Citibank Plus - No Fee No Overseas Transaction Fee Account

[greenfrog86]

Just to proof a point, I shall make another transfer of Euro 55.

Prove a point to who?

 

[here2go]

AFFable people and Citibank Plus users

I'm about to transfer money using Citibank Plus to an account in Japan. Japan seems to be a bit of a backwater when it comes to FCUR (as is Australia in the absence of IBAN), and the one-size fits all for FCUR on the Citibank website with little validation doesn't help.

Can the good people here who are practiced in the dark arts of Citibank FCUR pls check the details I have entered, and confirm they match the payee's provided details? I could pay with Credit Card with higher fees (but saving time), however the challenge of paying via transfer and learning something new is always exciting.

Bank : Hokuyo Bank (North Pacific Bank)
Account Name :SKI JAPAN TRAVEL
Account Type : Ordinary
Branch : Kutchan
Branch No. : 015
Account No.: 351****
Swift Code : NORPJPJP


Details I've entered on Citibank

 

[Chicken]

I forgot how I did it, but isn't there a number for SWIFT code?

 

[here2go]

I forgot how I did it, but isn't there a number for SWIFT code?

This is all you get for filling in Forex bank details. Just a tad annoying. I would have thought there would be country based validations. SWIFTs should be there, along with an API to validate them!

 

[here2go]

This is all you get for filling in Forex bank details. Just a tad annoying. I would have thought there would be country based validations. SWIFTs should be there, along with an API to validate them!
View attachment 19432

I've done a bit more digging around. The SWIFT is now called BIC. It can be used to identify the branch, but in this case, the Bank has one SWIFT after checking here: SWIFT - SWIFT - Online Directories and downloads

As per normal, nomenclature has caused a problem here, although I would like to see validation and improved data quality! Will be giving the feedback to Citibank.

 

[Chicken]

Depends on country, it is / was IBAN or SWIFT.

I don't think I've seen many banks with data validation on Internet banking, as there are too many banks around the world, with different address formats. Not even OzForex.

So you really really need to be 100% sure the IBAN or SWIFT of the receiving bank. I always check their web site, or ask the receiving to provide one.

Some examples:Suncorp SWIFT code
Bank of America

 

[here2go]

Depends on country, it is / was IBAN or SWIFT.

I don't think I've seen many banks with data validation on Internet banking, as there are too many banks around the world, with different address formats. Not even OzForex.

So you really really need to be 100% sure the IBAN or SWIFT of the receiving bank. I always check their web site, or ask the receiving to provide one.

Some examples:Suncorp SWIFT code
Bank of America

The SWIFT BIC checker will validate details, and will give the the BIC (the old SWIFT Code) to confirm details, but as you said - always check. It intrigues me that it is still do arcane this process for everywhere bar the EU, which follows ISO standards, and as a result IBAN has become mandatory. I know for the SAP Instance I used to manage, getting the IBAN settings right was a big deal, as we'd be hit $25 by Citibank for every transaction without IBAN to Europe as it required more work at the bank. Maybe the banks are fighting it, as with IBAN, forex fees do not need to be so big (indeed they are flat across Europe), so perhaps banks are the biggest self-licking ice creams hindering global commerce.

 

[Chicken]

perhaps banks are the biggest self-licking ice creams hindering global commerce.

Things like these do require massive effort in order to create standards, and that's the good thing with the EU (except the poms, always have to be different, right hand drive, UK power plugs, etc).

Forget IBAN or SWIFT code. Can you image if the whole world uses the same power plug? We won't have to carry so many adapters, and factories will just make one plug one socket one cable. If McDonalds can make Big Mag look and taste the same regardless if you are in Australia or Iceland or Russia or Africa, I always thought this power socket is some sort of a sick joke, because I cannot think of anyone coming out and say it's a bad thing for the whole world to use the same power plugs. Not consumers, and not industries.

Australian banks are not too bad. Think about it. To move money anywhere in Australia, all you need is BSB and account number, via internet banking, at average 10c per pop, and free for retail bank customers. It cannot get any cheaper and simpler than than. Try doing that in USA or Canada or Hong Kong.

 

[Cynicor]

Things like these do require massive effort in order to create standards, and that's the good thing with the EU (except the poms, always have to be different, right hand drive, UK power plugs, etc).

Forget IBAN or SWIFT code. Can you image if the whole world uses the same power plug? We won't have to carry so many adapters, and factories will just make one plug one socket one cable. If McDonalds can make Big Mag look and taste the same regardless if you are in Australia or Iceland or Russia or Africa, I always thought this power socket is some sort of a sick joke, because I cannot think of anyone coming out and say it's a bad thing for the whole world to use the same power plugs. Not consumers, and not industries.

Australian banks are not too bad. Think about it. To move money anywhere in Australia, all you need is BSB and account number, via internet banking, at average 10c per pop, and free for retail bank customers. It cannot get any cheaper and simpler than than. Try doing that in USA or Canada or Hong Kong.

I was under the impression that power plugs being different across the world was partly a safety thing, esp with the 110/240v thing? No idea, that just what I seem to think.

 

[Chicken]

I was under the impression that power plugs being different across the world was partly a safety thing, esp with the 110/240v thing? No idea, that just what I seem to think.

Not really. The fact that the UK plugs have fat legs do allow a greater contact surface, hence safer in theory; but we do 220V in Australia and we have paper thin legs, and you don't really see problems except construction faults. We should simply use the best design and stick with it e.g. UK legs.

Back to Citi. I am sure they don't make that much when the exchange rate for TT is so good, and they are human operations.

 

[shearsense]

Can anybody tell me what the Billpay code is for making payments into a Citibank Plus account?

Their website lists them for Credit Cards - 49502, Mortgages - 49510, Personal Loan - 49593, ReadyCredit /dine/rs Club Credit Line - 49528, Personal Credit - 49726, Business Credit - 49734. But not specifically Citibank Plus.

 

[DeKa]

Can anybody tell me what the Billpay code is for making payments into a Citibank Plus account?

Their website lists them for Credit Cards - 49502, Mortgages - 49510, Personal Loan - 49593, ReadyCredit /dine/rs Club Credit Line - 49528, Personal Credit - 49726, Business Credit - 49734. But not specifically Citibank Plus.

There isn't one as it's just a standard bank account. Get they BSB and Account number and transfer.

 

[shearsense]

Okey dokey. I was thinking I would add credit that same way I do with 28 degrees MC (i.e. by online BPAY), so I'll try BSB and account number instead. Thanks

 

[here2go]

I've made my first FOREX payment through Citibank to Niseko Base Sports in Niseko, Japan. I must admit, I'm not happy. Citibank Australia haven't charged - happy. North Pacific Bank charged their ¥1500 - known in advanced and advised by NBS. Cool. However, there is a random ¥1000 that has appeared that the receiving party were stunned by. Is there anybody here that speaks Bank Forex that can work out who charged the ¥1000? Was it Citi Japan, North Pacific, or a random?

 

[Chicken]

I've used Citibank for international TT, and haven't been charged any fee extra. It is always the receiving bank charging a free for inward transfers.

 

[mattj]

Hey all,

Just wondering if this card is still no fees for withdrawals overseas at ATMs? I'm travelling to UK in Dec and previously have used the nab gold visa debit, but not since they stopped offering the fee-free withdrawals.

its not obvious on the citi bank website.

Thanks

 

[markis10]

There are no fees for withdraws at ATMs (use Citi to avoid an operator fees).

 

[JessicaTam]

Re: Citibank Everyday Plus - Free overseas ATM withdrawals!

*bump*

I applied for the Citibank Plus account this afternoon and have noticed a couple of anomalies.

1. My profession is listed with a gender specific reference (and not mine!) so I had to use 'Supervisor' to complete the form. I have emailed them and asked that they update their list with a stern message about gender neutrality.

2. It would not allow a PO Box as the mailing address without convoluting the address (e.g.. 999 999 Box Melbourne 3000)

Not impressed Citibank.

 

[kpc]

Re: Citibank Everyday Plus - Free overseas ATM withdrawals!

This is my "go to" card now for overseas cash withdrawals; I use the 28 degrees MC for foreign credit card transactions....for some reason Citibank offered me 10000 QF points to open this account last year, and what is the saying "Don't look a gift horse in the mouth"?

Currently, withdrawing Euros using this card in multiples of 650 @ a rate slightly better than 0.70

 

[trippin_the_rift]

Re: Citibank Everyday Plus - Free overseas ATM withdrawals!

Does anyone know of a citibank atm in Australia that allows withdrawals of other currencies?