|
Clearance times |
Fees |
Destination |
Cut off times |
BACS
(electronic
transfer between
UK accounts)
|
Takes up to 3 Banking Days to clear from the Banking Day the instruction is
processed.
|
No transaction
fee
|
Within the UK (£)
|
Instructions before 5pm on a Banking Day will be processed on the same day. All other instructions will be processed on the following Banking Day.
|
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 (£)
|
2pm on a Banking Day
|
Citibank Global
Transfers
(immediate online
transfer between
Citibank accounts
in 20 selected
countries)
|
Immediate
|
No transaction charge. For cross currency
transfers
Citibank
reference
exchange rates will apply
|
Countries
listed
(various
currencies)
|
None
|
SEPA
(European
telegraphic transfer)
|
Up to 3 Banking Days to clear from the Banking Day the instruction is processed.
|
Yes – please
refer to our
Rates and
Charges
information for details
|
Within the EEA
(£ and Euro)
|
Instructions received before 2pm on a Banking Day will be processed on the same day. All other instructions will be processed on the following 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 |
Instructions received on a Banking Day will be processed the same day if they are received before:
£/Euro – 2pm
US Dollars – 3pm
All other currencies – 11am
All other instructions will be processed on the following Banking Day. |
