Know Your Citibank Routing Number

Citibank Routing Number

Citibank Routing Number

If you want to make a transfer through Citibank, you will need the Citibank Routing Number to make any wire or online transfers. The need for a system, which could be used to identify the financial institution behind a transfer, led to the formation of routing number. Citibank uses a number of different routing numbers for different states across the country. The ABA routing number can also be found at the bottom left corner of your Citibank check.

Citibank Routing Number

The table given below shows all the Citibank Routing Numbers.

S No.StatePostal AbbreviationRegion/BranchesRouting NumberRouting Number for Wire Transfer
1CaliforniaCANorthern California – including San Francisco & Central California321171184or 321171184 for Wire Transfers
Southern California - including Los Angeles & San Diago322271724
2ConnecticutCT221172610
3DelawareDE021272655
4FloridaFLFlorida – Branches 510, 511, 512, 520, 522, 529, 530, & 622067004764or 266086554 for Wire Transfers
Florida – All other Branches266086554
5IllinoisIL271070801
6MarylandMD052002166or 254070116 for Wire Transfers
7MassachusettsMA221172610
8NevadaNVNevada – Las Vegas branches 27, 29, 30, 56 & 789122401710or 322271724 Wire Transfers
Nevada – All other Branches322271724
9New JerseyNJ021272655
10New YorkNY021000089021001486 for former EABcustomers
11PennsylvaniaPA021272655
12TexasTX113193532
13Virginia & Washington DCVA,254070116

Citibank SWIFT Code

When making an international wire transfer you need a bank routing identifier called a SWIFT  (Society for Worldwide Interbank Financial Telecommunication) Code. This code generally consists of a combination of numbers and letters and is used to identify the bank, country and sometimes a specific financial center.

The SWIFT Code for CITIBANK is CITIUS33.

An Introduction to Citigroup

Citigroup Routing Number

 

Citigroup Inc. or Citi is an American multinational financial service and investment banking corporation based in Manhattan, New York City. Citigroup is ranked 4th by assets on the list of largest banks in the United States. It forms the Big Four Banks in the United States along with JPMorgan Chase, Bank of America and Wells Fargo. Citigroup was ranked 29th in size on the Fortune 500 list in 2016. The company as we know came into existence by the amalgamation of Citicorp and Travelers Group in 1998. But the Travelers Group was spun off in 2002, making Citigroup the owner Citicorp and is the holding company for Citibank and other international subsidiaries.

Citigroup’s largest shareholders include Prince Al-Waleed bin Talal of the Saudi royal family and many investors from Abu Dhabi and Singapore. The bank has over 200 million customer accounts with business spread in 160 countries. Citigroup suffered enormous losses in the financial crisis of 2007-2008. The U.S. government then rescued the company in a heavy stimulus package.

Citigroup- Its formation

A number of companies were involved in the making of Citigroup as we know. It all started on June 16, 1812, when New York State chartered the City Bank of New York with $2 million capital. Samuel Osgood became the first president of the company and the bank opened its doors on September 14, 1812. The company changed its name to The National City Bank of New York in 1865. It happened after joining the new U.S. National Banking System. This also made it the largest American Bank by 1895.

The bank became the first contributor to the Federal Reserve Bank of New York in 1913. The same year, it opened the first overseas branch of a U.S. Bank in Buenos Aires. In 1918, it purchased the International Banking Corporation making it the first American bank to cross $1 billion in assets. It became the largest commercial bank in the world in 1929. The bank soon became a leading innovator in financial services.

It was the first major U.S. Bank which gave compound interest on savings: unsecured personal loans; negotiable certificate of deposit and customer checking accounts.

On March 11, 2015, Citi passed its stress test which allowed the company to raise its dividends to 5% per share.

On June 23, 2016, the Federal Reserve passed the Citi again for the second time. This meant Citi could triple its dividend to 16% per share.

Citigroup operations

The Citigroup serves as the holding company for the mentioned divisions:

Citigroup Global Markets Inc., Citigroup Global Markets Japan and Citigroup Global Markets Limited (UK)

All broker dealers including one of 24 primary dealers in the United State Treasury Securities.

Citi’s Institutional Clients Group (ICG)

It proposes investment, corporate banking services and other banking product for institutions, companies, governments and other immensely high-net-worth investors.

ICG further consists of five divisions namely:

  1. Capital Markets Origination: It focuses on capital-raising needs like private placements, special purpose acquisition companies and public offerings.
  2. Corporate & Investment Banking: It deals with other financial institutions and business. It offers vital financing products and consulting services to local and multinational companies, governments and private businesses in over 160 countries. It also provides client services including mergers and acquisition advice and underwriting of initial public offerings.
  3. Markets & Securities Services: This includes direct custody and clearing and investor services, hedge fund and private equity servicing and issuer businesses. he products offered includes credit, futures, foreign exchange (FX), servicing of equities, commodities, emerging markets, prime finance/brokerage services, municipals, G10 rates, etc.
  4. Citi Private Bank: It employs an open architecture network of investment professionals and over 800 private bankers across 46 countries to provide clients access to global investment opportunities.
  5. Treasury and Trade Solution (TTS): It offers trade, securities and cash management services to governments, businesses in more than 140 countries including the U.S.

Citicorp (holding company of Citibank)

Citibank

It contains two core businesses, global consumer banking and Institutional Clients Group.

  1. Citibank Retail Banking: Citibank has over 4,600 branches across the world and has nearly $300 billion in deposits. It offers checking and savings account, personal wealth management, small business and commercial banking.
  2. Citi Branded Cards: Largest credit card issuer in the world.
  3. Citi Retail Services: Amongst the largest providers of private label and co-branded credit cards, retail loyalty products and retail consulting services in the U.S.
  4. CitiMortgage: It provides real estate mortgages.
  5. Citi Commercial Bank: It serves over 100,000 small to medium-size businesses in 32 countries.