Foreign currency receivables
If no conversion is needed, the incoming FCY funds will
be credited on
your account after identification, and the funds are ready for further
transactions.
In case a conversion is needed, the funds are booked
to your account with the value date being the second business day.
In case you need to make urgent payments out of the funds received
you have two possibilities:
- You simply use the funds booked to the account.
In case it moves your account balance to overdraft, Citibank counts
a transaction interest (actual
condition list).
- You can reduce the time required for conversion
with one of our treasury solutions, Citibank QuickFX.
According to prevailing foreign exchange regulations,
FCY incoming fund transfers need to have a proper description of
the payment. In case of missing payment title CitiService
will call you to collect the information ensuring that the fund
is available for you as soon as it is possible.
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| Transaction fees and costs
AND Cut-off times |
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IBAN
- International Bank Account Number
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