In today's globalized economy, international money transfers have become commonplace for both individuals and businesses. Selecting accurate banking information is crucial to ensure funds reach their intended destination securely and efficiently. For transfers involving CITIBANK N.A, the SWIFT code CITIUS3PPBX serves as the critical identifier for successful transactions.
Understanding SWIFT Codes
A SWIFT code (also known as a BIC) is a standardized bank identifier assigned by the Society for Worldwide Interbank Financial Telecommunication. This unique code distinguishes financial institutions and their branches worldwide. While some countries or specific payment types may not require SWIFT codes, they remain essential for most cross-border transactions to prevent delays or misdirected funds.
Key Information for CITIBANK N.A:
- Bank Name: CITIBANK N.A
- SWIFT/BIC: CITIUS3PPBX
- City: New York
- Address: 111 Wall Street, New York, NY 10005
- Country: United States of America
Why SWIFT Codes Matter
When initiating international transfers to CITIBANK N.A, providing the correct SWIFT code (CITIUS3PPBX) ensures the transaction routes properly through the global banking network. Many financial institutions will explicitly request this information during the transfer process, making it imperative to include it accurately on all payment documentation.
The standardized SWIFT system significantly simplifies international money movement, enabling secure and efficient cross-border transactions. However, users should always verify the recipient's complete banking details before initiating transfers, particularly when dealing with international transactions involving multiple currencies or jurisdictions.
Best Practices for International Transfers
To minimize potential issues with international payments, consider these recommendations:
- Double-check all recipient details, including the SWIFT code and account information
- Confirm whether intermediary banks are required for the transaction
- Be aware of potential processing times and cut-off hours
- Understand any applicable fees or currency conversion charges
By familiarizing yourself with the CITIUS3PPBX SWIFT code and international banking procedures, you can confidently manage cross-border financial transactions while benefiting from the convenience of global financial services.