Citibank Europe PLC, Dublin-Sucursala Romania SWIFT/BIC code

CITIROBU – the SWIFT/BIC code of Citibank Europe PLC, Dublin-Sucursala Romania

The short code CITIROBU and the 11-character code CITIROBUXXX refer to one and the same institution: Citibank Europe PLC, Dublin-Sucursala Romania, with its head office in Bucharest. Every bank on the SWIFT network uses BIC codes to route international transfers to the correct bank. You will need it mainly for payments that cross a border or a currency.

Below we go through the practical questions: money coming in from abroad, paying someone in another country and how to check the code before you confirm a payment. Remember that the SWIFT code only identifies the bank, not the account: the account number or IBAN takes care of that.

Incoming international payments to Citibank Europe PLC, Dublin-Sucursala Romania

Someone abroad who wants to pay you will ask for a few details about your account, and missing ones are a common cause of delays. Give them your name as the bank knows it, the IBAN or account number, the BIC CITIROBUXXX and your address.

It helps to add Citibank Europe PLC, Dublin-Sucursala Romania and Bucharest as well. Check the details before you send them, because the sender’s bank usually copies them as is.

Expect that the incoming amount is smaller than the amount on the sender’s receipt. Correspondent banks can take a fee and your own bank may charge for processing, and if the money is converted, an exchange rate margin applies. Make clear with the sender who pays which costs before the money is sent.

Sending money abroad from Citibank Europe PLC, Dublin-Sucursala Romania

The price of an international transfer has more than one component. There is the fee for the transfer itself, sometimes charges from correspondent banks in between and, above all, the exchange rate markup when the money is converted.

Most of the cost usually sits in the exchange rate: the bank converts at a rate with a margin built in. Check their rate with the mid-market rate, the midpoint between buy and sell rates you see on financial sites; the gap is what conversion costs you.

For many routes, a transfer service turns out to be cheaper than a bank. Before your next transfer, it is worth comparing the total cost via GoldexPay. You can still use your account at Citibank Europe PLC, Dublin-Sucursala Romania to fund the transfer, while a cheaper service handles the conversion.

Euro transfers to Citibank Europe PLC, Dublin-Sucursala Romania: is a BIC needed?

Romania is a member of the Single Euro Payments Area (SEPA), the zone for uniform euro payments. When you send euros within SEPA, you normally only need the IBAN and the BIC is often filled in automatically.

The BIC does matter for payments in other currencies. If your banking app asks for the BIC anyway, adding CITIROBU does no harm.

SEPA transfers normally land by the next business day; instant payments are faster if both banks offer them. Fees for SEPA transfers tend to be low.

Protect yourself against fake payment requests

Stay wary when someone suddenly asks you to pay into a different account or a bank in another country. A correct SWIFT code tells you nothing about whether the request is genuine – scammers simply use real codes.

Verify new bank details via a separate channel, such as a phone number you already know, never via the email that asked for the change. Pressure and requests to keep it quiet are warning signs; a genuine business can wait for you to check. Acted too fast? Contact your bank without delay and have them try to recall the payment.

Recipients can be targeted as well: a classic trick is an overpayment followed by a request to refund the difference abroad. Wait until the money is actually in your account and check with Citibank Europe PLC, Dublin-Sucursala Romania if anything seems off.

Verifying the SWIFT code of Citibank Europe PLC, Dublin-Sucursala Romania

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 does not match CITIROBU or CITIROBUXXX, stop and ask – contact the recipient or Citibank Europe PLC, Dublin-Sucursala Romania.

With a wrong code, the payment might be delayed, bounce back or cost extra – sometimes after weeks of searching. A mistake in the IBAN or account number can be a bigger problem because it can reach the wrong person.

Most online banking apps validate the format of IBANs – that confirms the format, not the owner. More and more banks check the payee name with the account before you confirm. For a first payment, many people send a small amount first and wait for confirmation.

Why Citibank Europe PLC, Dublin-Sucursala Romania has an 8- and an 11-character code

The structure of every SWIFT code never changes: four characters for the institution, two for the country and a two-character location code, plus an optional branch code. That gives you CITIROBU, the short form of the code.

Many payment forms work with either length. If a form asks for eleven characters, use CITIROBUXXX, otherwise CITIROBU is fine.

In practice the code is written in capitals. A single character can send the money to another bank, so check it twice.

A note on our data

The details here come from publicly available data that we update regularly. Banks reorganise, change names and change codes – a directory can be a step behind. The figures we show reflect what is in our directory, not official figures from Citibank Europe PLC, Dublin-Sucursala Romania.

Treat our directory here as a handy check, and let the details from the recipient or Citibank Europe PLC, Dublin-Sucursala Romania have the final say. GoldexPay is a comparison service and not part of Citibank Europe PLC, Dublin-Sucursala Romania. If you notice something that is out of date, we welcome a message.

How long does an international transfer to Citibank Europe PLC, Dublin-Sucursala Romania take?

How quickly a payment arrives at Citibank Europe PLC, Dublin-Sucursala Romania is determined by a few things: the currency, the number of banks in between, cut-off times and differences in time zone. Transfers sent late in the day or just before a weekend or public holiday often go out a business day later. Sometimes a bank wants to know what the payment is for.

Many banks use SWIFT gpi for faster and traceable payments. Each payment gets a unique transaction reference, the UETR that banks can use to trace it. Money transfer services usually show tracking online showing where the payment is.

A missing payment is traced from the sending side, using the payment confirmation. On the receiving end, you can look at your statements to see a partial amount, since fees may have been deducted.

The Romanian Leu and what conversion costs you

Romania uses the Romanian Leu. A payment in a foreign currency will be exchanged into RON before it reaches the account. There is rarely a separate charge for that conversion; it is built into the rate.

Who does the conversion has an effect on how much arrives. In many cases you pay less to send RON straight away through a transfer service with a good rate.

The rate for RON fluctuates constantly, so the amount you see is usually only valid for a short time. On larger amounts, even seemingly small difference in the rate adds up quickly.

Head office or branch code at Citibank Europe PLC, Dublin-Sucursala Romania?

Our directory lists 3 SWIFT/BIC codes for Citibank Europe PLC, Dublin-Sucursala Romania, spread over 1 cities. Next to the head office code CITIROBUXXX, there are codes for branches, departments or specific services.

For most incoming transfers, the head office code CITIROBUXXX works fine. When you receive a specific code, stick to it rather than replacing it for the head office code.

The best way is to take the code straight from the recipient’s bank details. Branch codes are more prone to be retired than the head office code.