Do you love to travel but hate international bank transaction fees? Well, travelers can now access eight currencies in one Debit Mastercard with Citi. Through its new feature called Citibank Global Wallet, customers can make purchases overseas at point-of-sale or online, and withdraw cash from Citibank ATMs without incurring additional currency conversion charges.
Citi is the first bank in the Philippines to introduce this feature, linked to the Citigold and Citi Priority Debit Mastercard. Customers now have access to eight foreign currencies, including Philippine Peso, US dollar, Euro, Australian Dollar, Sterling Pound, Japanese Yen, Hong Kong Dollar and Singapore Dollar.
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“Citibank Global Wallet is a key feature embedded in the Citi Mobile App. Clients looking for greater convenience can enable this feature,” says Citi Philippines consumer business head Manoj Varma. “It is hassle free and worry free.”
With the Citi mobile app or Citibank Online, existing Citigold and Citi Priority bank account holders can turn on Citibank Global Wallet and instantly open an account in any of the eight foreign currencies. To fund their newly opened foreign currency account, they can transfer funds online from their existing US dollar or Euro account. Citibank Global Wallet automatically switches to the relevant currency.
So if a customer is travelling to Sydney, all point-of-sale, online transactions and overseas ATM cash withdrawals will be automatically debited from their Australian Dollar account as long as there is sufficient balance.
“Citibank Global Wallet is perfect for travelling overseas, making online purchases and transferring foreign currencies for payments,” says Citi Philippines retail bank head Therese Chan. “Customers don’t have to go all the way to a bank or to a money changer to exchange foreign currency before a trip. They don’t even have to worry about bringing a big amount of cash with them. They can use the wallet anytime, when visiting family or friends in those countries, or whether travelling for business or for leisure.”
For more information, visit Citibank.com.ph