Transfers from Overseas - ACH

Automated Clearing House Transfers (For US Customers only)

Automated Clearing House (ACH) Transfers is a nationwide electronic transfer facility available for customers in the United States. You will need to login to Citibank Online and register your US Bank Account as a Source Account to transfer funds using the ACH facility.

To transfer funds using the ACH facility, you will need to login to Citibank Online and register your US Bank Account as a Source Account.

Registering your US Bank Account is a 3-Step process.

Step 1 : Register

Login to your Rupee Checking Account at Citibank Online.
Provide details - US Bank Account, Name on your US Bank Account, Name of the Bank, Type of Account and Routing (or ABA) Number.
Once registered, we will initiate a debit and credit transaction from this account, typically 3-4 business days after you register your Source Account.

Step 2 : Verify

It is important to ensure that you enter the correct verification amount. If you do not enter the correct amount within 3 times, for your protection, your Source Account will get blocked and you will not be able to complete the registration process.

Step 3 : Remit

Start transferring funds from your US Bank Account to your Rupee Checking Account right away.

It will take up to 5 Business days for funds to be available for use in your Rupee Checking Account from the time you initiate the transfer. The exchange rate for your transfers will be displayed to you prior to completing your transfer.

Transaction Limits for ACH Transfers

For your protection, we have assigned maximum limits to your ACH transactions. To learn more about these limits, please refer to the table below:

Frequency	Min (USD)	Max (USD)	No. of Transactions
Per transaction limit	500	30000	-
Daily transaction limit	500	30000	1
Fortnightly transaction limit	500	100000	4
Monthly transaction limit	500	150000	8

Please Note:

All transfers through the Automated Clearing House Transfers are executed based on the information provided by you. Citibank will not be responsible for incorrect details provided.
Prior to initiating an ACH Transfer, you will see a pre-confirmation screen including details of the transfer amount, fees and taxes if any, exchange rate for this transfer and the date when your funds will be available for use.
You will also receive a confirmation of this remittance with these details to your registered email address.
Citibank reserves the right to accept or reject a remittance to your Rupee Checking Account through ACH Transfers.
You can register multiple US Bank Accounts as Source Accounts but you will not be able to register the same US Bank Account for multiple Citibank Rupee Checking Accounts.

Terms and Conditions for Automated Clearing House (ACH)

Capitalized terms used herein, unless defined herein, shall have the meanings assigned to them in the terms and conditions applicable to the Rupee Checking Account ("Account") held by me with Citibank, N.A., India, which Terms and Conditions, in addition to these terms and conditions, I hereby confirm having read and accepted. I further understand and confirm that, in case of any conflict between these terms and the terms and conditions applicable to the Rupee Checking Account, the terms and conditions applicable to the Rupee Checking Account shall be deemed to prevail for all intents and purposes.

I hereby authorize Citibank, N.A., India to initiate debits to my checking/savings account, as the case may be, ("Transaction") held at the depository financial institution in the US (the "Bank Account") and/or Citibank, N.A., Chennai, where I hold the Account, during banking business hours. I hereby confirm and acknowledge that I am legally entitled to the monies in the Bank Account and have full right and authority to deal with the same, including for the purposes of transfer to the Account, as may be instructed, from time to time. For the purposes of these terms and conditions, 'banking business hours' shall mean, as the context may require in each instance, banking hours for the bank where the Bank Account is held, OR 9 am to 5 pm on a day, other than a Saturday or Sunday, on which Citibank, N.A., Chennai is open for normal banking business.

I understand and acknowledge that a Transaction, once instructed by me, is irrevocable and Citibank, N.A., India will not be in a position to reverse or recall the same under any circumstances.

I understand and confirm that Citibank, N.A., India shall only be obliged to perform only two transaction during a week with the cumulative amount of both the Transactions not exceeding USD 20,000 and daily transaction not exceeding USD 10,000 or a total of Eight transactions in a month, or such other limits as may be notified to me by Citibank, N.A., India, from time to time. I hereby agree and confirm that each Transaction shall be for transfers of at least USD 500. Citibank, N.A., India is entitled to reject Transactions, which are for amounts less than that specified above.

For purposes of clarification, the following limits shall be adhered to:

	Minimum Amt. in USD	Maximum Amt. in USD	Maximum No. of Txs.
Daily	NA	USD 10, 000	1
Weekly	NA	USD 20,000	2
Monthly	NA	USD 80,000	8
Per Transaction	USD 500	USD 10, 000

Citibank, N.A., India shall provide to me a statement of Transactions at monthly intervals. Such statement may be provided to me over electronic mail or through pre-paid recorded delivery, special delivery, registered mail, ordinary post or courier mail, as requested by me.

I hereby consent to the transmission of communications through the Internet, and acknowledge that the Internet is not necessarily a secure communications and delivery system, and understand the confidentiality and other risks associated with it.

No additional fees, charges or expenses are payable, as of date, to Citibank, N.A, India. Citibank, N.A., India shall be required to provide me with atleast 7 days prior notice, if there is any incidence of fees, charges or expenses. I hereby agree and confirm that dispatch of notice to my address, including to any electronic mail address, as it appears in the records of Citibank, N.A., India shall discharge Citibank, N.A., India of further responsibility and such notice will be deemed duly served.

I understand and acknowledge that the information that is provided by me for the purposes of the Transaction may be shared with and stored by various counter-parties that are performing the transaction and that the same shall not be within the exclusive control of Citibank, N.A., India and that there could be attendant and incidental risks of the information being disclosed.

I understand and acknowledge that this facility may, at any time, at the sole discretion of Citibank, N.A., India, be suspended, restricted or terminated with prior notice being provided to me. I confirm and undertake that I shall not hold Citibank, N.A., or any other third party whosoever liable for any loss that may be caused by such suspension, restriction or termination. I hereby confirm that I shall not hold Citibank, N.A., India liable or responsible for delays/deficiencies in settlement of the Transaction due to system constraints, actions of other parties or any other similar or analogous circumstances.

I understand and acknowledge that neither Citibank, N.A., India, nor any other counter-party to the Transaction shall be responsible to provide me with details with regard to rejection of registration for the facility or for any Transaction initiated by me.

I understand and acknowledge that I shall be solely liable and responsible for provision of all requisite information with regard to registration and in relation to each Transaction. Notwithstanding the above, Citibank, N.A., India shall be entitled to and may act and accept instructions for the Transaction based on any one field of information provided by me.

I hereby authorize and instruct Citibank, N.A., India to undertake any and all foreign currency exchanges at such rate as may be applicable to the same at the time that the Transaction is performed and agree and confirm that I shall not hold Citibank, N.A., India responsible or liable for any losses that I may suffer or incur due to fluctuations in the rate of exchange between any relevant currencies. I acknowledge that the foreign currency rates utilized by Citibank include a commission to Citibank for its services.

I understand and acknowledge that, upon the earlier of (a) receipt of a statement of Transactions; or (b) receipt of a statement of account for the Account, sent periodically to me by Citibank, N.A., India, in case of any discrepancy, error or omission in the details therein, I shall notify Citibank, N.A., India, in writing, of the relevant discrepancy, error or omission within 21 days of receiving such statement. The notice of discrepancy, error or omission shall provide sufficient details to enable Citibank, N.A., India to investigate the alleged discrepancy, error or omission and shall include the following information: a) my name and address and all relevant details of the Account, the Bank Account and the Transaction; b) a description of the error or discrepancy or omission; c) a copy of the statement / other record in which there has been an error, discrepancy or omission found and any other information requested by Citibank, N.A., India. If no notice of discrepancy, error or omission is received by Citibank, N.A., India within the said period of 21 days, the statement sent to me shall be deemed to be true and correct for all intents and purposes and accepted as such by me and I shall not be entitled to dispute the same.

In case of any incorrect credits to the Account, I undertake and confirm that I shall, forthwith, and, in no circumstances, later than two days from such incorrect credit, inform Citibank, N.A., India, in writing and signed by or on my behalf about such incorrect credit. I shall, without demur, protest or cavil, transfer or make available to Citibank, N.A., India the incorrect credit/excess credit. Without prejudice to my absolute obligation to make available such amounts, I hereby authorize Citibank, N.A., India to debit the Account for such amounts as may have been incorrectly credited.

Any and all notices with regard to the Transaction/s shall be sent by me to the addresses specified below and, (a) if delivered by hand or (b) sent by pre-paid recorded delivery, special delivery, registered mail or courier mail, to the relevant address set out below (or as otherwise notified from time to time); and (c) if communicated over telephone, on the telephone number specified below. In case of (a) and (b), it shall be marked for the attention of the relevant person of Citibank, N.A., India as set out below (or as otherwise notified from time to time). Any notice or communication given by hand-delivery or mail shall be deemed to have been duly given:(a) if hand-delivered, when delivered; (b) if sent by recorded delivery, special delivery, registered mail or courier mail, at 10 a.m. on the third business day for the recipient at the place of receipt from the date of posting unless there is evidence that it was received earlier than this and provided that, where (in the case of delivery by hand) the delivery occurs after 3 p.m. on a business day for the recipient at the place of receipt or on a day which is not a business day for the recipient at the place of receipt, service shall be deemed to occur at 10 a.m. on the next following business day for the recipient at the place of receipt. Information may be provided over the telephone at all times.

The address and telephone number of Citibank, N.A., for the purpose of provision of notices as aforesaid is:
For the attention of : Manager, Citibank NRI Business
Address: One Court Square, 10th floor, Long Island City, NY 11120
Telephone No: Toll free 1-800-248-4674

I acknowledge and confirm that, should the Transaction fail to be settled, for any reason whatsoever, other than a reason attributable to myself, Citibank, N.A., India shall only be liable to credit the Bank Account with the monies previously debited for the Transaction and shall not be responsible or liable for any other costs, charges, expenses, damages or losses that may be incurred or suffered by me. However, if the Transaction cannot be settled due to any act or omission by me, Citibank, N.A., India shall be entitled to recover from me any costs, charges, expenses or losses it may incur or suffer in attempting to settle and/or reverse the Transaction.

I acknowledge that this service may only be utilized with respect to a Bank Account at a depository institution in the US, which is a member of the National Automated Clearing House Association and which has permitted the debits to be made to the Bank Account, and then only in accordance with the terms and conditions established by that depository institution with respect to such debits to the Bank Account.

I acknowledge and understand that Citibank, N.A., India shall not be, at all, liable or responsible to complete a Transaction if:

the money available for transfer from the Bank Account is, for any reason whatsoever, insufficient or stated by the depository institution where the Bank Account is held, to be insufficient or on which transfers are restricted, suspended or curtailed in any way.
any counter-party to the Transaction, including the depository institution where the Bank Account is held, fails, for any reason whatsoever, to fulfill its part of the obligations to complete the Transaction.
the reasons for non-completion are outside the control of Citibank, N.A., India.

I hereby acknowledge and confirm that neither Citibank, N.A., India, nor any other counter-party shall be, in any event, liable for any indirect, consequential, punitive or un-liquidated damages.

I acknowledge and confirm that I shall be solely responsible and liable to comply with all applicable law.

I acknowledge and confirm that these terms and conditions shall be governed by Indian law and courts of Mumbai shall have exclusive jurisdiction.

I acknowledge all obligations hereunder are payable solely at and by Citibank, N.A., India, subject to the laws of India including any governmental actions, orders, decrees and regulations