You can go to any ATM, if you go to a Citi ATM, it’s free if you use a third party, then you are charged - usually around $5 to $6 I have found. So I tend to take out as much as I think I will need for that country. You can withdraw in whatever the local currency is, or whatever the ATM offers. The withdrawal is done from your Aus$ account, you get it in the local currency and I found the exchange rate is pretty close to the Xecom rate.so let me get this right Briar,
Citibank Plus - if I'm overseas and I go to an ATM, to withdraw cash...
A) does it HAVE to be a citibank atm? that could be awkward.
B) if it's not a citibank atm, then have you been charged 3rd party fees?
c) and although my citibank plus is in AUD, I can withdraw Euros?
d) I couldn'twork out exactly which was the exchange rate, on thecitibank site, buy sell...no idea. I'd like to compare it to the mastercard or the XE exchange rates.
e) and I can just put money in the Transaction account (don't need a savings linked account) when i want to go overseas, use it, and then withdraw it on returning if I want to?giving it a zero balance, without any problems? Have you done that?
These are things I couldn't quite work out, in black and white' from their website.
When I registered for the Citibank plus card it came with an account - I just do a BPay from my normal bank account with ANZ into that account. Everything is Fee free and there is no minimum amount I need to keep in it. When you come back to Australia just use an ATM to withdraw whatever is left. Because it has stayed in aus$ there are no conversion fees back again. We have been travelling a lot, so I tend to just leave money in there and top up before I go away again, but I don’t believe you need to.