Citibank N.a. Uruguay SWIFT/BIC code

CITIUYMM – the SWIFT/BIC code of Citibank N.a. Uruguay

CITIUYMM and CITIUYMMXXX are two ways of writing the same SWIFT/BIC code, and both point to Citibank N.a. Uruguay in Montevideo. A SWIFT code shows the sending bank which institution is meant to get the money, much like a postcode for banks. It comes up mostly for transfers between countries.

On this page you can read what the code means, when it matters and which other details a transfer to or from Citibank N.a. Uruguay requires. Keep in mind that the BIC just identifies the bank, not the person: the account number or IBAN takes care of that.

Changed bank details? Be careful

Criminals often use fake invoices containing changed bank details. That CITIUYMM is a real code is no guarantee that the account is genuine – fraudsters use real bank codes as well.

Do not trust contact details from the same email that announces the new account. Be suspicious of time pressure, odd spelling or a sender address that is slightly off. If money has already gone to a fraudster, call your bank right away.

Scams also target the receiver. Someone sends more than agreed and asks you to return the extra to a new account. A screenshot of a transfer proves nothing.

Is CITIUYMM still correct? How to check

The most reliable place for the correct BIC remains paperwork issued by the bank. When the code you were given does not match CITIUYMM or CITIUYMMXXX, stop and ask – contact the recipient or Citibank N.a. Uruguay.

A wrong SWIFT code may lead to a delay, a payment being sent back or extra fees for investigation. A mistake in the IBAN or account number is more serious, because the money may be credited to someone else.

Most online banking apps check the format of an IBAN and some suggest the matching BIC – that confirms the format, not the owner. Some banks now compare the payee name against the account before you confirm – do not ignore a mismatch warning. When you pay someone new, many people send a small amount first.

Paying someone abroad from your Citibank N.a. Uruguay account

When you send money abroad through Citibank N.a. Uruguay, the fee you see is only part of what you pay. You pay the fee for the transfer itself, possibly fees charged by intermediary banks in between and, above all, the margin on the exchange rate if the currency changes.

That exchange rate margin tends to be the largest cost. Check the rate you are offered with the mid-market rate; the gap is what conversion costs you.

For many currency pairs, a transfer service turns out to be less expensive than a traditional bank transfer. GoldexPay lists these services side by side, showing what actually arrives before you commit. You can always use your account at Citibank N.a. Uruguay to fund the transfer; only the conversion and sending happen elsewhere.

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

The structure of a BIC never changes: a bank code of four letters, two for the country and a two-character location code, plus an optional branch code. Together, those parts form CITIUYMM – the version you usually see online.

Many banks and apps accept both lengths. If a form asks for eleven characters, enter CITIUYMMXXX.

In practice the code is typed in capitals. Watch for the letter O and the digit 0 or the letter I and the digit 1, a common source of typos.

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

Our database contains 3 SWIFT/BIC codes for Citibank N.a. Uruguay, spread over 3 cities. Next to the head office code CITIUYMMXXX, there are codes for individual branches and departments.

If nobody asks you for a branch code, use CITIUYMMXXX. Branch codes are only needed if the account holder specifically asks for it, which is more common for business accounts and specialised services.

If you are not sure, ask the person you are paying which code their bank gave them. Branch codes are sometimes changed or retired over time, so a code from an old document is not always valid.

How long does an international transfer to Citibank N.a. Uruguay take?

How quickly a payment arrives at Citibank N.a. Uruguay is determined by a few things: which currency you send, how many intermediary banks are involved, daily processing deadlines and differences in time zone. Bank holidays in the sending or receiving country add extra days to the journey. Compliance checks on larger or unusual payments may also add a delay, regardless of the details.

Many banks use SWIFT gpi. Every gpi transfer gets a unique reference, the UETR, which your bank can use to see where the money is. Specialist transfer services often provide a status in their app so you can see where the payment is.

Only the sending bank is able to start an official trace. Request from the sender the payment receipt with the date and reference – it helps your own bank look for the money.

A note on our data

We gather bank codes from publicly available data and check our list from time to time. Banks merge, close branches and change codes. Figures such as the number of codes come from our own dataset.

Use this page as a starting point, not as the last word: the recipient’s bank details come first. GoldexPay is a comparison service and not affiliated with Citibank N.a. Uruguay. Spotted outdated information? Let us know through the contact page so we can correct it.

Incoming international payments to Citibank N.a. Uruguay

For a transfer from abroad at Citibank N.a. Uruguay, the person paying you has to have more than the SWIFT code. The basics are: the account holder’s name, account number or IBAN, CITIUYMMXXX or CITIUYMM and in many cases your postal address.

Certain sending banks want the name and address of Citibank N.a. Uruguay in Montevideo. Check every detail before you share them, because the sender’s bank usually copies them as is.

Expect that the amount credited is below the amount on the sender’s receipt. Intermediary banks may deduct a fee, and if the money is converted, an exchange rate margin comes on top. Agree with the sender who covers the fees, especially for larger amounts.