,so what will be the charges per $1000. What rate you will offer for exchange. Thanks

    Regards

    • Staff
      Jodie | July 3, 2015

      Hi Asif,

      Thank you for your comment.

      You have come through to finder.com.au, a financial comparison website, please use the “Go to Site” button above to go to the Citibank website where you will be able to see the exchange rate and fees they will charge for your transfer to Pakistan.

      Regards
      Jodie

  10. Default Gravatar
    Ronny | June 15, 2015

    Hi there,

    I’m currently working in Japan and my boss needs my Australian Citibank bank details se he can transfer the funds. What details does he need from me? Can he send it in Yen? And how much would the fees be?

    Many thanks!

    • Staff
      Belinda | June 16, 2015

      Hi Ronny,

      Thanks for your enquiry.

      You’ll need to find out whether your boss is transferring from another Citibank account or from a non-Citibank account. If it’s a non-Citibank account, he will need to confirm which details his lender requires before he can conduct a funds transfer.

      In general, you will need to provide your account number, account name, name of bank and the Citibank swift code, which is CITIAU2X.

      However, it would be best that you confirm with your boss what his bank requires for a funds transfer.

      Thanks,
      Belinda

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