Citibank Wire Transfer Authorization and Agreement Form: A Complete Guide
When it comes to sending money internationally or domestically, wire transfers have become one of the most popular ways to transfer funds quickly and securely. Citibank is a renowned bank that offers its customers the facility to wire transfer funds through their bank accounts. To initiate a wire transfer with Citibank, you will need to fill out a Citibank Wire Transfer Authorization and Agreement Form. In this article, we will take a close look at this form and provide you with a step-by-step guide on filling it out.
What is a Citibank Wire Transfer Authorization and Agreement Form?
The Citibank Wire Transfer Authorization and Agreement Form is a document that provides Citibank account holders with instructions on how to initiate a wire transfer. This form is used to authorize Citibank to transfer funds from one account to another either domestically or internationally. This form must be completed in full to ensure the accuracy and security of the funds being transferred.
How to Fill Out a Citibank Wire Transfer Authorization and Agreement Form?
Here are the steps you need to follow to fill out the Citibank Wire Transfer Authorization and Agreement Form:
Step 1: Provide your personal details
You will be required to provide your personal information, including your name, address, and Social Security Number. If you are not a US citizen, you will need to provide your passport or alien identification card number.
Step 2: Provide the recipient`s details
You will need to give the recipient`s name, address, account number, and bank name and address. You may also be required to provide the recipient`s SWIFT/BIC code, routing number, and IBAN number, depending on the country you are sending the funds to.
Step 3: Provide the transfer details
You will need to specify the amount of money you want to transfer, the currency, and any fees that may apply. Citibank charges a fee for all wire transfers. The fee may vary depending on the amount of the transfer and the country you are sending the funds to.
Step 4: Sign the form
Once you have filled out all the required information, you will need to sign the form. The signature must match the signature on file with Citibank.
Step 5: Submit the form
Once you have completed and signed the form, you can submit it to Citibank either in person or by fax.
Conclusion
The Citibank Wire Transfer Authorization and Agreement Form is an essential document that you will need to complete if you wish to initiate a wire transfer with Citibank. Filling out this form correctly and accurately is crucial to ensure that the funds are transferred securely and on time. By following the steps outlined in this guide, you will be able to complete the form smoothly and efficiently, making your wire transfer experience as seamless as possible.