CITI CANADA UK POUND & EURO to CAD EXCHANGE RATES
| CITI CANADA | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATES | MORE DETAILS |
|---|---|---|---|---|---|
| GBP £ - to CAD | NO MINIMUM | 5/7 DAYS | 2.9% | $1.642 |  |
| EUR € - to CAD | NO MINIMUM | 5/7 DAYS | 2.9% | $1.415 | |
| CURRENCIES DIRECT | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATES | MORE DETAILS |
| GBP £ - to CAD | FROM £100 | FROM 1 DAY | 0.7 to 1.0% | $1.674 to $1.681 |  |
| EUR € - to CAD | FROM €100 | FROM 1 DAY | 0.7 to 1.0% | $1.443 to $1.449 | |
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
Citi Canada International Money Transfers
Save on exchange rate conversions when sending money abroad from your Citi Canada bank account in Canadian dollars, UK pounds & euro currencies. Citi Canada international money transfers to or from Canada have higher transaction charges, due to a less competitive exchange rate offered by Citi Canada. Skip to: Canada Money Transfer Specialists
Typically, sending funds to or from your Citi Canada bank account in Canadian dollars (CAD) or UK pounds will involve a margin rate of 2.9% – much higher than most currency broker rates (typically 0.7 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 – Head Office Address
Citi Canada – 123 Front St W, Toronto, ON M5J 2M3, Canada
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