-
Inter-Institution Transfers.
Make transferring funds between your Citi and non-Citi accounts a non-problem.
Inter-Institution Transfers let you make free online transfers between your Citibank accounts and your deposit accounts at other financial institutions and credit unions in the US.
What it Costs
- Free
-
Right for you if:
- You want to transfer money to a deposit account you own at another financial institution.
- You want to fund your Citibank account from your deposit account at another financial institution.
- Your accounts are within the US.
What You Get
Inter-Institution Transfers is a free service that lets you make one-time or recurring online transfers between your Citibank accounts and your deposit accounts at other financial institutions and credit unions in the US.
Easily make transfers between your Citibank checking, savings or money market account AND your checking, money market or investment account at another financial institution.
You can even use Inter-Institution Transfers to move money from your deposit accounts at other financial institutions directly into your high-interest Citibank savings account.
How It Works
Using Inter-Institution Transfers from Citibank is easy. You can:
- Make one-time and recurring transfers
- Make a transfer simply by setting up your non-Citi deposit account by providing the account number and the
ABA number
An ABA number—or routing number—is a 9–digit number assigned to the bank by the American Bankers Association (ABA) and used for routing transfers and other transactions. Think of it as the bank's
address.
- See the chart for the amounts you can transfer
We recommend that you add any existing linked external deposit accounts and scheduled transfer instructions to our new Citi "Transfer Between Your Accounts" service.
TIMING OF TRANSFER* | Same day ACH – Instructions received before 12:30 PM ET Next day ACH – Instructions received after 12:30 PM ET |
TRANSFER LIMITS** | Inbound monthly – $100,000 Tenured**** $15,000 Untenured Inbound daily – $100,000 Tenured**** $10,000 Untenured Outbound monthly – $50,000 Tenured**** $15,000 Untenured Outbound daily – $25,000 Tenured**** $10,000 Untenured |
* The times shown here affects when your transfer request will be executed. Transfers will be executed on the Business Day requested if your instructions are entered before the cutoff time shown. Transfers are subject to applicable limits.
** Monthly limits are measured on a rolling 30 calendar day basis.
*** Customer has one or more Citi consumer accounts open for at least 91 days; credit card or first mortgage accounts are not included. Based on those accounts linked to online profile used with IIT service.
Click here to see Inter Institution Transfer Terms and ConditionsWorks With These Products
- Checking Accounts
- Savings Accounts