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Guide to Citi Plus Investment Services & promotion

Terms and Conditions for US Stock 3-month Brokerage Buy Fee Waiver

  1. The “US Stock 3-month Brokerage Buy Fee Waiver” Program (the “US Stock Brokerage Fee Waiver”) is only applicable to Citigold Private Client, Citigold, Citi Priority, Citibanking and Citi Plus clients who open a new securities account with Citibank (Hong Kong) Limited and/ or Citibank, N.A., organized under the laws of U.S.A. with limited liability (the “Bank”) from October 1 to December 31, 2023 (the “Promotion Period”) and must not have cancelled or held any sole or joint securities account with the Bank within the past 12 months(“New Clients”), in order to enjoy the Program.
  2. New Clients can enjoy brokerage fee waiver for the buy trades of US stocks carried out via Citibank Online or Citibank Mobile Securities Services (where applicable) within the first 3 calendar months of securities account opening.
  3. The offer is applicable to US stock buy transactions only. Buy and sell transactions of stock in other markets, stock transfer-in and transfer-out, Initial Public Offering, Stock Regular Savings Plan related transactions are not included.
  4. New Clients are required to pay the regular brokerage fees at the time of trading. The waived brokerage fee during the waiver period will be refunded to New Stock Clients' US Dollar settlement account linked to the securities account on or before April 30, 2024. New Stock Clients should maintain a valid securities account and US Dollar settlement account at the time when the refund is made, otherwise the brokerage rebate shall be forfeited absolutely and shall not be paid to the Client through any other means.
  5. The Offer is not applicable to

    i.  U.S. Persons.

    ii. The European Union (EU) and European Economic Area (EEA) residents.

    iii. Employees of the Bank or its subsidiaries during the Promotion Period.

    iv. Clients who are residents in Singapore.

    Terms and Conditions for "Up to a Lifetime Fee Waiver on Hong Kong Stock Purchases" Program:

    1. The “Up to a lifetime fee waiver on stock purchases” Program (the “Program”) is only applicable to clients who open a new securities account with Citibank (Hong Kong) Limited and/ or Citibank, N.A., organized under the laws of U.S.A. with limited liability (the “Bank”) from October 1 to December 31, 2023 (the “Promotion Period”) and must not have cancelled or held any sole or joint securities account with the Bank within the past 12 months (“New Clients”), in order to enjoy the Program.
    2. New Clients can enjoy brokerage fee waiver for all buy trades of Hong Kong stocks (the "Brokerage Fee Waiver") carried out via Citibank Online or Citibank Mobile Securities Services (where applicable) from the date of account opening if the below requirements are fulfilled:
      a. New Clients must have at least one Eligible Transaction* within the first 3 calendar months of securities account opening. E.g. New Client,  who opens a securities account within October 2023, is required to conduct at least one buy or sell trade of Hong Kong stocks on or before December 31, 2023, in order to continue enjoying the Brokerage Fee Waiver in January 2024. the 4th calendar month of securities account opening (the "4th month"). Brokerage fee for all buy trades of Hong Kong stocks within the first 3 calendar months of securities account opening will be waived.
      b. Starting from the 4th month, the Brokerage Fee Waiver will continue if New Clients perform at least one Eligible Transaction in each calendar month thereafter. If New Clients do not conduct any Eligible Transaction in any month starting from the 4th month, the Brokerage Fee Waiver will be terminated starting from the following month and cannot be resumed.
      *Eligible Transaction refers to Hong Kong stock buy or sell transactions only. Buy and sell transactions of stock in other markets, stock transfer-in and transfer-out, Initial Public Offering, Stock Regular Savings Plan related transactions, are not considered as eligible transactions in the Program.
    3. New Clients are required to pay the regular brokerage fees at the time of trading. The waived brokerage fee during the waiver period will be refunded to clients’ Hong Kong Dollar settlement account linked to the securities account within 3 months subsequent to the month of the relevant transaction. For Hong Kong stock(s) transaction settled in RMB, the brokerage rebate amount will be credited to Hong Kong Dollar settlement account at the exchange rate of RMB1 = HKD1.2. New Clients should maintain a valid securities account and Hong Kong Dollar settlement account at the time when the refund is made, otherwise the brokerage rebate shall be forfeited absolutely and shall not be paid to the Client through any other means.
    4. The waived brokerage fee for Eligible Transaction from the 4th month onward will be capped at HK$888 each month.
    5. The Brokerage Fee Waiver from the 4th month is only applicable to Citigold Private Clients, Citigold® services clients, Citi Priority® clients and Citibanking clients.
    6. The Offer is not applicable to

      i.  U.S. Persons.

      ii. The European Union (EU) and European Economic Area (EEA) residents.

      iii. Employees of the Bank or its subsidiaries during the Promotion Period.

      iv. Clients who are residents in Singapore.

      Illustration:A New Client who opens a securities account on October 23, 2023, hence, October 2023 will be the 1st calendar month

        Turnover in the month (HK$)
      Month Transaction month Brokerage Fee Waiver
      for Buy Trades      		 BUY SELL Other transactions
      Condition 1: New Clients must have at least 1 Eligible Transaction within the first 3 calendar months of securities account opening to enjoy the Brokerage Fee Waiver in the 4th month
      1st October 2023 Yes - - Stock transfer-in HK$500,000
      2nd November 2023 HK stock
      HK$700,000
      Refund brokerage fee
      = HK$1,400       		HK stock
      HK$100,000      		 -
      3rd December 2023 - - -
      Condition 2: Starting from the 4th month, New Clients must have at least 1 Eligible Transaction in each calendar month to continue the Brokerage Fee Waiver in the following month.
      4th January 2024 Yes
      (As there were more than 1 Eligible Transactions made in the first 3 months)      		 HK stock
      HK$650,000
      Refund brokerage fee
      = HK$888*      		 HK stock
      HK$200,000      		 -
      5th February 2024 Yes
      (As there were more than 1 Eligible Transaction in the previous month)      		 HK stock
      HK$50,000
      Refund brokerage fee
      = HK$100       		HK stock
      HK$50,000      		 IPO Application
      HK$10,000
      6th March 2024 Yes
      (As there were more than 1 Eligible Transactions in the previous month)      		 - - -
      7th April 2024 Brokerage Fee Waiver is terminated
      (As there was no Eligible Transaction in the previous month)      		 - - -

      ΔAssuming the brokerage fee is 0.2% of the trading turnover; cells highlighted in grey indicate Eligible Transaction in the Program.
      *The waived brokerage fee for Eligible Transaction from the 4th month will be capped at HK$888 each month.

      Terms and Conditions for "Stock Transfer-in for up to HK$10,000 Cash Reward" offer:

      1. The promotion is valid from October 1 to December 31, 2023 ("Promotion Period"), both dates inclusive.
      2. Clients must successfully transfer in HK/ US/ SH/ SZ stock from a third-party financial institution/ bank at a branch or via the “Stock Transfer” function on Citibank Online during the Promotion Period, to be eligible for the cash reward.
      3. The cash reward amount will be determined by the total stock transfer-in value net of the total stock transfer-out value (“Total Stock Net Value”) of a client during the promotion period, according to the table below:
        Total stock net value (HK$) Cash reward amount (HK$)
        $500,000 - <$1,000,000 $500
        $1,000,000 - <$3,000,000 $1,000
        $3,000,000 - <$5,000,000 $3,000
        $5,000,000 or above $10,000
      4. The Total Stock Net Value is based on the multiple of the closing stock price* on the last trading day of the corresponding successful transfer-in month and number of shares. If a stock involves foreign currency, an exchange rate of USD1 = HKD7.8/RMB1 = HKD1.2 will be used for its stock value calculation.
      5. The stock transfer activities in a joint name stock account will be considered in the Total Stock Net Value calculation for the primary account holder.
      6. Each client can only enjoy the offer once during the promotion period.
      7. The cash reward will be rebated to clients’ Hong Kong Dollar settlement account on or before April 30, 2024. Clients should maintain a valid securities account and Hong Kong Dollar settlement account at the time when the rebate is made, otherwise the cash reward shall be forfeited absolutely and shall not be paid to the Client through any other means.
      8. The Offer is not applicable to

        i.  U.S. Persons.

        ii. The European Union (EU) and European Economic Area (EEA) residents.

        iii. Employees of the Bank or its subsidiaries during the Promotion Period.

        iv. Clients who are residents in Singapore.

        *Previous closing stock price is subject to Hong Kong Exchange (HKEx) adjustment. For details, please refer to the “Guidelines on Adjustments to the Previous Closing Price of a Security” published by HKEx.

        Terms and Conditions of “Up to HK$500 (or its equivalent) Cash Rebate for New to Stock Clients” (“Offer”)

        1. Unless otherwise specified, the Promotion Period of the Offer is valid from October 1 to December 31, 2023, inclusive of both dates (“Promotion Period”).
        2. The Offer is applicable to:
          2.1a A New Client (“New Client”) who successfully opens a banking account and a Hong Kong securities account and/ or US securities account with Citibank (Hong Kong) Limited and/ or Citibank, N.A., organized under the laws of U.S.A. with limited liability (“the Bank”) via Mobile Account Opening or Citibank Online. New Clients must not have cancelled or held any sole or joint banking account and securities account with the Bank within the past 12 months. OR
          2.1b An Existing Client of the Bank who successfully opens a new Hong Kong securities account and/ or US securities account with the Bank via Citi Mobile App or Citibank Online during the Promotion Period (“New Stock Client”). New Stock Clients must not have cancelled or held any sole or joint securities account with the Bank within the past 12 months. AND
          2.2 New Client and New Stock Client need to meet the designated trading volume within the first 3 calendar months of Hong Kong/US securities account opening (including the account opening month). Only Hong Kong and/ or US stock buy or sell transactions will be eligible for the Offer. Buy and sell transactions of stock in other markets, stock transfer-in and transfer-out, Initial Public Offering, Stock Regular Savings Plan related transactions, are not considered as Eligible Stock Transaction in the Program according to the table below:
          Stock Market Eligible Stock Transaction Cash rebate amount (HK$ or its equivalent)
          Open HK or US Stock Account Accumulated trading volume of $10,000 (or its equivalent) within first 3 calendar months of stock account opening $250
          Open HK & US Stock Account Accumulated trading volume of $20,000 (or its equivalent) within first 3 calendar months of stock account opening $500
        3. Upon fulfilling the requirement of Clause 2, the eligible New Client and New Stock Client will be entitled to up to HK$500 (or its equivalent) cash rebate.
        4. The Offer will be only given once to the Primary Account Holder for joint accounts during the Promotion Period.
        5. Open HK Or US Stock Account Offer will be rebated to the respective Hong Kong Dollar or US Dollar settlement account of the eligible New Clients and New Stock Clients that is linked to the securities account on or before January 31, 2024. New Clients and New Stock Clients should maintain a valid securities account and respective Hong Kong Dollar or US Dollar settlement account at the time when the rebate is made, otherwise the Offer shall be forfeited absolutely and shall not be paid to the Client through any other means.
        6. Open HK & US Stock Account Offer will be rebated to the Hong Kong Dollar settlement account of the eligible New Clients and New Stock Clients that is linked to the securities account on or before January 31, 2024. New Clients and New Stock Clients should maintain a valid securities account and Hong Kong Dollar settlement account at the time when the rebate is made, otherwise the Offer shall be forfeited absolutely and shall not be paid to the Client through any other means.
        7. The Offer cannot be transferred or exchanged for cash or other offers.
        8. The Offer is not applicable to

          i.  U.S. Persons.

          ii. The European Union (EU) and European Economic Area (EEA) residents.

          iii. Employees of the Bank or its subsidiaries during the Promotion Period.

          iv. Clients who are residents in Singapore.

          • The Bank reserves the right to vary or cancel all offers and/ or amend any of these Terms and Conditions at anytime without prior notice. All matters and disputes will be subject to the final decision of the Bank.
          • The English version of these Terms and Conditions shall prevail wherever there is a discrepancy between the English and the Chinese versions.

          Terms and Conditions for No Minimum Brokerage Fee Offer:

          1. No Minimum Brokerage Fee Offer (the "No Minimum Brokerage Fee Offer") is valid until December 31, 2023.
          2. Clients who conduct HK or US stock transactions via Citibank Online or Citibank Mobile Securities Services will have the minimum brokerage fee (HK stock: HKD/RMB100 per transaction; US Stock: USD30 per transaction) waived. The No Minimum Brokerage Fee Offer is not applicable to transactions conducted via the Dedicated Trading Hotline.

          General Terms and Conditions:

          1. Clients will still be charged non-brokerage fee items such as, but not limited to, Stamp Duty, Transaction Levy and Trading Fee where applicable.
          2. Online IPO application handling fee waiver is valid until December 31, 2023.
          3. All the above offers cannot be used in conjunction with any other offers.
          4. All the above offers / rewards are not applicable to clients who are the employee of the Bank or its subsidiaries during the Promotion Period and at the time crediting the rewards.
          5. The Bank reserves the right to suspend, amend and terminate the offers and change the Terms and Conditions from time to time without prior notice.
          6. The Bank reserves the right of final decision in the event of dispute.

          In the event of discrepancy between the English and Chinese versions, the English version shall prevail.

          Important Disclaimer:

          The US Securities and Exchange Commission (SEC) issued an order directing Equity Exchanges and Financial Industry Regulatory Authority (FINRA) to launch a Tick Size Pilot Program. Tick Size Pilot Program has been implemented and effective from October 3 2016. For limit orders or stop loss orders submitted before US Market open or during the US Stock trading hours, Customer must input a price in an increment of US$0.05 for buying and selling the selected US securities, otherwise, the order will not be processed. Customer should check the order status after order submission. For selected US securities list and details, please refer to the FINRA website for more information.

          Disclaimer - Third Party Content

          The information and data on this website is provided by third party providers. The use of any product, service or feature available through the internet Website accessible at [citibank.com.hk] (the "Website") by any user of the Website ("I") shall be governed by the following terms.

          Third Party Content

          The Website makes information of third parties available, including stock prices, analysts' views, company information, data about financial markets and news reports (the "Third Party Content"). I acknowledge and agree that the Third Party Content is neither created nor endorsed by any business offering products or services through it. The provision of Third Party Content is for general information only and is not intended to constitute a recommendation or solicitation to purchase or sell any security or make any other type of investment or investment decision. In addition, the Third Party Content is not intended to provide tax, legal or investment advice. I acknowledge that the Third Party Content provided to me is obtained from sources believed to be reliable but, save to the extent provided otherwise in the Terms and Conditions for Accounts and Services or other applicable terms and conditions, no guarantees are made by Citibank, the Website or the providers of the Third Party Content as to its accuracy, completeness or timeliness. I acknowledge that the Third Party Content does not take into account any views held or promulgated by Citigroup, Inc. (which may or may not have been communicated to me) and that such views may in fact be contrary to the Third Party Content. I agree not to hold the website, any business offering products or services through the Website or any provider of Third Party Content liable for any investment decision or other transaction I may make on the Website (regardless of whether or not such data is taken into account by me), or any liability that may arise due to delays or interruptions in the delivery of the Third Party Content for any reason.
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          Nothing contained herein shall supersede, alter or nullify the terms of any other agreements I have or will make with any business providing products or services through [citibank.com.hk].

          Important 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 website is for information purposes only and does not constitute any offer or solicitation or advice to buy or sell any security. Investments are not bank deposits and 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, and involve risks, including the possible loss of the principal amount invested. Share prices may go down as well as up. Investment products are not available for U.S. persons and might only be applicable to limited jurisdiction. Any person considering an investment should seek independent advice on the suitability or otherwise of the particular investment.
          This website is for information only and does not constitute any offer or solicitation to buy or sell. The risk of loss in foreign exchange trading can be substantial. Foreign currency trading is subject to rate fluctuations which may provide both opportunities and risks. Foreign exchange trading involves risk, including the possible loss of the principal amount invested. RMB exchange, like any other currency, is subject to exchange rate fluctuations. The exchange rate of RMB can go up and down. The applicable rate of RMB exchange is the offshore ("CNH") rates. Placing contingent orders, such as "stop loss" or "stop limit" orders, will not necessarily limit losses to the intended amounts. Market conditions may make it impossible to execute such orders. Investors may experience a loss when they convert foreign currency back to their home currency. Foreign currency trading involves risk, including the possible loss of the principal amount invested. Investors should therefore carefully consider whether such trading is suitable in the 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 (Hong Kong) Limited endeavours to ensure the accuracy and reliability of any data and information they provide but do not guarantee the accuracy or reliability of such data and information and accepts no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omission. The use of such data and information is at the user's sole risk. Such data and information of this website are provided for personal use only and shall not be furnished to any other person or entity for any reason. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within the Citibank Online and/or provided through the services without the express consent from Citibank (Hong Kong) Limited is strictly prohibited.
          In the event of discrepancy between the English and Chinese versions, the English version shall prevail.

           

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