Exchange rate for Citibank account?

[danbecks]

Hi

I know the exchange rate for a citibank dollar account is slightly above the tourist rate but was wondering if there is any way of finding out the exchange rate before transfering money across?

It's for my brother, I've arranged everything for this holiday now it's seems I've got to sort out his spending money too, he's useless at planning, more so when he's single lol! I'm trying to work out if he'll get more for his money getting it from a site you can order the currency from in advance, it's not very far in advance so rate isn't that much better than high street or paying it into my citibank account.

Thanks

[lsc4alm]

If it's any help I've been getting:
06/09/10 - $1.545 (£300 credited)
23/08/10 - $1.554 (£500 credited)
19/08/10 - $1.559 (£100 credited)

[Saratoska]

you would need to phone them to get the rate for that day

we got $1.55 on Thursday last week

[Guest]

Originally Posted by Saratoska

you would need to phone them to get the rate for that day

we got $1.55 on Thursday last week

See more...

I'd Be wary of the rate you get quoted over the phone.
It's likely they will quote you their tourist rate, not the transfer rate.
Trying to get them to understand the difference isn't easy at times.
It's the one thing that lets them down.

[Guest]

Originally Posted by danbecks

Hi

I know the exchange rate for a citibank dollar account is slightly above the tourist rate but was wondering if there is any way of finding out the exchange rate before transfering money across?
Thanks

See more...

It's normally well above the tourist rate

Originally Posted by lsc4alm

If it's any help I've been getting:
06/09/10 - $1.545 (£300 credited)
23/08/10 - $1.554 (£500 credited)
19/08/10 - $1.559 (£100 credited)

See more...

You can see that the transfer rate is virtually bang on the exchange rate, which just now is $1.543.

[noodler]

My account has just opened and I sent money over yeaterday. I will report back when the account is credited how much I got.

I was working on the theory of being happy with anything over $1.50

[Saratoska]

Originally Posted by Jakey rowling

I'd Be wary of the rate you get quoted over the phone.
It's likely they will quote you their tourist rate, not the transfer rate.
Trying to get them to understand the difference isn't easy at times.
It's the one thing that lets them down.

See more...

thanks Jakey, I have never actually phoned for the rate I just watch in general and when its good I transfer. My dh phoned to let them know we were going and it just confused the issue and he got cut off 3 times, sure it was a foreign call centre

[Guest]

hi i transferred monday a tenner to test it out, was my first transfer and today i had $15.31 in the account
x

[Basset]

Quick update and purely for info ... transfer sent on Monday credited Today went through at 1.55.

BBC Market data reports current rate as 1.56670 with a 0.28% increase today so depending on the exact time of the transfer can't confirm exactly how to track.

[johnb]

Originally Posted by danbecks

I know the exchange rate for a citibank dollar account is slightly above the tourist rate but was wondering if there is any way of finding out the exchange rate before transfering money across?

See more...

If you use bank transfer to load your account, you can't really find out what the rate will be. After initiating the transfer, it usually takes two working days before the money actually reaches your account, and it will be at the rate of that day, not the rate on the date when you made the transfer.