With international travel becoming commonplace, travelers can now access eight currencies in one Debit Mastercard with Citibank Global Wallet, a new feature which allows customers to 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 andSingapore Dollar.
“Citibank Global Wallet is a key featureembedded in the Citi Mobile App. Clients looking for greater convenience can enable this feature. It is hassle free and worry free,” said Citi Philippines Consumer Business head Manoj Varma.
With the Citi Mobile App or Citibank Online, existing Citigold and Citi Priority bank account holders can turn on Citibank Global Walletandopen an account in anyof the eight foreign currencies in an instant. 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.
Citi Philippines Retail Bank head Therese Chan explained, “Citibank Global Wallet is perfect for travelling overseas, making online purchases and transferring foreign currencies for payments.”
“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,” said Chan.
Citi is offering a welcome gift of up to $5,000 cash credits for customers who open a banking relationship today.
Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.