If no conversion is needed or in case of one conversion between HUF and EUR, the funds reach the beneficiary bank the next business day following the receipt of your payment instruction by the bank.
MIn case a conversion is needed, funds reach the beneficiary bank on the 2nd business day following the receipt of your instruction by the bank.
In case you need to make a payment urgently, you can reduce the number of days required for the conversion by using Citibank's Quick FX product or initiate urgent transfer.
Urgent processing of foreign currency transfer is available in case of transfers in the following currencies: Euro (EUR), US Dollar (USD), English Pound (GBP), Canadian Dollar (CAD), Roman Leu (RON), Turkish Lira (TRY).
A common initiative It is a common initiative of the European Union and the European banks is to increase the pace and the cost efficiency, and to reduce the manual inputs processing of transfers within Europe, including national and cross-border transactions. (e. g. transactions directed from Germany to Hungary and from Hungary to Germany).
In order to support the initiative mentioned above, please indicate your account's IBAN number on invoives issued to your partners located in the EU. It may require some new computer settings, nevertheless the transfered funds are credited faster and prompter on your account.
To make the usage of the international bank account number easier Citibank diisplays your company's IBAN number on your statements.
Equally important is to indicate your partner's IBAN number as the beneficiary's account number when initiating transfers to your European partners. It is also facilitated by our CitiDirect electronic banking system in case of international transfers.
Via CitiDirect electronic banking system, via mail, fax, tested fax.
Transaction fees, costs and cut-off times