PRICING GUIDE

Start a relationship with International Personal Bank Singapore today.

Start a relationship with International Personal Bank Singapore today
Accounts

We offer 4 types of Transaction Accounts for greater flexibility.

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Savings Accounts are available in 9 currencies and let you earn a competitive daily interest that is credited monthly to your account.

Minimum initial deposit: Personal Business
AUD, CAD, EUR, HKD, NZD, JPY, STG $5,000 N.A.
SGD $5,000 N.A.

Checking Accounts, available in $ and S$, provide you with personalized checks and a statement showing all checks cleared. A new checkbook is automatically issued to you when your supply is low.

Minimum initial deposit: Personal Business
US Dollar Checking Account $5,000 $30,000
Singapore Dollar Checking Account $5,000 $30,000

$ Interest Checking Accounts pays daily interest. You can choose between a $ check cleared via Singapore (for $ payments in Singapore) or check clearance via Guam (a US Territory) or both. A new checkbook is automatically issued to you when your supply is low.

Minimum initial deposit: Personal Business

Minimum balance to earn interest

We pay higher interest for balances of $50,000 and above.

$5,000 $20,000

S$ Maxisave Account, which pays daily interest, combines savings and checking facilities in a single account. A new checkbook is automatically issued to you when your supply is low.

Minimum initial deposit: Personal Business
We pay higher interest for balances of $30,000 to $49,999 and $50,000 and above. $5,000 $100,000(for non-profit organizations only)
Deposits via:
a) Foreign currency notes
Involving foreign exchange Based on Citibank's prevailing exchange rate
Not involving foreign exchange 1% commission in-lieu-of exchange (minimum $10)
b) Telegraphic transfers
$ or S$ No charge and immediate value given
Other currencies No charge and subject to spot value
Third party and other charges which may be applicable to inward remittances, will be passed along at net without mark-up or commission. To ensure that the inward remittance amount received at Citibank is exactly your intended deposit amount, please inform your remitting bank to "Pay the Beneficiary in full".

c) Travellers Checks (TCs)

Other banks' TCs including those with Citibank private label

Involving foreign exchange $20 per transaction
Not involving foreign exchange $20 per transaction and subject to a hold period prior to establishment of deposit

d) S$ checks drawn on banks in Singapore

No charge and immediate value given

e) $ checks drawn on banks in Singapore
For participating banks in the MAS $ clearing system S$ Transaction Accounts: Converted at drawee bank's buying rate and immediate value given.Foreign Currency Transaction Accounts: $5 per check with 3 business days clearance
For non-participating banks S$ Transaction Accounts: Converted at drawee bank's buying rate and immediate value given.Foreign Currency Transaction Accounts: Checks will be sent to the drawee bank in exchange for sight drafts. Upon receipt of sight drafts, there will be a 7-day hold period prior to establishment of deposit.
f) Checks and demand drafts drawn on banks outside their domicile country3 Checks will be sent for collection prior to establishment of deposit. Collection charges will apply.
Involving foreign exchange Collection charges: 1/8% commission (minimum $100) plus postage cost (where applicable)
Not involving foreign exchange Collection charges: 3/8% commission (minimum $200) plus postage cost (where applicable)

g) Other foreign currency checks and demand drafts drawn on country of currency3 e.g. $ checks drawn in USA

$5 per check and subject to a hold period prior to establishment of deposit
Withdrawals via:
a) Foreign currency notes2
Involving foreign exchange Based on Citibank's prevailing exchange rate
Not involving foreign exchange 1% commission in-lieu-of exchange (minimum $10)
b) Telegraphic transfers
Involving foreign exchange 1/8% commission (minimum $20) plus postage or cable cost (where applicable)
Not involving foreign exchange 1/8% commission (minimum $20) plus 1/8% in-lieu-of exchange (minimum $10) and postage or cable cost (where applicable)
c) Travellers Checks (TCs)
Involving foreign exchange 1% commission (minimum $20)
Not involving foreign exchange 1% commission (minimum $20), plus 1/8% in-lieu-of exchange (minimum $10)
d) Demand Drafts
Involving foreign exchange 1/8% commission (minimum $20) and postage cost (where applicable)
Not involving foreign exchange 1/8% commission (minimum $20) plus 1/8% in-lieu-of exchange (minimum $10) and postage cost (where applicable)
e) Cashier's Order in Singapore Dollars
Same party as account holder $10 per check plus postage (where applicable)
Third party $10 per check plus postage (where applicable)
f) Cashier's Order in US Dollars
Involving foreign exchange 1/8% commission (minimum $20) and postage cost (where applicable)
Not involving foreign exchange 1/8% commission (minimum $20) plus 1/8% in-lieu-of exchange (minimum $10) and postage cost (where applicable)
g) SHIFT Local Electronic Funds Transfer (in S$) $20 per transaction
Other Fees & Charges
a) Stop payment for checks
Singapore Dollar Account $30 per check
US Dollar Account $30 per check
b) Returned check
Singapore Dollar Account $30 per check for all return reasons
US Dollar Account $30 per check for all return reasons
c) Marked checks
Marked through clearing $20 per check
Direct marking $30 per check plus transport cost
d) Checkbook replenishment Free
e) ATM transactions (local & overseas) Free. No charge from Citibank Singapore but local and overseas ATM charges may apply
f) Foreign checks sent for overseas collection
Involving foreign exchange 1/8% commission (minimum $100) plus postage or cable cost (where applicable)
Not involving foreign exchange 3/8% commission (minimum $200) plus postage or cable cost (where applicable)

For clients whose relationships are opened after March 1 2016, the monthly service fee of US$50 will be automatically waived if your Total Relationship Balance (TRB)[1] is above USD$200,000 (or equivalent) for all accounts per month.

For clients whose relationships were opened before March 1 2016, between now and 31 March 2017 the monthly service fee of US$30 will be automatically waived if your Total Relationship Balance (TRB)[1] is above US$20,000 (or equivalent) for all accounts per month. From March 31, 2017, a revised monthly account service fee of US$50 will apply, but will only be charged for accounts with a TRB falling below US$200,000.

[1] ‘Total Relationship Balance’ (TRB) is calculated at customer level.
It is the sum of:
(i) the average daily balance of your checking, savings and deposit accounts,
(ii) the average daily value of your investments, and
(iii) all outstanding amount(s) payable on your secured loan accounts as of the date of your last statement

Time Deposits

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There is a wide range of currencies to choose from with tenures from 1 week to 12 months. Interest rates paid vary according to the tenure and amount deposited. With just one call to our 24-Hour CitiPhone Banking and the use of your Customer Identification Number (CIN) and Telephone Personal Identification Number (TPIN), you can switch tenures or currencies of your time deposits at your convenience.

Available in:

  • US Dollar
  • Australian Dollar
  • Canadian Dollar
  • Euro
  • Swiss Franc
  • Japanese Yen
  • New Zealand Dollar
  • Sterling Pound
  • Hong Kong Dollar
  • Other currencies1

Minimum initial deposit $50,000 or equivalent

Minimum initial deposit $5,000 or equivalent (Online)

Deposits via:
a) Foreign currency notes
Involving foreign exchange Based on Citibank's prevailing exchange rate
Not involving foreign exchange 1% commission in-lieu-of exchange (minimum $10)
b) Telegraphic transfers
$ or S$ No charge and immediate value given
Other currencies No charge and subject to spot value
Third party and other charges which may be applicable to inward remittances, will be passed along at net without mark-up or commission. To ensure that the inward remittance amount received at Citibank is exactly your intended deposit amount, please inform your remitting bank to "Pay the Beneficiary in full".

c) Travellers Checks (TCs)

Other banks' TCs including those with Citibank private label

Involving foreign exchange $20 per transaction
Not involving foreign exchange $20 per transaction and subject to a hold period prior to establishment of deposit

d) S$ checks drawn on banks in Singapore

No charge and immediate

value given

e) $ checks drawn on banks in Singapore
For participating banks in the MAS $ clearing system $5 per check with 3 business days clearance
For non-participating banks Checks will be sent to the drawee bank in exchange for sight drafts. Upon receipt of sight drafts, there will be a 7-day hold period prior to establishment of deposit
f) Checks and demand drafts drawn on banks outside their domicile country3 Checks will be sent for collection prior to establishment of deposit. Collection charges will apply.
Involving foreign exchange Collection charges: 1/8% commission (minimum $100) plus postage cost (where applicable)
Not involving foreign exchange Collection charges: 3/8% commission (minimum $200) plus postage cost (where applicable)

g) Other foreign currency checks and demand drafts drawn on country of currency3 e.g. $ checks drawn in USA

No charge but subject to a hold period prior to establishment of deposit
Withdrawals via:
a) Foreign currency notes2
Involving foreign exchange Based on Citibank's prevailing exchange rate
Not involving foreign exchange2 1% commission in-lieu-of exchange (minimum $10)
b) Telegraphic transfers
Involving foreign exchange 1/8% commission (minimum $20) plus postage or cable cost (where applicable)
Not involving foreign exchange 1/8% commission (minimum $20) plus 1/8% in-lieu-of exchange (minimum $10) and postage or cable cost (where applicable)
c) Travellers Checks (TCs)
Involving foreign exchange 1% commission (minimum $20)
Not involving foreign exchange 1% commission (minimum $20), plus 1/8% in-lieu-of exchange (minimum $10)
d) Demand Drafts
Same party as account holder No charge but postage or cable cost (where applicable). Commission waived for first transaction only.
Third party 1/8% commission (minimum $20) plus postage cost (where applicable)
e) Cashier's Order in Singapore Dollars
Same party as account holder No charge but postage cost (where applicable). Commission waived for first transaction only.
Third party $10 per check plus postage (where applicable)
f) Cashier's Order in US Dollars
Same party as account holder No charge but postage cost (where applicable). Commission waived for first transaction only.
Third party 1/8% commission (minimum $20) and postage cost (where applicable)
g) SHIFT Local Electronic Funds Transfer (in S$) $20 per transaction
CashPlus Withdrawals (Foreign Currency Overnight Deposits)
a) Drafts, Telegraphic Transfers or Travellers Checks
Involving foreign exchange 1/8% commission (minimum $20) plus postage or cable cost (where applicable)
Not involving foreign exchange 1/8% commission (minimum $20) plus 1/8% in-lieu-of exchange (minimum $10) and postage or cable cost (where applicable)

Our Singapore Dollar Time Deposit offers tenures of 1, 3, 6, 9, 12, 18 months and longer. Interest rates paid vary according to the tenure and amount deposited. Renewal or changing of tenures can simply be done through our 24-Hour CitiPhone Banking. You can also save time and effort with our automatic rollover feature, which ensures that your money is reinvested everytime it matures. This means maximum returns.

Minimum initial deposit $50,000 or equivalent

Deposits via:
a) Foreign currency notes Based on Citibank's prevailing exchange rate
b) Telegraphic transfers
$ or S$ No charge and immediate value given
Other currencies No charge and subject to spot value
Third party and other charges which may be applicable to inward remittances, will be passed along at net without mark-up or commission. To ensure that the inward remittance amount received at Citibank is exactly your intended deposit amount, please inform your remitting bank to "Pay the Beneficiary in full".
c) Travellers Checks (TCs)
Other banks' TCs including Citibank private label involving foreign exchange $20 per transaction and subject to a hold period prior to establishment of deposit
d) S$ checks drawn on banksin Singapore

No charge and immediate

value given

e) $ checks drawn on banks in Singapore Converted at drawee bank's buying rate and immediate value given
f) Checks and demand drafts drawn on banks outside their domicile country3 Checks will be sent for collection prior to establishment of deposit. Collection charges will apply.
Involving foreign exchange Collection charges: 1/8% commission (minimum $100) plus postage cost (where applicable)
Not involving foreign exchange Collection charges: 3/8% commission (minimum $200) plus postage cost (where applicable)
g) Other foreign currency checks and demand drafts drawn on country of currency3 e.g. $ checks drawn in USA No charge but subject to a hold period prior to establishment of deposit
Withdrawals via:
a) Foreign currency notes2 Based on Citibank's prevailing exchange rate
b) Telegraphic transfers
Same party as account holder No charge but postage or cable cost (where applicable)
Third party 1/8% commission (minimum $20) plus postage or cable cost (where applicable)
c) Travellers Checks (TCs) 1% commission (minimum $20)
d) Demand Drafts
Same party as account holder No charge but postage cost (where applicable). Commission waived for first transaction only.
Third party 1/8% commission (minimum $20) plus postage cost (where applicable)
e) Cashier's Order in Singapore Dollars
Same party as account holder No charge but postage cost (where applicable). Commission waived for first transaction only.
Third party $10 per check plus postage (where applicable)
f) Cashier's Order in US Dollars
Same party as account holder No charge but postage cost (where applicable). Commission waived for first transaction only.
Third party 1/8% commission (minimum $20) and postage cost (where applicable)
g) SHIFT Local Electronic Funds Transfer (in S$) $20 per transaction
Other Products

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For clients whose relationships are opened after March 1 2016, the monthly service fee of US$50 will be automatically waived if your Total Relationship Balance (TRB)[1] is above USD$200,000 (or equivalent) for all accounts per month.

For clients whose relationships were opened before March 1 2016, between now and 31 March 2017 the monthly service fee of US$30 will be automatically waived if your Total Relationship Balance (TRB)[1] is above US$20,000 (or equivalent) for all accounts per month. From March 31, 2017, a revised monthly account service fee of US$50 will apply, but will only be charged for accounts with a TRB falling below US$200,000.

[1] ‘Total Relationship Balance’ (TRB) is calculated at customer level.
It is the sum of:
(i) the average daily balance of your checking, savings and deposit accounts,
(ii) the average daily value of your investments, and
(iii) all outstanding amount(s) payable on your secured loan accounts as of the date of your last statement

The following rates are applicable to both buy and sell transactions, unless otherwise specified.

Citibank Brokerage U.S. Market
Securities Trading in SGD Internet Rate/Mobile Rate Phone Rate
Minimum Fee USD29 USD49
Below USD 50,000 0.35% 0.60%
USD 50,000 and above 0.30% 0.50%
SEC Fee
Sell Transaction only 0.00224% of trade amount  
Securities Transfer
Transfer In NIL  
Transfer Out USD30 per counter  
Custodian Fee
Semi-annual charge 0.02% of average monthly stockholding balance; capped at USD100.
Citibank Brokerage Hong Kong Market
Securities Trading in HK$ (BUY) Internet Rate/Mobile Rate Phone Rate
ALL BUY TRADES (excluding advisory trades) HK$1 HK$1
Securities Trading in HK$ (SELL) Internet Rate/Mobile Rate Phone Rate
Minimum Fee HKD170 HKD210
Below HKD 400,000 0.30% 0.60%
HKD 400,000 and above 0.20% 0.50%
Securities Transfer
Transfer In NIL  
Transfer Out HKD300 per counter  
Custodian Fee
Semi-annual charge 0.02% of average monthly stockholding balance; Capped at HKD1,000
Script Conversion
Script Conversion HKD380
Other Charges
Stamp Duty 0.1% (i.e. HKD1.00 for every HKD1,000 with min. HKD2.00, rounded up to the nearest dollar)
Transaction Levy 0.003%
Trading Levy 0.005%
Citibank Brokerage Singapore Market
Securities Trading in SGD Internet Rate/Mobile Rate Phone Rate
Minimum Fee SGD 39 SGD 59
Below SGD 50,000 0.40% 0.60%
SGD 50,000 to SGD 100,000 0.35% 0.55%
Above SGD 100,000 0.30% 0.50%
Custodian Fee
Semi-annual charge NIL  

For full listing of Citibank Brokerage charges, click here

Travellers checks are available in U.S. Dollar and the Euro.

Travellers Checks (TCs)
Encashment:
a) Involving foreign exchange
Other banks' TCs including those with Citibank private label $20 per transaction
b) Not involving foreign exchange
Other banks' TCs including those with Citibank private label 1% commission (minimum $10)in-lieu-of exchange, plus $20 per transaction
Collection Inward / Outward Bill
Clean:
Commission 1/8% on check amount (minimum $50)
Commission in-lieu-of exchange 1/4% on check amount (minimum $50)
Documentary:
Commission 1/8% on bill amount (minimum $150)
Commission in-lieu-of exchange 1/4% on bill amount (minimum $100)
Export Bill For Negotiation:
Commission 1/8% on bill amount (minimum $100)
Commission in-lieu-of exchange 1/4% on bill amount (minimum $100)
Online Remittances
Citigold / Citigold Private Client Involving foreign exchange Waived
Not involving foreign exchange
Citibanking Involving foreign exchange
Not involving foreign exchange
Offline Remittances
Telegraphic Transfers/Demand Drafts for Standing Instructions
From Time Deposits $10 commission plus 1/8% (minimum $20) plus postage or cable cost. $10 commission is waived if total charges exceed $30
From Transaction Accounts
Involving foreign exchange 1/8% (minimum $20) plus postage or cable cost
Not involving foreign exchange 1/8% (minimum $20) plus 1/8% in-lieu-of exchange (minimum $10) plus postage or cable cost
Inward Remittances:
Handling fee
For account holders Free
For non-account holders 1/8% commission (minimum $50)
For withdrawals in foreign currency notes not involving foreign exchange, an additional 1% commission (minimum $10) will apply.
Common Charges:
Cable cost $30 ( Citigold Private Client customer enjoys 2 monthly wavier)
Postage (Documents) $2.20 for local registered mail, $10 for overseas registered mail
Courier costs At UPS cost
Stop Payment $20 per transaction for S$ checks, plus cable cost (where applicable) $20 per transaction for $ checks, plus cable cost (where applicable)
Tracers for investigation $30
Third party and other charges which may be applicable to inward or outward remittances will be passed along at net, without markup or commission. For inward remittances, to ensure that the inward remittance amount received at Citibank is exactly your intended deposit amount, please inform your remitting bank to "Pay the Beneficiary in full".
Commercial Letters of Credit (LCs)
Import Letters of Credit:
LC opening 1/8% commission per month (minimum 1/4% or S$1004)
Transferable LC opening 1/8% commission per month (minimum 1/4% or S$1504)
Commission in-lieu-of exchange 1/4% on bill amount (minimum $100)
Amendments
Increase in amount 1/8% commission per month (minimum S$1005)
Extension of expiry date 1/8% commission (minimum S$505)
Other charges $100 flat plus telex cost5
Cable charges $150 per page for full text transmission of LC, $75 flat for brief cable
Shipping Guarantee 1/8% commission per month (minimum $50)
Export Letters of Credit
Advising commission $60 per item (for account holders)
Confirming commission 1/2% of the amount of credit per month (minimum $100)
Negotiation 1/8% commission on LC value (minimum $100)
Commission in-lieu-of exchange 1/4% commission on bill amount (minimum $100)
Guarantees
Standby LCs & Local/Banker's Guarantees
(Including conditional claim period, if any) 1/8% commission per month (minimum $10 per month or $100 per guarantee whichever is higher)
Standing Instructions
GIRO
Outward remittance Free
Returned GIRO $10 per transaction
Cashier's Orders
$10 per transaction plus cost of Cashier's Order and postage (where applicable)
Rejected Standing Instructions
$30 per transaction
Special Instructions
Special Instructions allow you to make remittances to up to three pre-designated parties.
Call our 24-Hour CitiPhone Banking on +65 6224 5757 +65 6224 5757using your Customer Identification Number (CIN) and Telephone Personal Identification Number (TPIN). Just provide us with details of your transaction and we will carry out the transaction for you.
Other Services
Safe Deposit Boxes
Capital Square Branch
Size Rental Rates for Citigold/ Citigold Private Client Rental Rates for Citibanking Client
4” X 5” X 24” S$150 S$180
5” X 5” X 24” S$160 S$200
3” X 10” X 24" S$220 S$300
5” X 10” X 24” S$300 S$360
10” X 10” X 24” S$380 S$480
Macdonald’s House Branch
Size Rental Rates for Citigold/ Citigold Private Client Rental Rates for Citibanking Client
5” X 10” X 22” S$300 S$360
10” X 10” X 22” S$380 S$480
Key Deposit $100 (refundable upon return of key)
Transfers To Other Banks
UF/MF Transfer $250 per fund per transfer
Bond Transfer $250 per bond per transfer
Service Fee - Bonds
0.08% to 0.50% p.a. is chargeable on holding period, depending on bond type
Holding Of Shares For Safekeeping/Collateral
Upon receipt $60 per annum per counter
Upon withdrawal 1/8% of current market value of shares (minimum $25, maximum $2,500)
Microfilmed Copies Of Statements and Checks
Current & previous month Free
Beyond 2 months $15 per statement/copy
Statement On Interest Earned & Interest Paid
Preceding year $15 per statement
Beyond 1 year $30 per statement
Audit Confirmation Request $50
Closure of Account/Relationship
Charge on accounts closed within 6 months of opening $300

Disclaimers

Footnote

  1. Minimum $100,000 equivalent
  2. Subject to availability. Large withdrawals may be subject to arrangement costs.
  3. Acceptance of these checks/drafts/currencies is at the sole discretion of the bank.
  4. Applicable to customers with arranged credit facilities. Otherwise the minimum opening commission for LC and Transferable LC is $250 and $500 respectively.
  5. For transferable LCs, minimum charge is $250.
  6. Subject to Goods & Services Tax.
  7. Preferential Pricing.

Important Notes:

All charges are in Singapore Dollars unless otherwise stated.

Drafts or check clearing periods stated exclude holidays in respective country of that currency.

All interest rates for time deposits & transaction accounts, fees, charges and terms & conditions are subject to change without notice.

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