Foreign Exchange Solutions
- With Citi you can bank, spend and invest in multiple currencies, manage your cash or investments across multiple currencies via our Citi Mobile® UK App, Citi Online or for larger transactions; the London based specialist FX desk.
- Multi-Currency accounts - Deposit accounts available in major global currencies
- Citi Global Wallet – Use your Citi Debit Card to spend in most major currencies and save on FX and debit card fees, in store or online.
- FX Spot
- Live foreign exchange rates
- Convert up to £5 million online instantly, every day
- Instant access to your funds after conversion
- Our best exchange rates are automatically applied when you trade using Citi Online or Citi Mobile® UK App
- FX Order Watch - You set the desired rate, we watch the markets for you and execute automatically.
- International Payments – you can now send money in more than 60 currencies anywhere around the world.
- Citibank Global Transfers - transaction fee-free instant transfers to Citi accounts internationally (participating countries only).
Countries included in the Citibank Global Transfer service:
- Hong Kong
- Jersey
- Korea (Republic of)
- Singapore
- United Arab Emirates
- United Kingdom
- USA (selected locations)
Our dedicated FX Counsellors are available to provide Citi’s view and guidance on the market, especially if you are looking to convert a larger amount. As a Citigold client, you have access to the FX Counsellors for advice on the currency markets and diversification ideas. You can reach the team directly on fxsales@citi.com or the desk phone line on +44 207 986 8125.
FX Order Watch
You set the rate, and we'll do the rest.
Wouldn't it be great to know that you could place currency trades in advance, safe in the knowledge that they will only be completed if rates hit the level you desire within your preferred timeframe?
Our FX Order Watch service does the hard work for you, keeping a constant check on the currency markets. You set the exchange rate and we'll do the rest.
All You need to know about FX Order Watch
Essentials
FX Order Watch lets you set your own preferred exchange rate between two
currencies - for example US Dollars and Euro.
You can set up FX Order
Watch quickly and easily using Citi Online, or ask your Relationship Manager to
do this for you during office hours. Our dedicated Treasury Sales Officers are
also there to provide expert assistance in potentially meeting your Foreign
Exchange goals.
Currency Risk
Because currency markets fluctuate, there is always a risk with any FX product
that you could lose some of your capital if you make a trade and then
immediately decide to switch back to your original currency. For this reason our
FX solutions, including FX Order Watch, are best suited to experienced investors
and those clients who already operate in more than one currency, or those who
are prepared to accept the risk that currencies can fluctuate.
Please
read the full terms and conditions of our
FX Order Watch service.
How to place an order:
• Login into Citi Online FX Order Watch booking page and choose the currencies you want to exchange (see list below) at the rate you want to trade
• Set the term duration and type of order you want to make and confirm*
• Citi will monitor the currency markets 24 hours a day, and if the Citi Reference Market Rate hits your target rate, we will trade on your behalf
• Citi will Execute the order automatically and Debit/Credit the accounts you have chosen
• You can modify or cancel your order at any time through Citi Online
*Duration of the order can be from 1 day to a maximum of 90 days
*You can book Simple Order or One-cancel-other (OCO) Order combination types
Choose from a selection of different currencies and the following types of orders:
Single order:
You place one order and we make the trade if the currency hits your desired level within the timeframe. If it doesn't, the order expires.
One-cancel-other order:
You place two orders at the same time. Whichever target is hit first, that trade is executed and the other order is automatically cancelled. If neither target is hit by the end of the term, the order expires.
Currencies
FX Order Watch can be used to buy and sell in the following major currencies:
- United States Dollars (USD)
- British Pounds (GBP)
- Euros (EUR)
- Swiss Francs (CHF)
- Australian Dollars (AUD)
- New Zealand Dollars (NZD)
- Emirati Dirham (AED)
- Polish Zloty (PLN)
- Hong Kong Dollars (HKD)
- Canadian Dollar (CAD)
- Japanese Yen (JPY)
- Swedish Krona (SEK)*
- Norwegian Krone (NOK)*
- Denmark Krone (DKK)*
- South African Rand (ZAR)*
*Only available for customers of Citibank NA Jersey
Download our digital Foreign Exchange services brochure now
Your foreign exchange specialist. Convenient FX solutions, all in one place.
Preferred shares:
Preferred shares are issued over a fixed period of time with an agreed rate of interest. Holders of preferred shares have priority over standard shareholders for payment of dividends, but they have no voting rights.
Exchange-traded Funds and Commodities:
You can also use our International Brokerage service to invest in Exchange-Traded Funds, which are pooled investment products that track stock market indices – such as the FTSE 100 for example.
By pooling your money with other investors you can get quick access to stock market performance while helping spread risk across all of the companies within a particular index. Exchange-Traded Funds are traded on stock exchanges in the same way as individual stocks.
Plus you can buy or sell Exchange-traded Commodities which allow you to gain exposure to commodities without actually taking delivery of the commodity or trading futures.
Depository Receipts:
The International Brokerage service include the ability to buy and sell American Depository Receipts and Global Depository Receipts. American Depositary Receipts are certificates issued by US banks that hold actual shares of a company's stock. Global Depository Receipts are certificates issued by a depository bank which buys shares in foreign companies. They allow you to benefit from the movement of share values of companies in developing countries for example, without having to purchase the stock directly. The minimum amount required to invest via our International Brokerage service is US$10,000 per purchase (or currency equivalent).There is no minimum amount required if you place your order via Citibank Online.
