Citibank forex review
Citibank are very transparent about their international wire transfer fees and limits. They provide clear pricing on how much it will cost you to send money overseas through a Citibank wire transfer. The fee you will be charged depends on the type of Citibank account that you have. If the transfer is made in foreign currency, the exchange rate includes a fee for the currency conversion. Although the online transfer fee is lower than most of the other big U. The fees listed above are for sending funds to non-Citibank accounts.
Citibank Global Transfers initiated from a savings or money market account are included in the six preauthorized or automatic transfers permitted each statement period. Transfer limits are subject to change based upon the security measures we use to protect your accounts. First time transfers are subject to lower limits.
Although these are unlikely to be the exact same rates you get for an international money transfer, they do give us an indication. Citibank offers a foreign currency exchange rate of 1 U. Comparing specialist currency providers might mean you only get charged between 0. Find out more with our complete guide on how banks and money transfer operators make money with hidden fees.
US persons are not eligible to trade on this platform. You can manage individual or joint investments within a single login and earn interest on your cash trading account balance. You can quickly begin trading Unit Trusts after completing your risk profile assessment.
Investors can also set up a preferred FX rate and automate buy and sell orders to be executed. Although there are no transaction fees charged, the FX rate will be different from the prevailing interbank market rate and includes a bank spread from 0. Premium Account: This account is not to be mistaken for an upgraded basic brokerage account with added features.
This is simply an account that allows you to buy and sell in dual currency investments at potentially higher rates than a traditional forex account by choosing a principal and secondary currency with a set tenure i. Upon maturity, you will earn the principal plus the interest earned from the weaker of the two currencies. Citibank Online Brokerage Fees Once you choose an account, you must decide how much you would like to keep in it prior to investing.

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