Citibank US$ Account Transfer

junpit

Hi

I have a citibank us$ account and need to transfer some cash to it.
I have created a bill payment from my santander current acccount and also barclays. I have transferred £10 from each od these accounts but it hasnt arrived yet.

Barclays use faster payments and santander does not.

The transfers have left. When creating the transfer I specified my citibank us$ account number (8 digits with zeros removed) and the sort code is 30-00-45. The reference was specified as my name.

Is this going to work. The santander payment was made a few days ago and the barclays one a few minutes ago. None have been credited yet.

Thanks

Darren

bcl999

Is it not the IBAN code you need to use when transferring abroad? It is a bit longer than the account number and sort code but they are part of it. I think the extra digits are to identify the overseas bank or something.

junpit

bcl999 wrote: »

Is it not the IBAN code you need to use when transferring abroad? It is a bit longer than the account number and sort code but they are part of it. I think the extra digits are to identify the overseas bank or something.

Whats the IBAN code?

bcl999

Expanation here http://en.wikipedia.org/wiki/International_Bank_Account_Number

I just read your first post again. Is the Citibank account an overseas account or is it actually held in the UK but denominated in $?

Has the Barclays faster payment not showed up yet?

bcl999

I'm surprised nobody else has added to this and I don't know that much about these things. I wonder if maybe you'd get better response over in the forum that deals with bank accounts etc?

Baldur

junpit wrote: »

I have a citibank us$ account and need to transfer some cash to it.
I have created a bill payment from my santander current acccount and also barclays. I have transferred £10 from each od these accounts but it hasnt arrived yet.

Barclays use faster payments and santander does not.

The transfers have left. When creating the transfer I specified my citibank us$ account number (8 digits with zeros removed) and the sort code is 30-00-45. The reference was specified as my name.

Is this going to work. The santander payment was made a few days ago and the barclays one a few minutes ago. None have been credited yet.

Fairly simple answer, if you had checked the Faster Payments Sort Code Checker you'd have discovered that the Citibank Sort Code you gave above does not accept Faster Payments, so expect the usual BACS 3-4 working days for the transfers to show up in your account.

neilbond007

When I moved to the US I used TorFX to transfer money.
I looked in to transferring directly between bank accounts but the fees were large and the exchange rate pitiful.

The fees alone were more than £10!

junpit

Hi

The money hit my citibank acct today which was exactly 3 working days. The exchange rate was good however. I got 1.642 which was close to the headline rate of 1.64 when I got up this morning.

I suspect the barclays one will hit later. Its a pity they dont take faster payments but I can work with this. I'll transfer the rest of my money on Thu 12th as I go on holiday on the 19th to make sure I get it in the acct on time.

Did I read somewhere that I cant use my CB card for buying gas in the US.

Thanks

Darren

Voyager2002

I presume that your US dollar account is with Citibank in London. In which case, I am surprised that you didn't open a sterling account with them as well. Then it would be simple to transfer money into the sterling account, and then do an on-line transfer to your dollar account with them. The process of moving money between different Citibank accounts takes seconds, and the exchange rate is not too bad.

lil.smartie

You need a US Zip code on any credit card to use at the gas pumps, Any UK issued debit will 'run' as a credit card in the US not as a debit so you will need to sign in stores not use your pin.

Kate

ferf1223

agree that you need a US zip code to pay at the pumps - but you can go inside first - pre-pay $XX on whatever pump you are on...and there you go...if you pre-paid for too much you can go in and they will give you a refund for the difference back to your card.....I normally undershoot what I think I will need slightly to avoid having to go back in.

So you could use your card to buy gas - just not pay at the pump...and since some petrol stations require you to pre-pay or swipe a CC to start the pump - it's a bit more fiddly.