Cash management

Corporate Accounts Services

World-class corporate banking at your finger tips! As thousands of our Corporate Customers have experienced across the world, Citi delivers to you the key to your operating efficiency: your Company's Operating Account with Citi.

Through your single window interface with Citi you can open current accounts in Moscow or St. Petersburg, on-shore or off-shore, in Russian Rubles, US Dollars, Euros or other foreign currencies (as long as they subscribe to the local and international currency regulations).

Account statements on all your accounts opened with AO Citibank in Russia and Citibank N.A. global network in over 100 countries are available electronically in a uniform format through CitiDirect Online Banking.

Rules for RUB payments processing of AO Citibank (in Russian)

Bank Account Conditions of AO Citibank

Criteria for Classification of Clients as Foreign Taxpayers and Means of Receipt from Them of Information Required in Accordance with Federal Law of the Russian Federation of 28 June 2014 No. 173-FZ

The procedure for receiving and the amount of compensation for deposits in accordance with the Federal Law “On Insurance of Deposits in Banks of the Russian Federation” and the Federal Law “On Amendments to Article 11 of the Federal Law “On Insurance of Deposits of Individuals in Banks of the Russian Federation” and Article 46 of the Federal Law "On the Central Bank of the Russian Federation (Bank of Russia)"

Electronic Payments & Collections

AO Citibank is a direct member of the Central Bank of Russia (CBR) and Sberbank clearing and uses these systems for domestic ruble settlements, while Citibank N.A. global network and other international standards such as SWIFT are used for foreign currency settlements. All local currency payments initiated by our customers are transmitted electronically to the CBR clearing system.

To manage your day-to-day payables in a flexible and efficient way, we offer you our Extended Cut-off Time service. For a nominal fee you can use this service to extend initiation of same-day Ruble payments by up to two hours beyond standard cut-off times for CBR clearing.

Payments in any foreign currency can be initiated from a current foreign currency account opened with AO Citibank, so your foreign currency account can be considered as a multi-currency one.

Management Liquidity and Working Capital

Cash Collection

On a mutually agreed schedule, (24 hours per day / 7 days a week), AO Citibank, through its selected service provider can arrange the pickup of cash proceeds from your designated sales locations across the Russian Federation.

Using a vast fleet of armoured vehicles certified by the highest security standards, cash will be transported, counted and promptly credited to your current account with Citi according to an agreed schedule. All risks related to cash transportation, handling and storage at the cash-counting premises from the moment such cash is picked up by our service provider until it is credited to your account with AO Citibank, are 100% insured locally and re-insured globally through internationally reputable insurance companies.

Cash Delivery

On mutually agreed schedules, AO Citibank through its selected service providers can arrange the delivery of cash notes and coins in your required currency denominations and amounts to your designated office locations. Using a vast fleet of armoured vehicles certified by the highest security standards, the cash will be counted, packed and delivered to your offices according to your requirements. All risks related to cash transportation by our service provider right to the point of cash receipt by your authorized employee are 100% insured locally and re-insured globally through internationally reputable insurance companies.

Mass Collections

AO Citibank has established correspondent banking agreements with large Russian banks as well as a partnership agreement with the Russian Post further widening our reach across the regions of Russia. With this exclusive network arrangement, AO Citibank's clients can now use their account to:

  • Collect cash from their regional sales offices
  • Collect deposits from individuals across the country
  • Make high volume payments to multiple regional beneficiaries.

These facilities are available through your single window interface with AO Citibank and can be tailored to suit your diverse needs.

Corporate Cards

Corporate Cards are AO Citibank branded cards for business use:

Main advantages

Traveler management :

  • Ease of use
  • Global acceptance
  • 24/7 cardholder support

Process Efficiency:

  • Simplified payment at point of use vs invoice, vouchers and cash advances
  • Automated T&E and financial management

Financial Management:

  • Supplier management and negotiation
  • Travel spending and forecasting
  • Working capital / payment terms

Visibility and Reporting:

  • Customizable reporting
  • Standardized interfaces with expanse management systems
  • Web application for online management of card program

Control:

  • Variable spending limits by cardholder
  • Control of usage and limits
  • Fraud monitoring and early warning via mobile