Citi’s Treasury and Trade Solutions (TTS) has expanded its WorldLink® Payment Services (WorldLink®) cross-border ACH capabilities to About Citi Global Transaction Services. A global leader in payments, Citi makes millions of cross-border payments annually on behalf of the world’s most. Citi,financial services,cash management,global transaction services,capital market,citidirect,private banking,corporate banking,fund services.

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We also have global check disbursement centers in New York, Dublin and Singapore. Where is WorldLink Payment Services located?

These enhancements coupled with worldliink extended ACH offering firmly place WorldLink as a market leader, continuing to stay ahead of the curve for exotic and emerging market payments.

How does the WorldLink foreign exchange process work on File? Customers can also call a WorldLink foreign exchange specialist for a rate and can enter the rate and booked FX contract on Worldlinm.

How is a stop payment, photocopy or other service request made on CitiDirect? What WorldLink payment options are available cigi File? Yes, WorldLink can support file import and export in CitiDirect. This increase in ACH country availability further establishes WorldLink as having the largest currency suite available across the widest array of payment types for cross-border payments in the market.

Worldlink® Frequently Asked Questions

Is it possible to stop a WorldLink check? How can a customer issue WorldLink onsite checks? How many currencies of Funds Transfers can WorldLink support? Yes, assuming the check has not already cleared. However, an advantage of ACH payments is that these payments can typically be recalled per the rules of each individual country to where the payment is made. WorldLink supports 30 currencies for remote checks and 16 currencies for onsite checks.

Do I need to set up a credit line in order to use WorldLink?

No lifting fees for most currencies Low fees where applied No value limit, except those imposed through market conditions No repair fees. Why would a notification have been sent that the funds transfer requires more information? The “standard” ACH offering requires a customer to maintain an account in every country where payments will be made. A Citi representative will discuss the best way for you to communicate your payment instructions worldlinm us, the account or accounts you will use to fund your payments, and the way you will obtain foreign exchange rates for payments not in the currency of your account.

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How is a stop payment, photocopy or other service request made on File? One of the benefits of using WorldLink is the global network, which supports us in processing payments. Increasingly, electronic payments are being made into the local wrldlink systems rather than the traditional SWIFT route through regional systems. If you decide to communicate via file transmission, a Citi representative will work with you to set up and test your files. ACH is also intended for non-urgent payments as they are processed with value date of days depending on country processing rules.

What Worldlink can do for You. Contact your Electronic Banking support to identify the best file format for you. You remit payment to Citi, from the account you hold with your current bank, for your WorldLink activities. WorldLink onsite checks are checks drawn on a WorldLink account, but printed by the client on their premises. To see if you can benefit from this offering, contact you customer service representative today.

Can WorldLink payments be imported and reports exported in CitiDirect? They can also hold the funds for several days before making worldlijk available to your beneficiary. However, there are also disadvantages such as value limitations, timing, inability to repair payments, and service support limitations.

In SeptemberWorldLink announced enhancements to the exotic currency offering. ACH is intended for low value payments but more and more large payments are being processed through local ACH systems.

Citi’s WorldLink® Payment Services Expands Its Local Payments Offering Into Eight New Countries

wogldlink Is it possible to stop a WorldLink funds transfer? There are advantages of using the local clearing systems ACH such as reduced costs including reduced lifting fees. I travel a lot. Funds transfers and remote checks are initiated via a MT and onsite check issuances are notified via MT WorldLink makes it easy to pay your vendors, suppliers, distributors, agents, pensioners, shareholders and other recipients – for a countless number of business applications in the currencies of their choice, without you having to maintain multiple foreign currency accounts.


Michael Vallance, Global Head of WorldLink Payment Services at Citi, says “We continue to see increasing client requirements for a larger focus on local currency payments, especially in emerging and developing markets.

WorldLink ACH payments can be stopped on a best efforts basis. As part of the continuous improvement to WorldLink, file-based coti can now benefit from this expanded currency offering for local payments.

Citi’s WorldLink Payment Services Expands Its Local Payments Offering Into Eight New Countries

WorldLink through CitiDirect Online Banking features automatic software updates so you’re never worldlunk of date. Customers must be entitled to each payment type before it is made available on CitiDirect.

Supporting over 4, currency pair conversions, Worodlink provides transparent flexible foreign exchange options which are bundled with the most comprehensive distribution network of any international cash management service provider globally. Please contact your customer service representative to initiate a stop payment or to recall a payment.

WorldLink makes over wofldlink million payments annually with a value of almost billion US Dollar equivalent. Rather, Citibank issues all payment types from its own accounts in the currency of issuance. The WorldLink solution is a convenient non-account-based product, offering multicurrency payment solutions for corporations, financial institutions and public entities.