Skip to main content
Your browser is out of date and not supported. We recommend you update your browser for a better online banking experience. Learn More
Select Your Residential State
Please select your state
There are some errors on this page.
  • Please enter your state.
  • Product offerings may differ among geographic locations. By selecting your state of residence, you'll be shown the specific terms and rates that will apply to your new account.

    Please note: If you choose to cancel this process, you may be redirected to a page other than the one you requested.

    Skip to main content
    Still have questions? Call us at 1-877-462-2484

    Trade Services Features

    Let Citibank be your trade services partner. Our on-the-ground experience, expertise and global network can help you conduct trade confidently and efficiently.

    Letters of Credit

    A Citibank Letter of Credit facilitates import and export transactions. An import letter of credit simplifies the process of sourcing and buying products from overseas. The letter is issued by us (as the issuing bank) and payment is guaranteed to the seller (exporter) once the seller validates it has shipped the goods and met the terms of the sale. Through this letter, Citibank substitutes its own creditworthiness for yours. This assurance makes it easier for you to find overseas companies willing to trade with you.

    You can also delay payment for goods until they are shipped and after the exporter complies with all terms. Plus, you can use an import letter of credit to obtain financing for your international purchases when an exporter can't provide financing.

    Documentary Collections

    These serve as proof that the actual shipment of a product or service has occurred, so that the buyer can accept a bill and the seller can receive payment.

    Standby Letters of Credit

    At times, you may be required to provide security to cover your performance or financial commitments. Standby letters of credit can provide that protection. They attest that we will pay on your behalf, if and when requested, as long as the required documents are presented.

    These letters can support lease agreements, bid bonds, warrantees, contracts requiring performance guarantees and more. Often, they can be used in place of escrow accounts or security deposits, helping to preserve your cash flow.

    Confirmed Letters of Credit

    Letters of credit also facilitate your export transactions. As the seller, an export (or confirmed) letter of credit from Citibank gives you the assurance that you will be paid if you present the required documents according to the terms of the letter of credit. With the issuing bank's consent, we add our commitment to that of the issuing (importer's) bank, reducing risk all-around.

    You are viewing Rates and Terms & Conditions applicable to a state other than where you live. These Rates and Terms & Conditions may differ from those applicable to your state of residence and will not apply to new accounts you open online. When you open your new account online, Rates and Terms & Conditions will be determined by your state of residence.

    Select Continue to proceed or choose Cancel to modify your selection.

    Share Your Screen With A Phone Representative

    During your call, you may be asked to share your screen for a faster, more efficient experience. If you agree, the phone representative you're speaking with will give you a Service Code to enter below.

    If you need assistance from a Citi representative, contact us via chat or phone