Citibank International Personal Bank Singapore (IPB)
Citi's premier solution to meet global banking and investment needs of affluent individuals like you, who are residing abroad.
The Citibank Advantage
As part of the world's largest financial institution with a strong international network in over 100 countries, Citibank International Personal Bank has over 20 years of knowledge and expertise in international banking.
The Singapore Advantage
With a stable political environment, strong economy and strategic location, Singapore is the ideal international banking location for you.
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- Your Global Account resides in Singapore with superior infrastructure and global outlook
- Global network of branches allows you to enjoy Global banking privileges eg. instant funds transfer between Citibank accounts etc.
- Instant access to your funds online and from over 1.4 million Citibank and shared ATM network worldwide
- Manage your savings and investment with a single login
- 24 hour access to your account from wherever you are
- 3-in-1 account for your savings, trade and investment with a single login through Citibank Online
- Access up to 36 months of statements
- Instant funds transfer
- Earn competitive interest rates in up to 10 currencies
- ATM access to your funds globally
- Access to trading opportunities in the U.S., Hong Kong and Singapore
- Trade using the user-friendly online platform
- Seize market opportunities and trade online with real-time news and quotes updates
- Invest in dual currencies and earn potentially higher interests
- Access to a wide range of investments and financial products that may not be available in your market
- The Citibank International Personal Bank Singapore Account is available to applicants who are 21 years old and above
- You just need a minimum of US$10,000 to start an online banking account and US$20,000 for all other banking accounts
Simply fill up your details in the form and we will contact you soon.
Foreign Currency Time Deposits
Foreign currency investments are subject to rate fluctuations, which may provide both opportunities and risks. You may experience a loss when you convert foreign currency back to your home currency. Exchange controls may be applicable from time to time to certain foreign currencies. You should therefore determine whether any foreign currency investment is suitable for you in the light of your investment objectives, your financial means and your risk profile. Foreign currency investments are not insured products under the provisions of the Deposit Insurance and Policy Owners?Protection Schemes Act 2011 of Singapore and are not eligible for deposit insurance coverage under the Deposit Insurance Scheme.
Citibank full disclaimers, terms and conditions apply to individual products and banking services.
Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
These securities are not bank deposits, are not obligations of or guaranteed by Citibank Singapore Ltd, Citibank, N.A., Citigroup, Inc or any of its affiliates or subsidiaries and are subject to investment risks, including the possible loss of the principal amount invested. Past performance is not indicative of future results, prices can go up or down. Investors investing in securities denominated in non-local currency should be aware of the risk of exchange rate fluctuations that may cause a loss of principal. These securities are not insured products under the provisions of the Deposit Insurance and Policy Owners?Protection Schemes Act 2011 of Singapore and are not eligible for deposit insurance coverage under the Deposit Insurance Scheme. This document does not constitute the distribution of any information or the making of any offer or solicitation by anyone in any jurisdiction in which such distribution or offer is not authorized or to any person to whom it is unlawful to distribute such a document or make such an offer or solicitation. Citibank brokerage is not available to US persons and may not be available in all jurisdictions.
A Premium Account is unlike a traditional bank account as it is an investment and returns may vary. Premium Accounts are subject to a number of risks. A Premium Account is an investment in one or more financial instruments which may include currencies, forwards, equities, bonds, indices, interest rates, precious metals, commodities and/or any other financial or money market instrument. It is subject to exchange rate fluctuations, which may provide both opportunities and risks. A Premium Account will be paid in the financial instrument that is the weaker of the base financial instrument and the alternate financial instrument. If the alternate financial instrument weakens against the base financial instrument, you will be paid in the alternate financial instrument. This means you may effectively incur a loss on the principal amount of the Premium Account, because the amount paid at maturity, when converted back into the base financial instrument at the prevailing exchange rate, will be lower than the amount of the base financial instrument that you initially invested. The higher rate of interest you earn in the Premium Account as compared to a traditional time deposit may not compensate you for this exchange loss. Exchange controls may apply from time to time to certain foreign currencies. Our Treasury Services Managers and Relationship Managers will provide you with information on any exchange controls that are relevant to the currencies in which you invest. If your Premium Account consists of precious metals or commodities, you should note that physical delivery of the same and the wire transfers to or from your precious metals or commodities accounts are not permitted. You should note that a Premium Account is an investment product that should be held to maturity. Early withdrawal of a part of a Premium Account prior to the maturity date is not permitted. Early withdrawal of the whole of a Premium Account is permitted but strongly discouraged, because you will have to pay early termination charges and these charges will be deducted from the amount repaid under the Premium Account. Some of the factors used in calculating such charges include the exchange rate for the financial instrument pair, the prevailing interest rate and the remaining term of the Premium Account. As a result, the amount repaid to you may be less than the principal amount. If you wish to terminate your Premium Account prior to maturity, please contact the Bank. The Bank may, at any time at its discretion, terminate the Premium Account. This may happen, for example, if restrictions on convertibility and transferability become applicable to any of the financial instruments in your financial instrument pair. In such cases, payment to you will be made in the alternate financial instrument in your financial instrument pair or another financial instrument chosen by the Bank. You may incur a loss on the principal amount in such cases. Please refer to the Bank's website for any updates of foreign exchange control restrictions. You should obtain the advice of a licensed or an exempt financial advisor before making a commitment to enter into a Premium Account transaction. In the event that you choose not to seek advice from a financial adviser, you should carefully consider whether a Premium Account is suitable for you in light of your investment objectives, your financial means and your risk profile. For more information on a Premium Account, you should also carefully read the Premium Account Agreement.
In opening a Premium Account for you, Citibank Singapore Limited acts as principal to a Premium Account transaction. You are subject to the full credit risk of Citibank Singapore Limited. Any payment to be made on the Premium Account depends on the ability of Citibank Singapore Limited to satisfy its obligations as they come due. The Premium Account is a general and unsecured obligation of Citibank Singapore Limited. Citibank full disclaimers, terms and conditions apply to individual products and banking services.
A Premium Account is not an insured product under the provisions of the Deposit Insurance and Policy Owners?Protection Schemes Act 2011 of Singapore and is not eligible for deposit insurance coverage under the Deposit Insurance Scheme.