Transfer FeesĬitiGroup’s wire transfer fees vary quite widely depending on what type of account you have. CitiGroup states that “the exchange rate includes a commission for the currency conversion” and will show you the rate you are being given before you lock in a global transfer. Like most banks, CitiGroup adds a margin onto the mid-market exchange rate to transfer your money internationally. Both can significantly affect how much money actually goes to your recipient at the other end of the transaction, so it’s important to make yourself aware of the fees you are likely to be charged before locking in a transfer. The two charges most commonly associated with international transfers are transfer fees and the margin added onto the exchange rate. As well as standard consumer banking, CitiGroup also manages private banking, trade solutions, securities services, and more. The bank has operations in over 160 countries, and has over 200 million customer accounts worldwide.ĬitiGroup has 204,000 employees, and more than 4,600 branches worldwide. About CitiGroup BankĬitiGroup is the third largest bank in the United States, and is one of the ‘Big Four’ banking institutions of the country. In this guide, we’ll take a look at everything you might need to know about sending money abroad with CitiGroup, as well as more basic information on opening an account and transaction limits that you may want to be aware of. As one of the largest banking institutions in the US and with a large global presence worldwide, CitiGroup is a popular option for sending international transfers reliably and safely.
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