Alternatively, you can apply for an Overnight Deposit which serves as a deposit facility to store your foreign currencies. Customers should be mindful of the regulations in their country of domicile with regards to engaging in FX transactions. Citibank eFX is made available to customers on a non-solicited basis. The Overnight Deposit is a deposit facility to store multiple currencies.

While the Overnight Deposit can be used for debiting or crediting purposes during an investment transaction or via Citi Online Foreign Exchange eFX , it is not a transactional account and cannot be used for cash withdrawals, debit card payments or remittances.

Overnight Deposits are opened upon request when customers transact in Investment Products such as Time Deposit, Premium Account, Unit Trust, Portfolio Finance, etc.

Can I make a Citibank eFX transaction using the Overnight Deposits account as the source of funds? If you have an existing Global Foreign Currency Account that is in the same currency as your Overnight Deposit, you can transfer the balance in your Overnight Deposit account via "Payments and Transfers" in Citibank Online. Such transfer does not involve currency conversion. If you do not have an existing Global Foreign Currency Account in a currency that is the same as your Overnight Deposit, you may choose to transfer the balance in your Overnight Deposit account by either using "Payments and Transfers" in Citibank Online or using eFX on the Citibank Mobile ® App or Citibank Online.

Please take note that such transfer involves currency conversion. Simply logon to www. sg to access Citibank eFX. Citi Mobile ® App Trade and track your portfolio on the go! To do so, you will first need to download the Citi Mobile ® App from your Apple App or Google Play stores before logging in. Click here to apply for a Citibank Global Foreign Currency Account. The FX market is not traded on a regulated exchange like stocks and commodities, but rather a network of financial institutions and retail brokers.

The FX market is available for trading 24 hours a day, five days per week. On days when commercial banks and FX markets are not open for business in the country of your selected trading currency. Spot Orders: Available 24 hours a day, including Saturdays and Sundays. On Saturdays and Sundays, no live rates are available. A Market Order or commonly known as a spot transaction, allows you to place a buy or sell order at the current market price.

Settlement is immediate and the currency purchased will be credited into your account immediately. A Limit Order is an instruction to buy or sell a currency at a price you specify. The order will only be executed when the prevailing market price reaches your specified price. It allows you to monitor the market and wait for your preferred pricing in a volatile market.

A Stop-Limit Order is executed when a specified target rate is achieved for the purpose of cutting loss or entry upon conditions being met. A Stop-Limit Order is only executed at the next traded price from the specified target rate. For FX OrderWatch Limit and Stop-Limit Orders , instructions placed will expire if the orders are not filled before the expiry date. The Hold Balance will be maintained for the duration of the Limit Order and will be released after the order is executed, expired or deleted.

During this time, you will continue to earn interest on the Hold Balance if your debit account is an interest-bearing account. However, you will not be able to access or withdraw your Hold Balance until the hold is released. In comparison, if a Sell Limit Order is used instead for the same purpose Order placed at 1.

You have the option of setting the expiry period for 24 hours, a week or a month calendar days. All orders will expire at 9. Counter rates only. For Market Orders, upon your trade confirmation, the currency sold will be debited from your account and the new currency purchased will be credited into your Global Foreign Currency account or a new Overnight Deposits account. Limit and Stop-Limit orders are only triggered and fulfilled when the target price has been met.

Please note that orders which are executed during Night Mode after 11pm may only be valued in the morning after 9am. Accordingly, your funds may be unavailable until the corresponding holds are released after the limit orders are valued. Not directly. Foreign currency withdrawal is not available from local Citi ATMs.

There are no transaction fees charged but the executed FX rate will be the customer "All in Rate", which is different from the prevailing interbank market rate at the time of the execution as it includes a Bank spread ranging from 0. eFX transactions will appear in the respective debit and credit account in your monthly statement. The Overnight Deposits account will appear in your monthly statement. It is segmented into the different currencies which you hold.

For Market Orders and Order Watch Limit and Stop-Limit Orders , these accounts can be used:. The above examples and screenshots are hypothetical and provided for illustrative purpose only.

The scenarios are not based on the past performances of foreign currencies. Citibank is not making any prediction of future movements in foreign currencies by virtue of providing the illustrative examples.

It does not represent all possible outcomes or describe all possible factors that may affect the payout of a transaction in Citibank eFX. Any customers using Citibank eFX acknowledge and accept that all transactions they make are made solely upon their judgment and at their discretion and own risk. Foreign currency trading is subject to rate fluctuations, which may provide both opportunities and risks.

Customers who have any questions about their legal or tax positions as a result of opening an account with Citibank or effecting any transaction on an account with Citibank should engage an independent legal or tax adviser as they consider appropriate. Exchange controls may apply from time to time to certain foreign currencies.

Our Treasury Services Managers and Relationship Managers may assist customers with information on any exchange controls that are relevant to the currencies in which they invest. Market conditions may make it impossible to execute such orders. Citibank's full disclaimers, terms and conditions apply to individual products and banking services.

This communication does not constitute the distribution of any information or the making of any offer of solicitation by anyone in any jurisdiction in which such distribution or offer is not authorized or to any person to whom it is unlawful to distribute such document or to make any offer or solicitation. This website is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, and The Isle of Man or the UK.

Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. For more information, please visit www. Online Foreign Exchange eFX Instantly access foreign exchange rates with spot trades.

Citi FX Calculator Click Here To Try Now Real Time FX rates with our Citibank Foreign Exchange Calculator. Remittance Sending Money Overseas. Benefits Services Let us assist you through a host of benefits and innovative trading services as your foreign exchange needs evolve. Watchlist with Live Rates Convert currencies on the go with Citi Mobile ® App or Citibank Online and personalise your watchlist with live-streaming FX rates.

Rate Alert Get notified immediately through SMS or email alerts when your preferred currency reaches the desired rate, and start trading. Order Watch Automated buy or sell a currency once it has reached your desired rate.

FX Polls Gain insights by viewing a market consensus of your preferred currencies. Charts and Technical Analysis Thomson Reuters provides you with charts and analysis to help identify FX market trends. Citibank Debit Mastercard ® Enjoy instant access to multiple currencies and make payments when overseas or to online merchants with your Citibank Debit Mastercard.

Free ATM Withdrawals Worldwide Enjoy free withdrawals at any Citibank ATMs worldwide from your Foreign Currency Account with Citibank Debit Mastercard. Zero Fees on Overseas Purchases No surprises on hidden or 3rd party fees when you spend overseas or shop online. Citi Global Transfer Transfer funds online between your Citibank accounts globally. Make transactions with certainty Want to pay in foreign currency but afraid of steep exchange rates?

Benefits Services Prevent currency exchange losses on your international investment portfolios by having your funds deposited into a foreign currency account. Order Watch Never miss out on trade opportunities as we watch the markets for you.

FX Polls Interested to find out market expert commentaries on future FX movements? Benefits Services Witi Citi eFX, set your desired foreign exchange rate with Order Watch and let eFX auto execute the order when the market rate matches your desired rate.

Order Watch Get more value for your remittances by avoiding fluctuating exchange rates. Wire Transfers Transfer funds around the world from Citi Mobile ® App or via Citibank Online. Citi Global Transfer Transfer funds instantly from your Citibank checking, savings or money market accounts to your Citibank accounts anywhere in the world. Getting Started Is Easy. Trade from Watchlist with live stream rate. Act instantly when the pricing hits your desired level.

Purchase currency with auto executed order You can set up a preferred FX rate at which the Buy or Sell Order will be automatically executed. Trade at your desire Choose the currency pairs, set your target FX rates, and receive SMS or Email alerts when markets hit your desired FX rates.

Sign up now Already have an account? View More. Order Watch Instantly buy or sell a currency once it has reached your desired rate. Rate Alerts Get notified immediately through SMS or email alerts when your preferred currency reaches the desired rate, and start trading.

Citi Mobile ® App With Citi Mobile ® App's eFX features, you can instantly make currency conversions at your desired rates and make sure you have enough currency at hand. We invite you to learn more about our Market Insight now to find out smarter ways to make investment decisions and stay ahead of the market. Citibank N. Investment products are not available to US persons and not all products and services are provided by all affiliates or are available at all locations.

This document is for general informational purposes only and is not intended as a recommendation or an offer or solicitation for the purchase or sale of any security, currency, investment, service or to attract any funds or deposits. Save to the extent provided otherwise in the Terms and Conditions for Accounts and Services or other applicable terms and conditions, Information in this document has been prepared without taking account of the objectives, financial situation or needs of any particular investor.

Therefore, investment products mentioned in this document may not be suitable for all investors. Any person considering an investment should seek independent advice on the suitability or otherwise of a particular investment.

Before making any investment, each investor must obtain the investment offering materials, which include a description of the risks, fees and expenses and the performance history, if any, which may be considered in connection with making an investment decision. Each investor should carefully consider the risks associated with the investment and make a determination based upon the investor's own particular circumstances, that the investment is consistent with the investor's investment objectives.

In any event, past performance is no guarantee of future results, and future results may not meet our expectations due to a variety of economic, market and other factors. Further, any projections of potential risk or return are illustrative and should not be taken as limitations of the maximum possible loss or gain.

Investments are not deposits or other obligations of, guaranteed or insured by Citibank N. Investors investing in funds denominated in non-local currency should be aware of the risk of exchange rate fluctuations that may cause a loss of principal. Neither Citigroup nor its affiliates can accept responsibility for the tax treatment of any investment product, whether or not the investment is purchased by a trust or company administered by an affiliate of Citigroup.

Although information in this document has been obtained from sources believed to be reliable, save to the extent provided otherwise in the Terms and Conditions for Accounts and Services or other applicable terms and conditions, Citigroup and its affiliates do not guarantee its accuracy or completeness and accept no liability for any direct or consequential losses arising from its use.

Opinions expressed herein may differ from the opinions expressed by other businesses or affiliates of Citigroup, and are not intended to be a forecast of future events, a guarantee of future results or investment advice, and are subject to change based on market and other conditions. The information contained herein is also not intended to be an exhaustive discussion of the strategies or concepts.

At any time, Citigroup companies may compensate affiliates and their representatives for providing products and services to clients. This is not an official statement of Citigroup Inc.

and may not reflect all of your investments with or made through Citibank ®. For an accurate record of your accounts and transactions, please consult your official statement. If this document shows information coming from Citi Research, please refer to the attached link: www. This document may not be reproduced or circulated without Citigroup written authority. The manner of circulation and distribution may be restricted by law or regulation in certain countries.

Persons who come into possession of this document are required to inform themselves of, and to observe such restrictions. Any unauthorised use, duplication, or disclosure of this document is prohibited by law and may result in prosecution. This document is distributed in Hong Kong by Citibank Hong Kong Limited "CHKL". Prices and availability of financial instruments can be subject to change without notice. Certain high-volatility investments can be subject to sudden and large falls in value that could equal the amount invested.

Foreign Exchange This section keeps you abreast of the latest development and focus in foreign exchange market.

International clients need a truly global bank, and Citi International Personal Bank understands that, as part of your investment management, you need to manage your wealth in a range of different currencies, and transfer money securely. One week you may be in London, the next in Paris, and being able to access your wealth quickly and easily is essential. Or you may invest in different markets and want to take advantage of exchange rates.

Our Foreign Exchange services allow you to convert a wide range of currencies, at Citi's market exchange rates. In addition, with our offshore Multi Currency Cash Account , you can go to any Citibank ATM around the world and withdraw your own money in the local currency — a fast and easy way to access your cash, wherever you are. Plus you can transfer funds immediately and fee-free to Citibank accounts to over 20 countries with our global funds transfer service.

CGTs to Non-Resident Indian NRI accounts are not affected by this change in policy. Read more v. You can still transfer money quickly and conveniently to domestic accounts in India via an International SWIFT funds transfer. A fee may be charged for each transfer, for more detailed information on fees see our fees schedule. If you are unsure whether you are paying into a domestic or NRI account, please check with the recipient account holder. Currency Transfers.

Convert a wide range of currencies and transfer funds securely across the globe International clients need a truly global bank, and Citi International Personal Bank understands that, as part of your investment management, you need to manage your wealth in a range of different currencies, and transfer money securely.

Taiwan Thailand UAE United Arab Emirates United Kingdom USA selected locations Vietnam.

All interest rates are subject to change due to market fluctuations without prior notice. At any time, Citigroup companies may compensate affiliates and their representatives for providing products and services to clients. During this time, you will continue to earn interest on the Hold Balance if your debit account is an interest-bearing account. Citi Plus No minimum deposit requirement. Our FX Order Watch service does the hard work for you, keeping a constant check on the currency markets. There are no transaction fees charged but the executed FX rate will be the customer "All in Rate", which is different from the prevailing interbank market rate at the time of the execution as it includes a Bank spread ranging from 0.

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