ABOUT US

Your SME cost

management solution

Your SME cost management solution

Citibank® is dedicated to serving with our comprehensive services. You can handle your daily payments and resources with ease. With our SME cost management solution, you can focus on managing your expenditures and maximize the potential growth of your business.

Act Now

Enquiry Hotline (852) 2860 0267 (852) 2860 0267 or visit your nearest Citibank® branch.

Features

Cost Savings

  • Preferential fee for inward and outward remittance1
  • Monthly service fee waived by keeping your account balance at or above HK$10,0002

Remittance Fee charges1 Citibanking® Citi Priority® Citigold®
Outward Telegraphic Transfer (TT) Online: HK$100
Branch: HK$220
Online: Free
Branch: HK$220
Online: Free
Branch: HK$100
Outward CHATS3 Online: HK$50
Branch: HK$180
Online: Free
Branch: HK$180
Online: Free
Branch: HK$100
Inward Remittance Free Free Free

Example:

Mr. Wong owns an electronic components trading company which has business dealings with overseas and local manufacturers. They mainly use banking remittance service as a means to settle their payments. Mr. Wong handles over 200 outward remittance transactions to manufacturers and 100 inward remittance from buyers a year. Those transaction fees cost HK$46,0004.

Citigold® clients enjoy outward remittance fee as low as HK$100 and FREE inward remittance. In Mr. Wong’s case, we can help him save HK$26,000 in transaction fees a year to maximize his profit.

Convenient Access

  • General SME services with convenient document collection service at all branches until 7PM
  • 24-hour CitiBusiness® Hotline
  • Easily accessible and free worldwide ATM withdrawal and Citibank® Global Transfer5

Dedicated SME Service

  • Dedicated CitiBusiness® Consultant to provide expert solutions for SME financing needs
  • SME information and networking events to keep clients abreast of the market
  • 5 CitiBusiness® Centers to provide dedicated SME services

What’s More?

Citi Commercial Bank offers comprehensive one-stop banking solutions to SMEs and mid-cap companies with an annual sales turnover of US$10 million and above.

Please click here to learn more.

Product

Cash Management

Tailor-made solutions with Banking Accounts and Transfers services for you to manage your company's cash flow with greater convenience and efficiency.

  • Local Inter-bank Funds Transfer (CHATS)3, telegraphic transfer (TT) and Citibank® Global Transfer (CGT)
  • Consolidated account of Checking, Statement Savings and Currency Manager

Business Installment Loan

Whether you are expanding your business or starting up a new one, you need sufficient capital for all your operations.

  • Loan limit of up to HK$2,000,000
  • Fast and easy application
  • No collateral required

Trade

Citibank’s®Trade Service helps you improve cash flows, shorten trade cycles and strengthen risk management.

  • Documentary Trade
  • Open Account Trade
  • Trade Finance

Insurance and Investment

Our Insurance products help ensure your business runs smoothly when unanticipated events occur.

  • Citibank® provides a variety of insurance solutions, for example, Keyman Insurance, Partnership Insurance, which help your company achieve ultimate objective.

We also offer you a wide range of investment products and expert advice to suit your needs.

Commercial Mortgages

Available in the form of Installment Loan, Business Overdraft or a combination of both. Maximum mortgage loan up to 70% of appraised property value.

(Subject to type and age of property and approval)

SME Financing Guarantee Scheme

In partnership with The Hong Kong Mortgage Corporation Limited, Citibank provides an SME Financing Guarantee Scheme which aims to help small and medium-sized businesses obtain loans to help their growth.

  • 80% guarantee protection to the approved eligible loan facilities
  • Instalment loan and revolving facility are available6
  • Repayment tenors up to 5 years

Merchant Acquiring Services

We offer extensive and one-stop solutions which enable you to do business and accept card payments efficiently and effectively.

Our Credit Card Merchant Acquiring Services enable you to:

  • Accept Visa, MasterCard, China UnionPay, Diners Club and Octopus.
  • Offer value-added services such as Dynamic Currency Conversion, Mobile Payment Solutions, Installment Payment Plans.

Merchant Services Hotline: 2865 7771

Document Required

Documents Required for CitiBusiness® Account Opening

Principals or Directors Information
  • HKID Card or Passport of Principals or Directors in photocopy
  • Residential Proof of Principals or Directors in photocopy
Company Information
  • Valid Business Registration Certificate
  • Certificate of Incorporation*
  • Memorandum and Articles of Association*
    (With Customer’s signature)
  • Business Address Proof
  • Extra Documents for BVI Company : Certificate of Incumbency
  • Business Operating Proof^
  • Registration of society+
  • Rules and registrations+

* Applicable to Limited Company only
^ Examples: Sales Invoice/Purchase Order /Sales Agreement / Tenancy Agreement (for retail shop) ... etc
+ Applicable to Association
CitiBusiness® Account Opening Status Enquiry Hotline (852) 2962 3688

  • Investment A trustworthy investment partner
  • Citi Commercial Bank

Remark:Remark:

1
Please refer to Citibank service fee for details.
2
Citigold is exclusive for clients who maintain the “Average Daily Combined Balance” of HK$1,500,000 or above, otherwise we reserve the right to convert his / her Citigold account to a Citi Priority or Citibanking account. Should the “Average Daily Combined Balance” fall below HK$1,000,000 for 3 consecutive months, a monthly service fee of HK$300 will be charged (the monthly service fee for Offshore Banking clients is HK$500 or equivalent). 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” falls below the minimum balance requirement for 3 months, a monthly service fee of HK$120 will be charged (the monthly service fee for Offshore Banking clients is HK$400 or equivalent). 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). For the fees of individual services, please refer to the latest service fee guide.
3
Local Inter-bank Funds Transfer refers to transfer via Clearing House Automated Transfer System — CHATS.
4
In general, bank charges for outward and inward remittance are HK$200 and HK$60 respectively.
5
Applicable to handling fees incurred by Citibank (HK) Ltd only. For incoming fund transfers from overseas Citibank branches, please refer to each originating country's fees and charges. This service is only applicable to clients of Citibank (Hong Kong) Limited. Transaction screening may apply, this may lead to the delay of the transaction. If the transaction involves currency conversion, such currency conversion will be converted at the prevailing exchange rate for this service as determined by the Bank on the conversion day.
6
Please contact our Business Relationship Manger for more details.

Disclaimer: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 non-local 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. The English version shall prevail should there be any discrepancy between the English and the Chinese versions.