Citibank Plus everyday transaction account
This Citibank account charges no account keeping fees, no overseas ATM fees and no foreign transaction fees.
This is a convenient everyday transaction account if you like to travel or often send money overseas. Citibank charges no fees to withdraw cash from overseas ATMs, and no foreign transaction fees when using your debit card in-store while you're travelling.
Account keeping fee
ATM withdrawal fee
Overseas ATM withdrawal fee
Alison Banney is the banking and investments editor at Finder. She has written about finance for more than 8 years with her work featured on sites including Yahoo Finance, Money Magazine and Dynamic Business.
This transaction account is ideal for both day to day use here at home as well as when you’re travelling. It has no monthly account keeping fees and Citi charges no overseas ATM fees or international transaction fees either. Usually banks charge an international transaction fee of about 3% of the transaction value when a currency conversion is required, so not being charged this fee is a really big benefit of this account.
Keep in mind that the local ATM operator may still charge its own fee when you use an ATM overseas.
Another perk that not many people know about is all Citibank debit and credit card holders are eligible to get a free bottle of wine when eating out at select restaurants, thanks to Citibank’s Dining Program.
$0 Monthly account keeping fees
This account has no monthly account keeping fees, ever.
Free linked Debit Mastercard
The account comes with a linked Debit Mastercard that allows you to make purchases wherever Mastercard is accepted all around the world and online. The debit card has PayPass, so you can simply tap your card on the payment terminal without entering your PIN for purchases under $100.
Fee-free domestic ATM withdrawals
You can withdraw money from Citibank, Westpac Group, CommBank, NAB or ANZ branded ATMs in Australia with no withdrawal fees.
Fee-free international ATM withdrawal
There's no withdrawal fees for transactions made at Citibank ATMs overseas, but keep in mind that some third-party banks or ATM operators may charge their own fee. Check out this list of all the Citibank ATMs in the world if you're looking for an overseas ATM.
No international transaction fees
Citibank doesn't charge any international transaction fees when purchasing something overseas or shopping online from a non-Australian retailer website. This fee is usually charged when you conduct a transaction in a currency other than AUD, and could be as high as 3.5% of the transaction value.
Send money globally for free
You can make fee-free, instant money transfers to Citibank accounts in more than 20 countries. You can also receive money from overseas without any transaction fees. If you're sending money from your Citibank Plus everyday account to a non-Citibank account in another country, Citibank doesn't charge you a fee but the recipient bank may charge fees for the transfer.
24/7 access to account
You can access your account online via Internet banking, using phone banking or via Citibank's mobile banking app.
Free wine when you dine at eligible restaurants
If you dine at one of Citibank's Dining Program partner restaurants and pay using your Debit Mastercard, you'll receive a free bottle of wine.
Linked with a Citibank savings account
This is a non interest earning account, but you do have the option of linking up to three separate savings accounts from Citibank. This allows you to easily transfer money into your savings.
Personal use only
This account is intended only for personal use, not to be used by a business.
How to apply
Before beginning, check the following eligibility requirements to ensure that Citibank will accept your application:
- Your current age. Only individuals who are 18 years of age or older will be considered for the Citibank Plus Everyday Account.
- Where you live. You must have a valid Australian residential address in order for your application to be processed.
- Personal use only. You must be setting up this account for personal use only. While it can be a joint account, it cannot be used for businesses, partnerships, trusts, companies or DIY Super Funds.
Make sure you have the following handy before you apply.
- Identification documents. You are going to need at least two forms of ID when filling out the application. These can include an Australian driver's licence, Medicare card or passport.
- Tax File Number (TFN). Australians are not required to provide a TFN, but if you do not, Citibank will deduct any applicable taxes at the top marginal rate.
- Joint applicant information. If applying jointly you will need all of the same information for the additional applicant.
What happens after I submit my application?
If you have all of your information readily available, filling out the application should take no more than five minutes. Once submitted, Citibank will issue you an account number. Within five business days you should receive a welcome pack from Citibank which will have your Debit Mastercard inside.