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%).
Currency Country Guides
United Kingdom (GBP) | Canada (CAD) | Guernsey (GBP) |
Isle of Man (GBP) | Jersey (GBP) | South Georgia and South Sandwich Islands (GBP) |
How is the expat life in the UK?
Expat life in the UK can be a positive experience, as the country is known for its rich history, culture, and diverse society. It also offers a high standard of living and a strong economy. However, as with any move to a new country, there can be challenges to overcome.
One of the biggest challenges for expats in the UK is the weather, as it can be unpredictable and quite damp, especially in the winter. Additionally, the cost of living in the UK, particularly in the larger cities such as London, can be high.
Read more at our United Kingdom (GBP) country guide
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