The Citi Global Currency Account is an everyday bank account and a multi-currency travel card all in one. With the ability to have up to 10 currencies in the account, it's your one stop global banking solution that allows you to switch seamlessly between currencies and have complete control over your money no matter where you are. The Citi Global Currency Account has no monthly fees and no overseas ATM or transaction fees as long as you are withdrawing the same currency of the account.
Could there be more? You bet. The Global Currency Account was named a 2020 Mozo Expert Choice Award winner in the Exceptional Everyday Account category, which is in addition to the its best Foreign Currency Debit Card victory in the 2019 Mozo Experts Choice Travel Money awards.
Transactions have never been so easy with the Citi Global Currency Account. The Global Currency Account comes with a linked debit card that can be used in store, online and around the world. It can hold up to 10 currencies including AUD, USD, EUR, SGD, NZD, JPY, GBP, CAD, HKD and CHF.
The account has access to real-time exchange rates which are updated on the Citi mobile app every 10 seconds, meaning that you can exchange your money when rates are most favourable and convenient to you. There's also no foreign exchange fee on regular over the counter purchases - but keep in mind that if you're withdrawing cash from an ATM, in a currency not currently held in your account, you'll pay a 2.50% foreign exchange fee.
There is no account fee, no minimum opening balance, and unlike many standard everyday bank accounts you’ll have the ability to earn interest.
You’ll be looking at an interest rate of 0.90% for balances of $25,000 AUD and above or no interest for balances from $0 - $25,000.
As an added reward, you’ll also receive a free bottle of wine every time you pay with your Citibank Debit Card at any Citibank Dining Program partner restaurant.
The Global Currency Account has a minimum age requirement of 18 years and is best suited to global nomads or frequent travellers and are after a flexible personal bank account. For example, those who have family living abroad, have international investments, have overseas property or who make international purchases or transfers often. You must also have a valid email, mobile number and Australian residential address to open the account.
Keep in mind that if you already have a Citi debit card, you won't get a new one when you sign up for the Citi Global Currency Account. Instead you can link your existing card the your new account, just remember you'll need to do this via Citibank Online or the Citi Mobile App as it won't happen automatically.
If the Citi Global Currency Account is your first Citi account, you'll get a new debit card which is automatically linked to your Aussie dollar currency account.
Balances from $0: 0.00% p.a.
Balances from $25,000: 0.90% p.a.
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n/a
$0.00
n/a
Unlimited free transactions from network ATM, EFTPOS, cheque, phone, internet and linked Debit MasterCard purchases.
$0.00
Citibank
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
0%
$0.00 monthly
$0.00
$0.00
$1,000.00
no
yes
no
yes
yes
yes
yes
2.5% Overseas ATM fee when you withdraw money from an ATM and the currency withdrawn is different to the currency of the account. Interest only paid for funds in AUD.
Ability to exchange USD, GBP, EUR, HKD, CAD, JPY, NZD, SGD and CHF ahead of time and transact in that currency at the time of purchase.
none
none
none
$0.00
$0.00
0%
PayID, Samsung Pay
Good rates on currency conversion.
Read full reviewGood rates on currency conversion.
Great account for overseas travel. Competitive rates and minimal overseas currency fees.
Read full reviewGreat account for overseas travel. Competitive rates and minimal overseas currency fees.
Do not use this account if you are travelling!!!! In order to transfer money, convert money into another currency or do anything with this account you are required to enter a one time pin code that is awesome to your mobile. I lost my phone overseas. When I rang asking to change my mobile number I was told that it was impossible for me to do this unless I sent a letter (I could not do this via the phone or email) stating that I wished to change my phone number along with copies of my passport, birth certificate and drivers licence. This left me virtually unable to use my travel account whilst overseas. Very unhelpful customer service. The website also instructed me to call if I lost my phone and that someone would be able to assist me to change my number. This was a lie.
Read full reviewDo not use this account if you are travelling!!!! In order to transfer money, convert money into another currency or do anything with this account you are required to enter a one time pin code that is awesome to your mobile. I lost my phone overseas. When I rang asking to change my mobile number I was told that it was impossible for me to do this unless I sent a letter (I could not do this via the phone or email) stating that I wished to change my phone number along with copies of my passport, birth certificate and drivers licence. This left me virtually unable to use my travel account whilst overseas. Very unhelpful customer service. The website also instructed me to call if I lost my phone and that someone would be able to assist me to change my number. This was a lie.
Citi is a great bank. I would recommend it to others.
Read full reviewCiti is a great bank. I would recommend it to others.
Citi is the consumer banking arm of Citigroup, one of the world's biggest financial institutions. Citi was the first foreign bank to be granted a banking licence to operate in Australia. Citi is now the largest international bank in the country, serving millions of Australians with credit cards, mortgages, deposit accounts, charge cards and more.
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