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Pound Sterling Clearing Service

“CitiFT”
Best Payment System Award Winner
2005 Financial Times / Banker Tech Awards

Pound Sterling continues to be a major currency for cross-border trade flows. You need an established, trusted partner to provide a clearing service for all your Pound Sterling needs. Count on Citi to be a reliable provider of market-leading services for all your Pound Sterling clearing needs. Citi is a uniquely qualified partner with a successful track record in the payment industry and a century-old presence in the United Kingdom.

The first foreign bank to join the UK clearing in 1984, we continue to be the largest foreign bank operating in the market today.

With our Pound Sterling Clearing Service, you gain:

  • A trusted partner to help you navigate the British payments landscape with a full range of Sterling services
  • Enhanced straight-through processing through artificial intelligence capabilities
  • Flexible charging options: Beneficiary Deduct, Credit Fee Deduct and Full Value Transfer
  • Access to your Pound Sterling accounts via SWIFT™ or the CitiDirect® Online Banking platform
  • The ability to combine GBP with CHF and EUR clearing for a full European clearing solution through a single service and delivery point
Citibank London is a direct member of the CHAPS Sterling RTGS clearing. We offer access to the BACS clearing, as well as the Cheque and Credit Clearing Company for settlement of low value and paper-based instruments.