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Citi Global Currency Account

Account fee
$0.00
Payment options
PayID, Samsung Pay
Interest rate
0% p.a.
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Mozo editorial review Citi Global Currency Account

Last updated: 8 July 2020.

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What's hot
  • A bank account for 10 currencies in the one place
  • Up to 1.15% p.a. interest on your AUD balance
  • 2020 Mozo Experts Choice Award winner
What's not
  • 2.50% foreign exchange fee if you withdraw cash from an ATM in a currency not in your account
Mozo snapshot

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. 

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Key features

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 1.15% 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.

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Who is it good for

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.

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Any catches

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.

Details

Rates and fees information correct as at 14 July 2020. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • Balances from $0: 0.00% p.a.
    Balances from $25,000: 1.15% p.a.

  • n/a

  • n/a

Fees
  • $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

Other financial bits
  • $0.00

  • $0.00

Features
  • $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.

Atm card
  • none

  • none

  • none

Debit card
  • $0.00

  • $0.00

  • 0%

Payment options

PayID, Samsung Pay

Customer Reviews

How are Citi bank accounts rated by the Mozo community?

Overall customer rating
6.7/10
Price
7.2/10
Features
6.7/10
Customer service
6.4/10
Convenience
6.0/10
Trust
6.8/10

Latest reviews of Citi Global Currency Account

  • Overall 6/10
    Not many physical branches but good remote service

    Good rates on currency conversion.

    Read full review

    Good rates on currency conversion.

    Price
    7/10
    Features
    6/10
    Customer service
    8/10
    Convenience
    6/10
    Trust
    8/10
    Less
    Patrick, South Australia reviewed 20 days ago
  • Overall 6/10
    Great account for overseas travel.

    Great account for overseas travel. Competitive rates and minimal overseas currency fees.

    Read full review

    Great account for overseas travel. Competitive rates and minimal overseas currency fees.

    Price
    7/10
    Features
    7/10
    Customer service
    7/10
    Convenience
    5/10
    Trust
    5/10
    Less
    Ana, Queensland reviewed 5 months ago
  • Overall 1/10
    Do not use as a travel account!!!

    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 review

    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.

    Price
    6/10
    Features
    1/10
    Customer service
    0/10
    Convenience
    0/10
    Trust
    0/10
    Less
    Rae, Western Australia reviewed 5 months ago
  • Overall 10/10
    Great bank

    Citi is a great bank. I would recommend it to others.

    Read full review

    Citi is a great bank. I would recommend it to others.

    Price
    -1/10
    Features
    10/10
    Customer service
    10/10
    Convenience
    10/10
    Trust
    10/10
    Less
    Debra, Queensland reviewed over 1 year ago
Citi

About Citi

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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