Navigating the Fees for Citi® Wire Transfers

Navigating the Fees for Citi® Wire Transfers

Citi® is a major player in the banking world, offering various ways for customers to send money globally. However, these services usually come with fees that differ based on the type of account you hold with Citi. Let’s break down the wire transfer options and costs by account type.

### Citi Wire Transfer Costs

The fees for Citi wire transfers depend on the type of transfer and your account type. Here’s a summary of the costs:

– **Citigold®**: No fees for domestic or international transfers, and no limit for transfers in U.S. dollars.
– **Citi Priority**: $17.50 for domestic, $25 for international transfers, with no limit for U.S. dollar transfers.
– **Citi Alliance**: No fees for domestic or international transfers, and no limit for U.S. dollar transfers.
– **Citi Private Bank Relationship Tier**: No fees for domestic or international transfers, with a $50,000 daily limit.
– **Citi International Personal Account**: $18.75 for domestic, $30 for international transfers, with a $250,000 daily limit.
– **Citigold® International Account**: No fees for domestic or international transfers, and no limit for U.S. dollar transfers.
– **Citi Private Bank — Citigold® Relationship Tier**: No fees for domestic or international transfers, with a $200,000 daily limit.
– **Citigold® Private Client**: No fees for domestic or international transfers, and no limit for U.S. dollar transfers.
– **Citigold® Private Client International Account**: No fees for domestic or international transfers, and no limit for U.S. dollar transfers.
– **Citi Global Executive Account**: $18.75 for domestic, $30 for international transfers, with a $250,000 daily limit.
– **Citi Global Executive Preferred Account**: No fees for domestic or international transfers, and no limit for U.S. dollar transfers.
– **All Other Accounts**: $25 for domestic, $35 for international transfers, with a $50,000 daily limit and a $15 incoming fee.

### Comparing Citi with Other Money Transfer Services

Citi offers robust transfer capabilities, allowing you to send money domestically or internationally, often within a day. For top-tier account holders, fees are significantly reduced or waived entirely. However, standard account holders may face higher fees, such as $25 for a domestic wire transfer.

### Citi’s Exchange Rates

Exchange rates fluctuate like stock prices. To get the current rate for your transfer, you need to contact Citi directly. They have a 24-hour currency hotline at 800-756-7050, option No. 1, for the latest rates.

### Available Currencies and Countries

Citi’s World Wallet service allows you to order over 50 foreign currencies. Some of the available currencies include:

– **Australia**: Australian dollar
– **Austria**: Euro
– **Belgium**: Euro
– **Canada**: Canadian dollar
– **Cyprus**: Euro
– **Denmark**: Danish kroner
– **England**: Sterling pound
– **Finland**: Euro
– **France**: Euro
– **Germany**: Euro
– **Greece**: Euro
– **Hong Kong**: Hong Kong dollar
– **Ireland**: Euro
– **Israel**: New sheqel (contact for availability)
– **Italy**: Euro
– **Japan**: Japanese yen
– **Luxembourg**: Euro
– **Malta**: Euro
– **Mexico**: Mexican peso
– **Netherlands**: Euro
– **New Zealand**: New Zealand dollar
– **Northern Ireland**: North Ireland pound (contact for availability)
– **Norway**: Norwegian kroner
– **Portugal**: Euro
– **Scotland**: Scotland pound (contact for availability)
– **Singapore**: Singapore dollar
– **Slovenia**: Euro
– **Spain**: Euro
– **Sweden**: Swedish kroner
– **Switzerland**: Swiss franc

### Types of Transfers at Citi

Citi offers three main types of money transfers:

1. **Inter-institution transfers (ACH transfers)**: These are between your Citi accounts and accounts at other U.S. banks, credit unions, and brokerages. Next-day and same-day services are available.
2. **Global transfers**: These allow you to send money to other Citi accounts in the U.S. and certain foreign countries. Incoming transfers are free, as are domestic and outgoing transfers.
3. **Wire transfers**: These can be sent to non-Citi accounts worldwide, typically on the same day if requested before the cutoff times (6:00 p.m. EST for international and 6:45 p.m. EST for domestic transfers).

### Citi Wire Transfer Limits

Transfer limits vary by account type. Here are the daily and weekly limits, including online and mobile transfer limits:

– **Citi Relationship Tier for Private Bank Clients**: $50,000 per day, $50,000 online daily, $50,000 weekly, $50,000 per day mobile.
– **Citi Global Executive Account**: $75,000 per day, $75,000 online daily, $100,000 weekly, $75,000 per day mobile.
– **Citigold®**: $100,000 per day, $100,000 online daily, $150,000 weekly, $100,000 per day mobile.
– **Citi Priority**: $75,000 per day, $75,000 online daily, $100,000 weekly, $75,000 per day mobile.
– **Citigold® Private Client and Citigold® Relationship Tier for Private Bank Clients**: $100,000 per day, $100,000 online daily, $500,000 weekly, $100,000 per day mobile.
– **Citigold® International Account and Citi Global Executive Preferred Account**: $100,000 per day, $100,000 online daily, $150,000 weekly, $100,000 per day mobile.

Note that lower limits may apply for certain destination countries, and there may be restrictions on the amount and number of global transfers a beneficiary can receive.