This type of transaction usually involves the payment of a fee by the sender. In this case, an immediate transfer might be used, in which the execution time for the bank transfer is considerably reduced. Sometimes the recipient may need to receive the money urgently. Citibank does accept new instructions for a scheduled or recurring future-dated international wire transfer from a business account. On the other hand, if the transaction is made after that time, the transfer would be processed on the next working day. Please note that Citibank does not accept new instructions for the execution of a scheduled or recurring future-dated international wire transfer or Citibank Global Transfer from a consumer account. So, for example, if a bank has a "cut-off time" of 14:00 and the transfer is made before that time, the destination account could receive the money that same afternoon. If the transfer is made before that time, the recipient may receive the amount in his or her account in less than one working day. However, the time at which the transfer order is made may determine this period. These are the most common and are carried out in the routine way, so that the amount transferred is available in the destination account in one working day. Please note: To view the SWIFT Funds Transfer fees please refer to our Fee Schedule on the fees and important documents page.įind out about making SEPA payments with our international banking services. Some foreign currency transfers need an additional transfer bank account, which is Citibank UK's clearing, or correspondent bank for that currency.įor more information on how to make a SWIFT Funds Transfer, refer to the transferring funds information for London and Jersey, on the fees and important documents page. Correspondent bank details for payments in currencies different to that of the receiving country e.g.Enter the bank details and destination country for the person receiving your SEPA transfer, along with their name, IBAN and any reference or special instruction. Full name and address of the beneficiary bank. On the new page, enter the amount you wish to transfer and select which of your accounts the money will be taken from.You will need to ask the payee for this information. The BIC (Bank Identifier Code)/SWIFT Number (Code) and IBAN (International Bank Account Number, in a European country) of the account you are transferring funds to.The amount and currency you wish to transfer.The Citi International Personal Bank account number you wish to transfer funds from.SWIFT Transfer and SWIFT Number Making a SWIFT Funds TransferĮnsure you have the following information to hand before requesting a SWIFT Funds Transfer through your Relationship Manager:
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