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Citi Global Currency Account

Alison Banney
Alison Banney
Last updated:  

Hold up to 10 currencies in this account with one linked debit card, and receive foreign currencies for free.

The Citi Global Currency Account is an everyday transaction account, multi-currency account and travel debit card in one. You can hold up to 10 different currencies in the account, and withdraw the correct local currency from international ATMs with no withdrawal fee.
Read on to learn more about the impressive list of features this account offers.

$0

Account keeping fee

$0

ATM withdrawal fee

$0

Overseas ATM withdrawal fee

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Details

Product NameCiti Global Currency Account
Monthly account fee$0
Card accessMastercard
ATM Withdrawal Fee$0
Monthly deposit required to waive account feeN/A
Contactless paymentsSamsung Pay
Go to siteMore info

Expert review

Alison Banney

Review by

Alison Banney is the banking and investments editor at Finder. She has written about finance for over six years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.

Expert review

This is a mix between an everyday transaction account and multi currency account, so it’s suited to customers who travel overseas a lot or regular send and receive money internationally.

You can hold 10 different currencies in the account, and switch between each depending on where you are in the world.

You’ll also receive individual account details for the foreign currencies held in the account, allowing you to receive money in foreign currencies from the one account. This is super handy if, for example, you're paid in another currency or you receive regular payments from overseas.

Key features

Hold up to 10 currencies

You can hold up to 10 different currencies in the one account, including AUD, USD, EUR, SGD, NZD, JPY GBP, CAD, HKD and CHF. You can load your account with these currencies when the exchange rate is in your favour.

Receive international bank account details

You'll receive individual bank account details for up to 10 currencies held in the account, so you can receive money in those currencies. It's like having a local bank account in those countries.

Linked Citibank debit card

This account comes with a linked debit card which you can use in-store or online all around the world. Although you can have up to 10 different bank account details, it's all linked to the one debit card.

Use for everyday spending in Australia

This account isn't just for international business and travel. You can also use it as your regular everyday transaction account in Australia. Use the linked debit card to make daily purchases in store or online, or pay your bills as you would with a standard bank account.

Use your debit card to pay like a local overseas

Simply set your default transaction currency to the local currency in the country you're in, and use your debit card like a local with no foreign exchange fees. Make sure you remember to set your correct default currency via the Citi mobile app.

No international ATM fees

Because you already have the foreign currency in your account, when you're in a country that uses that currency you can withdraw money at ATMs with no fees. However, make sure your debit card is linked to the correct currency before using the ATM, otherwise a 2.5% foreign exchange fee applies.

How to apply

Eligibility to apply

  • Minimum age. The minimum age requirement for this account is 18 years of age.
  • Residency requirement. In order to be eligible for this account, you must have an Australian residential address.
  • Personal use only. This account if for personal use only and is not available for business applicants.
Go to siteMore info

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20 Comments

  1. Default Gravatar
    cathy
    September 2, 2019

    Can a business use this account?

    Reply
    • Avatarfinder Customer Care
      Jhez
      September 2, 2019

      Hello Cathy,

      Thank you for your comment.

      I am sorry to inform you that the Citi Global Currency Account is for personal use only and is not available for business use. Alternatively, you may see our page about business bank accounts here.

      Before applying, please ensure that you meet all the eligibility criteria and read through the details of the needed requirements as well as the relevant Product Disclosure Statements/Terms and Conditions when comparing your options before making a decision on whether it is right for you.

      Regards,
      Jhezelyn

      Reply
  2. Default Gravatar
    Frank
    August 23, 2019

    If one uses the AUD account in the Citi Global Currency Account card in South East Asia:
    1) Can one withdraw AUD from a selected Citi bank branch in SE Asia?
    2) If so, are their any costs and/or fees involved
    3) Is there a limit on daily AUD withdrawals
    4) Does the card provide for swipe/pin withdrawals

    Reply
    • Default Gravatar
      Nikki
      August 23, 2019

      Hi Frank,

      Thanks for getting in touch! Please see responses to your questions below:

      Can one withdraw AUD from a selected Citi bank branch in SE Asia? If so, are there any costs and/or fees involved
      No, the card will only dispense the local currency of the country you are in.

      Is there a limit on daily AUD withdrawals?

      The default limit is $1000 AUD. But you may request to increase your combined ATM withdrawal and EFTPOS limit to $3000 per day. Note that for the fees, no service fees are charged for using Citi-branded ATMs. Other banks may charge you for using their facility.

      Does the card provide for swipe/pin withdrawals?

      Yes, you can use it for EFTPOS/in-store as well as online purchases. ATM withdrawal will be by inserting the card and entering an ATM PIN.

      Hope this helps!

      Best,
      Nikki

      Reply
  3. Default Gravatar
    Paul
    June 26, 2019

    Re Citi Global Currency .What percentage rate is charged for overseas atm cash withdrawal from currency not listed on card

    Reply
    • Default Gravatar
      Nikki
      June 26, 2019

      Hi Paul,

      Thanks for your question.

      Please note that a foreign exchange fee of 2.5%, will apply if you withdraw money from an ATM and the currency withdrawn is different from the currency of the account. Any fees will be applied when the transaction is completed and will include any additional ATM operator fees and charges that may apply.

      Hope this helps! For any further questions, feel free to reach out to us again, we’re here to help.

      Best,
      Nikki

      Reply
  4. Default Gravatar
    Jack
    June 20, 2019

    Can I open a Citi Global Currency Account under a company (Pty Ltd) name?

    Thanks.

    Reply
    • Default Gravatar
      Nikki
      June 20, 2019

      Hey Jack,

      Thanks for your question.

      It’s helpful to know that The Citi Global Currency Account is for personal use only and is not available for business applicants. You can refer to this page for business bank accounts.

      As a friendly reminder, review the eligibility criteria of the product and read up on the terms and conditions before applying. Feel free to reach out to the bank if you have clarifications.

      Hope this was helpful. Don’t hesitate to message us back if you have more questions.

      With care,
      Nikki

      Reply
  5. Default Gravatar
    Anita
    April 1, 2019

    Hi – On the Citi Global Transaction account it states that there are no overseas ATM charges. Does this mean I can withdraw funds from any overseas bank ATM or do I have to look for Citibank ATMs in the foreign country

    Reply
    • Default Gravatar
      Nikki
      April 2, 2019

      Hi Anita,

      Thanks for getting in touch! The Citi Global Transaction account explains that they don’t charge any ATM withdrawal fees if you withdraw from an ATM other than Citibank – however, non-Citibank ATMs will charge you a fee for withdrawing from them. Hope this clarifies!

      Best,
      Nikki

      Reply
  6. Default Gravatar
    Kylie
    March 3, 2019

    My daughter (18) is travelling through Europe. Is there a minimum deposit with this account? How many & how convenient are the Citi ATM’s and how do I find where they are? Can she select any 10 countries of her choosing?

    Thank you.

    Reply
    • Avatarfinder Customer Care
      Jeni
      March 4, 2019

      Hi Kylie,

      Thank you for getting in touch with Finder.

      There’s no minimum deposit amount on this Citi Global Currency account. You may check Citi’s ATM locator website to find out the nearest Citi ATM. Yes, your daughter may choose the currency she wishes to load up this Citi Global Currency account.

      I hope this helps.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

      Reply
  7. Default Gravatar
    Emily
    November 7, 2018

    If I have linked my debit card to US currency. How do I know which account will be debited while in USA if paying by card in a store?

    Reply
    • Default Gravatar
      Nikki
      November 9, 2018

      Hi Emily,

      Thanks for reaching out. You can download the Citi mobile app on your phone. As it says on the information above, you can manage your money on the go and keep track of your transactions using the Citi mobile app. Use the app to instantly switch between transaction currencies when you’re hopping between countries.

      Hope this helps! Feel free to email back if you have any questions, we’re on standby!

      Cheers,
      Nikki

      Reply
  8. Default Gravatar
    Robert
    October 14, 2018

    Can this account be set up as a joint account and what is the interest rate for balances below $100, 000.00?

    Reply
    • Avatarfinder Customer Care
      Jhez
      October 16, 2018

      Hello Robert,

      Thank you for your comment.

      The interest rate for balances below $100,000 is at 1.00% p.a. and the Citi Global Currency Account is not set up for joint account.

      Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.

      Regards,
      Jhezelyn

      Reply
  9. Default Gravatar
    Carlo
    September 25, 2018

    I have a small business that invoices and get paid in various currencies with an expected turnover in the $300,000 range. Is there a “Business” account that can be used for multiple currencies with a small turnover?

    Thanks,

    Carlo

    Reply
    • Avatarfinder Customer Care
      Joshua
      September 30, 2018

      Hi Carlo,

      Thanks for getting in touch with finder. I hope all is well with you. :)

      We currently don’t have a specific list of business accounts with various currencies. However, we do have a list of multi-currency accounts that you can still use for business. Please go to this page. On that page, you will see a table that allows you to conveniently compare your options. Once you found the right one for you, click on the “Go to site” green button to learn more or initiate your application.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

      Reply
  10. Default Gravatar
    johnny
    September 22, 2018

    With the global currency account what are the monthly fees? Also what fees are occurred if I want to send GBP to a UK bank at some point. HSBC charge 0.25% for currency leaving the country.

    Reply
    • Avatarfinder Customer Care
      Jeni
      September 23, 2018

      Hi Johnny,

      Thank you for getting in touch with finder.

      There is no monthly fee with the Global Currency account. Funds transfer facility is fee free for the Global Currency Account. However, some banks need an intermediary bank to process wire transfers, and this will result in an additional charge. An intermediary bank is required when sending a payment in a currency that is not the domestic currency for the destination country. Therefore, it shows that Citibank has no control over other financial institutions, their fees and charges or any government legislation or controls that may create costs for your transaction or those financial institutions or regulate the way in which they operate.

      As a friendly reminder, we don’t represent any company that we feature on our pages. I suggest that you contact Citibank directly for any account-specific enquiry.

      I hope this helps.

      Please feel free to reach out to us if you have any other enquiries.

      Thank you and have a wonderful day!

      Cheers,
      Jeni

      Reply
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