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What is Citibank US$ Savings Account?
A Citibank US$ Savings Account offers you ease of access on your US dollar funds. It comes with several useful features through which you can directly transfer funds between accounts, access ATMs globally, and more. You can even streamline your everyday transactions through Internet Banking, Citi Phone Banking, etc.
Revision of US$ Savings Account Interest Rate
Effective 1 July 2020, the interest rate will be revised from 0.05% p.a. to 0% p.a. for balances above US$5,000.
Features of US$ Savings Account
- Suitable for non-Singaporean residents who have a need to transact in US$.
- Convenient way to manage day-to-day transactional needs through Internet Banking, ATM, AVR and CitiPhone Banking.
Benefits of US$ Savings Account
| Minimum Initial Deposit | Required | USD$10,000 |
| Eligibility Criteria | Yes | Aged 16 and above |
| Checking facilities | No | Not available for Savings Account |
| Online Banking | Yes | Pay Anyone online cheque payment service, direct transfer of funds between accounts |
| Phone Banking | Yes | CitiPhone Banking and Automated Voice Response |
| International ATM Card | Yes | Free International ATM card with access to Citibank ATMs |
FAQs on US$ Savings Account
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Yes, you may open a USD Account if you are based in Singapore.
A USD account can be useful to you if you wish to have a specific account for your USD funds. Such an account will also help you cut currency exchange costs, easily exchange currencies to SGD at preferential rates, and limit international transaction fees.
To open a multi-currency or USD account in Singapore, you will have to meet the eligibility criteria as specified by the bank. You will also have to submit the required documents and necessary forms to get started.
Yes, foreigners can open a USD account in Singapore; however, they must meet certain requirements and submit all the necessary documents to the bank.
Terms & Conditions:Terms & Conditions:
Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. For more information, please refer to SDIC's website at www.sdic.org.sg
The promotions, products and services mentioned in the referenced document are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey and Jersey, Monaco, San Marino, Vatican, The Isle of Man, the UK, Brazil, New Zealand, Jamaica, Ecuador or Sri Lanka. The referenced document is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the promotions, products and services mentioned therein to such individuals.