Compare Citibank currency transfer options to/from the United States. You can beat Citibank exchange rates when making an international money transfer or overseas payment, save time, money and get the best deal.
International currency transfers to or from your Citibank account in US 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.
Citibank international currency transfer rates are much higher than most money transfer providers (money transfer providers rates range between 0.45 to 1.0%).
Sending foreign currency to or from your Citibank account in the USA 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 US dollars (USD) using Citibank services would have a transaction exchange rate margin of around 2.9% – or $2,900 USD. Using a specialist broker, in this example TorFX – the exchange rate margin would work out at 0.7% – or only $700 USD in total, which is a large saving over the bank service.
International money transfers from Citibank could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Citibank account holder to use their services. Citibank 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, Citibank’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.
Citibank is part of Citigroup which was created the USA in 1812. Citibank provides retail banking services through its US branch network of over 1000 banking branches, spread across 13 US states including cities such as New York, Chicago, Los Angeles, San Francisco, Boston, Washington D.C and Miami.
Find Citibank 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 Citibank branches in your search area results.
You can find answers to everyday banking questions at Citibank online. If you can’t find the answer you’re looking for, you can call them from outside the United States on +1 866-384-4299
Still have questions?
Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers
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