Running a global business can open up great opportunities – as well as new challenges. That’s why we offer services that let you manage your transactions and reduce your risks when dealing with unfamiliar countries and practices.

On-the-ground experience and expertise
Simplify your imports and exports
Conduct trade confidently and efficiently

SMALL BUSINESS BANKING

What are Letters of Credit?

A Citibank Letter of Credit facilitates import and export transactions. Through this letter, Citi substitutes its own creditworthiness for yours. This assurance makes it easier for you to find overseas companies willing to trade with you. Plus, you can use an import letter of credit to obtain financing for your international purchases when an exporter can’t provide financing.

Letter of Credit

Facilitates import and export transactions. An import letter of credit simplifies the process of sourcing and buying products from overseas.

Standby Letter of Credit

Attests that we will pay on your behalf, if and when requested, as long as the required documents are presented.

Confirmed Letters of Credit

Facilitates your export transactions. As the seller, an export (or confirmed) letter of credit from Citibank gives you the assurance that you will be paid if you present the required documents according to the terms of the letter of credit.

Documentary Collections

These serve as proof that the actual shipment of a product or service has occurred, so the buyer can accept a bill and the seller can receive payment.

How to open an account

Prepare your documents

Get the documents you need before you visit the branch

What you need to bring

Visit a branch

Open an account with us by visiting your nearest Citibank branch.

Find a location

Still have questions?

Get answers to common questions about Citibank credit and lending

Visit our FAQs

Call our customer service specialists

1-877-528-0990 (TTY 1-800-945-0258).
We’re available Monday-Friday 7 AM to 11 PM ET and Saturday-Sunday 9 AM to 5:30 PM ET.