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
|Aged 16 and above
|Not available for Savings Account
|Pay Anyone online cheque payment service, direct transfer of funds between accounts
|CitiPhone Banking and Automated Voice Response
|International ATM Card
|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.