Philippines Transaction Cut-offs

A. Teller Service
Product Cut-off Timings Service Deliveries Notes
Deposits Cash Deposit 15:00 Same Day

On-Us 15:00 Same Day

Local 14:00 3 working days

Check Regional 10:30 5 working days

Provincial 15:00 for collection

USD Check 15:00 for collection

Demand Drafts 15:00 For OTC/FAX/CitiDirect; FAX

instructions are subject to
Check Services Manager's Check (PHP) 15:00
signing of MIFT agreement
USD Checks (Min USD 100.00 per check) 15:00

Initial 10:00 Next Day For Initial and Emergency,

delivery is 2-3 days if
Checkbook Reorder 10:00 After 5 Days
delivery address is outside
Emergency 10:00 Next Day Metro Manila.

Miscellaneous Encashment 15:00

B. Domestic Fund Transfer

Product Cut-off Timings Service Deliveries Notes
12:30 24 to 48 hours OTC/Fax
Peso Netting/Electronic Peso/ Clearing
13:00 24 to 48 hours CitiDirect

Real Time Gross Settlement (RTGS) 15:00 Real time OTC/Fax/CitiDirect

13:30 Same Day OTC/Fax

Philippine Domestic Dollar Transfer System (PDDTS)
14:00 Same Day CitiDirect

C. Cross Border Fund Transfer **

Product Cut-off Timings Notes
15:00 – OTC/Fax
Supporting documents to be
Outgoing Telegraphic Transfers 16:00 – CitiDirect
received by 15:00
1 day before value date – Third Currency

Incoming Telegraphic Transfers (non-trade) 16:00

Full Value Transfer NA

Treasury and Trade Solutions

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© 2019 Citibank, N.A. All rights reserved. Citi and Arc Design is a registered service mark of Citigroup Inc.
 ** Full List of Supported Pay and Receive Currencies
AUD Australian Dollar JPY Japanese Yen
CAD Canadian Dollar MYR Malaysian Ringgit
CHF Swiss Franc NZD New Zealand Dollar
CNH Chinese Yuan Renminbi PHP Philippines Peso
DKK Danish Krone SGD Singapore Dollar
EUR EMU Euro THB Thai Baht
GBP U.K Pound Sterling USD U.S. Dollar
HKD Hong Kong Dollar

NOTES:

 Transaction cut off time applies to transactions with complete and correct information and sufficient available balance at
the time Citibank received the instructions. For outgoing payments against incoming funds, proof of incoming funds must
be notified to Citibank beforehand.
 All instructions received by Citibank after the relevant cut off time will be processed on the next banking day.
 Value date refers to the date when Citibank processes the transaction and credits beneficiary bank. Final credit date to
beneficiary is controlled by beneficiary bank.
 Day is banking day.
 Citibank reserves the right to adjust or amend the above cut off time at its own discretion without prior notice.

Treasury and Trade Solutions

citi.com/tts

© 2019 Citibank, N.A. All rights reserved. Citi and Arc Design is a registered service mark of Citigroup Inc.