March 31, 2017 BY Valentina Kirilova

Citibank refunds $5 million in credit card international transaction fees

Citigroup Pty Limited has refunded approximately $5 million to around 230,000 customers, for failing to properly disclose that credit card international transaction fees apply to Australian dollar transactions where the merchant uses an entity based overseas to process its transactions. In early 2016, Citibank began charging international transaction fees for Australian dollar transactions made with…

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