Understanding Citi Global Transfer Fees: What You Need to Know

When it comes to making international transactions, it's essential to understand the fees associated with such transfers. In this article, we'll delve into the world of Citibank's global transfer fees and provide you with a comprehensive guide on what you need to know.

Incoming Fund Limitations

Some countries may impose an incoming fund limit, which is important to be aware of when making international transactions. For instance, in Hong Kong, the maximum outward remittance limit per transaction via Citibank Online and Mobile is USD 99,999 (approximately HKD 780,000). If you need to transfer a larger amount, you can visit one of our branches for assistance.

Daily Transfer Limit

Another important aspect to consider is the daily transfer limit. In Hong Kong, this limit is set at HKD 1 million and is subject to your available account balance. It's essential to ensure that you have sufficient funds in your account before initiating a transfer.

Transfer Limits and Fees

In addition to the daily transfer limit, there are also specific limits and fees associated with certain types of transfers. For example, CGT transfers and client third-party fund transfers to other overseas bank accounts via Citibank Online and Mobile will share the same daily transfer limit.

Applicable Accounts

When it comes to outward remittance, you can use Savings, Checking, and Currency Manager Accounts for all currencies except RMB. Inward remittance is applicable through Savings and Checking Accounts for currencies including HKD and USD.

Foreign Exchange Rate

It's essential to understand that the reference exchange rate may vary depending on the currency being transferred. If you need more information on the foreign exchange rate, you can call CitiPhone Banking at 2860 0333.

Transaction Screening

In some cases, transaction screening may apply, which could lead to delays in processing your transfer.

Eligibility

This service is only applicable to clients of Citibank (Hong Kong) Limited. For incoming fund transfers from overseas Citibank branches, please refer to each originating country's fees and charges.

By understanding these key aspects of Citi global transfer fees, you can ensure a smooth and hassle-free international transaction experience.