NAB acquires Citibank Australia

[serfty]

Was just reading some of the changes

From 5 November 2025, the debit interest rate (which is charged if your account becomes overdrawn*) will change from 0.00% to 20.00% p.a
From 5 November 2025, overseas access fees (as outlined below) will no longer be waived for NAB Classic Banking accounts opened as part of the migration from Citi to NAB

• ATM cash withdrawal – $5 per withdrawal
• Balance enquiry – $1 per enquiry
• International transaction fee – 3.5% of the Australian dollar amount charged when an international transaction is posted (completed) to your account

I decided it would be better reclaim that cent. It has had a long but possibly boring life after being separated from its peers early last year. The

What are the alternatives for overseas fee free cards to withdraw cash at foreign ATMs?

There are some suggestions here ...

A

Post in thread 'Is Citi Plus still the best option for overseas cash?'

May 31, 2024

No, and not worth the trouble as well. Visa and Mastercard rates are already excellent, and using a normal bank ATM card like ex Citi means you basically don't need to apply manage etc.

HSBC and those like Wise are only worth it if you have large amount of foreign currencies and you actively manage your foreign exchange risks.

What's so troublesome about them?

• Ansett Nostalgic

 

[moa999]

0 to 3.5%.. definitely trying to lose customers..

Oh well. Might take my other two NAB products with me.