Open a Bank Account in Hong Kong 2023 Guide

MoneyHero Exclusive Offer

• From 30 November 2023 6 p.m. to 8 December 2023 6 p.m., new Citi banking account customers who successfully apply for Citi Plus Account via MoneyHero can enjoy Marshall Emberton Bluetooth Speaker (valued at HK$1,499) / Iris Ohyama Ricopa IH Cooker (valued at HK$998) / HK$500 Apple Store Gift Card OR Wellcome Shopping Voucher OR HKTVmall Voucher
• Application for the Designated Bank Account should be approved by Citibank on or before 31 January 2024, subject to the Citibank’s system records.
• Terms and Conditions apply.
• How to redeem MoneyHero exclusive offer?
  • Note down your application reference number for reference. You will be asked to upload all required documents when you open the account to facilitate the approval process.
  • Within 7 days, please complete the redemption form sent via email for verification and follow-up. MoneyHero will verify your reward eligibility with Citibank.
• Tips:
  • Please turn off AdBlocker and private mode before application: 3 settings to ensure coupon reward eligibility

Welcome Offer

• Reward 1 - Up to HK$1,800 Cash Rebate Welcome Offer
  • Deposit HK$500,000 or more new fund to enjoy HK$1,800 cash rebate
  • Deposit HK$200,000 new fund to enjoy HK$700 cash rebate
  • Deposit HK$100,000 new fund to enjoy HK$300 cash rebate
  • Deposit HK$50,000 new fund to enjoy HK$100 cash rebate
  • For details, please refer to the attached Terms and Conditions
• Reward 2 - Up to 5.5% USD Time Deposit rate
  • New Customers to deposit $50,000 (HKD or equivalent) or above new funds and convert the eligible new funds in designated foreign currencies will enjoy up to 5.5% p.a. preferential rate for USD Time Deposit
• Reward 3 - Spending reward up to HK$500 Cash Rebate
  • Cardholders of Citi Plus Debit Mastercard® and Citi Plus Credit Cards who make eligible spending in designated merchants, are entitled to up to 12% Rebate
• Reward 4 - Open a stock account online to get HK$500 cash rebate
  • HK$0 brokerage fee for HK Stock and US Stock for first 3 months
  • Transfer in HK/ US/ SH/ SZ stock to earn up to HK$10,000 Cash Reward
• Terms and Conditions Apply.

Citi Interest Booster - Earn points and interest rate when you spend with the card. Easy missions to boost your interest rate up to 1.5% p.a.

• Citi Interest Booster is an interest-bearing checking account.
• Enjoy 1.17% interest rate when you successfully open the account. Earn up to 1.5% extra p.a. by completing destinated missions.
• Bonus Interest Rate earned for the Mission achieved in the prevailing month will be applied to calculate the Bonus Interest with reference to the Eligible Deposit Amount in the Eligible Account in the next calendar month.
• Missions include:

• Wealth Smart: your financial literacy guide designed by experts, with bite-size contents to help you approach investments with greater confidence
• Wealth Digest: personalized, easy-to-follow pointers to help you along with your investment decisions
• Money Goal: help you track your personal goal progress

Investment 

Buy and sell funds as little as HK$1/US$1

• Start investing with Flexi Wealth.
• Buy and sell funds as little as HK$1/US$1 with no transaction or monthly service fees.
• Invest using suggested mutual fund portfolios for as little as HK$100, less than the cost of a happy hour drink.
• Trade stocks on the Hong Kong & China Connect - Shanghai and Shenzhen markets. (You can trade US stocks via the website.)
• Enjoy HK$500 Cash Rebate for Opening Up a Stock Account
  • Customers must conduct at least one HK stock buy/sell transaction via Citibank Mobile Stock Services during the first 3 months upon stock account opening
• Transfer in HK/US/SH/SZ stock to earn up to HK$10,000 Cash Reward

Stock account - Brokerage fee as low as HK$8/US$1

• HK stock trades: HK$8 brokerage fee per transaction
• US stock trades: US$1 brokerage fee per transaction

• Enjoy 1% cash rebate from Citi Plus Debit Mastercard in the first 6 months, and 0.5% afterwards.
• Use your Citi Plus Debit Mastercard for fee-free international shopping, withdrawals and overseas online shopping websites. You can exchange foreign currencies with the app after activating Citibank Global Wallet. 

MGM Rewards Programme

• To be eligible for the referral offers, the Referrer (“Referrer”) must be
  • (i) an existing Citigold Private Client / Citigold / Citi Priority / Citi Plus / Citibanking
    client of Citibank (Hong Kong) Limited (“Citibank”); OR
  • (ii) an existing principal cardholder of Citi Credit Card issued by Citibank; OR (iii) Citi Credit Card
    applicant who submitted the card application within the Promotion Period and successfully approved by Citibank on or before February 29, 2024;
• Within the Promotion Period, the Referrer and the Referee will be eligible for the following Referral offers (“Referral Offers”), upon Referrer reaching a Successful Referral:
  • Both successful Referrers and Referees are entitled to a HK$250 Cash Rebate upon successfully referring the Referee to open Citi Plus banking account only
  • Both successful Referrers and Referees are entitled to a HK$500 Cash Rebate upon successfully referring the Referee to open both Citi Plus banking account and Citi Rewards Mastercard, Citi Octopus Platinum Card, or Citi Plus Credit Card
• Terms and Conditions Apply.

• Transfer fund to your overseas Citi accounts or third-party Citi accounts via Citi Global Transfer to enjoy $0 handling fee.

MoneyHero exclusive offer and Welcome Offer are only applicable to new customers who do not have any or do not cancel any banking relationship within the past 12 months. Not applicable to e to existing Citibanking or Citi Priority banking relationship whose relationship is transferred to Citi Plus banking relationship.

For the deposit beyond HK$300,000, only the prevailing board rate shall apply.

• Customers must not have savings, checking, investment or step-up interest accounts.
• Exisitng customers who are eligible for Citi Plus Account will be invited to transfer to “Citi Plus” service in phases.

• You must be aged 18 or above and hold a valid Hong Kong permanent identity card.
• You must reside in Hong Kong.
• You must have a permanent Hong Kong address.

Maintaining a minimum Citigold balance of HK$2,500,000, get rewarded with Dyson V12 Detect™ Slim Fluffy vacuum (valued at HK$5,180) OR HK$3,500 Apple Gift Card／HKTVmall Voucher／Lee Gardens Gift card／Klook Voucher!

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MoneyHero Limited-Time Exclusive Offer

• New Citi customers get rewarded with one of the following gifts by fulfilling the following requirements:

• Tips:
  • Please turn off AdBlocker and private mode before application: 3 settings to ensure coupon reward eligibility
  • Note down your application reference number shown on the application completion page for reference (e.g. #ABC123456789).
  • Upload all required documents when you apply for the card to facilitate the approval process.
  • After submitting your application via MoneyHero, you might be asked to proceed to branches for completing your account opening process. Please provide your application reference number to bank branch staff. Application reference number will be used by the bank to recognize your application is from MoneyHero.
  • If you have concerns regarding the redemption process, please refer to the Terms and Conditions.

Account Opening Offer - Up to HK$41,600 Cash Rebate

• Digital Channel Offer - HK$500 Cash Rebate
  New customers, who successfully open a Citigold account through online appointment / a Citigold account through straight-through remote account opening solution and fulfill the following requirements, can enjoy below rewards:

• New Funds Offer - Up to HK$38,500 Cash Rebate
  New customers who bring in the required to new funds within the first 2 calendar months from account opening and maintain the new funds according to the specific hold fund period, can enjoy below rewards:

  New funds amount	Rewards
  ≥ HK$5,000,000 (Including designated product balance ≥ HK$5,000,000)	HK$18,500 + HK$20,000 Cash Rebate
  ≥ HK$2,500,000 (Including designated product balance ≥ HK$2,500,000)	HK$10,000 + HK$12,000 Cash Rebate
  ≥ HK$1,500,000 (Including designated product balance ≥ HK$1,500,000)	HK$6,000 + HK$6,000 Cash Rebate
  Designated product balance ≥ HK$650,000)	HK$2,600 Cash Rebate
  	Up to HK$38,500 cash rebate

  • Designated products include Mortgage, Designated Investment Products and Insurance Plans
• Payroll Account - Up to HK$800 Cash Rebate
  New Citigold customers who deposit the specific paycheck can enjoy below rewards:

• Annual Offer - Up to HK$1,800 Cash Rebate
  Maintain the below daily averge fund after opening the account for 12 consecutive months to enjoy:

  Averge Daily Fund	Rewards
  ≥ HK$2,500,000	HK$1,800 Cash Rebate
  ≥ HK$1,500,000	HK$800 Cash Rebate

• Successfully apply for a Citi mortgage solution and join Citigold to earn up to HK$15,000 Extra Cash Rebate
• Citibank mortgage solutions include Deposit-Linked Mortgage and High Loan-to value Ratio Mortgage Insurance Program. You can choose based on your financial needs.

Time Deposit Offer 

• Enjoy Preferential Time Deposit rates of up to 5% p.a. now by setting up HKD Time Deposit via Online Banking or Citi Mobile App
• USD Preferential Time Deposit Interest Rate up to 6% p.a.

• Enjoy Citi’s Cost Price for every successful FX transaction via Citi Mobile^® App within the first 3 calendar months from account opening
• HK & US stock buy fee waiver for first 3 months; Enjoy the continuous HK stock buy fee waiver from the 4^th month if there is at least 1 HK stock buy/sell transaction every month continuously (waived brokerage fee from the 4^th month onward will be capped at HK$888 each month).
• No minimum brokerage fee for US stock
• Transfer HK/US/SH/SZ stock to earn up to HK$10,000 cash rewards

Stock Transfer In Offer - Up to HK$10,000 Cash Rebate
New customers who open a new Citibank account and reach a designated amount of stock transfer, can enjoy below rewards:

New funds amount	Rewards
≥ HK$5,000,000	HK$10,000 Cash Rebate
≥ HK$3,000,000	HK$3,000 Cash Rebate
≥ HK$1,000,000	HK$1,000 Cash Rebate
≥ HK$500,000	HK$500 Cash Rebate

• Cash Rebate amount will be determined by the total stock transfer-in value net of the total stock transfer-out value ("Total Stock Net Value") during the promotion period. The stock 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.

Welcome Offer - up to HK$48,000 rewards

• Enjoy up to HK$48,000 in total rewards and a Below Balance Fee waiver for 6 months when you apply for HSBC Premier and complete designated banking transactions by 30 June 2023.
• Terms and Conditions apply.

Referral Offer - up to HK$7,500 cash rewards

• Enjoy up to HK$7,500 in cash rewards for referring your family and friends to join HSBC Premier. Earn HK$1,500 in referral rewards for each successful referral, up to a maximum of 5 referrals, after fulfilling the designated new fund and total relationship balance requirement.
• Terms and Conditions apply.