International Cash Letters

This service is available for cheques that are drawn in USD and sent for deposit to an account held outside of the United States. In order to be cleared the cheque must be returned to its country of origin, the U.S., via Citibank’s correspondent network. The value dates that you will receive are generally longer where a cheque is deposited as a Foreign Cheque Deposit. Citibank will process the cheques upon receipt and provide you with a single, consolidated credit that can be viewed on your account statement. The credit will be posted “subject to recourse” in case the cheque is returned unpaid from the drawee bank.

Key Benefit:

• Allows you to receive dollar cheques outside of the U.S.