Fees and Rates
We offer 4 types of Transaction Accounts for greater flexibility.
ACCOUNTS
We offer 4 types of Transaction Accounts for greater flexibility.
We offer 4 types of Transaction Accounts for greater flexibility.
Savings Accounts
Savings Accounts are available in 11 currencies and let you earn a competitive daily interest that is credited monthly to your account.
Minimum initial deposit: Personal Business AED, AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, USD US$5,000 (or equivalent) N.A. SGD S$5,000 N.A. Checking Accounts
Checking Accounts are available in 15 currencies. Personalized checkbook is available for SGD and USD Checking Accounts, and we also provide you with a monthly statement showing all cleared checks.
Minimum initial deposit: Personal Business US Dollar Checking Account US$5,000 US$30,000 Singapore Dollar Checking Account S$5,000 S$30,000 Other Foreign Currency Checking Accounts: AED, AUD, CAD, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, ZAR US$5,000
(or equivalent)US$30,000
(or equivalent)$ Interest Checking Accounts
$ Interest Checking Accounts pays daily interest. You can choose between a $ check cleared via Singapore (for $ payments in Singapore) or check clearance via Guam (a US Territory) or both.
Minimum initial deposit: Personal Business Minimum balance to earn interest 0%p.a. interest rate is applied on the account balance. US$5,000 US$20,000 S$ MaxiSave Account
S$ Maxisave Account, which pays daily interest, combines savings and checking facilities in a single account.
Minimum initial deposit: Personal Business A base interest rate will be paid on the entire account balance. US$5,000 $100,000(for non-profit organizations only) Deposits & Withdrawals
Deposits via: a) Foreign currency notes Involving foreign exchange Based on Citibank's prevailing exchange rate Not involving foreign exchange 1% commission in-lieu-of exchange (minimum $10) b) Telegraphic transfers US$ or S$ No charge and immediate value given Other currencies No charge and subject to spot value Third party and other charges which may be applicable to inward remittances, will be passed along at net without mark-up or commission. To ensure that the inward remittance amount received at Citibank is exactly your intended deposit amount, please inform your remitting bank to "Pay the Beneficiary in full". c) Travellers Checks (TCs) Other banks' TCs including those with Citibank private label
Involving foreign exchange $20 per transaction Not involving foreign exchange $20 per transaction and subject to a hold period prior to establishment of deposit d) S$ checks drawn on banks in Singapore
S$ checks drawn on banks in Singapore No charge and immediate value given
e) $ checks drawn on banks in Singapore For participating banks in the MAS $ clearing system S$ Transaction Accounts: Converted at drawee bank's buying rate and immediate value given.Foreign Currency Transaction Accounts: $5 per check with 3 business days clearance For non-participating banks S$ Transaction Accounts: Converted at drawee bank's buying rate and immediate value given.Foreign Currency Transaction Accounts: Checks will be sent to the drawee bank in exchange for sight drafts. Upon receipt of sight drafts, there will be a 7-day hold period prior to establishment of deposit. f) Checks drawn on banks outside their domicile country3 Checks drawn on banks outside their domicile country3 Checks will be sent for collection prior to establishment of deposit. Collection charges will apply. Involving foreign exchange Collection charges: 1/8% commission (minimum $100) plus postage cost (where applicable) Not involving foreign exchange Collection charges: 3/8% commission (minimum $200) plus postage cost (where applicable) g) Other foreign currency checks drawn on country of currency3 e.g. $ checks drawn in USA
Other foreign currency checks drawn on country of currency3 e.g. $ checks drawn in USA $5 per check and subject to a hold period prior to establishment of deposit Withdrawals via: a) Foreign currency notes2 Involving foreign exchange Based on Citibank's prevailing exchange rate Not involving foreign exchange 1% commission in-lieu-of exchange (minimum $10) b) Telegraphic transfers Involving foreign exchange 1/8% commission (minimum $20) plus postage or cable cost (where applicable) Not involving foreign exchange 1/8% commission (minimum $20) plus 1/8% in-lieu-of exchange (minimum $10) and postage or cable cost (where applicable) c) Travellers Checks (TCs) Involving foreign exchange 1% commission (minimum $20) Not involving foreign exchange 1% commission (minimum $20), plus 1/8% in-lieu-of exchange (minimum $10) d) Cashier's Order in Singapore Dollars Same party as account holder $10 per check plus postage (where applicable) Third party $10 per check plus postage (where applicable) e) Cashier's Order in US Dollars Involving foreign exchange 1/8% commission (minimum $20) and postage cost (where applicable) Not involving foreign exchange 1/8% commission (minimum $20) plus 1/8% in-lieu-of exchange (minimum $10) and postage cost (where applicable) f) SHIFT Local Electronic Funds Transfer (in S$) SHIFT Local Electronic Funds Transfer (in S$) $20 per transaction Other Fees & Charges
Other Fees & Charges a) Stop payment for checks Singapore Dollar Account $30 per check US Dollar Account $30 per check b) Returned check Singapore Dollar Account $30 per check for all return reasons US Dollar Account $30 per check for all return reasons c) Marked checks Marked through clearing $20 per check Direct marking $30 per check plus transport cost d) Checkbook replenishment Checkbook replenishment Free e) ATM transactions (Local & Overseas) ATM transactions (Local & Overseas) Free. No charge from Citibank Singapore but local and overseas ATM charges may apply f) Foreign checks sent for Overseas Collection Involving foreign exchange 1/8% commission (minimum $100) plus postage or cable cost (where applicable) Not involving foreign exchange 3/8% commission (minimum $200) plus postage or cable cost (where applicable) Please note that the minimum account balance requirement for a Citibank account is at US$200,000 and there is a monthly service fee of US$50 if the total relationship balance (TRB)[1] is less than or falls below US$200,000.
[1] ‘Total Relationship Balance’ (TRB) is calculated at customer level.
It is the sum of:- (i) the average daily balance of your checking, savings and deposit accounts,
- (ii) the average daily value of your investments, and
- (iii) all outstanding amount(s) payable on your secured loan accounts as of the date of your last statement
Foreign Currency Time Deposits
There is a wide range of currencies to choose from with tenures from 1 week to 12 months. Interest rates paid vary according to the tenure and amount deposited. With just one call to our 24-Hour CitiPhone Banking and the use of your Customer Identification Number (CIN) and Telephone Personal Identification Number (TPIN), you can switch tenures or currencies of your time deposits at your convenience.
Available in:
- US Dollar
- Australian Dollar
- Canadian Dollar
- Euro
- Swiss Franc
- Japanese Yen
- New Zealand Dollar
- Sterling Pound
- Hong Kong Dollar
- Other currencies1
Minimum initial deposit $50,000 or equivalent
Minimum initial deposit $5,000 or equivalent (Online)
Deposits via: a) Foreign currency notes Involving foreign exchange Based on Citibank's prevailing exchange rate Not involving foreign exchange 1% commission in-lieu-of exchange (minimum $10) b) Telegraphic transfers $ or S$ No charge and immediate value given Other currencies No charge and subject to spot value Third party and other charges which may be applicable to inward remittances, will be passed along at net without mark-up or commission. To ensure that the inward remittance amount received at Citibank is exactly your intended deposit amount, please inform your remitting bank to "Pay the Beneficiary in full". c) Travellers Checks (TCs) Other banks' TCs including those with Citibank private label Involving foreign exchange $20 per transaction Not involving foreign exchange $20 per transaction and subject to a hold period prior to establishment of deposit d) S$ checks drawn on banks in Singapore S$ checks drawn on banks in Singapore No charge and immediate
value givene) $ checks drawn on banks in Singapore For participating banks in the MAS $ clearing system $5 per check with 3 business days clearance For non-participating banks Checks will be sent to the drawee bank in exchange for sight drafts. Upon receipt of sight drafts, there will be a 7-day hold period prior to establishment of deposit f) Checks drawn on banks outside their domicile country3 Checks drawn on banks outside their domicile country3 Checks will be sent for collection prior to establishment of deposit. Collection charges will apply. Involving foreign exchange Collection charges: 1/8% commission (minimum $100) plus postage cost (where applicable Not involving foreign exchange Collection charges: 3/8% commission (minimum $200) plus postage cost (where applicable) g) Other foreign currency checks drawn on country of currency3 e.g. $ checks drawn in USA Other foreign currency checks drawn on country of currency3 e.g. $ checks drawn in USA No charge but subject to a hold period prior to establishment of deposit Withdrawals via: a) Foreign currency notes2 Involving foreign exchange Based on Citibank's prevailing exchange rate Not involving foreign exchange2 1% commission in-lieu-of exchange (minimum $10) b) Telegraphic transfers Involving foreign exchange 1/8% commission (minimum $20) plus postage or cable cost (where applicable) Not involving foreign exchange 1/8% commission (minimum $20) plus 1/8% in-lieu-of exchange (minimum $10) and postage or cable cost (where applicable) c) Travellers Checks (TCs) Involving foreign exchange 1% commission (minimum $20) Not involving foreign exchange 1% commission (minimum $20), plus 1/8% in-lieu-of exchange (minimum $10) d) S$ checks drawn on banks in Singapore S$ checks drawn on banks in Singapore No charge and immediate value given e) Cashier's Order in Singapore Dollars Same party as account holder No charge but postage cost (where applicable). Commission waived for first transaction only. Third party $10 per check plus postage (where applicable) f) Cashier's Order in US Dollars Same party as account holder No charge but postage cost (where applicable). Commission waived for first transaction only. Third party 1/8% commission (minimum $20) and postage cost (where applicable) g) SHIFT Local Electronic Funds Transfer (in S$) SHIFT Local Electronic Funds Transfer (in S$) $20 per transaction CashPlus Withdrawals (Foreign Currency Overnight Deposits) a) Telegraphic Transfers or Travellers Checks Involving foreign exchange 1/8% commission (minimum $20) plus postage or cable cost (where applicable) Not involving foreign exchange 1/8% commission (minimum $20) plus 1/8% in-lieu-of exchange (minimum $10) and postage or cable cost (where applicable) Singapore Dollar Time Deposits
Our Singapore Dollar Time Deposit offers tenures of 1, 3, 6, 9, 12, 18 months and longer. Interest rates paid vary according to the tenure and amount deposited. Renewal or changing of tenures can simply be done through our 24-Hour CitiPhone Banking. You can also save time and effort with our automatic rollover feature, which ensures that your money is reinvested everytime it matures. This means maximum returns.
Minimum initial deposit $50,000 or equivalent
Deposits via: a) Foreign currency notes Foreign currency notes Based on Citibank's prevailing exchange rate b) Telegraphic transfers $ or S$ No charge and immediate value given Other currencies No charge and subject to spot value Third party and other charges which may be applicable to inward remittances, will be passed along at net without mark-up or commission. To ensure that the inward remittance amount received at Citibank is exactly your intended deposit amount, please inform your remitting bank to "Pay the Beneficiary in full". c) Travellers Checks (TCs) Other banks' TCs including Citibank private label involving foreign exchange $20 per transaction and subject to a hold period prior to establishment of deposit d) S$ checks drawn on banksin Singapore S$ checks drawn on banksin Singapore No charge and immediate
value givene) $ checks drawn on banks in Singapore $ checks drawn on banks in Singapore Converted at drawee bank's buying rate and immediate value given f) Checks drawn on banks outside their domicile country3 Checks drawn on banks outside their domicile country3 Checks will be sent for collection prior to establishment of deposit. Collection charges will apply. Involving foreign exchange Collection charges: 1/8% commission (minimum $100) plus postage cost (where applicable) Not involving foreign exchange Collection charges: 3/8% commission (minimum $200) plus postage cost (where applicable) g) Other foreign currency checks drawn on country of currency3 e.g. $ checks drawn in USA Other foreign currency checks drawn on country of currency3 e.g. $ checks drawn in USA No charge but subject to a hold period prior to establishment of deposit Withdrawals via: a) Foreign currency notes2 Foreign currency notes2 Based on Citibank's prevailing exchange rate b) Telegraphic transfers Same party as account holder No charge but postage or cable cost (where applicable) Third party 1/8% commission (minimum $20) plus postage or cable cost (where applicable) c) Travellers Checks (TCs) Travellers Checks (TCs) 1% commission (minimum $20) d) Cashier's Order in Singapore Dollars Same party as account holder No charge but postage cost (where applicable). Commission waived for first transaction only. Third party $10 per check plus postage (where applicable) e) Cashier's Order in US Dollars Same party as account holder No charge but postage cost (where applicable). Commission waived for first transaction only. Third party 1/8% commission (minimum $20) and postage cost (where applicable) f) SHIFT Local Electronic Funds Transfer (in S$) SHIFT Local Electronic Funds Transfer (in S$) $20 per transaction
Service Fee
Please note that the minimum account balance requirement for a Citibank account is at US$200,000 and there is a monthly service fee of US$50 if the total relationship balance (TRB)[1] is less than or falls below US$200,000.
[1] ‘Total Relationship Balance’ (TRB) is calculated at customer level.
It is the sum of:
(i) the average daily balance of your checking, savings and deposit accounts,
(ii) the average daily value of your investments, and
(iii) all outstanding amount(s) payable on your secured loan accounts as of the date of your last statementCitibank Brokerage
The following rates are applicable to both buy and sell transactions for clients, unless otherwise specified.
Citibank Brokerage U.S. Market Securities Trading in USD Internet / Mobile Rates Phone Rates Client Segment CPC Citigold Citibanking CPC Citigold Citibanking Min Commission
(Per Contract)USD 18 USD 18 USD 25 USD 49 USD 49 USD 49 Commission
Rate
(Per Contract)0.12% 0.15% 0.30% 0.50% 0.50% 0.50% Custodian Fees 0% 0.015%
( No cap)0.0165%
(No cap)0% 0.015%
( No cap)0.0165%
(No cap)Transfer Fee In/Out USD 0 SEC Fees for Sell Trades 0.00051% of trade amount Custodian Fees are payable every 6 months on your monthly average stockholding. Inclusive of GST where applicable.
Prevailing Goods & Services Tax (GST) of 7% applies to the brokerage rates.
* A fee of USD75 will be charged for transfer in of securities held under the Direct Registration System (DRS).
Citibank Brokerage Hong Kong Market Securities Trading in HKD Internet / Mobile Rates Phone Rates Client Segment CPC Citigold Citibanking CPC Citigold Citibanking Min Commission
(Per Contract)HKD 80 HKD 80 HKD 120 HKD 180 HKD 180 HKD 180 Commission
Rate
(Per Contract)Below
HKD 300,0000.12% 0.15% 0.30% 0.50% 0.50% 0.50% HKD 300,000
and above0.20% Custodian Fees 0% 0.015%
( No cap)0.0165%
(No cap)0% 0.015%
( No cap)0.0165%
(No cap)FRC transaction levy
(effective January 1 2022)0.00015% (rounded to the nearest cent) Transfer Fee In/Out HKD 0 Scrip conversion HKD 380 Stamp duty 0.13%
(i.e. HKD 1.30 for every HKD 1,000 with min. HKD 2, rounded up to the nearest dollar)Transaction levy 0.0027% Trading levy 0.005% Custodian Fees are payable every 6 months on your monthly average stockholding. Inclusive of GST where applicable.
Citibank Brokerage Singapore Market Securities Trading in SGD Internet / Mobile Rates Phone Rates Client Segment CPC Citigold Citibanking CPC Citigold Citibanking SGD Min Commission
(Per Contract )SGD 21 SGD 21 SGD 28 SGD 50 SGD 50 SGD 50 Commission Rate
(Per Contract)Below SGD 50,000 0.12% 0.15% 0.25% 0.50% 0.50% 0.50% SGD 50,000 -
SGD100,0000.20% SGD 100,000
and above0.18% 0.40% 0.40% 0.40% Custodian Fees 0% 0.015%
( No cap)0.0165%
(No cap)0% 0.015%
( No cap)0.0165%
(No cap)Custodian Fees are payable every 6 months on your monthly average stockholding. Inclusive of GST where applicable.
Citibank Brokerage Singapore Market Securities Trading in HKD Internet / Mobile Rates Phone Rates Client Segment CPC Citigold Citibanking CPC Citigold Citibanking HKD Min Commission
(Per Contract )HKD 80 HKD 80 HKD 200 HKD 280 HKD 280 HKD 280 Commission Rate
(Per Contract)Below HKD 250,000 0.12% 0.15% 0.25% 0.50% 0.50% 0.50% HKD 250,000 -
HKD 500,0000.20% HKD 500,000
and above0.18% 0.40% 0.40% 0.40% Custodian Fees 0% 0.015%
( No cap)0.0165%
(No cap)0% 0.015%
( No cap)0.0165%
(No cap)Custodian Fees are payable every 6 months on your monthly average stockholding. Inclusive of GST where applicable.
Citibank Brokerage Singapore Market Securities Trading in USD Internet / Mobile Rates Phone Rates Client Segment CPC Citigold Citibanking CPC Citigold Citibanking USD Min Commission
(Per Contract)USD 18 USD 18 USD 28 USD 38 USD 38 USD 38 Commission Rate
(Per Contract)Below USD 30,000 0.12% 0.15% 0.25% 0.50% 0.50% 0.50% USD 30,000 -
USD 60,0000.20% Above USD 60,000 0.18% 0.40% 0.40% 0.40% Custodian Fees 0% 0.015%
( No cap)0.0165%
(No cap)0% 0.015%
( No cap)0.0165%
(No cap)Custodian Fees are payable every 6 months on your monthly average stockholding. Inclusive of GST where applicable.
Travellers Checks (TCs)
Travellers checks are available in U.S. Dollar and the Euro.
Travellers Checks (TCs) Encashment: a) Involving foreign exchange Other banks' TCs including those with Citibank private label $20 per transaction b) Not involving foreign exchange Other banks' TCs including those with Citibank private label 1% commission (minimum $10)in-lieu-of exchange, plus $20 per transaction Collection Inward/Outward Bill
Collection Inward / Outward Bill Clean: Commission 1/8% on check amount (minimum $50) Commission in-lieu-of exchange 1/4% on check amount (minimum $50) Documentary: Commission 1/8% on bill amount (minimum $150) Commission in-lieu-of exchange 1/4% on bill amount (minimum $100) Export Bill For Negotiation: Commission 1/8% on bill amount (minimum $100) Commission in-lieu-of exchange 1/4% on bill amount (minimum $100) Remittances
Online Remittances Citigold / Citigold Private Client Involving foreign exchange Waived Not involving foreign exchange Citibanking Involving foreign exchange Not involving foreign exchange Offline Remittances Telegraphic Transfers for Standing Instructions From Time Deposits $10 commission plus 1/8% (minimum $20) plus postage or cable cost. $10 commission is waived if total charges exceed $30 From Transaction Accounts Involving foreign exchange 1/8% (minimum $20) plus postage or cable cost Not involving foreign exchange 1/8% (minimum $20) plus 1/8% in-lieu-of exchange (minimum $10) plus postage or cable cost Inward Remittances: Handling fee For account holders Free For non-account holders 1/8% commission (minimum $50) For withdrawals in foreign currency notes not involving foreign exchange, an additional 1% commission (minimum $10) will apply. Common Charges: Cable cost $30 ( Citigold Private Client customer enjoys 2 monthly wavier) Postage (Documents) $2.20 for local registered mail, $10 for overseas registered mail Courier costs At UPS cost Stop Payment $20 per transaction for S$ checks, plus cable cost (where applicable) $20 per transaction for $ checks, plus cable cost (where applicable) Tracers for investigation $30 Third party and other charges which may be applicable to inward or outward remittances will be passed along at net, without markup or commission. For inward remittances, to ensure that the inward remittance amount received at Citibank is exactly your intended deposit amount, please inform your remitting bank to "Pay the Beneficiary in full". Commercial Letters of Credit (LCs)
Commercial Letters of Credit (LCs) Import Letters of Credit: LC opening 1/8% commission per month (minimum 1/4% or S$1004) Transferable LC opening 1/8% commission per month (minimum 1/4% or S$1504) Commission in-lieu-of exchange 1/4% on bill amount (minimum $100) Amendments Increase in amount 1/8% commission per month (minimum S$1005) Extension of expiry date 1/8% commission (minimum S$505) Other charges $100 flat plus telex cost5 Cable charges $150 per page for full text transmission of LC, $75 flat for brief cable Shipping Guarantee 1/8% commission per month (minimum $50) Export Letters of Credit Advising commission $60 per item (for account holders) Confirming commission 1/2% of the amount of credit per month (minimum $100) Negotiation 1/8% commission on LC value (minimum $100) Commission in-lieu-of exchange 1/4% commission on bill amount (minimum $100) Standing Instructions
Standing Instructions GIRO Outward remittance Free Returned GIRO $10 per transaction Cashier's Orders $10 per transaction plus cost of Cashier's Order and postage (where applicable) Rejected Standing Instructions $30 per transaction Other Services
Other Services Transfers To Other Banks UF/MF Transfer $250 per fund per transfer Bond Transfer $250 per bond per transfer Service Fee - Bonds 0.08% to 0.50% p.a. is chargeable on holding period, depending on bond type Holding Of Shares For Safekeeping/Collateral Upon receipt $60 per annum per counter Upon withdrawal 1/8% of current market value of shares (minimum $25, maximum $2,500) Microfilmed Copies Of Statements and Checks Current & previous month Free Beyond 2 months $15 per statement/copy Statement On Interest Earned & Interest Paid Preceding year $15 per statement Beyond 1 year $30 per statement Audit Confirmation Request $50 Closure of Account/Relationship Charge on accounts closed within 6 months of opening $300
Disclaimers
Footnote
- Minimum $100,000 equivalent
- Subject to availability. Large withdrawals may be subject to arrangement costs.
- Acceptance of these checks/currencies is at the sole discretion of the bank.
- Applicable to customers with arranged credit facilities. Otherwise the minimum opening commission for LC and Transferable LC is $250 and $500 respectively.
- For transferable LCs, minimum charge is $250.
- Subject to Goods & Services Tax.
- Preferential Pricing.
Important Notes:
All charges are in Singapore Dollars unless otherwise stated.
Check clearing periods stated exclude holidays in respective country of that currency.
All interest rates for time deposits & transaction accounts, fees, charges and terms & conditions are subject to change without notice.