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Payroll for an Extra Bonus! Earn up to HK$2,700 Cash Rebate

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Get an Extraordinary Double Pay! Earn up to 30,000 Miles

Get your monthly pay with an extra bonus! From now till 31 March 2016, simply open a Citi account to receive your salary and earn extra cash rebate with an array of fabulous privileges. Make your payroll more rewarding than ever!

Open a new Citi account and deposit new funds to get up to HK$2,700 cash rebate:
Payroll Account Reward up to HK$1,000 Cash Rebate +
New Funds Reward up to HK$1,400 Cash Rebate +
Mutual Funds Account Reward HK$300 Cash Rebate =
Up to HK$2,700 Cash Rebate
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More fabulous privileges: Exclusive Stock Account offers
  • Simply deposit your monthly salary in a payroll account and continue every month thereafter to enjoy an unlimited HK stock buy fee waiver every month2,3!
  • Successfully transfer-in stock via Citibank Online to get HK$200 cash coupon4.

Want to learn more offers for stock account? 

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Interest Rate of up to 0.8% p.a.
  • "Step-up interest"D with preferential deposit interest rate of up to 0.8% p.a.
  • Interest rate increase monthly for 12 consecutive months as your balance increases
  • Base interest rate of up to 25 times your normal savings rate
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Application hotline: 2860 0230

Open a new Citi account and deposit new funds to get up to HK$2,700 cash rebate1:

Apply Now

More fabulous privileges:

Exclusive Stock Account offers

  • Simply deposit your monthly salary in a payroll account and continue every month thereafter to enjoy an unlimited HK stock buy fee waiver every month2,3!
  • Successfully transfer-in stock via Citibank Online to get HK$200 cash coupon4.

Want to learn more offers for stock account?  

Apply Now

Interest Rate of up to 0.8% p.a.

  • "Step-up interest"D with preferential deposit interest rate of up to 0.8% p.a.
  • Interest rate increase monthly for 12 consecutive months as your balance increases
  • Base interest rate of up to 25 times your normal savings rate

Terms and Conditions:

Remarks:
1. The welcome offer will be credited to each eligible client's Account within the fifth calendar month following the month of the account opening.
2. "HK stock buy trade fee waiver" offer is applicable to HK stock buy transactions only within the first 3 calendar months of securities account opening. 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.
3. New stock clients have to deposit a monthly salary of HK$15,000 or above into a Citibank payroll account named Step-Up Interest Account via the autopayroll service or standing instructions ("Successful Payroll Deposit") from the 4th calendar month of securities account opening and continue to have a Successful Payroll Deposit every month thereafter in order to enjoy the brokerage fee waiver" ( "Payroll for continuous stock fee waiver" offer). 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.
4. Clients must successfully transfer-in stock via the "Stock Transfer" function from Citibank Online during the promotion period in order to be eligible for HK$200 cash coupon. Each client can only enjoy once during the promotion period.
   
* 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. 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. 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.


A. General Terms & Conditions:
1. All offers are not applicable for U.S. persons, except deposit interest rate.
2. Once an offer has been selected and accepted by Citibank (HK) Limited ("the Bank"), no cancellation or change can be made.
3. For joint accounts, only one offer will be given to the Primary Account Holder.
4. The Bank reserves the right to claim for the refund of the gift should the new account be closed within 3 months from the date of account opening, or the new client's "Average Daily Combined Balance" falls below the minimum balance requirement within 3 months from the date of account opening.
5. If the 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.
6. The Bank reserves the right to amend the above Terms and Conditions from time to time and is entitled at any time without any liability in any manner whatsoever to alter the program without prior notice. Should there be any dispute, the Bank's decision will be final.
7. The English version of these Terms and Conditions shall prevail wherever there is a discrepancy between the English and the Chinese versions.


B. Terms & Conditions of Welcome Offers
1. The Promotion Period is valid from January 1, 2016 to March 31, 2016, inclusive of both dates ("Promotional Period").
2. All offers are not applicable to existing banking clients of the Bank and clients who had a banking relationship with the Bank in the last 12 months
3. Payroll Account Offer:
i. Citi Priority:
The Citi Priority new clients must fulfill the following to enjoy the Payroll offer: (a) start depositing monthly salary (payroll) of HK$20,000 or above into the Step-Up Interest Account every month via the auto payroll service or standing instructions within 3 months from the account opening month; (b) 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); and(c) enroll in the e-Statement Service at the time of account opening.
ii. Citibanking
The Citibanking new clients must fulfill the following to enjoy the Payroll offer: (a) start depositing monthly salary (payroll) of HK$15,000 or above into the Step-Up Interest Account every month via the auto payroll service or standing instructions within 3 months from the account opening month; (b) 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); and (c) enroll in the e-Statement Service at the time of account opening.
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. Cash rebates will be credited to each eligible client's Payroll Account within five calendar months following the month of the account opening.
4. New Funds Offer:
i. Citi Priority:
The Citi Priority new clients must fulfill the following to enjoy the New Funds Offer:
a. To be eligible for HK$1,400 cash rebate, new clients must successfully open a Citi Priority account and bring in new funds of HK$1,000,000 within the calendar month following the month of the account opening and maintain HK$1,000,000 or above for 3 months and sign the fund maintenance agreement.
b. To be eligible for HK$800 cash rebate, new clients must successfully open a Citi Priority account and bring in new funds of HK$500,000 within the calendar month following the month of the account opening and maintain HK$500,000 or above for 3 months and sign the fund maintenance agreement.
c. New clients must enroll in the e­Statement Service at the time of account opening.
d. The minimum requirement for Citi Priority account opening is HK$500,000. Citi Priority clients need to maintain the "Average Daily Combined Balance" of HK$500,000 or above, and will be eligible for monthly service fee waiver. Should the "Average Daily Combined Balance" fall below the minimum balance requirement for 3 consecutive months, a monthly service fee of HK$120 will be charged (the monthly service fee for Offshore Banking clients is HK$400 or equivalent). For the fees of individual services, please refer to the latest service fee guide.
ii. Citibanking
The Citibanking new clients must fulfill the following to enjoy the New Funds Offer:
a. To be eligible for HK$300 cash rebate, new clients must successfully open a Citibanking account and bring in new funds of HK$200,000 within the calendar month following the month of the account opening and maintain HK$200,000 or above for 3 months and sign the fund maintenance agreement.
b. New clients must enroll in the e-Statement Service at the time of account opening.
c. 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$60 (or equivalent) monthly service fee (HK$400 or equivalent for Offshore Banking clients). Service charges for certain products apply.
iii. New funds exclude transfer of funds within the Bank. Transfer-in Mutual Funds / Bonds / Securities will be counted as New Funds. Only Mutual Funds offered by the Bank, Citibank, N.A., Citigroup Inc. will be accepted. The transfer-in process will at least take 2 to 3 months.
iv. 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.
v. Cash rebates will be credited to each eligible client's Account within five calendar months following the month of the account opening.
5. Terms & Conditions of Mutual Funds Account Offer
i. To be eligible for HK$300 cash rebate, new Clients must successfully open a Mutual Funds Account within the calendar month following the month of the account opening;
ii. Cash rebates will be credited to each eligible client's Account within five calendar months following the month of the account opening.


C. Terms & Conditions of Stock Offers:
1. Terms and Conditions for "Payroll for continuous stock fee waiver" Program
i. 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 January 1, 2016 to March 31, 2016 (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.
ii. 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:
a. New Stock Clients can enjoy the Brokerage Fee Waiver within the first 3 calendar months of securities account opening.
b. New Stock Clients have to deposit monthly salary of HK$15,000 or above into the Step-Up Interest Account via the auto payroll service or standing instructions from other banks ("Successful Payroll Deposit") from the 4th calendar month 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, 2016 has to have a Successful Payroll Deposit on or before April 30, 2016, 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.
iii. 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.
iv. The Program cannot be enjoyed together with "Up to a lifetime fee waiver on stock purchases" Program.
v. 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 21, 2016, hence, January, 2016 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 from the 4th calendar month and continue every month thereafter to enjoy the Brokerage Fee Waiver every month
1st January 2016 No Yes
(New stock clients can enjoy the Brokerage Fee Waiver even if there is no Successful Payroll Deposit yet)
- -
2nd February 2016 No HK stock HK$700,000
Total brokerage fee refund = HK$1,400
HK stock HK$100,000
3rd March 2016 No - -
4th April 2016 Yes Yes
(As there was the first Successful Payroll Deposit from the 4th calendar month)
- -
5th May 2016 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 2016 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$15,000 or above into the Step-Up Interest Account via the auto payroll service or standing instructions.

Remarks:
i. 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.
ii. Refund figures are based on an assumed brokerage fee of 0.2% of the trading turnover.
2. Terms and Conditions for stock transfer-in offer
i. The promotion is valid from January 1 – March 31, 2016 ("Promotion Period")
ii. The offer is only eligible for clients who open new stock account during the promotion period, and must not have cancelled or held any sole or joint stock account with the Bank within the past 12 months.
iii. Clients must successfully transfer-in stock via the "Stock Transfer" function from Citibank Online during the promotion period, to be eligible for a HK$200 cash coupon.
iv. Each client can only enjoy the offer once during the promotion period.
v. Cash coupons will be sent to eligible clients within 6 months upon successful transferred-in.
3. Terms and Conditions for No Minimum Brokerage Fee Offer
i. No Minimum Brokerage Fee Offer (the "No Minimum Brokerage Fee Offer") is valid until December 31, 2015.
ii. Citigold Private Clients, Citigold clients, Citi Priority 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 the Dedicated Trading Hotline.
4. General Terms and Conditions:
i. All offers are not applicable for U.S. persons, except deposit interest rate.
ii. Once an offer has been selected and accepted by Citibank (HK) Limited ("the Bank"), no cancellation or change can be made.
iii. For joint accounts, only one offer will be given to the Primary Account Holder.
iv. The Bank reserves the right to claim for the refund of the gift should the new account be closed within 3 months from the date of account opening, or the new client's "Average Daily Combined Balance" falls below the minimum balance requirement within 3 months from the date of account opening.
v. If the 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.
vi. The Bank reserves the right to amend the above Terms and Conditions from time to time and is entitled at any time without any liability in any manner whatsoever to alter the program without prior notice. Should there be any dispute, the Bank's decision will be final.
vii. 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:
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.
1. Interest of the Account is composed of the following 2 components:
a. 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%
b. Base Interest4 is calculated with reference to current month's Daily Average Account Balance, subject to the below terms:
 
i. 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 October, 2015 which is subject to change from time to time) pre-determined by Citibank (Hong Kong) Ltd ("the Bank").
ii. 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.) ccumulated 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%
iii. The cap of the Step-Up Counter is 11 whereas the absolute cap of the Bonus Interest Rate is 0.55% p.a..
iv. The Step-Up Counter will be reset to zero on the last day of every 18 months after account opening.
v. The Bonus Interest Rate applies to maximum Account Balance of HK$1,000,000 only.
vi. 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%
vii. Bonus Interest will be credited to the Account on the first business day of the subsequent month.
2. The current month's Daily Average Account Balance is calculated by dividing the sum of the Daily Account Balance by the number of calendar days of the current month.
3. 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.
4. 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.
5. 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.
6. 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 only and does not constitute any offer or solicitation to buy or sell. Investments should not be treated as a substitute for time deposits. Investors should refer to the relevant investment products offering documents for detailed information prior to subscription. Investments are not bank deposits and involve risks, including the possible loss of the principal amount invested. Investors investing in investment products denominated in non­local currency should be aware of the risk of exchange rate fluctuations that may cause a loss of principal. Unit prices may go down as well as up. Past performance is not indicative of future performance. Unless specified, these investments 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. Investment products are not eligible for U.S. persons and might only be applicable to limited jurisdiction. Potential investors should consider if an investment is suitable for them in the light of their own financial position, investment objectives and risk profile.

Foreign currency trading is subject to rate fluctuations which may provide both opportunities and risks. Investors may experience a loss when they convert foreign currency back to their home currency. Investors should therefore carefully consider whether such trading is suitable for them in light of their own financial position, investment objectives and risk profile. Exchange Controls imposed by the relevant authorities may also adversely affect the applicable exchange rate. Citibank or any of its associates will benefit from the origination and distribution of the in-house product.

Citibank (Hong Kong) Limited’s role is limited to introducing the insurance product only and Citibank (Hong Kong) Limited shall not be responsible for any matters in relation to the products provided. Insurance products are products and obligations of the Insurance Company and not of Citibank (Hong Kong) Limited. Insurance products are not bank deposits or obligations of, or guaranteed or insured by Citibank (Hong Kong).