How to Open an Account at Citibank in Hong Kong

How to Open an Account at Citibank in Hong Kong

Citi is one of the largest banks in the world, with over 200 million clients in 160 countries across the globe. Citibank in Hong Kong has won several awards for excellence in finance, investment, and wealth management.

 

Offering checking and savings accounts, as well as loans, credit cards, insurance, and other products, the bank has services to meet every client’s financial needs.


Types of Accounts

For new clients, the bank offers a variety of bank accounts tailored to their specific needs. Clients can apply for a checking account, which comes with the basic features, as well as:

  • bounced check protection
  • a monthly statement
  • phone and online banking
  • and a CitiCard.

The account is available in both HKD and USD.

Clients can also take out a savings account that earns interest daily. It is available in HKD, USD, and RMB. Like the checking account, clients receive a bank statement every month, as well as access to mobile banking.

In addition to the basic savings account, the bank also offers a CheckLink Savings Account, that makes it easier to pay with checks. The HKD version of this account also includes bounced check protection.

Alternatively, the Maxisavings Account gives clients the option to earn high interest on an amount deposited for a specific period of time. Unlike other time deposit accounts, the bank allows clients to withdraw money without large fees. The remaining account balance earns a high rate of interest until the completion of the term.

For clients working with foreign currencies, the bank also provides a Multi Currency Account in 13 different currencies, including:

  • the British pound
  • the Japanese yen
  • the Swiss franc
  • and the Euro.

Clients can deposit money, set up a time deposit, or trade across foreign markets. The bank also offers a Premium Account for those looking to invest overseas.
Main features:

  • different currencies
  • a variety of term limits
  • low exchange rates

Accounts for businesses

As for business owners, the bank offers an account that combines a checking and savings features. It offers:

  • free overseas ATM withdrawals
  • free cash transfers
  • and other business related services.

How to apply for a bank account online or in a branch

  • Hong Kong residents can apply for a bank account through the online application on the bank’s site. Applicants are required to provide their HKID number.
  • Customers can also apply directly at the bank branch.
  • Clients can contact the bank through phone, email, fax, or mail, as well as visit the nearest branch.
  • Business owners cannot apply directly online. They must contact the bank’s branch for more details.