Global Money Transfer and Payments

A smarter way to bank.

Online Money Transfer & Payments

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.

New BIC/Bank Code

Important Updates for Wire Transfers to Citibank India.


Please take note that there are changes to SWIFT code details for wire transfers to Account(s) with Citibank India. To ensure that your transactions go through smoothly, you are advised to use or update the below SWIFT codes for your remittances or wire transfers to accounts with Citibank India immediately.

BENEFICIARY BANK SWIFT CODE CITIINBXGCN CITIINBX
Currency United States Dollar Sterling Pound
Euro
Australian Dollar
Canadian Dollar
Japanese Yen
Singapore Dollar
UAE Dirham
New Zealand Dollar
Hong Kong Dollar
Swiss Franc
Swedish Krona

Important notes:

1. For any existing payee that is utilising another SWIFT code, you would have to delete the payee and add a new payee with the above mentioned SWIFT code for a successful transfer.

2. Correspondent bank charges may differ depending on the correspondent bank(s), transfer amount and transfer currency.


Citibank Singapore Limited Swift Code:

Please be advised that with effect from April 15 2019, Citibank Singapore Limited will operate under a new SWIFT Bank Identifier Code (“BIC”) and Bank Code.

You will need to select the relevant Citibank entity’s BIC when you initiate new fund transfer from your Citibank Singapore Limited accounts and/or inter-bank payment instructions to Citibank Singapore Limited accounts. The changes are relevant to transactions involving a transfer of funds to Global Consumer Banking, CitiBusiness or Citi International Personal Bank accounts, and is applicable to all Fast and Secure Transfer (FAST), inter-bank GIRO, MAS Electronic Payment System (MEPS) and Telegraphic Transfers.

Frequently Asked Questions:

1. Why is there a change in payment instructions to Citibank Singapore Limited?

Citi Singapore operates under two legal entities – Citibank N.A., Singapore Branch and Citibank Singapore Limited.

Citi Singapore has decided to maintain separate transaction settlement accounts for the two legal entities. As such, Citibank Singapore Limited will be issued a new SWIFT Bank Identifier Code (BIC) and a new Bank Code to be used for its SGD transactions. This means that you will need to use these new codes when you make any SGD transaction to / from your International Personal Bank account(s).

Kindly take note of the correct corresponding banking information, as listed in the following table:

Table 1:

Currency SGD Others
(No change. For reference only)
Before April 15 2019 (Old BIC) On and After April 15 2019 (New BIC)
SWIFT Bank Identifier Code (BIC) CITISGSGXXX CITISGSL CITISGSGGCB
Bank Code 7214 9201 -
FAST bank description CITIBANK, N.A. CITIBANK SINGAPORE LIMITED -

2. How does this affect me?

Any existing outgoing transfers from Citibank will not be affected by the change in BIC and Bank Code.

However, from April 15 2019 onwards, please select the correct BIC (refer to Table 1 above) when you initiate new SGD funds transfers from your Citibank Singapore Limited account to other Citibank Singapore Limited account or Citibank N.A., Singapore branch account. No action is required for your existing payment set up.

In the event that you experience difficulties in transferring funds to your Citibank Singapore Limited account, please delete your existing setup and re-establish a new transfer instruction.

3. How does this affect SGD incoming transfer(s) to my Citibank Singapore Limited account(s)?

With effect from April 15 2019, the SWIFT Bank Identifier Code (BIC) will be changed to CITISGSL. This is applicable for all new SGD fund transfers setup done via inter-bank payment platforms such as Fast and Secure Transfer (“FAST”), Inter-bank GIRO (“GIRO”), MAS Electronic Payment System (“MEPS”) and Telegraphic Transfers (“TT”) to Citibank Singapore Limited.

In order for incoming SGD funds/payments to your Citibank Singapore Limited account(s) to be successfully processed, please provide the SWIFT Bank Identifier Code (BIC) as CITISGSL to the relevant parties.

Payments made to an account(s) with incorrect BIC will not be processed and you may incur additional charges.

For incoming transfers in other currencies, there is no change in the BIC and Bank Code.

4. Is there any change to an existing ‘account payee’ of another Citibank Singapore Limited account in my account?

No, there is no change to your existing account payee set up.

5. What should I do if I want to add a new payee of another Citibank Singapore Limited account?

If you are adding a payee via Citibank Online or Citi Mobile® App, select Citibank Account (local) or ‘Electronic Transfer (GIRO/MEPS/FAST).

If you have selected to make a SGD payment via Electronic Transfer, please ensure you enter the correct SWIFT Bank Identifier Code (BIC) per stipulated in Table 1 as shown above.

6. What do I have to do to transfer funds to another party’s Citibank N.A., Singapore Branch account from April 15 2019 onwards?

There will be no change to the legal entity name and corresponding bank identifier codes for fund transfers to Citibank N.A., Singapore Branch accounts.

As such, you do not need to make any changes in any pre-established payees which you may have set up for regular funds transfers to Citibank N.A., Singapore Branch accounts.

However, please note that there will now be two bank names, Citibank NA Singapore and Citibank Singapore Limited, on the various inter-bank payment platforms (FAST, GIRO, MEPS, TT). To ensure that your transaction is processed successfully, please ensure that you select the correct Citi legal entity name and corresponding bank identifier codes when you initiate and/or receive payment instructions per stipulated in Table 1 as shown above.

Pay Now

Pay Now

What is PayNow?

Forget about bank account numbers! With PayNow, you can send and receive money almost instantly using the recipient's mobile number or NRIC/FIN.

To enjoy this convenience, link your mobile number or NRIC/FIN to your Citi account via Citibank Online or Citi Mobile® App now.

How to receive money via PayNow:

Click to get started with these simple steps.
  • Step 1
  • Step 2
  • Step 3
  • Step 4
  • STEP 1 Login, select 'PayNow' from the Menu and select 'Link to receive' to get started.
  • STEP 2 Choose either your mobile number or NRIC/FIN to be linked to your preferred Citi account.
  • STEP 3 Enter your account nickname, which will be displayed to sender, and confirm details.
  • STEP 4 Key in the SMS OTP and you are all set to receive funds via PayNow.
  • step 1 Login, access 'PayNow' from the 'Payments & Transfers' tab, and select
    'Link to receive'.
  • step 2 Choose either your mobile number or NRIC/FIN to be linked to your preferred Citi account.
  • step 3 Select your preferred account, enter your account nickname, which will be
    displayed to sender, and confirm details.
  • step 4 Key in the SMS OTP and you are all set to receive funds via PayNow.

How to send money via PayNow:

Click to get started with these simple steps.
  • Step 1
  • Step 2
  • Step 3
  • Step 4
  • STEP 1 Select ‘PayNow’ and login. Enter Name from your contact list, mobile number, NRIC/FIN, UEN (with suffix if any) or Virtual Payment Address (VPA) of the recipient.
  • STEP 2 Select the account to pay from and enter the transaction amount.
  • STEP 3 Verify and confirm the transaction details.
  • STEP 4 Your PayNow transaction is now completed.
  • step 1 Login, access 'PayNow' from the 'Payments & Transfers' tab, and select 'PayNow'.
  • step 2 Click on “Select One”. Select an option from the dropdown list.
    Enter details, mobile number, NRIC/FIN, UEN (with suffix if any) or VPA of the recipient. Select the account to pay from and enter transaction amount.
  • step 3 Verify and confirm the transaction details.
  • step 4 Your PayNow transaction is now completed.

For FAQs on PayNow, please click here.

For PayNow T&Cs, please 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 accounts in Singapore of participating banks/organizations. The FAST transfer option is available both on Citibank Online and Citi Mobile.

The participating banks/organizations are as follows:

  1. ANZ Bank
  2. Bank of China
  3. The Bank of Tokyo-Mitsubishi UFJ
  4. BNP Paribas
  5. CIMB Bank
  6. Citibank NA
  7. Citibank Singapore Limited
  8. DBS Bank/POSB
  9. Deutsche Bank
  10. HL Bank
  11. HSBC
  12. HSBC Bank (Singapore) Limited
  13. ICICI Bank Limited Singapore
  14. Industrial and Commercial Bank of China Limited
  1. Maybank Singapore Limited
  2. Malayan Banking Berhad
  3. Mizuho Bank
  4. OCBC Bank
  5. RHB Bank
  6. Standard Chartered Bank (Singapore) Limited
  7. Sing Investments & Finance Limited
  8. Sumitomo Mitsui Banking Corporation
  9. United Overseas Bank
  10. GPay Network (S) Pte Ltd
  11. Liquid Group Pte Ltd
  12. MatchMove Pay Pte Ltd
  13. Razer Merchant Services (Sg) Pte Ltd
  14. SingCash Pte Ltd
  15. TransferWise Singapore Pte Ltd

FAST Fees and Limits

Description Fees Limits Speed of Transfer
FAST Transfer Free S$200,000 / transaction with a daily limit of S$200,000. Instant*

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

Transfer limit to non-banking financial institutions ('NFI') accounts:

  • - Payments to and from NFIs are capped at 5,000 per transaction as NFIs have a maximum load capacity of 5k for their e-wallets (e-wallet limits are regulated by MAS).

  • - These load capacity controls are managed at NFIs end.

  • - Different NFIs have different e-wallet lmits & Citi has no control over theses limits.

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/organization in a matter of minutes.

  2. What are the advantages of FAST?

    FAST allows you to transfer funds almost instantaneously among participating banks/organizations in Singapore. You will know within minutes whether the transfer is successful.

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

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

  4. Which are the participating banks/organizations?

    • ANZ Bank
    • Bank of China
    • The Bank of Tokyo-Mitsubishi UFJ
    • BNP Paribas
    • CIMB Bank
    • Citibank NA
    • Citibank Singapore Limited
    • DBS Bank/POSB
    • Deutsche Bank
    • HL Bank
    • HSBC
    • HSBC Bank (Singapore) Limited
    • ICICI Bank Limited Singapore
    • Industrial and Commercial Bank of China Limited
    • Maybank Singapore Limited
    • Malayan Banking Berhad
    • Mizuho Bank
    • OCBC Bank
    • RHB Bank
    • Standard Chartered Bank (Singapore) Limited
    • Sing Investments & Finance Limited
    • Sumitomo Mitsui Banking Corporation
    • United Overseas Bank
    • GPay Network (S) Pte Ltd
    • Liquid Group Pte Ltd
    • MatchMove Pay Pte Ltd
    • Razer Merchant Services (Sg) Pte Ltd
    • SingCash Pte Ltd
    • TransferWise Singapore Pte Ltd
  5. Will I be able to transfer/receive funds to/from a non-participating bank/organization?

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

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

    MEPS allows you to transfer funds from your Citibank account to another bank’s/organization’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/organization 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/organization 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$200,000. Please note that a daily accumulated limit of S$200,000 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$250,000/ day+ Instant

+ The limits of transfer amounts are subject to the Rules and Regulations of the country of the payee/beneficiary account. Please contact your Relationship Manager or our 24-Hour CitiPhone Banking at +65 6224 5757 for more details.

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$200,000/ day S$200,000/ 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$200,000/ day S$200,000/ day Instant

Transfer to another Bank in Singapore via GIRO

Free S$200,000/ day S$200,000/ day 2 to 3 business days

Transfer to another Bank/Organization in Singapore via FAST*

Free S$200,000/ transaction, daily limit applies S$200,000/day S$200,000/ transaction, daily limit applies S$200,000/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$250,000/ day S$250,000/ 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?

Click on    to expand and on    to minimise the details.

PayNow FAQs

PayNow is a funds transfer service that allows customers of participating banks/organizations to send and receive Singapore Dollar funds almost instantly from one participating bank/organization to another using just their mobile number, NRIC/FIN, UEN or Virtual Payment Address.

Yes, PayNow is secure and adopts the same high security standards established by the banking industry in Singapore for other funds transfer services such as FAST and Interbank GIRO.

PayNow transaction limits to mobile number, NRIC/FIN & UEN are at a minimum of S$1 and a maximum of S$10,000 in a day

PayNow transaction limits to Virtual Payment Address are at a minimum of S$1 and a maximum of S$5,000 as Non-Bank Financial Institutions (‘NFI’) have a maximum load capacity of S$5,000. The load capacity controls are managed by NFIs.

Please see the tutorial guide linked here for a quick overview.

Please see the tutorial guide linked here for a quick overview.

No, you may transfer funds with PayNow only between participating banks/organizations. You may transfer funds between a participating and non-participating bank/organization through other channels such as FAST or Interbank GIRO.

No. PayNow can only be used for SGD fund transfers between accounts of participating bank/organization in Singapore. For foreign currency or overseas transfers, please choose Telegraphic Transfers or Citi Global Fund Transfers instead.

The status of your funds transfer will be reflected on your confirmation page and you may also check your transaction history on Citibank Online or Citi Mobile® App. You should also receive Citi Alerts for fund transfers (subject to the transaction value threshold that you have set) via email or SMS.

PayNow transfers are free. There are also no charges for linking your mobile number or NRIC/FIN to your Citi account.

Inform us immediately via Citibank Online so we can attempt to help you recover the funds to the best of our ability.

  • Click on 'Messages'
  • 'Compose mail' to send us details of your transaction and request to recover your funds

Note that funds transferred to an unintended recipient may or may not be recovered. The return of such funds is at the discretion of the recipient bank/organization and subject to the consent of the recipient. As such, please take utmost care in ensuring the accuracy of the mobile number, NRIC/FIN, UEN (with suffix if any) or Virtual Payment Address, and the account nickname of the recipient before you confirm to proceed with each transfer.

If you have updated your mobile number with the bank, you will need to link your preferred Citi account again. Your old mobile number that was previously linked to receive funds via PayNow will be automatically unlinked in 7 working days from the time of update. You should instruct each party from whom you are expecting to receive funds through PayNow to transfer funds to your updated mobile number once it has been linked to your Citi account.

Yes, PayNow transfers are available 24/7.

  • S$ Maxisave Account
  • S$ Savings Account
  • S$ Basic Banking Account
  • S$ Checking Account
  • S$ Savings Account
  • S$ Money Market Account
  • S$ Basic Banking Account
  • S$ Checking Account
  • S$ Citi MaxiGain Savings Account
  • S$ Maxisave Account
  • S$ Maxisave Sweep Account
  • S$ InterestPlus Savings Account
  • S$ Tap & Save Account
  • S$ Step-Up Interest Account
  • Citibank Ready Credit accounts
  • Citibank Credit Card accounts

Note: In rare cases, we may need to contact you if more information is required to process your transaction.

Only the primary mobile number that is maintained with the bank can be linked to receive funds via PayNow.

Yes, a foreign mobile number can be used to receive funds via PayNow if the foreign mobile number is maintained as your primary mobile number with the bank.

No, passport numbers cannot be used to receive funds via PayNow.

If you intend to only send funds via PayNow, you do not need to link your mobile number or NRIC/FIN. However, if you would like to also receive funds via PayNow using your mobile number or NRIC/FIN, you would need to link your mobile number or NRIC/FIN to your Citi account.

If you have received money and do not know where it came from, you should contact us immediately. You should not utilise the money.

If we have been informed that someone else is trying to link the same mobile number or NRIC/FIN to an account with another bank, we will attempt to contact you within 3 business days to verify your mobile number or NRIC/FIN. If we fail to reach you within this period, we may unlink your mobile number or NRIC/FIN from your Citi account. Please see the PayNow terms and conditions here for further information.

VPA is a new PayNow proxy that allow you to transfer to Non-Bank Financial Institution ('NFI'). The registration of the VPA proxy can be done with th respective NFI's.

PayNow is currently offered by 3 NFIs - GrabPay, Liquid Pay and Singtel Dash.

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.
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)

Citibank Japan Ltd. ("Citibank Japan") FAQs

Disclaimers

All payments and transfers are subject to the Citibank Online User Agreement. Some or all of the services (including payments and transfers) that may be accessed through Citi Mobile or Citibank Online may not be available during our scheduled maintenance times. In the event of such unavailability, you may call our 24-Hour CitiPhone Banking at +65 6224 5757 or visit a Citibank branch to conduct your banking transactions. Citibank exercises no control and assumes no responsibility for any delay, misconnection, variation in response times and connectivity of any Internet Service Provider (whether local or overseas) through which access to Citi Mobile and/or Citibank Online is effected. Citibank full disclaimers, terms and conditions apply to individual products and banking services.

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.