Citibank N.a. SWIFT/BIC code

SWIFT/BIC code of Citibank N.a.

The 8-character code CITIPYP1 and the 11-character code CITIPYP1XXX identify the same bank: Citibank N.a.. Every bank on the SWIFT network uses these codes to route payments between countries to the right bank. In practice you mostly come across the code on invoices from abroad, in payment forms and on the account details that Citibank N.a. provides.

Further down you will find the practical side: receiving money at Citibank N.a., paying someone in another country and how to verify the code before you confirm a payment. Remember that the SWIFT code only identifies the bank, not the person: the account number or IBAN does that part.

Where our SWIFT data comes from

This directory is based on publicly available sources and we update it periodically. It can happen that information on this page is out of date after a merger or reorganisation. The number of codes on this page are based on what is in our directory.

For a payment that matters, always check the code with the recipient’s bank or with the recipient. GoldexPay is independent of Citibank N.a., we only compare transfer services. Found outdated information? Let us know via our contact form.

Scams that use SWIFT codes

A common scam goes like this: an email arrives with a request saying that a supplier has a new bank account and asking you to pay there from now on. 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. Watch out for urgent requests, unusual wording or a sender address that is slightly off. If a payment was sent to a fraudster, call your bank right away: the sooner they act, the better the chance of a recall.

Recipients are targeted too: one known trick is an overpayment and then sends a request to refund the difference to another account. Do not act before the money is actually in your account – ask Citibank N.a. if something looks wrong.

Transfer times and tracking a payment to Citibank N.a.

An international transfer typically takes one to a few business days. Transfers sent late in the day or on a weekend or public holiday usually go out a business day later. Occasionally a bank wants to know about the purpose of a payment.

When a payment takes longer than expected, ask the sending bank about the status; with that reference banks can see where the payment is. Save your transfer receipt until the money has arrived; it contains the details a bank needs to start a trace.

A delayed transfer has to be investigated from the sending side. As a recipient, you can check your account to see a slightly lower amount.

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

With 3 codes, Citibank N.a. is one of the banks that use individual codes for branches. The head office code is CITIPYP1XXX.

For most payments to a private or business account, the head office code CITIPYP1XXX is what you need. Branch codes are only needed if the recipient’s bank specifically mentions it.

Not sure which code to use? Check with the recipient, or look at a recent statement from Citibank N.a.. Branch codes are more likely to change than the head office code.

Receiving money from abroad at Citibank N.a.

To receive a transfer from abroad at Citibank N.a., the person paying you needs more than the SWIFT code. The basics are: the account holder’s name, account number or IBAN, CITIPYP1XXX and, for some countries, your home address.

You can add Citibank N.a. and Encarnacion as well, since some forms ask for it. Check every detail before you share them.

Money from abroad does not always land for the full amount. Fees for incoming transfers vary from bank to bank; check the price list of Citibank N.a.. On invoices, you can state how the fees are split.

Verifying the SWIFT code of Citibank N.a.

Have the recipient copy the account details directly from their online banking. If the code you have differs from CITIPYP1 or CITIPYP1XXX, do not guess.

An incorrect BIC may lead to delays, a payment being sent back or extra fees along the way. An error in the account number is more serious because it can reach the wrong person; check it just as carefully.

Many banking apps check the structure of IBANs and some suggest the matching BIC – that confirms the format, not the owner. Where available, a name check on the recipient gives extra certainty. A small test payment can be worth it for a large first payment.

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

Every SWIFT/BIC code has the same eight core characters: four letters for the bank, two letters for the country and a two-character location code. For Citibank N.a., the 8-character core is CITIPYP1.

Most payment forms work with either length. If yours asks for eleven characters, enter CITIPYP1XXX; if it wants eight, use CITIPYP1.

Type the code as one block, in upper case and without spaces, exactly as shown here. Look out for the letter O and the digit 0 and I versus 1, a common source of typos.

What a transfer from Citibank N.a. abroad really costs

If you transfer money to another country from Citibank N.a., the fee you see is only part of the cost. On top of a fixed fee, banks in between may take a cut, and when currencies are converted the bank often applies a rate that is less favourable than the actual market rate.

Banks do not show their exchange rate markup as a cost – you only notice it if you compare. A simple test: put the rate you get against the mid-market rate for the same moment and look at the difference.

Specialist money transfer services often use a rate near the mid-market rate and lower fees. GoldexPay compares these services side by side so you can see the amount the recipient gets for the same amount sent. Choosing a specialist does not mean closing your account at Citibank N.a.: you simply pay the service from your account.