Citibank Global
Wallet will help
you save on
foreign exchange
and card
commission fees,
and is
beneficial when
you are:
- Travelling
overseas
for
holidays,
family
visits
or work
- Making
online
purchases
from
international
websites
- Transferring
foreign
currencies
for
payments
or
investments
- Withdrawing
money
from
ATMs
abroad
For example, if
you are making a
100 USD retail
transaction
online,
it will be
debited directly
from your
Citibank USD
account. If you
had bought USD
in advance at
your preferred
rate of 0.82
USD/GBP,
your transaction
would be locked
down at this
specific rate.
Without
Citibank
Global
Wallet
|
With Citibank
Global
Wallet
turned
on
|
Transaction
Ammount
|
100
|
USD
|
Buy
USD
in
advance
at
your
preferred
rate
|
82
|
GBP
|
2.75%
card
commision
fee |
102,75
|
USD |
e.g. at
0.82
USD/GBP
|
100 |
USD |
FX
Rate
at
the
time
of
transaction
at
0.85
USD/GBP*
|
87.34
|
GBP
|
Transaction
amount
|
100
|
USD
|
Total
Cost
of
transaction
|
87.34
|
GBP
|
Total
Cost
of
transaction
|
82
|
GBP
|
*
The above table
illustrates the
same retail
transaction
using a debit
card without
Citibank Global
Wallet at
spot rate (left)
and a Citibank
Global Wallet
enabled debit
card
with foreign
currency bought
in advance
(right). Rates
used and
displayed above
are indicative
and used purely
for illustration
purposes. No
representation
is made of
actual rates
charged during
the transaction.