Citibank Plus - No Fee No Overseas Transaction Fee Account

[serfty]

...
Will there be additional charges as a result of this change?


No. The fees and charges for your account remain the same.

But....
International Transaction Fee 2.50%
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. This fee will be charged as a percentage of your withdrawal amount. ...

Hmmm - that's rather contradictory isn't it.

Though it does mention "Visa" and as we know there's no 2½% currently being charged.

 

[kallinch]

I've called up Citi and the rep didn't definitively know the answer / will call me back in two days.

I think the next best alternative is Macquarie Bank Debit card...

 

[exceladdict]

Any advice on using this card in Indonesia (Bali - Canggu)? Was planning on using this for cashout, but haven't been to Bali in a while and can't remember if ATMs are abundant or inexistent

 

[gregff]

The new replacement table in the "Schedule of Fees and Charges for all banking products" at Citi Australia does not seem to have "Excludes Citibank Plus Transaction Account and Citibank Online Saver" in the title (unlike the original - now replaced table), so I do fear the worst....

 

[oz_mark]

The new replacement table in the "Schedule of Fees and Charges for all banking products" at Citi Australia does not seem to have "Excludes Citibank Plus Transaction Account and Citibank Online Saver" in the title (unlike the original - now replaced table), so I do fear the worst....

They are not replacing the table - just one entry in the table.

 

[Mr_Orange]

I've called up Citi and the rep didn't definitively know the answer / will call me back in two days.

I think the next best alternative is Macquarie Bank Debit card...

This provides fee free debit card transactions overseas but you get whacked with a $5 charge for ATM withdrawals overseas. See: Macquarie | Transaction and savings accounts fees, limits and lodgement times.

 

[serfty]

They are not replacing the table - just one entry in the table.

Seems to be a very crucial entry:

[TABLE="class: grid"] [TR] [TD="colspan: 3"]Local & International Payments and Foreign Currency
Services
[/TD] [/TR] [TR] [TD]Fees[/TD] [TD]Amount[/TD] [TD]When is the fee Charged?[/TD] [/TR] [TR] [TD="colspan: 3"]Citibank Debit Card – transactions[/TD] [/TR] [TR] [TD]International
Transaction Fee[/TD] [TD]2.50%[/TD] [TD]We charge you an
International Transaction
Fee of 2.5% on the AUD
dollar conversion of any
transaction made in foreign
currency. This amount
includes a service and
assessment fee payable
by Citibank to the scheme
(where applicable).
[/TD] [/TR] [/TABLE]

 

[a330j]

The new replacement table in the "Schedule of Fees and Charges for all banking products" at Citi Australia does not seem to have "Excludes Citibank Plus Transaction Account and Citibank Online Saver" in the title (unlike the original - now replaced table), so I do fear the worst....

Clicking through on the link you provided, still says excludes Citibank Plus transaction and Citibank online saver.

 

[oz_mark]

Seems to be a very crucial entry:

Yes, but the entry exists now. Theye are just changing it to say they pay the relevant scheme instead of saying they pay Visa.

 

[PLANT]

Can someone confirm to move money from debit card online you just add payee(yourself) and transfer any amount of money out?
No charge right?

 

[moa999]

Hmmm - that's rather contradictory isn't it.

Though it does mention "Visa" and as we know there's no 2½% currently being charged.

no. Its always been that way. It's a table that applies to all Citi cards apart from a select number

 

[daft009]

Re: Citibank Everyday Plus - Free overseas ATM withdrawals!

I received an email today telling me that my replacement debit card will be a Mastercard instead of VISA. I wonder if this will have much impact on the exchange rate used for overseas ATM withdrawals...?

yeah, quite a few changes!
time to close the account, too many fees & charges now.

 

[serfty]

no. Its always been that way. It's a table that applies to all Citi cards apart from a select number

Yes, it has been that way.

But under changes it going to be this:

The 'excludes' note is missing.

 

[Colin 2905]

Can someone confirm to move money from debit card online you just add payee(yourself) and transfer any amount of money out?

Pretty much, except that there's probably an upper limit on "any" amount.

No charge right?

Correct.

 

[Austman]

Re: Citibank Everyday Plus - Free overseas ATM withdrawals!

From the link in the email:

Citi Debit MasterCard Frequently Asked Questions Citi Australia.

Will there be additional charges as a result of this change? No. The fees and charges for your account remain the same.

 

[moa999]

From Whirlpool:
Footnote 2 on page 2 under the 'Product Fees and Charges' table is retained.

That includes an exclusion of the Citibank Plus account from 'Citibank Fees'. Said fees include the International Transaction Fees.

Therefore, there is no change.


Also an ozbargain member confirmed no change with telephone operator

 

[oz_mark]

The 'excludes' note is missing.

Photoshop was not harmed in the creation of this screenshot



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

 

[gregff]

Re: Citibank Everyday Plus - Free overseas ATM withdrawals!

From the link in the email:

Citi Debit MasterCard Frequently Asked Questions Citi Australia.

Maybe not in relation to the visa mastercard change but possibly due to the change indicated as follows:

Local & International Payments and Foreign Currency
Services [TABLE="class: cms_table_grid"] [TR] [TD="colspan: 3"]
[/TD] [/TR] [TR] [TD]Fees[/TD] [TD]Amount[/TD] [TD]When is the fee Charged?[/TD] [/TR] [TR] [TD="colspan: 3"]Citibank Debit Card – transactions[/TD] [/TR] [TR] [TD]International
Transaction Fee[/TD] [TD]2.50%[/TD] [TD]We charge you an
International Transaction
Fee of 2.5% on the AUD
dollar conversion of any
transaction made in foreign
currency. This amount
includes a service and
assessment fee payable
by Citibank to the scheme
(where applicable).[/TD] [/TR] [/TABLE] In the past there has been an exclusion for Citibank Plus accounts. It is not there for the new amendments.
I still remember the devaluation of Citibank rewards points without prior notice (since fixed up) but it does makes me cautious about any 'enhancements' Citi does.

 

[oz_mark]

Re: Citibank Everyday Plus - Free overseas ATM withdrawals!

Maybe not in relation to the visa mastercard change but possibly due to the change indicated as follows:

[TABLE="class: cms_table_grid"] [TR] [/TR] [TR] [/TR] [TR] [/TR] [TR] [TD]
[/TD] [/TR] [/TABLE] In the past there has been an exclusion for Citibank Plus accounts. It is not there for the new amendments.
I still remember the devaluation of Citibank rewards points without prior notice (since fixed up) but it does makes me cautious about any 'enhancements' Citi does.

This is what was in the notice I received:



Following the links in the emai I received, you end up here: http://www.citibank.com.au/global_docs/pdf/Feesandcharges.pdf

 

[gregff]

Thanks for that. It was different to that when I retrieved it earlier.