Citi Australia Global Currency Account Review

Citibank are helping their customers simplify the process of sending, receiving and spending money internationally with their new Citi Global Currency Account. Read on to learn more about this product in this Citi Global Currency Account review for Australian clients.

The Citi Global Currency Account allows account users to send, receive, spend and exchange currencies seamlessly. You can manage multiple currencies by linking your Citi Debit Card to the Global Currency Account and it allows you to hold up to 10 currencies until you decide to exchange it.


To find out more about Citibank, you can read our review of the company here.

  • Avoid many conversion and transfer fees
  • $0 monthly maintenance fee
  • 10 different currencies available in one account
  • Link new account to your existing Citibank debit card
  • Earn high interest rates depending on your AUD balance
  • Exchange rates on less popular currencies like CHF or CAD are less competitive

Who Should Use the Citi Global Currency Account?

We think this product is ideal for investors, business executives and travellers. It is also generally good for individuals who transact in local and foreign currencies regularly.

As with any financial product, if you're thinking of signing up for a Citi Global Currency Account, it's just important that you make yourself aware of all fees associated with the account. It's hard for us to make an assumption about whether this is right for you, without knowing your personal financial situation.

Available Currencies:

The following currencies are available in the Citi Global Currency Account:


  • Australian Dollars (AUD)
  • Canadian Dollars (CAD)
  • Euro (EUR)
  • Hong Kong Dollars (HKD)
  • Japanese Yen (JPY)
  • New Zealand dollars (NZD)
  • Singapore Dollars (SGD)
  • Pound Sterling (GBP)
  • Swiss Franc (CHF)
  • United States Dollars (USD)

Fees and Exchange Rates


Charge Details
Service Fee Waived for all customers
Transfer Fee Free
ATM Fee Free with a Citibank ATM
ATM Fee with conversion Free with a Citibank ATM
Exchange rates Updated every 10 seconds, Citi does put a margin on their rates.

How to Apply for a Citi Australia Global Currency Account

If you already have an account with Citibank, you can easily open a Global Currency Account and transfer funds to it. You can use the account to receive payments from overseas friends, family and for business and hold the funds until you're ready to convert it.


You also have a card attached to the account which makes it easier to spend money when you're overseas, and you can earn interest on your Australian Dollar account.


Depositing money into your Citi Australia Global Currency Account

Money deposited into your Global Currency Account can be done through the following ways:


  • Transfer from another Citi account
  • Transfer from another Australian bank or financial institution
  • Telegraphic transfer from another international bank
  • Through an Australian bank cheque
  • Other methods of deposit accepted by Citi


How long does the transfer take?

Deposits from When will it be available?
Another Citi Australia account Immediately
Another Australian bank or financial institution Next business day
An international bank 3-5 business days
An international bank cheque Up to 15 business days

Products similar to the Citi Global Currency Account

Most Australian banks offer an option to have a foreign currency account. You can read about them here. The differences with the Citi account is that you can easily access the funds via a debit card, which you don't find with other FCAs.


Another great product you could consider, is the Wise Borderless Account. You can read our review of the account here.


Frequently asked questions (FAQs)

Ileana Ionescu
Content manager
With a background in business journalism, Ileana is an experienced content manager, creating content for Exiap that helps its audience make informed decisions about their finances.
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Last updated
April 15th, 2021