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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.
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Enquiry and Application Hotline (852) 2860 0234
Welcome OffersLatest TV ad
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 22,000
Details
Stock Services
‧No minimum brokerage fee for stock trades
‧Permanent waivers on deposit and custodian fees
Up to a lifetime fee waiver on stock purchases
Details
Citibank ATM Card
‧Earn 0.5% cash rebate for purchases at any Visa merchant 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
Details
1. 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.
Payroll Account
Earn higher interest plus get a welcome gift of up to 22,000 Asia Miles with a Citibank Payroll Account.
Citibanking
Salary Welcome Offer2 Additional Loyalty Bonus3 TOTAL
HK$10,000 or above 4,000 2,000 6,000
HK$20,000 or above 8,000 2,000 10,000
HK$30,000 or above 13,000 2,000 15,000
Citigold
Salary Welcome Offer2 Additional Loyalty Bonus3 TOTAL
HK$50,000 or above4 18,000 4,000 22,000
2 The 6th month upon account opening.
3 The 13th month upon account opening.
4 For Citigold clients with HK$500,000 new funds.
Asia Miles
Find out more
Register Your Rewards
After account opening, enter your Asia Miles number and register your rewards!
Mileage registration
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Stock Services
We strive to minimize your stock trading costs.
Enjoy unlimited brokerage fee waiver on buy trades of HK Stocks in the first 3 months and extend the waiver up to a lifetime as long as you fulfill the following requirements:
First 3 months 4th month onwards6
Buy/ sell HK stock5 at least once 
within these 3 months Buy/ sell HK stock at least once 
every month
5 An "Eligible Transaction" refers to Hong Kong stock buy or sell 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 regarded as eligible trades for the "Up to a lifetime fee waiver on stock purchases" program.
6 If there is no eligible stock transaction, as stated in Note 2, within the first 3 calendar months of stock account opening, then the "Up to a lifetime fee waiver on stock purchases" program will be terminated in the 4th month and cannot be resumed. And if there is no eligible transaction in any single month starting from the 4th calendar month, the "Up to a lifetime fee waiver on stock purchases" program will be terminated and cannot be resumed in the subsequent month.
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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
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Open a Consolidated Account to enjoy 
up to 6,000
Bringing our network closer to you
Personalized financial services
A global bank for your expanding world
Apply Online
Apply By Phone
Enquiry and Application Hotline (852) 2860 0234
Terms and Conditions:
A. Payroll Account Preferential Deposit interest rate & Welcome Offer:
1. The promotion offer is valid from April 1 to June 30, 2014, inclusive of both dates ("the Promotional Period").
2. Terms and Conditions of Citibank Payroll rewards:
a) 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").
b) 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.
c) 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^.
d) 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^.
e) For Payroll reward, the amount of cash rebate will correspond to the salary tiers and payroll deposit methods stated in the table below:
  Salary Cash Rebate / Asia Miles
Welcome Offer (the 6th month upon account opening) Additional Loyalty Bonus (the 13th month upon account opening) Total
Citibanking Clients HK$10,000 or above HK$300 or 4,000 miles HK$100 or 2,000 miles HK$400 or 6,000 miles
HK$20,000 or above HK$600 or 8,000 miles HK$100 or 2,000 miles HK$700 or 10,000 miles
HK$30,000 or above HK$900 or 13,000 miles HK$100 or 2,000 miles HK$1,000 or 15,000 miles
Citigold Clients New funds of HK$500,000 or above and monthly income of HK$50,000 or above HK$1,600 or 18,000 miles HK$200 or 4,000 miles HK$1,800 or 22,000 miles
f)
i) The Citibanking new clients must fulfill the following to enjoy the Payroll reward:
a. 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;
b. 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);
ii) For Citigold new clients must fulfill the following to enjoy the Payroll reward:
a. 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;
b. 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;
c. 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);
d. 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.
iii) 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 the above requirements of the new Citibank ATM Card with VISA payment function. Please refer to section 2f(viii) for reward credit date.
iv) 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.
v) Eligible clients who choose Asia Miles rewards must be members of Asia Miles and be able to provide a valid Asia Miles 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.
vi) Each Eligible client should acknowledge that his / her Asia Miles registration name, Asia Miles membership number and the total quantity of Asia Miles to be credited will be submitted to Asia Miles Limited for the purpose of crediting miles to his / her Asia Miles account.
vii) Payroll rewards for the welcome offer and additional loyalty bonus are calculated according to the actual monthly payroll deposited in the 5th month and 12th 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.
viii) 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 Additional Loyalty Bonus
Rewards will be according to the payroll on Rewards will be credited before Rewards will be according to the payroll on Rewards will be credited before
April 1-30, 2014 June 30, 2014 August 1-31, 2014 September 30, 2014 March 1-31, 2015 April 30, 2015
May 1-31, 2014 July 31, 2014 September 1-30, 2014 October 31, 2014 April 1-30, 2015 May 31, 2015
June 1-30, 2014 August 31, 2014 October 1-31, 2014 November 31, 2014 May 1-31, 2015 June 30, 2015
ix) Cash rebate will be credited to each eligible client’s Step-Up Interest Account
3. Terms and Conditions of Citibanking New Funds rewards:
a) 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.
b) To enjoy New Funds rewards (HK$400 Cash Rebate or 6,000 Asia Miles), each Eligible Primary Account Holder ("Eligible Client") is required to:
i. bring in New Funds HK$200,000 into the newly opened account within the first month of account opening, AND
ii. maintain the New Funds in the account for 3 months, AND
iii. sign the hold fund agreement of 3 months or above.
c) To be eligible for the Asia Miles rewards, the client must register for the Asia Miles reward via online at www.citibank.com.hk/flynow within one month upon account opening. Overdue registrations will not be eligible for the reward. Client can apply for Asia Miles membership for free on www.asiamiles.com if the client is not a member of Asia Miles. Eligible client who does not register online will be rewarded with cash rebate.
d) Eligible clients who choose Asia Miles rewards must be members of Asia Miles and be able to provide a valid Asia Miles membership number and name printed on the membership card face for crediting Asia Miles. Citibank will reserve the right to reward cash rebate instead of Asia Miles in case of any incorrect information provided by the Eligible Clients.
e) Each Eligible client should acknowledge that his / her Asia Miles registration name, Asia Miles membership number and the total quantity of Asia Miles to be credited will be submitted to Asia Miles Limited for the purpose of crediting miles to his / her Asia Miles account.
f) The New Funds rewards will be credited to Eligible Client within 8 weeks from the date on which the welcome gift requirements are fulfilled. Cash Rebate will be credited to Primary Account (HK$ Statement Savings Account) or Step-up Interest Account.
g) New funds exclude transfer of funds within Citibank.
h) 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.
i) 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.
j) 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.
k) 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.
4. The new clients can enjoy both Citibanking Payroll rewards and New Funds rewards within the promotional period.
5. The above banking welcome offers are not applicable to U.S. persons, except the deposit interest rate.
6. 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.
7. 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.
8. 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.
9. 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.
10. 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. Stock Offers:
(I) Terms and Conditions for "Up to a lifetime fee waiver on stock purchases" Program
1. The "Up to a lifetime fee waiver on stock purchases" Program (the "Program") is only applicable to new stock clients ("New Clients") who have opened a new securities account with Citibank (Hong Kong) Limited (the "Bank") from August 1, 2013 to June 30, 2014 (the "Promotion Period") and have not canceled or held any sole or joint securities account with the Bank within the past 12 months.
2. New Clients can enjoy 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:
 
a. New Clients must have at least one Eligible Transaction* within the first 3 calendar months of securities account opening. E.g. New Client, who opens a securities account within April 2014, is required to conduct at least one buy or sell trade of Hong Kong stocks on or before June 30, 2014, in order to continue enjoying the Brokerage Fee Waiver in the 4th calendar month of securities account opening (the "4th month"). Brokerage fee for all buy trades of Hong Kong stocks within the first 3 calendar months of securities account opening is waived.
b. Starting from the 4th month, the Brokerage Fee Waiver will continue if New Clients perform at least one Eligible Transaction in each calendar month thereafter. If New Clients do not conduct any Eligible Transaction in any month starting from the 4th month, the Brokerage Fee Waiver will be terminated starting from the following month and cannot be resumed.
* Eligible Transaction refers to Hong Kong stock (including callable bull/bear contracts and warrants) buy or sell 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 considered as eligible transactions in the Program.
3. New 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 clients’ settlement account linked to the securities account within 6 months of corresponding stock transaction month.
4. The Program is not eligible to clients who are the employees of the Bank or Citibank N.A. or its subsidiaries during the Promotion Period.
Illustration: A New Client who opens a securities account on April 10, 2014, hence, April 2014 will be the 1st calendar month.
  Turnover in the month (HK$)
Month Transaction month Brokerage Fee Waiver
for Buy Trades
BUY SELL Other transactions
Condition 1 : New Clients must have at least 1 Eligible Transaction* within the first 3 calendar months to continue the Brokerage Fee Waiver to the 4th month
1st April 2014 Yes - - Stock transfer-in
HK$500,000
2nd May 2014 HK stock HK$700,000
Refund brokerage fee
= HK$1,400
HK stock
HK$100,000
-
3rd June 2014 - - -
Condition 2 : Starting from the 4th month, New Clients must have at least 1 Eligible Transaction* in each calendar month to continue the Brokerage Fee Waiver for the following month.
4th July 2014 Yes
(As there was more than 1 Eligible Transactions made in the first 3 months)
- HK stock
HK$200,000
-
5th August 2014 Yes
(As there was 1 Eligible Transaction in the previous month)
HK stock $50,000
Refund Brokerage Fee
= HK$100
HK stock
HK$50,000
IPO Application
HK$10,000
6th September 2014 Yes
(As there was more than 1 Eligible Transaction in the previous month)
- - -
7th October 2014 No
(As there was no Eligible Transaction in the previous month)
- - -
Assuming the brokerage fee is 0.2% of the trading turnover; cells highlighted in grey indicate Eligible
Transaction in the Program.
* Refers to Hong Kong stock (including callable bull/bear contracts and warrants) buy or sell transactionsonly. 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 regarded as eligible trades for the "Up toa lifetime fee waiver on stock purchases" program.
# If there is no eligible stock transaction, as stated above, within the first 3 calendar months of stock account opening, then the "Up to a lifetime fee waiver on stock purchases" program will be terminated in the 4th month and cannot be resumed. And if there is no eligible transaction in any month starting from the 4th calendar month, the Program will be terminated and cannot be resumed in the next month.
   
(II) Terms and Conditions for No Minimum Brokerage Fee Offer:
1. No Minimum Brokerage Fee Offer (the "No Minimum Brokerage Fee Offer") is valid from January 1, 2014 to December 31, 2014.
2. 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:
1. Toll-free calls can either be made via mobile phones or fixed telephone lines.
2. Not applicable to calls made by mobile phones connected to KG Telecom.
3. 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.
4. 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:
1. Clients will still be charged non-brokerage fee items such as, but not limited to, Stamp Duty, Transaction Levy and Trading Fee where applicable.
2. The Bank will credit the refund amount to clients’ 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. Exchange rate of USD1 = HKD7.8/RMB1 = HKD1.2 will be used for all calculations.
3. Clients should maintain a valid securities account and settlement account at the time when the refund is made.
4. The above offers cannot be used in conjunction with any other offers.
5. 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.
6. The Bank reserves the right of final decision in the event of dispute.
 
C. Citibank ATM Card:
(I) Remarks:
1. 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.
2. 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.
   
(II) Terms & Conditions:
1. 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.
2. 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.
3. Unless otherwise specified, the Citibank ATM Card Cash Rebate Program (the "Program") is applicable to the Card issued by Citibank.
4. 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.
5. Eligible Transactions (the "Eligible Transactions") only include posted transactions from point-of-sale debit payment functions made by the Card via the Visa Network.
6. 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.
7. 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.
8. 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.
9. 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.
10. 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.
11. 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.
12. 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.
13. All matters and disputes will be subject to the final decision of Citibank.
 
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.
^ You may visit Citibank website (www.citibank.com.hk)/any branch or 24-hour Citiphone Hotline at 2860 0333 to obtain the latest copy.
* For insurance policy(ies) with savings element, accumulated paid premium means total premium paid minus value of outstanding policy loan. For investment-linked insurance policy(ies), accumulated paid premium means total premium paid minus value of fund sold.