• Home
  • About
    • Privacy Policy
    • Write for Australian Women Online
  • Advertise With Us
  • Horoscopes
  • Style
  • Shoe Boutique
  • eFashion
  • Weight Watchers Australia

Australian Women Online

Business, career, health and lifestyle content for women

  • Home
  • BLOG
  • BOOKS
  • BUSINESS
  • CAREER
  • COOKING
  • HEALTH
  • LIFESTYLE
    • Automotive
    • Beauty
    • Fashion
    • Pets
    • Relationships
    • Your Home
    • Your Money
  • TECHNOLOGY
  • TRAVEL
    • Discount Holidays
You are here: Home / TRAVEL / Citi Australia launches Global Currency Account for travellers

Citi Australia launches Global Currency Account for travellers

6 June 2018 by Australian Women Online

Share this:

  • Tweet
  • Email
  • More
  • Share on Tumblr
  • Print
  • WhatsApp

Citi Australia launches Global Currency Account for travellersTo make travel easier, Citi has unveiled its new Global Currency Account (GCA) – an all-in-one solution that allows users to hold international bank accounts, transact instantly for hassle-free travel, and make foreign exchange investments in real time.

Last year alone, more than 11 million Australians packed their bags for overseas holidays – an average of nearly 1,500 jet setters every hour. While we enjoy exploring new terrain, not having easy access to local currency remains a common frustration for many – do you just take your credit card, or sign up for traveler’s cheques, or get a wad of money ready before you go?

Ideal for investors, business executives and frequent travellers, the Global Currency Account lets account holders consolidate their foreign currency holdings in one place, with account details for up to 10 currencies. The currencies are linked directly to a Citibank debit card – meaning users can switch between currencies instantly via their mobile app and pay like a local with their card when travelling. There are zero ATM fees when using local currency.

Currencies currently include the Australian Dollar, US Dollar, British Pound, Euro, Canadian Dollar, Hong Kong Dollar, Japanese Yen, New Zealand Dollar, Singapore Dollar and the Swiss Franc – and Citi says there is potential to expand the list based on customer demand.

Citi’s clients have increasingly turned to global opportunities to diversify their portfolios and increase their level of returns in recent years. Only two years ago, Citi customers split their assets at a ratio of 36% international and 64% domestic. Today, this has reversed, with 61% international and 39% domestic investment.

Citi’s Global Currency Account facilitates easy access to global investments, empowering investors to take advantage of favourable currency trends and see a consolidated view of all their currency holdings, in real time.

Furthermore, it removes prohibitive foreign currency fees to enable more Australian investors to seek the benefits of diversifying their global portfolio, providing more security and control over their transactions. Citi offers competitive variable interest rates as high as 2.25 per cent for those investing more than AUD 250,000, and narrower foreign exchange spreads.

“Australian investors face several challenges in generating local returns in 2018. Our housing market is challenged, the equity market is lagging behind offshore markets, the cash rate is low, and bond yields look more attractive in Europe and emerging markets,” said Citi’s Consumer Bank CEO, Alan Machet.

“Already we are seeing Citi’s investment clients take advantage of currency changes. In April 2018, we saw a 50% increase in the number of foreign exchange transactions on the previous year with the pickup in volatility.”

“The Citi Global Currency Account is ideal for investors who are closely attuned to global events. Capitalising on growth opportunities that may not be apparent in Australia is made easy when you can swap currencies quickly and cost-effectively via the website or app.”.

For more details on the new Global Currency Account, visit the website: www.citibank.com.au/aus/banking/foreign-currency-accounts

You May Also Like:

Filed Under: TRAVEL, Your Money

Ads by Google
  • Facebook
  • LinkedIn
  • Pinterest
  • Twitter

New Content

  • Best One-Piece Swimsuits to Wear in 2023
  • Identifying Potential Clients and Building Relationships with Them
  • Trending: Vegan Bags in 2023
  • 9 Solar Benefits You Can’t Ignore
  • The Social Benefits of Running: How Running Can Help You Build Relationships
  • Cheek to Chic: How to Achieve the Ultimate Glowing Makeup with Ease
  • How to Transform Your Bathroom Without Breaking the Bank
  • Why You Should Book Yourself a Photoshoot
  • Best Thongs Australia Designed in Darwin Slappa’s Thongs
  • Cracking the Code of Inequality: International Women’s Day 2023 in Australia
Technogym

Popular Content

  • Sexy and Stylish Short Hairstyles for Women Over 60
  • Moore Weekly Stars
  • Write for Australian Women Online
  • Zimmermann Freja Floral Paisley Dress
  • Aussie Mums open male escort agency catering exclusively to women
  • Carla Zampatti Yellow Crepe Sleeve Top
  • The Most Cost-Effective Home Improvements You Can Do This Season
  • Top 9 Cars for Women in Australia
  • A Place for Women in the Tech World
  • Sportscraft Jay Quilted Vest

Australian Women Online © Copyright 2007 - 2023 Deborah Robinson ABN 38 119 171 979 · All Rights Reserved