Citibank Introduces “Move Money to Citi” Mobile Banking Service Providing a One-Stop Digital Wealth Management Service

HONG KONG, CHINA – Media
OutReach – August 24, 2020 – In view of increased client need for wealth
management via digital channels, Citibank has long been devoted to bringing
innovative banking experiences to clients. “Move Money to Citi” service was
recently launched in the Citi Mobile® App to facilitate real-time money
transfer from accounts at other banks to Citibank accounts upon registration.

 

Actively developing its digital banking services, Citibank is observing
flourishing growth in wealth management transactions via digital channels. The
number of wealth management transactions via digital channels, including stock,
foreign exchange, time deposit, mutual fund and certificate of deposit, surged
by 110% in the first half of 2020, over the same period in 2019.

 

As the popularity of investing via digital channels grows,
Citibank’s newly launched “Move Money to Citi” service to will make it easier and
faster than ever for clients to move their money to Citibank, digitally
managing their wealth at one stop. With just a few taps on Citi Mobile® App, clients
can transfer money from the accounts they hold at other local banks to their
Citibank accounts in real time upon registration, and no longer need to switch between the mobile apps of different
banks¹. “Move Money to Citi” service integrates with other local and global
payment capabilities the Bank is currently offering, to bring a complete and
all-round client experience.

 

Winnie Choi, Head of Wealth Management at Citibank Hong Kong, said, “We
see that more and more people are going digital to manage their wealth now.
Citibank keeps embracing digital innovations, and we have our wealth management
tools well-equipped to provide convenient and professional banking services to clients,
from the first day they pull in money to our bank and along their whole wealth
management journey with us. This is how we provide a one-stop digital wealth
management service.”

 

Remarks:

1. For detailed steps, please visit: https://www.citibank.com.hk/english/ways-to-bank/payment-transfer/mobilepuller.html#top

About Citi

Citi, the leading global bank, has
approximately 200 million customer accounts and does business in more than 160
countries and jurisdictions. Citi provides consumers, corporations, governments
and institutions with a broad range of financial products and services,
including consumer banking and credit, corporate and investment banking,
securities brokerage, transaction services, and wealth management.

Additional information may be found at
www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog:
http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn:
www.linkedin.com/company/citi