Activity Description: The new c2it service offered by Citibank charges a low, flat fee for money transfers from the U.S. to over 120 countries in the world using the Internet. The sender does not have to own a Citibank account, but rather registers with c2it online. Overseas recipients do not need to have an e-mail address or computer to receive the funds. As opposed to charging a percentage rate for transfers, c2it charges a flat rate of $10 for international checks, and $15 for direct deposits. Transfers to Mexico are made easier because c2it allows the sender to choose to send funds instantly as cash for pick up at any Banamex branch or as direct deposit to the recipient's Banamex account for $14.50.