Citibank US steals R$50/month from my account here in Brazil, while Brazilian ATMs steal an additional R$40 per month. I really wish there were another way for me to get paid from the US without dealing with these fees. Here’s a rundown:
- R$20 monthly service charge just for having the account.
- R$30 in monthly withdrawal fees for using “Non-Citi ATMs”***
- R$40 in individual withdrawal fees
Being American, I usually just pay the monthly service charge, currently at US$10, which I consider a rip-off also. With no difference in service, it went from US$3 to US$10, just because they can.
*** – Btw, even if I use a Brazilian Citibank ATM here, I still get charged the two fees (one by Citibank Brasil and the other by Citibank US)