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Citi Global Currency Account

Advertiser disclosure
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: 11 February 2021.

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What's hot
  • A bank account for 10 currencies in the one place
  • Up to 0.75% p.a. interest on your AUD balance
  • 2021 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 2021 Mozo Expert Choice Award winner in the Exceptional Everyday Account category, which is in addition to multiple wins in our Travel Money awards over the years. 

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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 0.75% 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 April 2021. 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: 0.75% 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

  • 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
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

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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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