ONLINE PAYMENTS AND TRANSFERS

A smarter way to bank.

A smarter way to bank.

It is fast, easy and convenient to transfer money or pay your bills via Citibank Online. Simply let us know who you are paying, the payment amount and when the payment has to be effected.

To help combat money laundering and terrorist financing, the revised MAS Notice 626 has also come into effect. For more information on MAS Notice 626, click here.

Type of Transfers

Citibank Online offers different types of funds transfers to cater to your needs.

Before you begin to transfer funds to a beneficiary for the first time, you will need to add the beneficiary as a Payee. Subsequent transfers to this beneficiary will then be an easy 3 step process. See the section on online guides on how to add payee.

Funds Transfers Within Singapore

  • FAST (Fast And Secure Transfers) is a mode of domestic funds transfer service that allows customers to pay anyone in Singapore, almost instantly.
  • You may also consider transferring your funds using GIRO which will take about 2 to 3 working days to be effected with no charges involved.
  • Paying bills can be hassle-free. With over 120 billing organizations available, you can now pay your utilities bills, telecommunication bills, taxes and memberships fees easily via Citibank Online. That's not all, you can also use your Citibank Credit Card to pay over 100 selected billing organizations.

Funds Transfers Outside of Singapore

  • Inward Remittance
    • For inward remittance, please refer to the Inward Remittance Instructions Factsheet.
    • For inward remittance, to ensure that the amount received at Citibank is your intended amount, please inform remitting bank to "Pay the Beneficiary in full"
  • Outward Remittance
    • Transfer your funds to Banks overseas at a low cost flat fee and no commissions, exclusively on Citibank Online & Citi Mobile. What's more, you will be able to view competitive foreign exchange rates online before confirming a transaction.
  • Citibank Global Transfers is an online funds transfer service that allows you to transfer funds from your Citibank Checking, Savings or Ready Credit account to another Citibank account abroad instantly via Citibank Online.
FAST Transfer

INTRODUCING FAST

FAST (Fast And Secure Transfers) is a new mode of electronic funds transfer that allows you to transfer funds to instantly between banking accounts in Singapore of participating banks. The FAST transfer option is available both on Citibank Online and Citi Mobile.

The 14 participating banks in FAST are as follows:

  1. ANZ Bank
  2. CIMB Bank
  3. Citibank
  4. DBS Bank
  5. Deutsche Bank
  1. Far Eastern Bank
  2. HSBC
  3. Maybank
  4. OCBC Bank
  5. RHB Bank
  1. Standard Chartered Bank
  2. Sumitomo Mitsui Banking Corporation
  3. United Overseas Bank

FAST Fees and Limits

Description Fees Limits Speed of Transfer
FAST Transfer Free S$50,000 / transaction with a daily limit of S$100,000. Instant*

* Please be informed that FAST transfers executed after 11pm on a business day will be effective on the next business day.

OTHER FAQ

  1. What is FAST?

    FAST (Fast And Secure Transfers) is a new electronic funds transfer service that allows customers to transfer funds to another participating bank in a matter of minutes.

  2. What are the advantages of FAST?

    FAST allows you to transfer funds almost instantaneously among participating banks in Singapore. You can know within minutes whether the transfer was successful.

  3. Can I use FAST to transfer funds to a bank account overseas?

    No, FAST can only be used for SGD fund transfers between bank accounts of participating banks in Singapore.

  4. Which are the 13 participating banks?

    • ANZ Bank
    • CIMB Bank
    • Citibank
    • DBS Bank
    • Deutsche Bank
    • Far Eastern Bank
    • HSBC
    • Maybank
    • OCBC Bank
    • RHB Bank
    • Standard Chartered Bank
    • Sumitomo Mitsui Banking Corporation
    • United Overseas Bank
  5. Will I be able to transfer/receive funds to/from a non-participating bank?

    You can still continue to transfer/receive funds to/from non-participating banks via GIRO or MEPs.

  6. How can I do an instant transfer to a non-participating bank then?

    MEPS allows you to transfer funds from your Citibank account to another bank's account within Singapore on the same day, simply at a nominal charge of S$5 via Citibank Online.

  7. Is FAST available 24/7?

    Yes, FAST is available 24/7. In some cases, our officers may contact you to request for more information as part of our security reviews.

  1. What are the details needed to perform a FAST transfer?

    Login to Citibank Online and add a payee under the "Electronic Transfers (GIRO/FAST)". Enter the relevant payee details such as the bank code, branch code, and the account number. Please note that you will need an Online Security Device in order to add a payee.

  2. Do I have to add another payee specifically for FAST transfers? I have already added this payee for GIRO/MEPS transfers.

    If you have previously added a payee for GIRO transfers, you do not need to add a payee again.

  3. How do I perform a transfer?

    1. Add a payee under the GIRO /FAST option. You will need the relevant payee details such as

      • Bank code
      • Branch code
      • Account number
    2. Activate the payee using your Online Security Device
    3. Select the "Transfer via FAST" option when making a Payment/Transfer.
  4. Do I have to sign up for Citibank Online?

    Yes, you will have to register for a Single User ID and Password via Citibank Online or Citi Mobile before being able to perform FAST transfers. You will also need an Online Security Device to add a FAST payee.

  5. Are there limits to the amount I can transfer?

    The minimum transaction limit is S$1.

    There is a transaction limit of S$10,000. Please note that a daily accumulated limit of S$100,000 applies.

  6. Will I get a notification when I perform a FAST transfer?

    Yes, you will receive a Citi Alert via email or SMS depending on your Citi Alert subscription settings.

  7. Will I get a notification when I receive funds via FAST?

    You will have to enroll for the "Account Credit via Giro/Interbank Transfer" Citi Alert to receive notifications.

  8. Is transaction signing required for FAST transfers?

    Transaction signing is required when adding a payee on Citibank Online. Subsequent FAST transfers will not require transaction signing.

  9. Can I schedule a regular FAST transfer to be performed?

    Future-dated and recurring FAST transfers are not supported.

  10. Why do I need to pay for FAST when I can perform transfers for free via GIRO?

    FAST is an effective solution for customers who are looking to transfer funds quickly. You can still continue to use GIRO transfers for non-urgent funds transfers.

  1. How do I add payee using Citi Mobile?

    Citi Mobile does not support this feature. Please login to Citibank Online using a desktop computer for adding of payees.

  2. Is FAST available for Inbound Funds Transfers?

    This feature is currently not supported.

  3. Is FAST available for overseas fund transfers?

    No, FAST can only be used for SGD fund transfers between bank accounts of participating banks in Singapore.

  4. I understand that other banks don't require their customers to add payees for transactions lower than S$100. Does Citibank offer this feature?

    Citibank does not offer this feature.

  5. Can I use FAST to pay my bills?

    Citibank does not have this feature at this point in time. You can still continue to pay your bills using the "Pay billing organisations" service on Citibank Online and Citi Mobile.

CGT

Citibank Global Transfer (CGT) is an online service that allows you to transfer funds between your Citibank accounts globally.

CGT Limits and Fees

Description Fees Limits Speed of Transfer
Citibank Global Transfer (CGT) Free S$100,000/ day+ Instant

+ The limit of the transfer amount is subject to the Rules and Regulations of the country of the payee account. Click here for country specific CGT limits.

Getting Started

Participating Citibank Branches

Fees and Limits

Please see the charges and transfer limits for the various types of fund transfers below. Transfers within Singapore

Description Fees Limits Citigold & Citigold Private Client Limits Speed of Transfer
Payment by Cheque / Bill Payment Free S$100,000/ day S$100,000/ day As some payments are sent via cheque, payments will take effect within 5-7 working days.

Transfer between My Citibank Accounts

Free

Without FX - No limit

With FX - Maximum of S$500,000/ day

Without FX - No limit

With FX - Maximum of S$500,000/ day

Instant

Transfer to Another Citibank Account (3rd Party)

Free S$100,000/ day S$100,000/ day Instant

Transfer to another Bank in Singapore via GIRO

Free S$100,000/ day S$100,000/ day 2 to 3 business days

Transfer to another Bank in Singapore via FAST*

Free S$50,000/ transaction, daily limit applies S$100,000/day S$50,000/ transaction, daily limit applies S$100,000/day Almost instantly, within minutes

* Please be informed that FAST transfers executed after 11pm on a business day will be effective on the next business day.

Transfers outside of Singapore

Description Fees Limits Citigold & Citigold Private Client Limits Speed of Transfer
Citibank Global Transfer (CGT) Free S$100,000/ day S$100,000/ day^ Instant
Online Telegraphic Transfers (TT) Free S$250,000/ day S$250,000/ day 3 to 5 working days

^ Depending on the rules and regulations of the country where the account is located, a lower limit may apply.

Guides

Click here to view a step-by-step guide to doing online payments and transfers.

FAQ

Sign on to Citibank Online with your Citibank ATM card number, ATM PIN and Online Security Device (OSD) to access Payments & Transfers.

Have a question on how to transfer funds?

CGT

You can transfer your money easily and cost effectively via CGT service. For more information on this service and the transfer limit, please visit the CGT page.

Telegraphic Transfer (Inward)

Handling fee:
For account holders Citibank Singapore does not levy a handling fee for inward remittance. However your inward remittance could be subject to correspondent bank charges.

Please provide your remitter or remitting bank the information stated in the Inward Remittance Instructions Factsheet.

Note: To ensure that the inward remittance amount received at Citibank is your intended deposit amount, please inform your remitting bank to "Pay the Beneficiary in full".

Common Charges

Commission charge for outward remittance:

  1. (A) Withdrawal from Time Deposit and Time Deposit to same party

    Please click here

  2. (B) Withdrawal from Transaction Account and Time Deposit to third party (Click here)

Disclaimers

Except for funds/ electronic transfer to another Citibank account, it will take up to 3 business days to be completed.

For CGT, payee from the selected participating branches will need to be added and activated in your payee list before you can transfer funds to the payee.

* This service is supported by selected Participating Citibank Branches.