If you use Citbank’s Global Transfer service, funds can arrive much faster, usually on the same day. If you need more details, contact Citibank before initiating a transfer. This can typically take 1 - 5 business days, and it depends on the recipient’s country and currency. Citibank uses the SWIFT network for international money transfers outside of Citibank's network of international banks. However, it may take longer for the money to reach your recipient abroad. International wire transfers can be sent the same day with Citibank, so long as they’re processed before 6 p.m.
How long does a Citibank international money transfer take? You might even be able to send money instantly depending on your form of payment and where you’re sending money to. They also provide an estimate as to how long your transfer will take on their website. This is the rate you can find for yourself on Google or XE.com. For example, Wise offers transparent pricing and is the only service from the table to use the mid-market exchange. If you need to send to a non-Citibank account, then a specialist provider for international wire transfers may prove to be a better option. But the zero fees and same day transfers come with a caveat: this service is only for sending money to other Citibank customers in select countries. Often you won’t know what that is until you’re just about ready to send your transfer, but it’s not uncommon for banks to tack on an additional percentage to the mid-market rate.Ĭitibank does offer a competitive option with its Global Transfer service. While fees range from zero to $25, they don’t reflect the true total costs of an international wire transfer. See section below titled Transfer limits and available countries.Īt first glance, it may seem easy to compare costs. *Citibank Global Transfer only works for transfers to other Citibank customers in select countries. $25 + foreign currency transfer fee + exchange rate markupįoreign currency transfer fee + exchange rate markup Best bank to transfer money internationallyĬitibank wire transfer (Citigold customer other account types may incur different fees).Best foreign currency accounts in the USA.Complete international wire transfer guide.
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