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Co-creating With
\nTarget Clients to Suit Their Banking and Investment Needs<\/i><\/b><\/p>\n
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Fostering Financial
\nEducation to Level-Up Digital Natives Through Mobile Banking <\/i><\/b><\/p>\n
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HONG KONG SAR –\u00a0Media OutReach<\/a>\u00a0– 22 February 2021 –\u00a0Citigroup Inc.\u00a0(NYSE symbol: C) –\u00a0Citibank announced today the official launch of Citi Plus\u00ae<\/sup>, a digital value proposition offering financial education and a novel
Having its pilot launch in early December 2020, Citi Plus\u00ae<\/sup>
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Citi Plus\u00ae<\/sup> offers a range of investment products to clients
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One of the key features of Citi Plus\u00ae<\/sup> is a series of financial wellness modules specially designed to educate
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Alongside this step-by-step guidance providing clients with financial knowledge
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From now until April 30, clients can team up with their families and
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Investment in derivatives involves risks. Investors should understand
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To borrow or not to borrow? Borrow only if you can repay.<\/p>\n
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[1]<\/sup> “Wealth Digest” will be available soon,
[2]<\/sup> “Money Goal” will be available soon,
[4]<\/sup> Customer can enjoy the investment
[5]<\/sup> Enjoy up to 1% cash rebate for every
[6]<\/sup> Citibank Global Wallet supports 12
[7]<\/sup> For overseas withdrawals made with
\nbanking experience to level-up digital natives through mobile banking. Citi
\nPlus\u00ae<\/sup> clients can obtain personalized wealth management
\ninformation and knowledge kits to accumulate their wealth and earn more through
\naccomplishing fun tasks.<\/p>\n
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\naccumulated nearly 5,000 registrants, who are interested in the new service, in
\nthe first three weeks. “Citibank Hong Kong has shown strong determination in
\nthe development of digital banking in recent years. Citi Plus\u00ae<\/sup> is our
\nlatest initiative to bring digital natives a banking experience they admire,” said
\nMr Lawrence Lam, Consumer Business Manager of Citibank Hong Kong. “Millennials were
\ninvited to participate in research and the co-creation process, through which we
\ncould better address target clients’ pain points, and help them grow their
\nwealth via the new service.”<\/p>\n
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\nincluding stocks, money market funds as well as an array of mutual funds
\nprimarily from Aberdeen Standard Investments, Allianz Global Investors and
\nFranklin Templeton.<\/p>\n
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\nclients and guide their thinking when it comes to making decisions about
\nmanaging money, building wealth and achieving financial goals. These engaging
\nmodules enhance wealth inclusion, allow clients to build healthy financial habits
\nand achieve targets responsibly. <\/p>\n
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\neasy-to-follow courses and quizzes, with bite-sized content that helps clients
\nlevel-up and approach investments with greater confidence. Clients can learn at
\ntheir own pace, whilst keeping themselves abreast of the times and acquiring
\nfinancial knowledge.<\/li>\n
\nupdated continually to help clients make informed investment decisions.<\/span><\/li>\n
\nobjectives and track their progress towards these targets.<\/span><\/li>\n<\/ul>\n
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\nand resources, Citi Plus\u00ae<\/sup> also offers
\ninnovative features that engage clients and help them level-up along their
\nfinancial journey.<\/p>\n
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\nbonus interest (up to 1.8% p.a.[3]<\/sup>) on
\nsavings by completing simple missions. Beginning with a base interest rate of
\n0.3% p.a., clients can complete “missions” \u00ad– such as maintaining
\nbalance, funding-in, spending with Citi Plus\u00ae<\/sup> cards, investment and currency exchange — to boost interest
\nrates up to 1.8% p.a. [3]<\/sup><\/li>\n
\nclients not only to trade stocks, but also to invest in mutual funds. With progressive
\nself-learning resources and low investment thresholds, clients have the flexibility
\nto choose their investment options.<\/span><\/li>\n<\/ul>\n
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\n“Flexi Wealth” allows clients to start investing in
\nmoney market funds with as little as HK$1, and to conduct transactions at their
\nconvenience, without any transaction charges or monthly service fees.<\/p>\n
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\nOur suggested mutual fund portfolios based on clients’
\nfinancial goals and risk profiles will also be offered, featuring mutual funds primarily
\nfrom Aberdeen Standard Investments, Allianz Global Investors and Franklin
\nTempleton at a minimum of HK$100, thus giving clients a hassle-free investment
\nexperience.<\/p>\n
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\nwith these cards also boosts their saving interest rate by 0.3% p.a [3]<\/sup>.<\/li>\n<\/ul>\n
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\nSpending with Citi Plus\u00ae<\/sup> Debit
\nMastercard\u00ae<\/sup> offers up to 1% cashback[5]<\/sup>, and
\nwith Citibank Global Wallet, clients can exchange foreign currencies at
\npreferred rates[6]<\/sup>, and then spend with the
\ndebit card for online\/ in-store shopping and withdraw cash overseas directly
\nwith foreign currency accounts. Citi does not charge any handling fees[7]<\/sup>
\nfor cash withdrawals made with the card at any overseas ATMs (including Citi and
\nMastercard\u00ae<\/sup> ATMs).<\/p>\n
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\nCiti Plus\u00ae<\/sup> Credit Card is
\ntailor-made for Citi Plus\u00ae<\/sup> clients and has no
\nannual fee. Payments for online shopping and fitness memberships can earn up to
\n3X reward points, while clients can also instantly offset spending anytime with
\nCiti Pay with Points and get free purchase protection insurance.<\/p>\n
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\ntransfer funds, invest, spend, and more at their fingertips. In-app messaging
\nis also available 24\/7 to offer customer support promptly. <\/li>\n<\/ul>\n
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\nfriends to join Citi Plus\u00ae<\/sup> to unlock an additional bonus
\nsavings rate of up to 6% p.a. [8]<\/sup> via
\n‘Citi Interest Booster’. For more information, please visit https:\/\/www.citibank.com.hk\/english\/banking\/citi-plus\/<\/a>.<\/p>\n
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\nthe nature of the products before they make investment decisions.<\/p>\n
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\nplease visit citibank.hk\/citiplus for updates.<\/p>\n<\/div>\n
\nplease visit citibank.hk\/citiplus for updates.
\nservices by opening the investment accounts via the app separately.<\/p>\n<\/div>\n
\npoint-of-sale purchase or online purchase for the first 6 months of card
\nissuance, and up to 0.5% thereafter.<\/p>\n<\/div>\n
\ncurrencies: AUD, CAD, CHF, CNY, EUR, GBP, HKD, JPY, NZD, SGD, THB and USD.
\nBefore shopping at overseas shops or online, prepare sufficient foreign currencies
\nin the account and this service will select the corresponding currency and
\ndirectly debit from the account when the client spends. Citibank will not
\ncharge the foreign currency handling fee.<\/p>\n<\/div>\n
\nGlobal Wallet, the withdrawal amount, together with any surcharge levied by the
\noverseas ATM operator, will be directly deducted from the relevant foreign
\ncurrency account. For overseas withdrawals not made with Global Wallet, Citi
\ndoes not charge any flat handling fee and charges a conversion spread up to
\n2.4% of the Hong Kong Dollar equivalent amount which includes the withdrawal
\namount and any surcharge levied by the overseas ATM operator. Please refer to
\nthe fees and charges for details.<\/p>\n<\/div>\n