Group Transfers

Group transfers are particularly advantageous for companies who make periodic payments in local currency of relatively low value to a large number of private individuals or corporate entities, e.g. salary payments, commissions, dividend payments, etc. Group transfers are based on the concept of normal bank transfers. This service allows you to effect payments to beneficiaries who do not have individual accounts.

Features

Instructions can be initiated

Via CitiDirect electronic banking system

Via mail, fax, tested fax or can be submitted in any of our branches

Transaction fees and costs and Cut-off times

Actual Corporate List of Conditions