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Transferring Money

Get organised before you leave
Using its strength as a global bank Citibank makes international banking simple and convenient with fee free international funds transfers from Australia, free international ATM withdrawals4 and global view of accounts giving you a single view of your accounts in other countries1.
Citibank offers the following services for fund transfers:
Funds transfer comparisonCitibank Global TransferHow do I use CGT?Other International TransferSWIFT
Compare Citibank Fund Transfer options.
Service   Ideal for Available destinations Fees, charges and timing
Citibank Global Transfers Sending funds instantly between Citibank accounts in participating countries.
  • Free from Australia (other Citibank's may charge to send to Australia).
  • Instant2.
Transfer Money Abroad

* This service is fee free for Citibank Plus customers.
Sending funds of up to $100,000 to any non-Citibank account worldwide.
  • Any Citibank or non-Citibank account.
  • $25 per outward transfer from your Citibank Australia account.
  • $10 per incoming transfer to your Citibank Australia account.
  • 3-5 business days to be processed from your Australian bank account.
 
Manually Initiated Funds Transfer (MIFT)

* This service is fee free for Citibank Plus customers.
Sending funds over your daily limit, domestically or internationally to any other bank account. Available through your Relationship Manager or Citiphone on13 24 84.
  • Any Citibank or non-Citibank account.
  • $25 per outward transfer from your Citibank Australia account.
  • $10 per incoming transfer to your Citibank Australia account.
  • 3-5 business days to be processed from your Australian bank account.
Manually Initiated Funds Transfers (MIFT)
If you are looking to transfer an amount of money outside of your normal bank account limit you are able to set up a manually initiated funds transfer. If you regularly transfer to the same account you are able to complete a MIFT authority form which will tell us how to accept transfer instructions from you.
To complete a MIFT Authority form please call Citiphone on 13 24 84, or visit your nearest branch.
Terms and conditions apply and are available on request.

1. Applies to Citibank accounts with online access only. Global view of accounts is a service offered to Citibank customers via Citibank Online. Through global view of accounts, a Citibank customer's internet banking home page will provide a summarised view of all Citibank accounts in each participating country. To perform further transactions, click on the link of the bank account you wish to transact on, and sign in using your log in details for that country.

2. Subject to local regulations, transfers will normally reach the destination account almost immediately after being effected, but in some cases (depending on the availability of processing facilities at the destination) may take a maximum of 24 hours.

3. If your account has a limited number of fee-free withdrawals, the standard $2 excess withdrawal fee will apply when you exceed your limit. There are unlimited fee free withdrawals from Citibank Plus accounts. Free international transfers available from Citibank Australia accounts to select Citibank accounts in over 25 countries worldwide using Citibank Global Transfers. Daily transfer limit applies. Funds are converted to the destination account currency at the exchange rate specified to you on Citibank Online before you confirm your transaction. This exchange rate includes a commission for the conversion service. When sending a Citibank Global Transfer to Australia, the overseas Citibank may charge a transfer fee. Please check with the local Citibank you are transferring from before sending. Citibank Global Transfers are available from all Australian Dollar accounts with access to Citibank Online, excluding Term Deposits and Citibank Online Saver. Global Transfers to Citibank Colombia are not instantaneous due to local regulations.

4. Non-Citibank and non-Partner* ATM owners may charge you a fee for use of their ATMs. *Partner ATMs include Westpac branded, St. George, Bank of Melbourne and Bank SA ATMs within Australia.

Details of fees, charges, dispute resolution and terms & conditions are available by calling 13 24 84 or at citibank.com.au. Any advice is general advice only. It was prepared without taking into account your objectives, financial situation or needs. Before acting on this advice you should consider if its appropriate for your particular circumstances.

Citigroup Pty Limited ABN 88 004 325 080 AFSL 238098 ("Citibank"). ©2012 Citigroup Pty Limited. Citibank®, Citi® and Arc Design® are service marks of Citigroup Inc.
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