- Telegraphic Transfer and money order are usually offered for overseas remittance, however, available currency for remittance is limited and money order causes inconvenience as customers should send it via mail once issued by the bank.

- WorldLink is a service that Citibank handles overseas remittance in a safe and prompt manner taking advantage of the wide business network of Citibank. The service is classified into two as below by payment method, i.e. ordinary fund transfer and issuing the remote check.

Funds Transfer

- The difference of the Funds Transfer of WorldLink is that the service supports 106+ currencies in the world for overseas remittance.

Remote Check

- Rather than sending the foreign currency check to the beneficiary upon issuance by the bank, customers can request issuance of the Remote Check, which will be delivered to the beneficiary by Citibank automatically.

- WorldLink is the proved product used by 3,000+ customers (including financial institutions, government agencies, and companies) in 190 countries for the past 25 years.

- Potential errors of remittance can be minimized as search function for beneficiary bank information is provided at the time of fund transfer.

- Appropriate authorization procedure is support for customer’s organization structure.

- Worldwide foreign exchange rates are applied on a real-time basis.

- Current status of overseas remittance is checked on a real-time basis.

- Stop payment function is provided.

- Available for all types of corporate.

Transaction Flow Diagram of Fund Transfer

- Customer inputs payment detail via CitiDirect? on-line banking system.

- Customer gets other currency than US Dollar converted through WorldLink.

- Citibank verifies all the related documents required by the Foreign Exchange Management Regulation and transmit customer’s payment detail to the WorldLink center.

- WorldLink center transmit the payment request to the relevant beneficiary bank.

Transaction Flow Diagram of Remote Check

- Customer inputs the Remote Check issuance detail via CitiDirect? banking system.

- Customer gets other currency than US Dollar converted through WorldLink.

- Citibank verifies all the related documents required by the Foreign Exchange Management Regulation and transmit customer’s payment detail to the WorldLink center.

- WorldLink center issues and delivers the Remote Check to the beneficiary.

- Beneficiary requests collection to his transacting bank.

- The bank requests collection to WorldLink center.

- WorldLink center makes payment to the bank in issuing currency.

Tel. 82-2-3455-2114.