CITI CANADA CAD vs GBP/EUR EXCHANGE RATES
Compare Citi Canada CAD currency transfer options. You can beat Citi Canada bank exchange rates when making a Canadian dollar money transfer or overseas payment, save time, money and get the best deal.
| Citi Canada | GBP to CAD | EUR to CAD | Minimum Transfer + Fee | TrustScore (Trustpilot) | More Details |
|---|---|---|---|---|---|
| Currencies Direct | $1.69 to $1.696 | $1.45 to $1.455 |  |  | |
| TorFX | $1.695 | $1.454 |  | | |
| Wise | $1.697 | $1.456 |  | | |
| Citi Canada | $1.657 | $1.422 | |  |  |
About TrustScores: A TrustScore is calculated on a scale from 1 to 5 and is the overall measurement of reviewer satisfaction, based on all reviews the business receives via Trustpilot’s website.
About transaction fees: The transaction (or service) fee that banks and providers charge is made up of a fixed fee which varies, depending on where you are sending the money and which currencies apply to the transaction.
About money transfer providers: Unlike banks, money transfer companies offer the very best exchange rates and by keeping their margin rates low, they beat the banks by several percentage points.
About exchange rates: Money transfer exchange rates are calculated and updated weekdays, hourly 08:00 – 16:00. The exchange rates provided are indicative only and several factors may contribute to the final rate, including market conditions, transfer amount and the mode of transfer (online or via phone/email).
Citi Canada International Money Transfers
International currency transfers to or from your Citi Canada account in Canadian dollars, UK pounds, the euro and many other popular currencies will involve a margin or exchange rate of around 2.9% and additional bank transaction or commission fees may apply.
Citi Canada international currency transfer rates are much higher than most money transfer providers (money transfer providers rates range between 0.45 to 1.0%).
Currency Transfer Alternatives – Citi Canada
Sending foreign currency to or from your Citi Canada bank account in Canada needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead.
Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.
Example: A typical overseas currency transfer of $100,000 Canadian dollars (CAD) using Citi Canada bank services would have a transaction exchange rate margin of around 2.9% – or $2,900 CAD. Using a specialist broker, in this example TorFX – the exchange rate margin would work out at 0.7% – or only S700 CAD in total, which is a large saving over the bank service.
Citi Canada – Other Useful Information
International money transfers from Citi Canada could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Citi Canada bank account holder to use their services. Citi Canada may additionally charge a flat rate commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer. Private brokers offer commission free currency transfers, typically over a value of $5000.
Unless you pay a premium, Citi Canada’s service will take from 5 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction either same day, or next day.
Citi Canada – About
Citi Canada was created in 1919 and is the Canadian subsidiary of Citigroup of the United States. Citi Canada’s head office is in Toronto and the bank has offices in Calgary, London (Ontario), Montreal, Mississauga, Vancouver and has over 200 local banking branches in Canada.
Citi Canada Bank branch finder
Find Citi Canada bank branch addresses near you with our geolocation map search. Simply enter the bank name (and optionally a city or country) and the map will display the closest Citi Canada branches in your search area results.
Contact Citi Canada from abroad
You can find answers to everyday banking questions at Citi online. If you can’t find the answer you’re looking for, you can call them from outside Canada on +1 416-369-6399
Citi Canada – Head office address
Citi Canada – 123 Front St W, Toronto, ON M5J 2M3, Canada
Still have questions?
Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers
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