Citibank N.a SWIFT/BIC code

SWIFT/BIC code of Citibank N.a

CITIUS3P and CITIUS3PXXX are the short and the long form of the same bank identifier, and both lead to Citibank N.a in New York,ny. A SWIFT code tells the sending bank which institution should receive the money, much like a postcode for banks. In daily life you mostly come across it on international invoices, in your banking app and in the bank details of Citibank N.a customers.

Below you will find the practical side: money coming in from abroad, paying someone in another country and how to check a SWIFT code before you confirm a payment. Keep in mind that the BIC just identifies the bank, not the account: the IBAN or account number does that part.

Incoming international payments to Citibank N.a

When you expect a payment from another country, send the payer a complete set of details. In practice that means: your full name as registered with Citibank N.a, your account number or IBAN, the SWIFT/BIC code CITIUS3PXXX (or CITIUS3P) and sometimes your postal address.

Some sending banks also ask for the address of Citibank N.a; it does no harm to include it. Check each detail before you send them.

What lands in your account can be less than the amount sent. Fees for incoming transfers vary per bank; check the price list of Citibank N.a. Agree with the sender who covers the fees.

About this information

The directory on GoldexPay draws on public sources and we update it periodically. Institutions reorganise, change names and change codes, and a directory never catches every change immediately. The figures on this page are based on what is in our directory and not on information from Citibank N.a itself.

Treat the information here as a handy check. GoldexPay is independent of Citibank N.a. Spotted an error? Let us know via our contact form and we will look into it.

Protect yourself against fake payment requests

One of the most common tricks works like this: you receive a message saying that a contact has a new bank account and that the next payment should go there. A correct SWIFT code says nothing about who owns the account: scammers use real codes of real banks.

Verify changed payment details via a different channel like a call to a number from an earlier contract. Watch out for urgent requests, odd spelling or an email address that differs by one letter. If money has already gone to the wrong account, call your bank right away – speed improves the chance of getting it back.

Recipients can be targeted as well: one known trick is a buyer who pays too much and then sends a request to refund the difference to another account. A screenshot of a transfer is no proof – check your own account.

CITIUS3P or CITIUS3PXXX – which one to use?

A BIC is made up of a few fixed parts: the first four letters identify the bank, the next two give the country and the two after that indicate the location. Together, those parts make up CITIUS3P.

Many banks and apps work with either length. If a form requires eleven characters, use CITIUS3PXXX; if it wants eight, use CITIUS3P.

Type the code in one piece, in upper case and without separators, exactly as shown here. A wrong letter can send a payment to another bank, so copy it carefully.

Before you send: check the Citibank N.a code

The best place to find the right code remains paperwork issued by the bank, such as a statement or the account details in online banking. Check it with CITIUS3P on this page and ask if anything does not match.

If the code is wrong, the transfer might get stuck, be returned or cost extra – sometimes after weeks of searching. An error in the account number can be more serious, because the money may be credited to someone else; check it just as carefully.

Most online banking apps validate the format of an IBAN and some suggest the matching BIC, but that does not prove the account belongs to the right person. If your bank offers it, a payee name check on the recipient adds an extra layer of safety. When you pay someone new, some people start with a small test amount and wait for confirmation.

The US Dollar and what conversion costs you

Most accounts at Citibank N.a are usually held in USD, the local currency of United States. When you pay money in a different currency, the amount gets converted somewhere along the way: by your bank, an intermediary or Citibank N.a itself. There is rarely a separate charge for that conversion.

Who converts the payment makes a difference. In many cases you pay less to send USD straight away through a provider that converts near the mid-market rate rather than letting the receiving bank convert.

Exchange rates move all the time – some services let you fix a rate in advance. If you pay regularly, a slightly better rate add up over a year.

When will the money arrive at Citibank N.a?

An international transfer usually needs one to a few business days. Payments made after the cut-off time or just before a weekend or public holiday usually start the next business day. Occasionally a bank wants to know about the purpose of a payment, which can hold things up.

When a payment takes longer than expected, ask the sending bank about the tracking status; with that reference banks can see where the payment is. Money transfer services usually show a status in their app showing how far the money has got.

If a payment has not arrived within the expected time, the sender should contact the bank that sent it. As a recipient, it helps to look at your account to see a slightly lower amount.

Which of the 3 codes of Citibank N.a do you need?

Citibank N.a has 3 separate SWIFT/BIC codes. Only one is the head office code, CITIUS3PXXX; the others identify branches or departments, and sometimes specific services.

For most incoming transfers, the head office code CITIUS3PXXX is what you need. Branch codes are only needed if the account holder specifically asks for it.

The safest approach is to take the code straight from the account holder’s statement. Branch codes are sometimes changed or retired over time, so do not rely on old paperwork.

International transfers from Citibank N.a: the real cost

The price of an international transfer has more than one component. You pay the transfer fee, possibly charges from correspondent banks in between and, above all, the margin on the exchange rate.

Banks do not show the margin on the rate separately, but you pay it all the same. An easy check: put the bank’s rate against the mid-market rate and work out the difference on your amount.

For a lot of routes, a specialist provider is less expensive than a bank. GoldexPay compares the amount that arrives across providers, so you can pick the cheapest route. Using a transfer service does not require closing your account at Citibank N.a – you pay the provider from your own account.