Citibank Plus - No Fee No Overseas Transaction Fee Account

[ferni]

Thanks guys, will definitely look into it when I move to Canada in 2015.




That is surely wrong (no surprises that a Citi CSA might not really know the truth). I'm pretty sure the card has no forex fees for purchases or cash withdrawals.

That was my first thought and so i confirmed it back with her that I wouldn't be charged any fees for withdrawals but would for purchase and she said yes. Like you say who knows if that's just Citi CSA.... I might have to test it myself and see what shows up.... if there is a 2.5% charge then I may as well use my Citibank Sig and get 4PPD.

 

[ferni]

I just called Citi to get them to note on my Citibank Plus debit card that I'm heading overseas and they warned me that using the CitibankPlus Debit card for CC purchases will incur a 2.5% fee but using it at an ATM to withdraw cash won't... the 2nd part I know as it's why we all have this account... but I was surprised to learn about the first part - do they really charge 2.5% transaction fee if I use it to for purchases overseas? If so that answers my original question about why have the 29deg as well?

Based on their PDF the CSA was wrong...

http://www.citibank.com.au/global_docs/pdf/Feesandcharges.pdf

Local & International Payments and Foreign Currency Services5 (Excludes Citibank Plus Transaction Accounts)
Fees Amount When is the fee charged?
Citibank Visa Debit Card / Citibank Debit Card – overseas transactions5
International Transaction Fee 2.50%6 Charged for all overseas ATM and electronic point-of-sale transactions made in a foreign currency using your Citi
Visa Debit / Citi Debit Card. For Citi Visa Debit transactions, this amount includes a 1% service and assessment
fee payable by Citibank to Visa.

 

[Programme]

do they really charge 2.5% transaction fee if I use it to for purchases overseas?

Welcome to Citibank customer service! The rep is wrong, there are no fees for overseas purchases either - I have used the card that way personally.

 

[eltango]

I have been look at one of these, and their site doesn't seem say much about spot rate, overseas withdrawals. Have the T&Cs changed?

 

[shifty]

I just called Citi to get them to note on my Citibank Plus debit card that I'm heading overseas and they warned me that using the CitibankPlus Debit card for CC purchases will incur a 2.5% fee but using it at an ATM to withdraw cash won't... the 2nd part I know as it's why we all have this account... but I was surprised to learn about the first part - do they really charge 2.5% transaction fee if I use it to for purchases overseas? If so that answers my original question about why have the 29deg as well?

Nothing has changed. There are no fees on this account type/ debit card at all. Used it in Singapore last week for ATM and CC purchases.

Also free international transfers rocks as well!

 

[Chicken]

I have been look at one of these, and their site doesn't seem say much about spot rate, overseas withdrawals. Have the T&Cs changed?

Nothing has changed. PDS and fees are all on bottom of product page.

 

[eltango]

Thanks Shifty and Chicken!

 

[Danger]

Re: Citibank Everyday Plus - Free overseas ATM withdrawals!

I'm having no luck finding an ATM in coughet that doesn't charge THB150 (~AUD5) for each withdrawel.

 

[big_head]

Any news on when this card will get a chip and be paywave capable?

 

[greenfrog86]

Any news on when this card will get a chip and be paywave capable?

Cit replied to someone on twitter saying debit cards will get these features in 2014...

 

[jlien]

Does anyone know if citibank are able to link their plus account onto a citibank credit card?

 

[thehound]

Does anyone know if citibank are able to link their plus account onto a citibank credit card?

Not sure what you mean by 'link', but my Plus accounts show up when I log in to internet banking, alongside my credit cards.

 

[lovetravellingoz]

Does anyone know if citibank are able to link their plus account onto a citibank credit card?

If you have a Plus account Citibank state on their website to link you CC to it and not vice versa.

 

[Chicken]

Does anyone know if citibank are able to link their plus account onto a citibank credit card?

I asked them via messaging in Internet banking, and their answer is no. You cannot have your plus account linked to your Citibank credit card as SAV button.

 

[zan5hin]

I received an email an hour ago from Citibank and from a quick look, from what I understand, there is going to be a 2.5% transaction fee for all overseas ATM withdrawals from the beginning of March. Am I reading this correctly? Is our precious cards no longer free of fees? /sob

 

[markis10]

I received an email an hour ago from Citibank and from a quick look, from what I understand, there is going to be a 2.5% transaction fee for all overseas ATM withdrawals from the beginning of March. Am I reading this correctly? Is our precious cards no longer free of fees? /sob

You can stop crying, page 24 specifically says it's excluded from the fee.

 

[Isochronous]

But doing a direct deposit to an account with a different bank in Australia gets a $10 fee? They cannot be serious...I guess I'll just send everyone cheques again!

 

[markis10]

But doing a direct deposit to an account with a different bank in Australia gets a $10 fee? They cannot be serious...I guess I'll just send everyone cheques again!

Again, not applicable for the plus product.

 

[Chicken]

But doing a direct deposit to an account with a different bank in Australia gets a $10 fee? They cannot be serious...I guess I'll just send everyone cheques again!

It is not a direct credit as most people know. It's RTGS.

 

[LordGarlic]

You can stop crying, page 24 specifically says it's excluded from the fee.

Page 24 says 2.5%???