“If the transfer is made in foreign currency, the exchange rate includes a fee for the currency conversion.” Here’s what Citibank says in their transfer terms and conditions: If you need to send money through Citibank to an account held in a different currency, you’ll pay an additional fee as part of the exchange rate offered. Other account types have fees which range from USD10 - USD35 per transfer. As with local transfers, accounts offered under the Citigold Private brand, Citi Private Bank accounts and Citi Global Executive accounts don’t charge upfront fees for international transfers. If you’re sending a wire to someone without a Citibank account you may need to pay a fee, and may also have costs added to the exchange rate offered if you’re converting currency as part of the payment. However, there is a charge wrapped up in the exchange rate used, which can push up costs. Citibank international wire transfer feeĬitibank clients can send money to other Citibank accounts around the world for no upfront fee. Other account types will pay a fee, which ranges from USD10 - USD25. Generally, accounts offered under the Citigold Private brand, Citi Private Bank accounts and Citi Global Executive accounts have fee waivers for local transfers. This may mean you pay a fee, depending on the account type you hold.
However, if you’re sending money to someone else in the US, and they don’t have a Citibank account, you’ll need to use the wire transfer service. If you’re sending money to someone else who also has a US based Citibank account, you can choose the Citibank Global Transfer option, which is also fee free. If you’re sending money to a US based account in your own name, even with a different bank, you should be able to use the Citibank Inter-institution Transfer service for free. You’ll have different options - and different fees - depending on the specific transfer you need to make. Get the mid-market rate Citibank local transfer fee
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