One of the main innovations of modern banking is the introduction of the Bank Sort codes and SWIFT codes. These two allows you to transfer money between banks. While bank sort codes lets you transfer money locally, the SWIFT code is used for international money transfer or Wire transfer. In this article we will be looking at the Citibank US Swift Code and Citibank US Sort Code.
What Does Bank Swift Code Mean?
The SWIFT in the SWIFT CODE means Society for Worldwide Interbank Financial Telecommunication. SWIFT Code is a bank routing identifier which is primarily used with international wire transfers. The SWIFT code usually consists of a combination of numbers and letters which identify the bank, the country, and in some cases, the specific financial center. Sometimes SWIFT codes are required to complete wire transfers between financial institutions.
Citibank US Swift Code
The Citibank US swift code is CITIUS33.
So when ever you want to receive money from abroad, you give the above code to the person or bank that is making the transfer. For more on how to use the bank SWIFT codes please see below.
Citibank US Swift Code | How To Use SWIFT Codes
The SWIFT codes re used when you want to receive money from an international bank. For example;
If you would like to make a wire transfer from your account at another financial institution to your US Citibank account and require a SWIFT code, please use CITIUS33.
If on the other hand you would like to make a wire transfer from your Citibank account, then you have to to contact the beneficiary or the beneficiary’s financial institution to obtain their SWIFT code with which you can now make your transfer.
Citibank US Sort Code
The bank sort codes are numbers which specifically identifies the particular branch of a bank in which an account is held. It is used while making local interbank transfers.
It is important to note that the USA and and a few other countries do not make use of the sort code. They use the BIC code. So if you are searching for the CITIBANK US SORT CODE, it does not exist because sort codes are only employed by the British and Irish banking systems. Australia, USA etc does not make use of bank sort codes.
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