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How to Save on Citibank AUD to USD Money Transfers
In the above table we compare Citibank AUD to USD exchange rates to other well established, regulated FX providers and banks to help you save when sending money or making an international payment from Australia to United States.
The FX providers listed above can help you with the whole process, provide useful advice, online tools and most importantly bank-beating exchange rates & low or zero fees.
Citibank Money Transfer
Citibank's exchange rates for wire transfers are generally competitive and transparent, which makes it a good choice for customers who need to send or receive money internationally. However, it's always a good idea to compare rates and fees across different banks and financial institutions to ensure you're getting the best deal possible.
FX Order Watch: Citibank's FX Order Watch allows customers to set their own exchange rates and automatically execute foreign exchange transactions when the desired exchange rate is reached.
When you get a quote for your Citibank Wire Transfer from their website or in-app, you will see the Citibank exchange rate, but it can be difficult to then calculate how much mark-up you are being charged.
While all banks charge this mark-up, the extra amount being charged is much higher than it would be with a global money transfer specialist.
How do Citibank international wire exchange rates compare?
Sending or receiving international transfers to or from your Citibank bank account will include a margin rate of between 3.5% to 8% – this is much higher than most money transfer broker rates (which are normally 0.5 to 1.5%).