A Complete Guide to Citibank Foreign Currency Account

Dec 27, 2023 | Business

Need to hold funds in a foreign currency outside of the region you are residing in? Citibank’s Foreign Currency Account may be your solution – with a single account, you can conveniently carry out transactions in multiple currencies.

Foreign Currency Accounts are highly beneficial to frequent travellers, expatriates, and international traders or investors who deal in multiple currencies. Here are the 3 essential benefits you can enjoy as a Citibank Foreign Currency Account holder:

  • Carry out cross-border transactions with ease
  • Deposit funds in your preferred currency, simplifying the management of your overseas transactions.
  • Make hassle-free payments abroad with Citibank Debit Mastercard in multiple foreign currencies.

A Foreign Currency Account can be instrumental in streamlining your international banking needs. To understand this service better, we will explore the various types of Foreign Currency Accounts offered by Citibank.

Choose from a wide range of Foreign Currency Accounts from Citi

Citibank offers four types of Foreign Currency Accounts to its customers:

  • Global Foreign Currency Account : This account allows you to streamline your transactions in multiple currencies such as Australian Dollar, Canadian Dollar, Euro, Hong Kong Dollar, Japanese Yen, New Zealand Dollar, Sterling Pound, Swiss Franc, US dollar, and more on a single platform. You can use the Citibank Debit Card to pay for your international purchases without incurring any currency conversion fees. Additionally, this account helps you easily manage all your regular international transactions via Internet Banking, ATMs, AVR, and CitiPhone Banking. Checking facilities are also available for USD transactions – the first cheque book will be issued upon request at no charge once your account is opened, and subsequent chequebooks can be issued upon request via Citibank Online.
  • CitiAccess Account : This checking account is offered by Citibank in the US dollar (USD) denomination, enabling you to handle your USD transactions conveniently. Upon opening this account, you will receive a free chequebook without additional charges. A complimentary check imaging service is also provided with this account to help you monitor and track your transactions.
  • US$ Savings Account : As the name suggests, this Foreign Currency Account is a savings account that helps you conveniently manage your US dollar funds. It allows you to transfer funds between accounts, access global ATMs, and conduct seamless regular transactions through Internet Banking and Citi Phone Banking. This account is particularly advantageous for individuals who are not Singapore residents but frequently conduct transactions in US dollars. With this account, you can obtain preferential rates to exchange Singapore dollars and reduce currency exchange and international transaction fees.
  • US $ Checking Account : This current account allows you to clear US dollar cheques locally in Singapore. Overseas fund remittance can also be easily done via the Citi Mobile® App or Citibank Online. This Foreign Currency Account by Citibank provides greater transactional flexibility and comes with a complimentary Citibank Debit Card.

Conclusion

Citibank’s Foreign Currency Account will come in handy if you frequently carry out international transactions. You can not only transact in multiple currencies on a single platform but also enjoy preferential exchange rates and streamline your overseas transactions. Apply for a Citibank Foreign Currency Account to start enjoying the benefits today!

Citi Singapore

Citi Singapore is a full-service bank offering consumers, corporations, governments and institutions in Singapore a broad range of financial products and services. It is one of the largest foreign banking employers in Singapore and a significant hub for Citi globally. 

The content reflects the view of the article’s author and does not necessarily reflect the views of Citi or its employees. Please read the products and offers on the Citi Singapore website for accuracy or completeness of the information presented in the article.

Contact Information
Sonakshi Murze
Manager
sonakshi.murze@iquanti.com


Topic: Press release summary

Hong Kong – Complete and return requisition forms today

Oct 19, 2023 | International

Complete and return requisition forms today

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     The Rating and Valuation Department (RVD) issued letters today (October 19) to remind rates and/or Government rent payers who have not yet responded to the requisition form (R1A) issued to them in August to complete and return the form to the RVD immediately. The rental information collected will be used for assessing rateable values for the next general revaluation.

     “Whether premises are vacant, let or owner-occupied, rates and/or Government rent payers should complete and return the form once received. They can complete and submit the e-form by using the Electronic Submission of Forms service provided on the RVD’s website (www.rvd.gov.hk),” a spokesman for the RVD said.

     Under the Rating Ordinance or the Government Rent (Assessment and Collection) Ordinance, any person who knowingly makes a false statement or refuses to furnish any of the particulars specified in the form commits an offence and shall be liable on conviction to a respective maximum fine of $25,000 or $10,000, and an additional fine equivalent to three times the amount of rates and/or Government rent undercharged.

     Rates and/or Government rent payers are reminded to affix sufficient postage if they return the form by post to ensure timely and successful postal delivery.

Introducing IAQ: The Complete Home Air Quality Monitor Launches on Kickstarter

May 2, 2023 | Business

 Today marks the launch of a groundbreaking new indoor air quality monitor available on Kickstarter: IAQ, a no-setup, smart device that measures more than 20 air pollutants, including all of the worst contaminants flagged by the EPA.

In a post-pandemic world where people spend more than 90% of their time inside, IAQ provides unparalleled transparency into air quality data. Just plug IAQ into any power outlet in your home, office, or lab and instantly access a dashboard with real-time readouts of contaminant levels in the air, and get alerts directly to your smartphone when air quality drops.

Co-founders Gideon Rubin and Josh Odmark tapped their expertise from successfully co-founding two San Diego-based technology companies, Pandio and Local Data Exchange, to develop IAQ, an easy and sensible approach to monitor indoor air quality and maximize health and safety.

“Despite strong support for global climate change initiatives, we realized that the local environment in our homes is still a relative unknown,” said Rubin. “We started IAQ because we believe creating a cleaner, healthier environment starts in your own home.”

The journey to launching IAQ started with personal experiences that alerted Rubin and Odmark to the gravity of indoor air pollution and the need for a more accessible and comprehensive solution to monitoring indoor air quality.

“When my wife became pregnant with my first child, I started thinking more about the health and safety of our home, and I was shocked to find out how common poor indoor air quality is,” said Odmark. “Even more surprising was how hard it was to get a read on my home’s air quality. Every product on the market was either too expensive, too complicated, or limited in the air contaminants it could measure.”

IAQ addresses these problems by offering comprehensive air quality monitoring in a user-friendly and affordable format. The simple 3D-printed device offers:

– Measurement of 20+ air pollutants, including all EPA-flagged contaminants.
– Real-time dashboard with automated smartphone alerts.
– Seamless integration with popular smart home systems (e.g. Apple HomeKit, Alexa, Smart Things, and more).
– Cellular connectivity for data transmission (no need for Wi-Fi or Bluetooth).
– Easy setup, just plug it in and it starts measuring air quality immediately.

“Ease of use and accessibility were top-of-mind when we were developing this device because the populations most vulnerable to poor air quality, such as the elderly and children, are often the least able or empowered to take action,” said Rubin.

“We wanted to use Kickstarter to launch this product because we think IAQ provides a simple tool for people who’ve had so few options to monitor their indoor air, and crowdfunding felt like a natural fit,” said Odmark. “Our goal is to put one of these devices into every home.”

Today, IAQ can monitor levels of more than 20 indoor air contaminants, including smoke, carbon monoxide, volatile organic compounds (VOCs), mold, radon, and particulate matter. It also captures basic components of air quality such as temperature, air pressure, and humidity.

While IAQ already offers extensive monitoring capabilities, the team plans to explore further advancements in the future, including additional pollutant sensors, sound level detection, and enhanced home automation integrations.

In the long run, the data produced by IAQ can contribute to improved air quality for communities and society as a whole. For example, IAQ data could inform policy to reduce harmful emissions and address growing climate-related concerns such as wildfires, pollution, and extreme weather. The net result is a healthier environment and many lives saved.

Please join the movement for healthier indoor environments by supporting IAQ on Kickstarter today. Visit our campaign page to learn more, contribute, and help bring this revolutionary air quality monitor to homes everywhere.

IAQ
yourIAQ.com
302 Washington St #150-16517
San Diego, CA 92103

Exec bios:

Gideon Rubin is the CEO and co-founder of IAQ, where he leads the company’s strategy and business development. He previously co-founded Pandio and Local Data Exchange, and held c-level roles at NavAds and Local Market Launch. Gideon is an experienced entrepreneur focused on building organizations that use data, AI, and machine learning to solve complex problems and change lives for the better.

Josh Odmark is the co-founder and CTO of IAQ, where he leads product development and engineering efforts. A full-stack engineer with deep experience in data science, machine learning, and artificial intelligence, Josh has co-founded several technology companies, including Pandio and Local Data Exchange. Josh is an experienced engineer and maker with a passion for building data-driven tools that solve everyday problems.

IAQ
Joseph Campbell
(619) 678 0928
yourIAQ.com

ContactContact

Categories

  • Household Products

The Complete Works of William Shakespeare (Abriged) (Revised) at Theatre School @ North Coast Rep

Jan 23, 2023 | Business

 The Theatre School @ North Coast Rep presents a wild twist on Shakespeare, The Complete Works of William Shakespeare (abridged) (revised) as its next student production. All 37 plays in 97 minutes!

Featured in the cast are (Allister Bradberry, Solana Beach; Kai Bunyak, Cardiff; Basil FitzGerald, Escondido; Elise Holland, Rancho Peñasquitos; Isabella Podesta, Carlsbad; Eben Rosenzweig, Carlsbad; Nicole Sample, Carlsbad; and Audrey Wilkins, Carlsbad).

Performances are February 16 through 19 on the mainstage at North Coast Repertory Theatre: 987 Lomas Santa Fe Dr. Suite D, Solana Beach 92075 with show times at 5:30pm Thursday, Friday, and Saturday, and 2pm Saturday and Sunday. Ticket prices are regularly $25.00 for adults and $21.00 for seniors 65 and older, children under age 17, and active military. Please call the box office to reserve your tickets today: 858-481-1055.

North Coast Repertory Theatre
Nancy Richards
(858) 481-1055
http://www.northcoastrep.org

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Categories

  • Performing Arts

Complete Revamp of Post Matric Scholarship Scheme for Scheduled Castes to Provide Universal Access to SC Youth for Higher Education

Apr 10, 2021 | Business

The outlay for Post Matric Scholarship Scheme for Scheduled Castes has increased with historic investment in the present government. It was stated by Minister of State for Social Justice and Empowerment, Shri Rattan Lal Katariawhile reviewing the progress of the scheme in the last financial year. He said that the first release of funds pursuant to complete revamp of PMS-SC has been made. Government has released funds to the tune of Rs. 4000 crores with Uttar Pradesh being allocated the highest funds at Rs. 892.36 crore, followed by Maharashtra at Rs. 558 crore and Andhra Pradesh at Rs. 450 crores.

The government had completely revamped the Post Matric Scholarship scheme for Scheduled Castes to provide universal access to the SC youth for higher education. The funding pattern under the Scheme was changed from the committed liability formula to a fixed sharing pattern of 60:40 between the Centre and the States (90:10 for the North EasternStates), thus increasing the commitment of the Government in the scheme by almost four times. An amount of Rs.35,534 crore was committed by Central Govt. for this scheme till 2025-26 and it is estimated that about 4 crore youth from the SC community will be benefitted during this period. He further informed that apart from increasing the central share in the scheme, the Government has brought in several process improvements to avoid delays in payment of scholarships using the DBT system.

The Minister underscored the importance of education and said that education is the cornerstone on which the edifice of social progress is built. Time and again the Prime Minister has emphasised the impact of quality educationand its importance in moulding an individual to overcome influences of ignorance and superstition in achieving their maximum potentials thereby transforming them into productive assets for the nation building process.

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NB/SK/jk/MoSJ&E/09.04.2021

(Release ID: 1710711)
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