If you'd like to know more, check our guide on sending money to a foreign bank account. In this section we will run through Citibank exchange rates and transfer fees for international remittances and currency exchange services. Both can significantly affect how much money your payee actually receives, so understanding the fee structure and foreign exchange rate employed by your bank before locking in a transfer, is crucial. The most common charges associated with overseas bank transfers and foreign currency exchanges are foreign transaction fees and the margins added onto currency exchange rates, also known as mark-ups. Citibank has over 2,000 branches across the globe and enables an international customer base to send and receive money between 19 supported countries using foreign currencies. Meanwhile, Citigroup is better known for investment banking services, specialising in bigger business clients.ĬitiGroup has a large global presence, making Citibank a very popular option for customers looking to arrange secure international bank transfers between banks. As a subsidiary of this global conglomerate, Citibank encompasses Citi's global branch network, the 4th largest in the United States.Ĭitibank offers personal checking and savings accounts, small business and commercial banking, and wealth management among its services. South Georgia and the South Sandwich IslandsĬitibank was founded over 200 years ago in New York, as the consumer division of multinational bank Citigroup.
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