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Originally Posted by robertz
In your situation, I understand why it doesn't mean anything. BUT having a bank tell you its now going to cost you 2.5% to access your money, on top of a foreign exchange rate they set it infuriating.
Just ask yourself, if the your bank in Australia started charging you to withdraw your money at 2.5%. Would you be happy.
Citibank is a world wide bank. Heck, I have one down the street here in Atlanta I use. Why the hell should I pay them 2.5% of my money to withdraw it from my AUS account.
That's it. Just transferred my balance of my QFF out of the CC. By the end of the week, I will have pissed these idiots off, once and for all.
Grrrrrrrr.
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I am not trying to justify the Citibank position on this. I think it is a money grabbing move. I was providing information to the question that was asked regarding "How many people would withdraw AUD$120 from an overseas ATM)". I don't know how many, but I do know I am one of them. It would not be the first time I have been in the minority
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For overseas withdrawals I use the Citibank Readicredit ATM card. As far as I know, the Readicredit account continues to have no fees for overseas ATM use. This is the only Citibank facility I have, and based on recent events (including the fee change as the topic of this thread), I do not expect this situation to change.