Payments

Paying suppliers in time and in a cost efficient manner is crucial in today's competitive business environment. Our advanced payment processing systems and our global coverage ensure that your payments reach the intended recipients in the shortest time. You can initiate both Local Currency (LCY) and Foreign Currency (FCY) funds transfers from your accounts with Citibank.

Benefits Citibank brings you

Citibank's global network and correspondent banking relationships provide you with excellent quality and speed in funds transfers.

Local currency transfers

Types of local currency transfers

Internal Transfers:

Outgoing Funds Transfers:

VIBER (real time) transfers:

Special services related to Forint transactions Foreign Currency Transactions

Foreign currency transactions

If no conversion is needed, the funds reach the beneficiary bank the next business day following the receipt of your payment instruction by the bank.

In 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.

Foreign currency transactions