National Australia Bank Limited ('NAB') has entered into an agreement with Citigroup to acquire the Citi consumer banking business in Australia subject to regulatory approval. We're expecting the transfer to take place on 1 June 2022. Visit our FAQs for more information.
From a global leader1 in foreign exchange comes the all-in-one Citi Global Currency Account. Spend, send and receive a world of currencies instantly - giving you the freedom to pay like a local, even when you aren't.
All-in-one global deposit solution
Consolidate your international deposit accounts into one place, with account details for up to 10 currencies.
Instantly exchange currencies
Switch currencies on the go via the Citi Mobile® App to pay like a local when overseas, or to take advantage of currency movements.
Send and receive foreign currency
Receive money from friends, family or overseas investments (such as rent from a property) in 10 currencies and hold it until you wish to exchange it.
Earn 0.70% interest
If you have at least $25,000 in your Australian Dollar account, you’ll earn 0.70% p.a. interest, with no withdrawal fees, and interest paid monthly.
Does the Citi Global Currency Account have any fees?
Is there a monthly service fee or minimum balance required?
No, there isn't a monthly account keeping fee or a minimum balance required.
Are there any ATM fees?
No, Citi won’t charge any fees, but the ATM operator you use may.
Are there any fees when sending money (Australia or overseas)?
No, Citi won’t charge any fees, but the bank that's receiving the money may.
Are there any fees when receiving money (Australia or overseas)?
No, Citi won’t charge any fees, but the bank that's sending the money may.
Are there any fees when making overseas purchases?
No, there are no foreign transaction fees on this account.
Is there a fee for closing my account?
No, but we’d be sad to see you go.
Note: if an account is closed with a balance of less than $5 AUD (or equivalent in another currency), the credit balance will not be returned to you. Refer to your account Terms and Conditions for more information.
Is there a fee if my account is overdrawn?
No, but you will not be able to make more purchases until a positive balance is restored.
Do I earn interest on the account?
Yes, you can earn interest on your Australian dollar currency account based on the account balance.
Whether it's for work, leisure or family we all find ourselves dealing with foreign currencies at some point. By understanding why currencies change in value you will be able to better determine when to buy or sell currencies, and that knowledge can save you thousands of dollars.
1. Global Corporate Foreign Exchange Market Share Leader, 2017 Greenwich Leaders: Global Foreign Exchange Services Report.
2. Additional fees may apply from other financial institutions.
Any advice is general advice only. It was prepared without taking into account your objectives, financial situation, or needs. Before acting on this advice you should consider if it's appropriate for your particular circumstances. Details on our dispute resolution system and full details of the terms and conditions are available by calling 13 24 84 or at citibank.com.au.