Moving Money
Money Transfers
There are various options available to you when you need to transfer money
within the UK and overseas.
Money transfer options at a glance (effective from 21st December 2011)
|
Clearance times |
Fees |
Destination |
Cut off times |
| Faster Payments (electronic transfer between UK accounts) |
Payments will be received by the beneficiary’s bank no later than the end of the next Banking Day following the Banking Day the instruction is received. |
No transaction fee. | Within the UK (£). | Any online instructions received by us after 3pm on a Banking Day will be treated as being received on the next Banking day for the purposes of calculating clearance times. |
| CHAPS* (same day electronic transfer between UK accounts – usually for large amounts) |
Clears on the same Banking Day |
Yes – please refer to our Rates and Charges information for details |
Within the UK (£) |
3pm on a Banking Day |
| Citibank Global Transfers (immediate online transfer between Citibank accounts in over 26 selected countries) |
Immediate |
No transaction charge. For cross currency transfers Citibank reference exchange rates will apply |
Countries listed on (various currencies) |
None. |
| SEPA (European telegraphic transfer) |
Up to the end of next Banking Day to clear from the Banking Day the instruction is processed. |
No transaction fee. |
Euros only within the Single European Payment Area. SEPA participating countries | 3pm on a Banking Day. |
| SWIFT*
(worldwide
telegraphic transfer) |
Takes between 1–5 days from the Banking Day the instruction is
processed. The clearance time will depend on the destination and currency of the transfer. |
Yes – please refer to our Rates and Charges information for details |
Anywhere
outside the EEA (any currency), or any transaction
within the EEA
in a currency
other than £ or Euros |
3pm on a Banking Day. |
* Citigold current account customers can make up to eight SWIFT or CHAPS payments in total every calendar month to non Citibank accounts without incurring a fee. A fee of up to £25 per transaction applies to any additional transfer.