NAB Waives Fees for "Grandfathered" ex Citi Accounts.

[oz_mark]

From what I can see, conversions will be done using the Visa rate.

 

[serfty]

From what I can see, conversions will be done using the Visa rate.

Seems to be the case ... for now ...

Personal banking fees

NAB's guide will help you answer all your questions about fees that may apply to our range of personal accounts & services.

www.nab.com.au

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Fees and charges applicable to your NAB Classic Banking account

Personal Banking Fees – A guide to fees and charges will apply to the NAB Classic Banking account from the Account Creation Date as follows:
• All fees listed in Personal Banking Fees – A Guide to fees and charges available at nab.com.au/fees apply except the table in Section 2 Services Fees, Account Related Services, which is replaced with the table below. This information may also be viewed at: nab.com.au/cititransaction

Overseas Access	NAB Visa Debit card
ATM cash withdrawal	Fee Waived
Balance enquiry	Fee Waived
International Transaction Fee International transactions refer to using your card overseas including overseas ATM cash withdrawals or, using your account in Australia but the goods or service provider (commonly referred to as a ‘merchant’), financial institution or entity processing the transaction is located outside Australia. • Single-currency international transaction: where the transaction is made in Australian dollars (AUD) • Multi-currency international transaction: where the transaction is made in a currency other than Australian dollars (AUD)	Fee Waived

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https://www.nab.com.au/content/dam/nabrwd/documents/terms-and-conditions/banking/citibank-plus-transaction-account-terms-and-conditions-variation-notice.pdf

 

[oz_mark]

Looks like 3% in fees ... $5 ATM Fee waived though ...

Personal banking fees

NAB's guide will help you answer all your questions about fees that may apply to our range of personal accounts & services.

www.nab.com.au

https://www.nab.com.au/content/dam/nabrwd/documents/terms-and-conditions/banking/citibank-plus-transaction-account-terms-and-conditions-variation-notice.pdf

I don't see that 3%

 

[serfty]

I don't see that 3%

There isn't ... 20 seconds later I realised I had not paged down ...

 

[Jacques Vert]

So, have they destoyed the value or haven't they?

 

[jakeseven7]

NAB is a vanilla average bank, was always going to happen.

 

[oz_mark]

So, have they destoyed the value or haven't they?

I can't see much - they have waived the fees that are mostly discussed. There is a change from Mastercard to Visa, and Visa often have a slightly worse rate, but aside from that, doesn't look like it.
In any case, there's a range of other cards that offer a similar fee structure

 

[yojohnny]

It's a pity the debit card cannot be used sans-ATM fee at Citibank ATMS overseas now.

 

[moa999]

A lot less Citi ATM these days. They've pretty much exited Asia.

 

[serfty]

A lot less Citi ATM these days. They've pretty much exited Asia.

I drew some money out in KL yesterday a a CIMB ATM - no ATM fees ...

 

[kpc]

I drew some money out in KL yesterday a a CIMB ATM - no fees ...

Noted for next month

 

[theblank]

I drew some money out in KL yesterday a a CIMB ATM - no ATM fees ...

thats got nothing to do with Citibank or not. most such ATMS are free for all.

 

[serfty]

thats got nothing to do with Citibank or not. most such ATMS are free for all.

Exactly. There are places where ATM fees are not common.

 

[SYD]

Exactly. There are places where ATM fees are not common.

Unfortunately fewer and fewer. The UK and some Euro countries being good exceptions. Usually, the more likely you need cash, the more likely the local ATM fees are higher…

 

[lahlee]

Has anyone else noticed the lack of detail being posted on internet banking/bank statement for international ATM withdrawals? All it shows is a figure in AUD, listed as a 'Miscellaneous debit', and a code showing which bank/ATM you used. The citibank account used to show much more detail, which made it easy to check exactly what you were being charged for.

NEW NAB statement info:

V6512 16/06 AG ANTIBES CENTR 06ANTIBES 74975464169. You paid $129.74. Transaction typeMiscellaneous Debit



OLD CITIBANK statement info:

INTERNATIONAL ATM WITHDRAWAL. $129.32
000000010600014 HA NOI
VN NOV 27,2023 204815 VND 2000000.00 INCL INTL TRAN FEE AUD0.00

 

[Ansett Nostalgic]

A lot less Citi ATM these days. They've pretty much exited Asia.

HK, Singapore, Malaysia, Japan still has them I believe.

 

[moa999]

Notification from NAB that general international CC fee rising from 3.0% to 3.5%.
Specific comment that doesn't apply to grandfathered ex Citi accounts.

 

[RooFlyer]

Notification from NAB that general international CC fee rising from 3.0% to 3.5%.

Doesn't apply to some - eg NAB Rewards Signature card. Intl fees abolished a couple of months ago.

 

[mel-world]

Notification from NAB that general international CC fee rising from 3.0% to 3.5%.
Specific comment that doesn't apply to grandfathered ex Citi accounts.

Could you tell me where you found this comment - I searched this morning and could not find any reference to this point anywhere. I guess I will find out when I head to Japan in a week.

 

[AIRwin]

Could you tell me where you found this comment - I searched this morning and could not find any reference to this point anywhere. I guess I will find out when I head to Japan in a week.