Citi Transaction Accounts
Please note: Citi is no longer be accepting new applications for Citibank Online Saver, Citibank Plus Account and the Cash Investment Account. Citibank Term Deposits will only be available for existing customers. Please check with Citi for more details.
What transaction accounts does Citi offer?
Citi offers the following transaction accounts at the time of writing (2019):
Citi Plus Account
According to Citi, its Citi Plus account is a fee-free (including transfer fees) everyday account.
Citi Global Currency Account
While this product is not a traditional transaction account per se, in that its primary purpose is the management of different currencies, it still offers some of the functionality of a transaction account and could potentially be used as such depending on your circumstances. One of the main features advertised by City for this account is the ability to consolidate international bank accounts into one place.
You can view the current Star Ratings and fees on Citi transaction accounts in our comparison tables.
Does Citi charge fees on its transaction accounts?
Transaction accounts can come with several fees, such as monthly account-keeping fees, transaction fees, withdrawal fees and more. However, at the time of writing, Citi says its transaction Citi Plus Account is ‘fee-free’. Consider checking the product terms and conditions for current fees that might apply.
What does Citi offer in terms of mobile banking for its transaction accounts?
Citi offers both online and mobile banking for its transaction account products, with its app available in both the Apple and Google stores. According to Citi, the features of its mobile banking include:
- Quick log-in with your fingerprint or pin
- Temporarily lock or unlock your credit cards
- Set up notifications for large purchases or transfers made on your card(s)
- Pay bills from your phone
How to apply for a Citi transaction account
Before applying for a Citi transaction account, consider comparing it against others on the market to help ensure it is the right one for you. You can then apply for a Citi account online, provided you have the correct documentation:
- At least one form of ID, such as a driver’s license or passport
- Accurate personal information, such as your name, date of birth, address and phone number
- Tax File number (optional)
Related article: How to change bank accounts
Eligibility requirements
Before applying for a Citi transaction account, you will also have to meet the following eligibility requirements:
- You must be 18 years of age or older
- You must have a valid email address, mobile number, and Australian residential address
- You must hold either an Australian drivers license or passport
What other banking products does Citi provide?
Citi provides a variety of different products to consumers, including:
About Citi
Citi Australia was formed in 1977 as the Citicorp Australia Holdings in 1977. According to its website, it then commenced consumer operations in Australia in 1985 as Citi, the first foreign bank to be granted a banking licence.
Today Citi says it serves over one million customers in Australia, making it the largest international bank in Australia. Citi Australia is part of Citigroup, one of the world’s largest providers of financial services. Citigroup celebrated its 200th anniversary as a bank in 2012.
National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (“NAB”) is the credit provider and issuer of Citi branded financial and credit products. NAB has acquired the business relating to these products from Citigroup Pty Ltd (ABN 88 004 325 080, AFSL and Australian Credit Licence 238098) (“Citi”) and has appointed Citi to distribute and assist to administer the products.
“Citi”, “Citibank”, “Citigroup”, the Arc design and all similar trade marks and derivations thereof are used temporarily under licence by NAB from Citigroup Inc. and related group entities.
