Citibank N.a. SWIFT/BIC code

CITIBDDX – the SWIFT/BIC code of Citibank N.a.

CITIBDDX and CITIBDDXXXX are two ways of writing the same SWIFT/BIC code, and both point to Citibank N.a. in Dhaka. Every bank on the SWIFT network uses BIC codes to route international transfers to the correct institution. In practice you mostly see the code on invoices from abroad, in payment forms and in the bank details of Citibank N.a. customers.

This page is meant to help people who receives money at an account at Citibank N.a.. The SWIFT code alone cannot identify an individual account holder; that is what the account number or IBAN is for.

Why Citibank N.a. has an 8- and an 11-character code

Each SWIFT/BIC code starts with the same eight core characters: a four-letter bank code, two letters for the country and a two-character location code. Together, those parts make up CITIBDDX, the code most people search for.

Most banks and apps work with both lengths. If yours asks for eleven characters, use CITIBDDXXXX; if it wants eight, use CITIBDDX.

Type the code as one block, in capitals and without spaces. Copying the code is safer than typing it by hand, because one wrong letter changes the bank.

When will the money arrive at Citibank N.a.?

How fast a payment arrives at Citibank N.a. is determined by several factors: the currency, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Bank holidays in either country add extra days, since banks do not process on those days. Occasionally a bank wants to know about the purpose of a payment, which can hold things up.

A growing number of banks are connected to SWIFT gpi for faster and traceable payments. Every payment carries a unique reference, the UETR that banks can use to trace it. Keep your transfer receipt until the recipient confirms; it contains the details a bank needs to start a trace.

The bank that sent the money can start an official trace; the receiving side usually has nothing to trace yet. Request from the sender the payment receipt; that often settles the question quickly.

Getting paid from abroad into a Citibank N.a. account

To receive a transfer from abroad at Citibank N.a., the person paying you has to have more than the BIC. Give them your name as the bank knows it, the IBAN or account number, the BIC CITIBDDXXXX and your address, which some banks require.

Some sending banks want the name and address of Citibank N.a. in Dhaka; it does no harm to include it. Double-check each detail before you send them – a sender rarely spots a mistake in someone else’s details.

An incoming payment will not always arrive for the full amount. Intermediary banks may deduct a fee and your own bank may charge for processing, and if the money is converted, an exchange rate margin applies. Agree with the sender who covers the fees before the money is sent.

Choosing between the 3 SWIFT codes of Citibank N.a.

With 3 codes in 2 cities, Citibank N.a. is one of the banks that register separate codes for parts of the organisation and departments. The main code remains CITIBDDXXXX.

For the vast majority of incoming transfers, the head office code CITIBDDXXXX works fine. If you have been given a branch code, use it as it is instead of swapping it for the head office code.

When in doubt, check with the recipient for the exact BIC in their bank details. Codes can change when banks reorganise.

International transfers from Citibank N.a.: the real cost

An international bank payment can cost rather more than the listed fee. You pay the fee for the transfer itself, sometimes charges from correspondent banks along the way and, most importantly, the margin on the exchange rate when the money is converted.

Banks rarely show their exchange rate markup as a cost – you only notice it if you compare. Check their rate against the mid-market rate, the midpoint between buy and sell rates you see on financial sites. The difference is your real conversion cost.

For a lot of currency pairs, a specialist provider turns out to be less expensive than a bank, mainly because of the exchange rate. Next time you send money, take a minute to compare the total cost on GoldexPay. Using a transfer service does not mean closing your account at Citibank N.a.: you simply pay the service from your account.

Changed bank details? Be careful

Stay wary if a contact suddenly asks you to pay into another account abroad. The fact that CITIBDDX exists does not mean that the account is legitimate – fraudsters use real bank codes as well.

Never trust a phone number from the same email that contains the change. Urgency and requests to keep it quiet tend to be warning signs – a real supplier can wait a day. When a payment has already gone to a fraudster, contact your bank immediately – speed improves the chance of getting it back.

Scams also work the other way: someone claims to have sent too much and asks you to return the extra to a new account. Do not act before the money is actually in your account and check with Citibank N.a. if anything seems off.

A note on our data

The codes here are taken from publicly available data. It is possible that information on this page is no longer current after a merger or reorganisation. The figures we show reflect what is in our directory, not official figures from Citibank N.a..

See the information here as a handy check. GoldexPay is independent of Citibank N.a.. Should you notice something that is out of date, we appreciate a short note via the contact page.

Before you send: check the Citibank N.a. code

Ask the recipient to send you the bank details straight from their banking app. Check it against CITIBDDX on this page and ask if anything does not match.

Mistakes in the SWIFT code are costly more than disastrous – usually the money comes back, minus fees and time lost. Do not forget the account number: an error there can be harder to correct than a wrong BIC.

Many banking apps validate the structure of IBANs and some suggest the matching BIC. Where available, a payee name check on the recipient adds extra certainty. Sending a small amount first is a sensible step for large sums despite the extra fee.