PERSONAL BANKING

Adding value in every way.

Adding value in every way.

At Citibank, we make your money work harder for you. Choose the accounts that fit your needs to enjoy greater interest, fewer fees and more rewards.

 

Enquiry and Application Hotline: (852) 2860 0234(852) 2860 0234.

Welcome Offers

Enjoy a fabulous Welcome Offer when you successfully apply for one of these services.

Services Welcome Offers

Payroll Account

  • Step up interest up to 0.8% p.a.
  • No overseas ATM withdrawal fees1

Up to HK$1,800 cash reward /  22,000

Learn More

Stock Services

  • No minimum brokerage fee for stock trades
  • Permanent waivers on deposit and custodian fees

Payroll for continuous stock fee waiver

Learn More

Citibank ATM Card

  • Earn 0.5% cash rebate for purchases at any Visa merchants throughout the year
  • Instant SMS alerts are sent to your phone for each transaction of HK$500 or more

1% cash rebate in the first
3 months

Learn More

Payroll Account

Earn higher interest plus get a welcome gift of up to HK$1,800 cash / Asia Miles rewards with a Citibank Payroll Account.

Salary Welcome Offer2
(Cash Rebate/ Asia Miles3)
Citibanking HK$10,000 or above HK$200
HK$20,000 or above HK$500
HK$30,000 or above HK$800
Citigold HK$50,000 or above4 HK$1,800 /  22,000

New Funds Offer ( Applicable to Citibanking Clients only)

Bring in new funds to enjoy up to HK$400 cash reward

New fund amount Rewards
Citibanking HK$200,000 or above HK$400


Welcome Offer HK$800 + New Funds Offer HK$400 = Up to HK$1,200

Stock Services

We strive to minimize your stock trading costs.

Offer Requirements

Continuous HK stock
buy fee waiver
for Citibank payroll account clients5

Start to deposit your monthly salary in a Citibank payroll account6 within the first 3 months of stock account opening and every month thereafter to enjoy an unlimited HK stock buy fee waiver every month7
(You can enjoy an unlimited HK stock buy fee waiver during the first 3 months grace period even if you have not started to deposit monthly payroll)

Citibank ATM Card

Cash in on our most flexible rebate program.

No cap on rebate earning On all purchases at Visa merchants, the cash rebate is 1% for the first 3 months and 0.5% thereafter
No date restriction Earn rebates 365 days a year
No merchant limitation Rebates on all day-to-day purchases like coffee and movie tickets
Features

Bringing our network closer to you

  • Expanded branch and ATM networks
  • Bank service hours until 7pm
  • 24-hour manned phone banking
  • Convenient online and mobile banking

Personalized financial services

  • Dedicated Personal Banker for clients
  • Financial Planning Consultants, Investment Consultants & Treasury Consultants at all our branches
  • Up-to-date market information at www.citibank.com.hk

A global bank for your expanding world

  • Withdraw cash from over 1,000,000 ATMs in the world, with handling fee waived
  • Cross-border account opening before you relocate to another country
  • Trade HK securities while traveling abroad

Remarks:Remarks:

  • Applicable to overseas cash withdrawal from Citibank and non-Citibank ATMs by clients of Citibank (Hong Kong) Limited. Waiver limited to handling charge incurred by Citibank (Hong Kong) Limited.
  • The 6th month upon account opening.
  • Please register for the Asia Miles reward at www.citibank.com.hk/payroll within one month upon account opening.
  • For Citigold clients with HK$500,000 new funds.
  • The "Payroll for continuous stock fee waiver" offer is applicable to HK stock buy transactions only. U.S. stock buy and sell transactions, stock transfer-in and transfer-out, Initial Public Offering ("IPO"), Stock Regular Savings Plan ("RSP") related transactions are not included.
  • Deposit a monthly salary of HK$10,000 or above into a Citibank payroll account named Step-Up Interest Account via the autopayroll service or standing instructions ("Successful Payroll Deposit").
  • Clients who start to have a Successful Payroll Deposit within the first 3 calendar months of account opening and continue every month thereafter can enjoy the "Payroll for continuous stock fee waiver" offer starting from the 4th calendar month. From the 4th calendar month onwards, if there is no record of Successful Payroll Deposit or if the payroll account is cancelled in any single month, the "Payroll for continuous stock fee waiver" offer will be terminated in that month and cannot be resumed.

Terms & Conditions:Terms & Conditions:

A. Payroll Account Preferential Deposit interest rate & Welcome Offer:

  • The promotion offer is valid from January 1 to March 31, 2015, inclusive of both dates ("the Promotional Period").
  • Terms and Conditions of Citibank Payroll rewards:

    • To enjoy the promotion offer in the Promotional Period, the client must successfully open and use the Step-Up Interest Account for payroll deposits, and be the primary account holder during the Promotional Period and fulfill all other criteria mentioned below ("Eligible Client").
    • The Payroll rewards are not applicable to existing banking clients of the Bank or clients who have maintained a banking relationship with the Bank in the past 12 months.
    • The Citibank client can enjoy a minimum balance fee waiver provided that the client uses the Step-Up Interest Account for monthly payroll purposes. Service charges for certain products apply. For details, please refer to the latest Service Fees booklet^.
    • The preferential deposit interest rate of up to 0.8%p.a. will only apply to the Step-Up Interest Account. All deposit rates are for reference only and are not guaranteed. Deposit rates will be subject to change from time to time without prior notice. For details and the terms and conditions of the Step-Up Interest Account, please refer to the Step-Up Interest Account leaflet^.
    • For Payroll reward, the amount of cash rebate will correspond to the salary tiers stated in the table below:

      Salary Welcome Offer (the 6th month upon account opening)
      Citibanking Clients HK$10,000 or above HK$200
      HK$20,000 or above HK$500
      HK$30,000 or above HK$800
      Citigold Clients New funds of HK$500,000 or above and monthly income of HK$50,000 or above HK$1,800 / 22,000 miles
      • Citibanking new clients must fulfill the following to enjoy the Payroll reward:

        • The client must start depositing monthly salary (payroll) of HK$10,000 or above into the Step-Up Interest Account every month via the autopayroll service or standing instructions within 3 months from the account opening month;
        • The clients have to choose the new Citibank ATM Card with VISA payment function and make at least one purchase via the Visa network within the first 3 months after account opening (including the month of account opening);
        • The clients have to enroll in the e-Statement Service at the time of account opening
      • For Citigold new clients must fulfill the following to enjoy the Payroll reward:

        • New Clients must successfully open a Citigold account and a Step-Up Interest account and bring in new funds of HK$500,000 or above and maintain an "Average Daily Combined Balance" of HK$500,000 or above in the first year upon account opening. Afterwards clients need to maintain the "Average Daily Combined Balance" of HK$1,000,000 or above;
        • The new clients must start depositing monthly salary (payroll) of HK$50,000 or above into the Step-Up Interest Account every month via the autopayroll service or standing instructions within 3 months from the account opening month and sign the hold fund agreement;
        • The clients have to choose the new Citibank ATM Card with VISA payment function and make at least one purchase via the Visa network within the first 3 months after account opening (including the month of account opening);
        • The clients have to enroll in the e-Statement Service at the time of account opening
        • New funds exclude transfer of funds within Citibank. Transfer-in Mutual Fund/ Bonds/ Securities will be counted as New Funds. Only Mutual Funds offered by Citibank (Hong Kong) Limited, Citibank, N.A., Citigroup Inc. will be accepted. The transfer-in process will at least take 2 to 3 months.
      • The Bank reserves the right to reclaim the full cash value of the gift if the consecutive monthly payroll deposit is halted at any time in the first year after account opening OR the clients do not fulfill any of the above requirements. Please refer to section 2f(viii) for reward credit date. To be eligible for the Asia Miles rewards, the client must open the Payroll Account successfully within the Promotional Period and register for the Asia Miles reward via online at www.citibank.com.hk/flynow within one month upon account opening. Overdue registrations will not be eligible for the reward. Client can apply for Asia Miles membership for free on www.asiamiles.com if the client is not a member of Asia Miles. Eligible client who does not register online will be rewarded with cash rebate.
      • To be eligible for the Asia Miles rewards, the client must open the Payroll account successfully within the Promotion Period. The client can register for the Asia Miles reward via online at www.citibank.com.hk/payroll within one month upon account opening. Overdue registrations will not be eligible for the reward. Client can apply for Asia Miles membership for free on www.asiamiles.com if the client is not a member of Asia Miles. Eligible client who does not register online will be rewarded with cash rebate which will be credited to each eligible client's HKD Savings Account.
      • Eligible clients must be members of Asia Miles and be able to provide a valid membership number and name printed on the membership card face for crediting Asia Miles. Citibank will reserve the right to reward cash rebate instead of Asia Miles in case of any incorrect information provided by the Eligible Clients.
      • Each Eligible client should acknowledge that his / her Asia Miles membership number, name printed on card face and the total quantity of Asia Miles to be credited will be submitted to Asia Miles Limited for the purpose of crediting the miles to his / her Asia Miles.
      • Payroll rewards for the welcome offer is calculated according to the actual monthly payroll deposited in the 5th month from the account opening month respectively. Clients must submit valid proof of employment as stated in the leaflet. If the actual payroll amount deposited is different to the declared amount (Example: the actual monthly payroll amount after deducting MPF is lower than declared basic salary), the rewards will be determined according to the actual payroll deposited, whichever is lower. The term 'Payroll deposit' refers to basic salary only. Any commission, bonus, overtime allowance, double pay, reimbursement, and/or other payments made on top of the basic salary will be excluded from the calculation.
      • The Payroll rewards will be credited to each eligible client according to the schedule below:
        Account Opening Date First monthly payroll deposit on or before Welcome Offer
        Rewards will be according to the payroll on Rewards will be credited before
        January 1-31, 2015 March 31, 2015 May 1-31, 2015 June 30, 2015
        February 1-28, 2015 April 30, 2015 June 1-30, 2015 July 31, 2015
        March 1-31, 2015 May 31, 2015 July 1-31, 2015 August 31, 2015
      • Cash rebate will be credited to each eligible client's Step-Up Interest Account
  • Terms and Conditions of Citibanking New Funds rewards:

    • The client must become a Citibanking client and open new accounts or Step-up Interest Account as the primary account holder ("Primary Account Holder") in the promotional period. For Joint account, the gift will be rewarded to the Primary Account Holder only. Offer is not applicable to clients who have had a banking relationship with the Bank during the previous 12 months.
    • To enjoy New Funds rewards (HK$400 Cash Rebate), each Eligible Primary Account Holder ("Eligible Client") is required to:
      • bring in New Funds HK$200,000 into the newly opened account within the first month of account opening, AND
      • maintain the New Funds in the account for 3 months, AND
      • sign the hold fund agreement of 3 months or above.
    • The New Funds rewards will be credited to Eligible Client within 8 weeks from the date on which the welcome gift requirements are fulfilled. Cash Rebate will be credited to Primary Account (HK$ Statement Savings Account) or Step-up Interest Account.
    • New funds exclude transfer of funds within Citibank.
    • Transfer-in Mutual Funds/ Bonds/ Securities of total new funds will be counted as New Funds. Only Mutual Funds offered by Citibank (Hong Kong) Limited, Citibank, N.A., Citigroup Inc. will be accepted. The transfer-in process will take at least 2 to 3 months.
    • The Bank reserves the right to reclaim the full cash value of the New Funds rewards in the event that an account is closed within 2 months of its opening, or should the Average Daily Combined Balance fall below the above requirement within 3 months of the account's opening date.
    • Citibanking clients who maintain an Average Daily Combined Balance of HK$10,000 or above (or equivalent) for the previous month will enjoy a waiver of HK$100 (or equivalent) monthly service fee (HK$400 or equivalent for International Personal Banking clients). Service charges for certain products apply.
    • The "Average Daily Combined Balance" is calculated based on the sum of your daily balances of deposit, investment and accumulated paid premium* of selected insurance products of all your single name account(s) and joint name account(s), divided by the number of days in the month. Selected insurance products mean insurance policy(ies) with savings element or investment-linked insurance. If you only hold account(s) in joint names, the "Average Daily Combined Balance" is calculated based on the sum of the balances of all your account(s) held with the same joint names.
  • The new clients can enjoy both Citibanking Payroll rewards and New Funds rewards within the promotional period.
  • The above banking welcome offers are not applicable to U.S. persons, except the deposit interest rate.
  • Only those Eligible Clients whose relevant accounts are valid and in good standing during the entire promotional and redemption period will be eligible for the rewards. If the account status changes, the Bank reserves the right to terminate the Offers to the Eligible Client, without prior notice.
  • The offers cannot be used in conjunction with other special promotions, discounts or promotional coupons, nor be transferred or exchanged for cash or other offers.
  • Availability of the offers is subject to offer or service availability, account status checking and final acceptance by Citibank and the respective merchants' absolute discretion. Photos, product specifications and prices are for reference only. Citibank shall not be responsible for any matters in relation to the related products or services. The respective merchants are solely responsible for all obligations and liabilities relating to such products or services and all auxiliary services.
  • If a New Client closes all of his/her accounts within 6 months from his/her account opening date, an account closure fee of HK$500 (or equivalent) will be charged.
  • The Bank and the respective merchants reserve the right to amend any of these terms and conditions without prior notice. All matters and disputes will be subject to the final decision of Citibank.
    *

    For insurance policy(ies) with savings element, accumulated paid premium means total premium paid minus value of our standing policy loan. For investment-linked insurance policy(ies), accumulated paid premium means total premium paid minus value of fund sold.

    ^

    You may visit Citibank website (www.citibank.com.hk)/any branch or 24-hour CitiPhone Banking at 2860 0333 to obtain the latest copy.

B. Terms & Conditions of Stock Offers:

(I) Terms and Conditions for "Payroll for continuous stock fee waiver" Program

  1. The "Payroll for continuous stock fee waiver" Program (the "Program") is only applicable to holders of a Step-Up Interest Account ("Payroll Clients"). Payroll Clients have to open a new securities account ("New Stock Clients") with Citibank (Hong Kong) Limited (the "Bank") from September 15, 2014 to March 31, 2015 (the "Promotion Period") and must not have cancelled or held any sole or joint securities account with the Bank within the past 12 months, in order to enjoy the Program.
  2. The Program is applicable to Hong Kong stock buy transactions only. Shanghai-Hong Kong Stock Connect A-Shares buy and sell transactions, U.S. stock buy and sell transactions, stock transfer-in and transfer-out, Initial Public Offering ("IPO"), Stock Regular Savings Plan ("RSP") related transactions are not included. New Stock Clients can enjoy the brokerage fee waiver for the buy trades of Hong Kong stocks (the "Brokerage Fee Waiver") carried out via our Dedicated Trading Hotline, Citibank Online or Citibank Mobile Securities Services (where applicable) from the date of account opening if the below requirements are fulfilled:
    • New Stock Clients can enjoy the Brokerage Fee Waiver within the first 3 calendar months of securities account opening.
    • New Stock Clients have to deposit monthly salary of HK$10,000 or above into the Step-Up Interest Account via the autopayroll service or standing instructions ("Successful Payroll Deposit") within the first 3 calendar months of securities account opening, and continue to have a Successful Payroll Deposit every month thereafter in order to enjoy the Brokerage Fee Waiver. E.g. A New Stock Client who opens a securities account within January, 2015 has to have a Successful Payroll Deposit on or before March 31, 2015, and continue to have a Successful Payroll Deposit every month thereafter to enjoy the Brokerage Fee Waiver. From the 4th calendar month onwards, if there is no record of Successful Payroll Deposit or if the payroll account is cancelled in any single month, the "Payroll for continuous stock fee waiver" offer will be terminated in that month and cannot be resumed.
  3. New Stock Clients are required to pay the regular brokerage fees at the time of trading. The waived brokerage fee during the waiver period will be refunded to New Stock Clients’ settlement account linked to the securities account within 6 months of the corresponding stock transaction month. New Stock Clients should maintain a valid securities account and settlement account at the time when the refund is made.
  4. The Program cannot be enjoyed together with "Up to a lifetime fee waiver on stock purchases" Program.
  5. The Program is not available to clients who are the employees of the Bank or Citibank N.A. or its subsidiaries during the Promotion Period.

Illustration: A New Stock Client who opens a securities account on January 20, 2015, hence, January 2015 will be the 1st calendar month.

Turnover in the month (HK$)
Month Transaction month Successful Monthly
Payroll Deposit*
Brokerage Fee Waiver
for Buy Trades
BUY SELL

Condition: New Stock Clients must have a Successful Payroll Deposit within the first 3 calendar months and continue every month thereafter to enjoy the Brokerage Fee Waiver every month

1st January 2015 No Yes
(New stock clients can start to enjoy the Brokerage Fee Waiver during the first 3 months grace period even if there is no Successful Payroll Deposit yet)
- -
2nd February 2015 No HK stock HK$700,000
Total brokerage fee refund
= HK$1,400
HK stock HK$100,000
3rd March 2015 YES - -
4th April 2015 Yes Yes
(As there was the first Successful Payroll Deposit within the first 3 months and it continued this month)
- -
5th May 2015 Yes Yes
(As there was a Successful Payroll deposit this month)
HK stock HK$500,000
Total brokerage fee refund
= HK$1,000
HK stock HK$200,000
6th June 2015 No No
(As there was no Successful Payroll deposit this month)
HK stock HK$50,000
(No Brokerage Fee Refund)
-
*
Deposit monthly salary of HK$10,000 or above into the Step-Up Interest Account via the autopayroll service or standing instructions.
1
If there is no Successful Payroll Deposit within the first 3 calendar months of account opening and continuation of Successful Payroll Deposit every month thereafter, the "Payroll for continuous stock fee waiver" offer will be terminated in the 4th calendar month and cannot be resumed. From the 4th calendar month onwards, if there is no record of Successful Payroll Deposit or if the payroll account is cancelled in any single month, the "Payroll for continuous stock fee waiver" offer will be terminated in that month and cannot be resumed.
2
Refund figures are based on an assumed brokerage fee of 0.2% of the trading turnover.

(II) Terms and Conditions for No Minimum Brokerage Fee Offer:

  • No Minimum Brokerage Fee Offer (the "No Minimum Brokerage Fee Offer") is valid from January 1, 2015 to March 31, 2015.
  • Citigold Private Clients, Citigold clients and Citibanking Citi At Work payroll clients who conduct HK stock transactions via Citibank Online or Citibank Mobile Securities Services will have the minimum brokerage fee (HKD/RMB100 per transaction) waived. The No Minimum Brokerage Fee Offer is not applicable to transactions conducted via Dedicated Trading Hotline.

(III) Important notes for the International Toll-free Securities Trading Hotline:

  • Toll-free calls can either be made via mobile phones or fixed telephone lines.
  • Not applicable to calls made by mobile phones connected to KG Telecom.
  • Not applicable to calls made by mobile phones in Belgium, Brazil, Canada, Denmark, Germany, Hawaii, Malaysia, New Zealand, Philippines, Sweden, Switzerland or the U.S.
  • Customers' calls may be subject to additional charges by service providers or third parties (e.g. hotels). Please check with the relevant parties for details.

(IV) General Terms and Conditions:

  • Clients will still be charged non-brokerage fee items such as, but not limited to, Stamp Duty, Transaction Levy and Trading Fee where applicable.
  • The Bank will credit the refund amount to a client’s Hong Kong Dollar settlement account. If only a US Dollar/Renminbi (RMB) settlement account is linked to the securities account, the refund amount will be credited to that account. An exchange rate of USD1 = HKD7.8/RMB1 = HKD1.2 will be used for all calculations.
  • Online IPO application handling fee waiver is valid until March 31, 2015.
  • The above offers cannot be used in conjunction with any other offers.
  • The Bank reserves the right to suspend, amend and terminate the offers and change the Terms and Conditions from time to time without prior notice.
  • The Bank reserves the right of final decision in the event of dispute.

C. Terms and Conditions of Citibank ATM Card:

Remarks:

  • Applicable to overseas cash withdrawal from Citibank and non-Citibank ATMs by clients of Citibank (Hong Kong) Limited. Waiver limited to handling charge incurred by Citibank (Hong Kong) Limited.
  • Illustration for Cash Rebate Calculation: The 1% cash rebate is only applicable to Eligible Transactions posted within the 90-day period from the day after the first Card is issued. For example, if the Card is issued on May 1, 2013, the 1% cash rebate applies to Eligible Transactions posted from May 2, 2013 to July 30, 2013.

Terms & Conditions:

  • Citibank ATM Card, with a point-of-sale debit payment function via the Visa Network (the "Card"), is only available for card-present transactions. The Card must be presented to the merchant when payment is made. The following transactions, including but without limitation, are not applicable to the Card: recurring transactions, auto-pay, mail/fax/phone/online order and installment payments.
  • The payment amount will be directly debited from a HKD savings/checking account (the "Bank Account") linked to the Card. The Cardholder must ensure there is sufficient balance in the Banking Account for the settlement of the total payment amount. Citibank (Hong Kong) Limited ("Citibank") reserves the right to reject the transaction or debit the Bank Account to a negative balance if there are insufficient funds in the Bank Account to settle the payment.
  • Unless otherwise specified, the Citibank ATM Card Cash Rebate Program (the "Program") is applicable to the Card issued by Citibank.
  • During the Program, cardholders will earn designated cash rebates for Eligible Transactions (as defined in Clause 5 below) made by the Card within a certain period. The cash rebate amount will be calculated by multiplying the single net Eligible Transaction amount in Hong Kong dollars by the respective rebate percentage. The cash rebate is not applicable to transactions, including without limitation to payment to the Inland Revenue Department, casino transactions, transactions without sales slips, other unauthorized transactions and unposted/cancelled/refunded transactions. Citibank reserves the right to change the rebate ratio and the criteria for Eligible Transactions at any time and without prior notice. The decision of Citibank as to what constitutes an Eligible Transaction shall be final and conclusive.
  • Eligible Transactions (the "Eligible Transactions") only include posted transactions from point-of-sale debit payment functions made by the Card via the Visa Network.
  • To enjoy the cash rebate, the relevant Card and the Bank Account must be valid (meaning not cancelled or terminated) and are regarded as being in good standing by Citibank.
  • If transactions are confirmed to qualify for a cash rebate after verification by Citibank at its sole and absolute discretion, the corresponding cash rebate will be automatically credited to the Bank Account and shown in the next monthly statement. Until it is credited to the Account, it is not transferrable and cannot be converted to cash.
  • Should any transactions in the monthly statement be cancelled or refunded for whatever reason, the cash rebate earned in respect of those transactions will be deducted or cancelled from the Bank Account.
  • Fraud and abuse will result in forfeiture of a cardholder's eligibility to participate in this Program. Citibank reserves the right to withdraw the equivalent value of the cash rebate directly from a cardholder's Bank Account without prior notice.
  • Relevant terms and conditions regarding the year-round privileges are applicable to the Card. Citibank shall not be responsible for any matters in relation to the related products and services. The respective merchant is solely responsible for all obligations and liabilities relating to such products or services and all auxiliary services. Please refer to http://www.citibank.com.hk/atmcard for details.
  • Citibank is entitled at any time and without any prior notice or liability in any form whatsoever to perform the following: terminate the Program; cancel or vary its benefits or features; vary, add to or delete any of these Terms and Conditions; and modify or limit the value of the cash rebate amount. For details, please refer to the Citibank ATM Card section on Citibank's website or ask staff at Citibank branches.
  • Cardholders must keep all original merchant sales receipts and sales slips and may be required to submit the relevant receipts/sales slips for inspection upon Citibank's request.
  • All matters and disputes will be subject to the final decision of Citibank.

The English version of these Terms and Conditions shall prevail wherever there is a discrepancy between the English and the Chinese versions.

D. Terms and Conditions for Step-Up Interest Account ("the account")

Remarks:s

  • All interest rates are annualised interest rates that are for reference only and are not guaranteed.
  • The bonus interest rate will be reset to zero on the last day of every 18 months after account opening.
  • Customers fulfilling the minimum growth amount of the month will be entitled to an increment of the Step-Up Counter by "1", and each consecutive increment in the Step-Up Counter will translate into a 0.05% p.a. incremental Bonus Interest Rate.
  • All months mentioned above refer to calendar months.
  • The current Minimum Growth Amount is HK$4,000, the amount is subject to change from time to time.
  • The Daily Average Account Balance mentioned refers to current month's Daily Average Account Balance.
  • Interest of the Account is composed of the following 2 components:
    • Base Interest4 is calculated with reference to the Daily Account Balance and is accrued on a daily basis. Tier pricing applies as below:
    • Balance (HK$) Base Interest (p.a.)
      0 to ≤ 1,000,000 0.25%
      >1,000,000 0.01%
    • Bonus Interest4 is calculated with reference to current month's Daily Average Account Balance, subject to the below terms:
      • Customers are eligible for the Bonus Interest only if the current month's Daily Average Account Balance is higher than or equal to previous month's Daily Average Account Balance by the Minimum Growth Amount (HK$4,000 as of January 1, 2014 which is subject to change from time to time) pre-determined by Citibank (Hong Kong) Ltd ("the Bank").
      • Subject to other terms stated herein, fulfilling the criteria stated in (i) will enable an increment of the Step-Up Counter by "1" and each consecutive increment in Step-Up Counter will translate into a 0.05% increment Bonus Interest Rate. For details, please refer to below "Step Up Counter Bonus Interest Rate" table:
      • Step-Up Counter Incremental Bonus Interest Rate (p.a.) Accumulated Bonus Interest Rate (p.a.)
        0 0.00% 0.00%
        1 0.05% 0.05%
        2 0.05% 0.10%
        3 0.05% 0.15%
        4 0.05% 0.20%
        5 0.05% 0.25%
        6 0.05% 0.30%
        7 0.05% 0.35%
        8 0.05% 0.40%
        9 0.05% 0.45%
        10 0.05% 0.50%
        11 0.05% 0.55%
      • The cap of the Step-Up Counter is 11 whereas the absolute cap of the Bonus Interest Rate is 0.55% p.a..
      • The Step-Up Counter will be reset to zero on the last day of every 18 months after account opening.
      • The Bonus Interest Rate applies to maximum Account Balance of HK$1,000,000 only.
      • If customer fails to step-up the current month's Daily Average Account Balance with the Minimum Growth Amount, the Step-Up Counter and hence the Bonus Interest Rate will be reset according to below logic:
      • Existing Step-Up Counter New Step-Up Counter Bonus Interest Rate (p.a.) Total Interest Rate (p.a.)
        0-5 0 0.00% 0.25%
        6-10 6 0.30% 0.55%
        11 11 0.55% 0.80%
      • Bonus Interest will be credited to the Account on the first business day of the subsequent month.
  • Bonus Interest will be credited to the Account on the first business day of the subsequent month.
  • For Citibanking Customers whose "Average Daily Combined Balance" falls below the minimum balance requirement, a monthly service fee will be charged (for details of the fee and the minimum balance requirement, please refer to the latest service fee guide which is available at the bank's branches or the bank's website www.citibank.com.hk). Customers using the Account for payroll are eligible for preferential minimum balance waiver until further notice. Customers must continuously use the Account for payroll or the Bank reserves the right to convert the Account to a HKD Savings/ Checking Account, and terminate the above offers anytime without prior notice.
  • All the rates, Terms and Conditions of the Account including but not limited to Interest rates (Base Interest Rate & Bonus Interest Rate), Minimum Growth Amount, Cap of Step-Up Counter, Bonus Interest Rate cap, Amount eligible for Bonus Interest Rate, Counter Reset mechanics, Minimum Balance Waiver and other features of the Account are subject to periodic reviews and may be changed at the Bank's sole discretion. The Bank reserves the final right to determine whether to award the Bonus Interest to the Account.
  • Should there be any Interest rates (Base Interest Rate & Bonus Interest Rate) changes, the Bank shall notify customers through notices posted at branch premises and the Bank's website (www.citibank.com.hk). Customer should pay attention to the notices available from the aforementioned sources.
  • The Terms and Conditions of Step-Up Interest Account shall be in addition and supplementary to and not in substitution or in derogation of the Terms and Conditions for Accounts and Services and all other Terms and Conditions applicable to customers from time to time. In case of any inconsistency between the Terms and Conditions of Step-Up Interest Accounts and the Terms and Conditions for Accounts and Services, the Terms and Conditions herein contained shall prevail. Citibank (Hong Kong) Limited reserves the right to amend the Terms and Conditions without prior notice. All matters or disputes will be subject to the final decision of Citibank (Hong Kong) Limited. If there is any inconsistency between the English version and the Chinese version, the English version shall prevail.

Important Disclaimer

You should seek advice from your professional advisors as to your particular tax position, including but not limited to estate duty and withholding tax that might arise from investing in overseas products. This material is for information purpose only and does not constitute any offer or solicitation or advice to buy or sell any security. Investments are not bank deposits and are not obligations of, guaranteed or insured by Citibank (Hong Kong) Limited, Citibank, N.A., Citigroup Inc. or any of its affiliates or subsidiaries, or by any local government or insurance agency, and involve risks, including the possible loss of the principal amount invested. Share prices may go down as well as up. Investment products are not available for U.S. persons and might only be applicable to limited jurisdiction. Any person considering an investment should seek independent advice on the suitability or otherwise of the particular investment.

The English version of these Terms and Conditions shall prevail wherever there is a discrepancy between the English and the Chinese versions.