Citibank Europe PLC Netherlands Branch SWIFT/BIC code

SWIFT/BIC code of Citibank Europe PLC Netherlands Branch

Whether you are given CITINL2X or CITINL2XXXX, it is the identical address for Citibank Europe PLC Netherlands Branch in Netherlands. A BIC has a single purpose: it makes sure that a cross-border transfer reaches the right bank. You will need it mainly when dealing with payments that cross a border and payments in foreign currencies.

We wrote this page to help people who pays into an account at Citibank Europe PLC Netherlands Branch. The BIC names a bank or branch, never a single account; the IBAN or account number does that.

Protect yourself against fake payment requests

Be wary when someone unexpectedly asks you to send money to a different account. That CITINL2X is a real code does not mean that the account is legitimate – fraudsters use real bank codes as well.

Do not rely on a phone number in the same message that contains the change. Pressure and requests to keep it quiet are red flags; a genuine business can wait for you to check. Acted too fast? Contact the bank you paid from straight away and have them try to recall the payment and report the fraud.

People receiving money are targeted too: a classic trick is a buyer who pays too much and then sends a request to send back the difference. A screenshot of a transfer proves nothing; only your own account shows what has arrived.

Is CITINL2X still correct? How to check

The most reliable place for the correct BIC remains paperwork issued by the bank like a bank statement or the account page in online banking. When the code you were given differs from CITINL2X or CITINL2XXXX, do not guess – contact the recipient or Citibank Europe PLC Netherlands Branch.

Errors in the BIC tend to be annoying more than fatal. Do not forget the account number: an error there is more difficult to undo than a wrong code.

An automatic check by your bank merely tells you that the IBAN exists, not that it is the right account. More and more banks check the payee name with the account – do not ignore a mismatch warning. A small test payment can be worth it for a large first payment.

What a transfer from Citibank Europe PLC Netherlands Branch abroad really costs

When you send money abroad through Citibank Europe PLC Netherlands Branch, the fee you see is only part of what you pay. There is the fee for the transfer itself, possibly charges from correspondent banks in between and, most importantly, the margin on the exchange rate.

The markup on the rate is often the largest cost because it is hidden in the rate. A simple test: put the rate you get against the mid-market rate for the same moment and work out the difference on your amount.

Money transfer services frequently use rates closer to the mid-market rate. On GoldexPay we compare what recipients receive across services. Choosing a specialist does not mean leaving Citibank Europe PLC Netherlands Branch.

A note on our data

The directory on GoldexPay draws on public sources and we update it periodically. Banks reorganise, change names and change codes. Figures such as the number of codes come from our own dataset and may differ from what Citibank Europe PLC Netherlands Branch publishes.

Before any payment of any size, always confirm the BIC with the recipient’s bank or the recipient. GoldexPay is a comparison site and not affiliated with Citibank Europe PLC Netherlands Branch. If you notice a mistake, we appreciate a message.

Tracking a transfer to or from Citibank Europe PLC Netherlands Branch

How quickly a transfer reaches Citibank Europe PLC Netherlands Branch depends on several factors: the currency, the number of banks in between, cut-off times and time zones. Transfers sent after the cut-off time or on a weekend or public holiday usually go out the next business day. Sometimes a bank asks about the purpose of a payment, which can hold things up.

Many banks use SWIFT gpi, which lets them follow a payment from bank to bank. Each gpi transfer carries a unique reference, the UETR. Money transfer services usually provide a status in their app showing how far the payment has got.

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

Sending EUR to Citibank Europe PLC Netherlands Branch

Accounts at Citibank Europe PLC Netherlands Branch are usually held in EUR, the local currency. Money sent in a different currency is converted into EUR. There is rarely a separate charge for that conversion; it is built into the rate.

Which bank converts the payment matters. Often it is cheaper to send EUR directly through a provider that converts near the mid-market rate, so that the receiving bank does not need to convert again.

The EUR rate changes constantly. For recurring payments, a slightly better rate add up over time.

Receiving money from abroad at Citibank Europe PLC Netherlands Branch

To receive a transfer from abroad into your account at Citibank Europe PLC Netherlands Branch, the person paying you needs more than the SWIFT code. That means: your full name exactly as it appears on the account, your account number or IBAN, the BIC CITINL2XXXX and, often, your address.

You can add Citibank Europe PLC Netherlands Branch and its city too, since some forms ask for it. Check every detail before you share them, because the sender’s bank usually copies them as is.

An incoming payment will not always arrive for the full amount. Fees for incoming transfers differ per bank; check the price list of Citibank Europe PLC Netherlands Branch. Agree with the sender who pays which costs before the money is sent.

SEPA payments and the Citibank Europe PLC Netherlands Branch BIC

Because Netherlands is in SEPA, a euro transfer into Citibank Europe PLC Netherlands Branch from within the SEPA area usually requires just an IBAN. Most banking apps do not require the BIC in that case.

A SWIFT code like CITINL2X still come into play for payments in other currencies and when the money comes from outside SEPA. Some forms also show a field for the BIC; if so, fill in CITINL2X.

SEPA transfers usually arrive by the next business day; instant payments are faster if both banks offer them. Provided the payment stays in euros, a SEPA transfer tends to be inexpensive; it is the conversion that costs money.

Choosing between the 4 SWIFT codes of Citibank Europe PLC Netherlands Branch

We have 4 SWIFT/BIC codes for Citibank Europe PLC Netherlands Branch. Next to the head office code CITINL2XXXX, there are codes for regional offices and specialised units.

For most incoming transfers, the head office code CITINL2XXXX is the right choice. When you receive a branch code, stick to it instead of replacing it with the head office code.

The best way is to copy the code directly from the recipient’s bank details. Codes for branches are more prone to be retired than CITINL2XXXX.

Why Citibank Europe PLC Netherlands Branch has an 8- and an 11-character code

Every SWIFT/BIC code starts with the same eight core characters: four letters for the bank, a two-letter country code and two characters for the location. Together, those parts form CITINL2X, the code most people search for.

The long version has a three-character extension that identify a branch or department. When those three characters are XXX, they simply mean the head office, so CITINL2XXXX and CITINL2X are interchangeable.

Enter the code as one block, in capitals and without spaces, exactly as shown here. Copying the code beats retyping it: a typo can point to another bank.