Citibank N.a. SWIFT/BIC code

SWIFT/BIC code of Citibank N.a.

If an invoice shows CITIBRSP or CITIBRSPXXX, you are looking at the same identifier for Citibank N.a. in Brazil. A SWIFT code shows the banks handling a payment which institution is meant to get the money. It comes up mostly for transfers between countries.

This page is meant to help anyone who receives money at an account at Citibank N.a. and wants to get the details right. Keep in mind that the BIC only identifies the bank, not the person: the account number or IBAN does that part.

Sending money abroad from Citibank N.a.

When you send money to another country through Citibank N.a., the fee you see is only part of what you pay. Besides the transfer fee, banks in between may take a cut, and if the money changes currency the bank often uses a rate below the actual market rate.

The real cost is often in the rate, not in the fee: many banks convert at a rate with a margin built in. Check their rate against the mid-market rate – the rate you find on financial news sites.

For many currency pairs, a transfer service turns out to be less expensive than a bank, mainly because of the exchange rate. GoldexPay compares these services side by side so you can see the amount the recipient gets before you commit. You can always keep your account at Citibank N.a..

8 or 11 characters: CITIBRSP versus CITIBRSPXXX

The layout of a BIC is always the same: four characters for the institution, two for the country and a two-character location code, plus an optional branch code. Combined, these eight characters make up CITIBRSP – the version you usually see online.

Many payment forms work with either length. If yours asks for eleven characters, enter CITIBRSPXXX.

As a rule the code is typed in capitals. A single letter may route a payment to a different institution.

Verifying the SWIFT code of Citibank N.a.

Have the recipient send you the bank details directly from their online banking. Check that code against CITIBRSP on this page.

A wrong SWIFT code may lead to delays, a payment being sent back or additional charges for investigation. Do not forget the account number: a mistake there is harder to correct than a wrong code.

A validity check in your banking app only tells you that the IBAN is valid, not that it is the right account. If your bank offers it, a name check before sending gives an extra layer of safety. Sending a small amount first can be worth it for large sums.

Sending BRL to Citibank N.a.

The currency in Brazil is the Brazilian Real (BRL). Money sent in a different currency is exchanged into BRL before it reaches the account – and the bank that does it picks the rate. Each conversion costs the amount, even when no fee is shown.

Who does the conversion has an effect on how much arrives, since every bank sets its own rate. Transferring the money already in BRL usually avoids a second conversion at the receiving end – as long as your own rate is good.

Exchange rates change all the time. For recurring payments, a slightly better rate make a real difference over a year.

Where our SWIFT data comes from

The details on this page are taken from public sources. Even so, banks merge or change codes, so information can be out of date. The figures we show are based on our own data and not on information from Citibank N.a. itself.

Treat this page as a reference, rather than as the final word: the recipient’s bank details come first. GoldexPay is a comparison service for money transfers and not part of Citibank N.a.. Should you notice a mistake, we appreciate a message.

Choosing between the 5 SWIFT codes of Citibank N.a.

Citibank N.a. uses 5 different SWIFT/BIC codes across 2 cities. One of them is the head office code, CITIBRSPXXX; the rest identify branches or departments, and sometimes specific services.

For the vast majority of incoming transfers, the head office code CITIBRSPXXX works fine. If you have been given a branch code, stick to it rather than swapping it for the head office code.

The best way is to take the code straight from the account holder’s invoice. Branch codes are sometimes changed or retired when banks reorganise.

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

If you are waiting for money from abroad, give the sender a complete set of details. Share the account holder’s name, your account number or IBAN, SWIFT code CITIBRSPXXX and your address, which some banks require.

It helps to add the bank name and Sao Paulo too, since some forms ask for it. A typo in the IBAN is more trouble than you might think; copy them from your banking app rather than typing.

Money from abroad will not always arrive for the full amount. Charges on incoming payments differ from bank to bank – the price list of Citibank N.a. tells you what applies. For business payments, it is common to state who bears the costs, so that nobody is left short.

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

How fast a payment arrives at Citibank N.a. depends on several factors: the currency, the number of banks in between, daily processing deadlines and time zones. Payments made late in the day or just before a weekend or public holiday often start the next business day. Extra checks by one of the banks may also add a delay.

If the money seems delayed, contact the sending bank about the tracking status. Save your transfer receipt; it contains the details a bank needs to start a trace.

If the money does not arrive within the expected time, the sender should start with their own bank, not the receiving bank. On the receiving end, you can check your account to see a partial amount because fees can reduce the amount.

Scams that use SWIFT codes

Scammers often send fake invoices with new bank details, sometimes in an email that looks completely genuine. A correct SWIFT code says nothing about whether the request is genuine.

Do not rely on contact details in the same message that contains the new account. Be suspicious of urgent requests, unusual wording or an email address that differs by one letter. When money was sent to the wrong account, call your bank right away: the sooner they act, the better the chance of a recall.

People receiving money are targeted too: one known trick is an overpayment and then sends a request to refund the difference. A payment confirmation from the sender proves nothing – check your own account.