Citibank Hungary has launched the Zero Fee Bank Account Package for consumers, allowing Zero Fee Bank Account holder customers to manage all their local currency related domestic transactions for free.
“Customers will now be able to make a simple decision when they select the new Citibank product, as we are offering a groundbreaking account package that provides free banking for all local currency based domestic transactions. We continue with our innovations with the aim of introducing new products and services that provide real value to our customers in terms of comfort, speed and security. We plan to attract many new account holder customers with launch of this service, who will be able to shop at one place from our various products and services including a wide selection of loans, credit cards and investment products which will contribute to our business growth,” says Batara Sianturi, Citi country officer for Citibank Zrt.
Customers who meet the requirement of at least a single monthly HUF150,000 incoming transaction on their Citibank Zero Fee Bank Account, or having an average total balance of HUF3 million with Citibank Hungary are entitled to apply for the new service.
Customers selecting the Zero Fee Bank Account Package will receive a free Citibank MasterCard or Maestro debit card, with free CitiAlert service in the first year. Unlimited domestic cash withdrawals from all ATMs across the country and Citibank branches are free, and all local currency domestic bank transfers are gratis.
In addition, the bank will not charge any fee for the set up and execution of all local currency regular and permanent direct debit and standing order transactions as well as for all time deposit related transactions. The bank offers a free overdraft limit to all customers whose monthly single incoming minimum amount requirement of HUF150,000 is a regular salary payment.
Customers who do not meet the above detailed account balance criteria for using the free bank account in any month will be charged a HUF3,500 customer relationship fee in that particular month, while all the free transactions will remain available for the customers.