International Bank TransferInternational business and trade have become more and more popular because of the emergence of Internet and the increase in business processes outsourcing. This is the reason that international money transfer has become very common. Today the safest mode of international bank transfer is to do an international bank transfer by wire. Moreover international bank transfer is also necessary for the people involved in emigration. If you are about to move overseas yourself or if you are planning to send funds to your family overseas, you would have to rely on international banks transfer. Similarly if you are about to acquire property overseas, you would still have to do international bank transfer. The best way to do an international bank transfer is to do by a wire transfer. When you do a wire transfer, you are actually sending money from your bank account to that of the receiver. While it is possible to do a wire transfer by depositing cash in a bank where you have not account and let the other person receive money in his account or in cash, this process is very complicated and generally you would have to pay more than what you generally pay in case of account to account international bank transfer. International bank transfer service is available from a number of banks. Generally all the banks which have over seas branches can provide these services. You can consider the international bank transfer services from Citibank. Citibank provides online international bank transfer services. Using these international bank transfer service, you an accept or send international bank transfers. You can also pre-schedule a particular transfer for a given date in future. Other possibilities in the international bank transfer service from Citibank are the ability to set up recurring international transfers. You can see past transfer history using a simple online interface. You can also save a similar wire transfer like the one you have sent in the past. This makes repetitive international bank transfers very simple. Depending on the type of international bank transfer that you are doing you would be charged in different ways. The deciding factor here is the bank account that you have. First of all, all the incoming transfers are free of charge. All the outgoing transfers that are done via Citibank Online are free of cost for the holders of Citigroup Private Bank Accounts. If you are a holder of Citigold accounts, incoming international bank transfers are free of cost but in case of outgoing transfers the charges are $20 per transfer, In case of the people who have the average combined balance equal to or above $ 500,000, the international bank transfer fee is waived. For the holders of Global Executive banking service, the international bank transfer fees may vary and they can be checked with Citibank personnel. International Banking Services Privacy Policy Legal Disclaimer Contact |