Citibank is among the largest consumer banks in the United States. Serving over 100 million clients worldwide, wire transfers is an essential service that the company offers.
Wire transfers can be completed within your Citibank account at Citibank.com, and will generally be completed within one business day if submitted and processed before 5:15 pm EST.
Like it’s competitors, Citibank will charge a fee for both incoming and outgoing wire transfers, with fees varying depending on the size of transaction and whether or not the transfer is across domestic or international accounts.
How Much Does Citibank Charge for a Wire Transfer in 2024
Citibank will charge its customers between $25.00 to $35.00 for domestic and international wire transfers respectively. Citibank also charges an additional $35.00 for wire transfers that involve foreign currency. Citibank’s standard fees tend to be lower than in its national competitors, if not for a large international foreign currency fee.
In the table below, we examine the fees across all the most popular banks in the United States.
| Bank Name | Domestic Fee | International Fee USD | International Fee Foreign Currency |
| CitiBank | $25.00 | $35.00 | $35.00 |
| Wells Fargo | $30.00 | $45.00 | $30.00 |
| Bank of America | $30.00 | $45.00 | $0.00 |
| National Average | $26.00 | $42.00 | N/A |
| Capital One | $30.00 | $50.00 | $40.00 |
Citibank’s domestic fee and international fees are the lowest among its competition, however, the international foreign currency fee is significantly higher compared with some banks like Bank of America.
In addition to the fees outlined above, many banks charge a fee for incoming wire transfers as well. For Citibank, many of its account holders will automatically have this fee waived.
How Much is Citibank’s Domestic Wire Transfer Fee?
Citibank’s outgoing wire transfer fee starts as low $10.00 and can go as high as a $25.00. For incoming transfers, the bank can charge a $15.00 fee. However, many account-types within the Citibank ecosystem will have the incoming and outgoing fees waived as a perk for utilizing that account type.
Citibank also offers its customers very high limits for wire transfers, with the lowest limit being $50,000 and other accounts with no limits. For example, a Citigold Private Client account, there is no limit to how much is transferred in US dollars, and all fees are waived.
For international transactions, Citibank still has extremely competitive offerings, assuming the transaction is in US dollars.
How Much is Citibank’s International Wire Transfer Fees?
Citibank international wire transfer fees start at $10.00 and go as high as $35.00. Like with domestic transactions, many Citibank accounts waive these fees. Despite this, there is a fee of $35.00 for currency conversion, so these benefits only apply for transactions made in US dollars.
Even with international transactions, Citibank provides its customers with high wire transfer limits. For many accounts, the there is no limit to a wire transfer. For transactions made in a foreign currency, there is a $35.00 fee for converting the currency, and unlimited transfers are limited to $500,000 USD.
Fees can add up, especially for people who need to make frequent wire transfers. To that end, it is important to know which accounts offer the most comprehensive fee waivers.
Can You Get Citibank’s Wire Transfer Fee Waived?
Citibank will absolutely waive wire transfer fees if you are utilizing the appropriate account type. Citibank offers many different types of consumer accounts which all vary in fee structure. Below we outline the most common accounts and which fees are waived.
The table below outlines some of the most common Citibank accounts and key details as it pertains to wire transfers.
| Domestic Outgoing Fee | International Outgoing Fee | Outgoing Limit | Incoming Fee | |
| Citigold Private Client | Waived | Waived | No limit if in USD | Waived |
| Citi Priority | $17.50 | $25.00 | No limit if in USD | Waived |
| Citigold International Account | $10.00 | $10.00 | No limit if in USD | Waived |
| Citigold International Personal Account | $18.75 | $30.00 | $250,000 per day | Waived |
| Citi Global Executive Account | $18.85 | $30.00 | $250,000 per day | Waived |
| Citi Global Executive Preferred Account | Waived | Waived | No limit if in USD | Waived |
| Typical Checking Account | $25.00 | $35.00 | $50,000 per day | $15.00 |
If your account does not qualify for a fee waiver, there may be other non-bank financial services which will allow you to transfer money from one bank to another.
How to Avoid Citibank Wire Transfer Fee?
While many Citibank accounts offer fee waivers, you still may need another way to circumvent fees. To that end, non-bank financial services like Venmo, Paypal and Zelle may provide a solution.
For international transactions, Cash App has the best offer as it is available internationally and does not charge fees for making international transactions. PayPal also supports international transactions, but with a 5% fee, a large transfer would likely be more expensive than a wire transfer.
Ultimately, the best way to save money on bank-to-bank transactions can be to find an alternative to wiring money altogether.
What is the Cheapest Way to Wire Transfer Money with Citibank?
The cheapest way to wire transfer money is to make sure you have an account that waives the wire transfer fees. Additionally, Citibank offers a great deal of incentive for transferring money in US dollars.
To save money with international transfers, you may consider sending money in US dollars and then exchanging money with another service that may offer cheaper fees. Apps like Venmo and the Cash App also may offer a cheaper and more convenient alternative.
