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| | | Home>Service Channels>Citibank Global Transfer | |  |  | | Citibank Global Transfer (CGT) enables you to receive instant remittances from overseas Citibank accounts from around the world. What's more, your remitter can do it anytime, anywhere through Citibank Online or ATMs in other countries. | | |    | | If your remitter is a customer of our overseas Citibank branch, both you and your remitter will be able to enjoy the following unparalleled benefits of CGT! | | | Instantaneous | | | With a click of the mouse, funds from your overseas remitter's Citibank account will be on its way to your Citibank FCY account in China instantaneously. The account balance in your remitter's and your FCY account will be updated instantly. | | | Convenient | | | Your overseas remitter can use the service anytime, anywhere via his local Citibank Online banking service or designated Citibank ATMs. | | | Inexpensive | | | Pricing of CGT varies from country to country. Usually, it is about 25% to 30% of the commission charged for a traditional international telegraph transfer. CGT is free if the money is transferred from any Citibank Germany and Australia accounts! | | | No Paperwork | | | Compared to the traditional telegraphic transfer, your remitter does not have to visit the branch and fill in forms. As a recipient, you will no longer have to deal with the unnecessary correspondent bank charges and prolonged waiting period, which you may encounter in an international telegraph transfer. | | | Pricing of CGT varies from country to country. Usually, it is about 25% to 30% of the commission charged for a traditional international telegraph transfer. CGT is free if the money is transferred from any Citibank Germany and Australia accounts! | | Click on  to expand and on  to minimise the details. | | | Which are the countries/destinations/account types where CGT service is offered to Citibank China? | | | Please refer to the below list. With the expansion of the CGT network, more and more countries/destinations/account types will be added to this list. | |
 | | Remitting Region | | | Remitting Country/Destination/Account Type |  |
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CB-US |
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U.S. |
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EMEA |
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Czech Republic |
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| | | | | Hungary | |
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| | | | | Belgium | |
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| | | | | IPB-EUR | |
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| | | | | Poland | |
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| | | | | UK | |
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| | | | | Targo | |
| | AP | | | Australia | |
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| | | | | HongKong China | |
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| | | | | India | |
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| | | | | Indonesia | |
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| | | | | Korea | |
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| | | | | Malaysia | |
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| | | | | Philippines | |
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| | | | | Singapore | |
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| | | | | Taiwan | |
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| | | | | Thailand | |
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| | | | | Vietnam | |
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| | Middle East | | | UAE | |
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| | | | | Bahrain | |
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| | | | | How can my family and friends living overseas use CGT service to remit money to my account in Citibank China? | | | Because CGT transfers money from one Citibank account to another Citibank account, both the remitter and recipient must have a Citibank account. So, your family and friends must first have an overseas Citibank account. | | | CGT is a self-initiated funds transfer service where they can carry out the transfer transaction themselves via their local Citibank Online banking service or at a Citibank ATM. The process may vary from country to country. For further details, please advise your family and friends to consult their local Citibank Relationship Manager / Personal Banker, call their local CitiPhone Banking or visit their local Citibank website. | | | | | Which accounts can be used as source and destination accounts for CGT to China? | | | Your 10-digit remittable foreign currency savings account beginning with '16' can be used as a destination account. You need to tell your remitter the account name and the account number for him to perform the fund transfer via CGT. | | | As Renminbi (RMB) is still a regulated currency, RMB accounts cannot be used as a destination account. | | | Usually, a Citibank savings account is an eligible CGT source account for the remitter. A variety of other accounts may also be eligible. Your remitter can check with his local Citibank representative for more details. | | | | | Is there a transaction limit for CGT transactions? | | | Transaction limits are country specific, your remitter needs to check with his local Citibank representative. For example, for Citibank U.S., the limits for a single account depend on the customer type. For Citigroup Private Bank & Citigold customers, the daily limit is $5,000; the weekly limit is $25,000. For all other customers, the daily limit is $3,000; the weekly limit is $10,000. | | | | | Does CGT service to China allow foreign exchange transactions? | | | Yes, the CGT service to China allows foreign exchange transactions. A foreign exchange transaction happens when the destination account in China is denominated in a different currency from the source account overseas. For example, if your remitter is sending USD to your EUR account in China, the USD will be automatically exchanged to EUR. The exchange rate used will have to be confirmed by your remitter. | | | | | | | | | | | | | Disclaimers: | | | | | | | | |
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