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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.
| Minimum initial deposit: | Personal | available in $ and S$, provide you with personalized checks and a statement showing all checks cleared.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.
| 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.
| 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) |
Please note that the minimum account balance requirement for a Citibank account is at US$200,000 and there is a monthly service fee of US$50 if the total relationship balance (TRB)[1] is less than or falls 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
Click on to expand and on to minimise the details.
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 |
Click on to expand and on to minimise the details.
Please note that the minimum account balance requirement for a Citibank account is at US$200,000 and there is a monthly service fee of US$50 if the total relationship balance (TRB)[1] is less than or falls 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
Please note that the Custodian Fees for Citibank Brokerage will be revised to the below charge with effect from July 1 2020. The Internet / Mobile Trade Rates and Minimum Fee for Citibank Brokerage will be revised to the rates indicated below with effect from July 15 2020
The following rates are applicable to both buy and sell transactions for Citibanking clients, unless otherwise specified.
| Citibank Brokerage U.S. Market | ||
|---|---|---|
| Securities Trading in USD | Internet Rate/Mobile Rate | Phone Rate |
| Minimum Fee | USD25 | USD49 |
| Below USD 50,000 | 0.30% | 0.50% |
| USD 50,000 and above | 0.30% | 0.50% |
| SEC Fee | ||
| Sell Transaction only | 0.00221% of trade amount | |
| Securities Transfer | ||
| Transfer In | NIL | |
| Transfer Out | USD30 per counter | |
| Custodian Fee | ||
| Semi-annual charge | 0.0165% of your monthly average stockholding balance, payable every six months. Inclusive of GST where applicable | |
| Citibank Brokerage Hong Kong Market | ||
|---|---|---|
| Securities Trading in HK | Internet Rate/Mobile Rate | Phone Rate |
| Minimum Fee | HKD120 | HKD180 |
| Below HKD 300,000 | 0.30% | 0.50% |
| HKD 300,000 and above | 0.20% | 0.50% |
| Securities Transfer | ||
| Transfer In | NIL | |
| Transfer Out | HKD300 per counter | |
| Custodian Fee | ||
| Semi-annual charge | 0.0165% of your monthly average stockholding balance, payable every six months. Inclusive of GST where applicable. | |
| 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 | 0.0027% | |
| Trading Levy | 0.005% | |
| Citibank Brokerage Singapore Market | ||
|---|---|---|
| Securities Trading in SGD | Internet Rate/Mobile Rate | Phone Rate |
| Minimum Fee | SGD 28 | SGD 50 |
| Below SGD 50,000 | 0.25% | 0.50% |
| SGD 50,000 to SGD 100,000 | 0.20% | 0.50% |
| Above SGD 100,000 | 0.18% | 0.40% |
| Custodian Fee | ||
| Semi-annual charge | 0.0165% of your monthly average stockholding balance, payable every six months. Inclusive of GST where applicable. | |
For full listing of Citibank Brokerage charges for Citigold and Citigold Private Client, please 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) |
| 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 | |
| Other Services | ||
|---|---|---|
| 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 | |
Footnote
- Minimum $100,000 equivalent
- Subject to availability. Large withdrawals may be subject to arrangement costs.
- Acceptance of these checks/drafts/currencies is at the sole discretion of the bank.
- Applicable to customers with arranged credit facilities. Otherwise the minimum opening commission for LC and Transferable LC is $250 and $500 respectively.
- For transferable LCs, minimum charge is $250.
- Subject to Goods & Services Tax.
- 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.