Business & Finance

July, 30, 2002 - 00:00 AM / ET

CITIBANK INTRODUCES THE CITIBANK MONEY CARD -- A NEW AND AFFORDABLE WAY TO SEND MONEY TO MEXICO

New York,--(HISPANIC PR WIRE - BUSINESS WIRE)--July 30, 2002--Citibank announced today the introduction of the Citibank Money Card Account, designed to provide a convenient and affordable way to remit money from the U.S. to Mexico. The Money Card is linked to a distinct U.S. Citibank bank account featuring an ATM card for the recipient in Mexico. The Citibank Money Card, currently in a pilot stage, is available through 26 Citibank Financial Centers in New York, Chicago and Los Angeles.

Account fees for the Citibank Money Card Account are competitive compared to other means of sending money to Mexico. They include a $5.00 monthly maintenance fee and a $7.95 fee for each withdrawal of funds transaction in Mexico. These fees are assessed to the U.S. account and are not deducted from the recipient's cash withdrawal. Citibank Money Card Account holders in the U.S. may deposit or transfer funds into their U.S. account and the Money Card holder in Mexico may withdraw the funds at any of the approximately 20,000 ATMs in the country, including over 4,400 Banamex ATMs. Both Citibank and Banamex are member companies of Citigroup.

"We believe the Citibank Money Card Account is a convenient and direct way to make funds available to people in Mexico. The sender can quickly deposit funds into the account without going through an agent," said Marge Magner, Chief Operating Officer for Citigroup's Consumer Group. "Providing recipients with their own personalized cards enables them to access funds at their convenience from virtually any ATM in Mexico, as they need it. It's a solution our customers have been asking for," Ms. Magner added.

When a Money Card Account is opened in the U.S., it becomes a separate account distinct from any of the other customer's accounts. For this account, the account holder will provide authorization to have a personalized ATM card delivered to a designated recipient in Mexico. The recipient will receive the Citibank Money Card and a Personal Identification Number (PIN), so he or she can access the funds via ATMs in Mexico. This allows the account holder to make specific amounts of funds available to the recipient. Recipients are not required to have a bank account in Mexico to withdraw money at ATMs with the Citibank Money Card. Information about the Citibank Money Card Account is available by calling 1-800-967-4984.

According to the Inter-American Development Bank, over $9.3 billion was sent to Mexico by Mexicans and Mexican-Americans in the U.S. in 2001. Citibank and Banamex are committed to increasing their involvement in this remittance area by offering convenient and affordable solutions such as the Citibank Money Card.

Banamex, founded in 1884, is the leading bank in Mexico with over 1,400 branches. Citibank, which has had a presence in Mexico since 1929, combined its operations in Mexico with Banamex in 2001, and the company operates in the country under the Banamex name. With Citibank operations in the U.S. and the Banamex network in Mexico, Citigroup is uniquely positioned to provide financial services on both sides of the border.

Citibank announced in March of this year that it would accept the Mexican Consular ID, known as the Matricula Consular, as a form of primary identification for people of Mexican descent opening Citibank accounts. In addition, the bank has recently offered discounted fees for wire transfers from Citibank to Banamex, along with other promotions aimed at the Hispanic market. With the pending acquisition of California Federal Bank in California and Nevada, Citibank aims to extend its reach more significantly in Hispanic communities in those states. A large proportion of Cal Fed's branches in California are located in areas with large Hispanic and Mexican-American communities.

Citibank also conducts financial education seminars in Spanish at many of its U.S. Financial Centers. Spanish language customer service is available at Citibank by phone and at all U.S. Citibank Financial Centers either through in-branch bank personnel or translation service providers. All Citibank ATMs in the U.S. feature full transactional capabilities in Spanish, in addition to other languages.Citibank is a member of Citigroup (NYSE: C), the preeminent global financial services company with some 200 million customer accounts in more than 100 countries which provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Salomon Smith Barney, Banamex, and Travelers. Additional information may be found at: http://www.citigroup.com.

The Citibank Money Card is available at these Financial Centers:

-New York-

Broadway/96th
2560 Broadway
New York, NY 10025
(212) 663-7827

90 Park Avenue /Mex. Con.
90 Park Avenue
New York, NY 10016
(212) 682-2726

Yorkville
123 East 86th Street
New York, NY 10028
(212) 348-3477

Washington Heights
4249 Broadway
New York, NY 10033
(212) 781-5440

34th Street
201 West 34th Street
New York, NY 10001
(212) 290-7720

116th and 1st
2261 1st Avenue
New York, NY 10035
(212) 423-2131

Stapleton
577 Bay Street
Staten Island, NY 10304
(718) 876-0166

Jackson Heights
80-19 Roosevelt Avenue
Jackson Heights, NY 11372
(718) 458-4884

74th Street Jackson Hgts
37-57 74th Street
Jackson Heights, NY 11372
(718) 397-3913

Fordham
2481 Creston Avenue
Bronx, NY 10468
(718) 295-4630

-Illinois-

Back of the Yards
1751 W. 47th Street
Chicago, IL 60609
(773) 927-3898

Two Illinois
233 N. Michigan Avenue
Chicago, IL 60601
(312) 729-7300

Chicago Lawn
6222 S. Kedzie Avenue
Chicago, IL 60629
(773) 737-9601

Little Village
4010 W. 26th Street
Chicago, IL 60623
(773) 521-7757

Portage Park
3535 N. Central Avenue
Chicago, IL 60634
(773) 282-1702

Bridgeport
3430 S. Halsted Street
Chicago, IL 60608
(773) 523-2802

-California-

Tujunga
10460 Mt. Gleason Avenue
Tujunga, CA 91042
(818) 353-8502

Huntington Beach
7552 Edinger Avenue
Huntington Beach, CA 92647
(714) 848-2069

Arleta
9100 Woodman Avenue
Arleta, CA 91331
(818) 894-6480

Van Nuys
6750 Van Nuys Blvd
Van Nuys, CA 91405
(818) 997-3600

North Hollywood
5077 Lankershim Blvd
North Hollywood, CA 91601
(818) 769-4308

LA Main
787 W. 5th Street, Suite 110
Los Angeles, CA 90071
(213) 627-8274

Long Beach
1 World Trade Center, Suite 100
Long Beach, CA 90831
(562) 628-0362

Downey
8764 E. Firestone Blvd
Downey, CA 90241
(562) 862-1642

Woodland Hills
6203 Topanga Canyon Blvd
Woodland Hills, CA 91367
(818) 999-1056

--30--ad/ny*

CONTACT:
Citibank
Mark Rodgers
212/559-1719








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