Citibank Plus - No Fee No Overseas Transaction Fee Account

[MEL_Traveller]

I worked at an organization where nearly all customers were outside of Australia, and this happened all the time, we would just write off and balance their accounts out. It is very difficult for the customer to predict how much would be lost during the process, and for something like 25 € , like as if, you are not even going to bother with chasing or following up, it's not worth the effort; but that was international trade, so the dollar value was much higher.

Having said that, you sent to the Netherlands, surely Citi would have local settlement in the Netherlands, won't need to go via intermediary bank? Let's start praying!

The only problem is that a €20 fee on a €60 purchase would be substantial!

I'll update once I know once the company comes back to confirm payment.

 

[Flashback]

Would Revolut have been any better? I think they're in Australia now so you can open an account. Allows you to convert in app to EUR and then pay from a EUR account IIRC.

 

[Chicken]

Would Revolut have been any better? I think they're in Australia now so you can open an account. Allows you to convert in app to EUR and then pay from a EUR account IIRC.

Haven't heard of them nor used them, maybe off topic for this, but could ask in a separate thread?

 

[albyd]

I’ve used Revolut & it works very well for foreign transfers directly to bank account. UK transfers take only hours to show up which I was impressed with. The FX rate is the spot rate (I compared against the live spot rate when I was doing my conversion) so I’m pretty happy with the service.

 

[MEL_Traveller]

Just to update that my IBAN transaction went through perfectly. If there were fees at the receiving bank the company didn't mention them to me!

 

[Mattg]

I recently returned from an overseas trip where I used my Citibank Plus card extensively to withdraw money at ATMs. This card still works relatively well.

I was able to find fee-free ATMs in each of the European countries I visited, although Slovenia was challenging - the only bank I found that didn't add an ATM operator fee in Slovenia was UniCredit Bank.

I could not find any ATM operators in Canada that wouldn't charge a withdrawal fee. I ended up taking cash out from a Desjardins ATM because they seemed to have the lowest fee at CAD2. That was the only ATM fee I paid on the entire 4+ month trip.

 

[PLANT]

I thought Citi reimburse fees... I don't remember fees charged in Canada either west or east coast when there 2014?

 

[Flashback]

I thought Citi reimburse fees... I don't remember fees charged in Canada either west or east coast when there 2014?

Fee free ATMs are few and far between in Canada, I was able to find 1 when I was there I think but that was about 4 or so years ago.

 

[MEL_Traveller]

I thought Citi reimburse fees... I don't remember fees charged in Canada either west or east coast when there 2014?

I think it’s ING that routinely reimburses fees? There are some places where Citi is not free, or very hard to find free… like thailand where there are only two or three Citi ATMs in the whole country… if you don’t use those you have to pay the tourist tax.

 

[EestiTiger]

On tour at the moment and it still seems to be holding up. The covid blessing is most places are more than happy to use contactless payment so not the usual need for cash. Well, in Euroland anyway

 

[OZDUCK]

On tour at the moment and it still seems to be holding up. The covid blessing is most places are more than happy to use contactless payment so not the usual need for cash. Well, in Euroland anyway

We will be in Germany & the Czech Republic in August/September and were wondering about just this thing. Though I do recall someone on here recently saying that in Austria & southern(?) Germany cash still seems to be king. I wonder if the smaller supermarkets REWE, SPAR etc will accept 'normal' cards these days or just the locally issued card?

 

[Mattg]

I wonder if the smaller supermarkets REWE, SPAR etc will accept 'normal' cards these days or just the locally issued card?

Nope, still just local EC/debit cards

 

[Mattg]

No new applications for this account after 20 May 2023.

 

[imipenam]

No new applications for this account after 20 May 2023.

View attachment 316495

Wow I hope NAB will still honour the T&Cs

 

[oz_mark]

Wow I hope NAB will still honour the T&Cs

products are removed from sale all the time. If something changes in the T&Cs for exisiting customers, you'll be notified. Until then, business as usual for the account.

 

[burmans]

Wow I hope NAB will still honour the T&Cs

The usual pattern would be to first shutdown the product to new customers, after some time attempt to move existing holders to another product (perhaps with an incentive), and then even later close the product. Changing the T&C's is a bit of a pain, so usually only happens if they want to keep offering the product.

 

[Cynicor]

Yep; I feel we have a couple of years at least left in this one. And since it came out so many similar products exist. It would be smarter for nab to create this as a new product line under nab branding eventually.

 

[daft009]

Yep; I feel we have a couple of years at least left in this one. And since it came out so many similar products exist. It would be smarter for nab to create this as a new product line under nab branding eventually.

What are the alternatives please?

Perhaps something to bookmark for future

 

[asterix]

What are the alternatives please?

Perhaps something to bookmark for future

Ubank, Up, GSB, HSBC, pretty sure Suncorp have an account too.

 

[Cynicor]

Bankwest, mac bank too