U.S. Stock Services

Terms and Conditions for HK & US Stock 3-month Brokerage Buy Fee Waiver

• The “HK & US Stock 3-month Brokerage Buy Fee Waiver” Program (the “New Clients Brokerage Fee Waiver”) is only applicable to Citigold Private Client, Citigold, Citi Priority, Citibanking and Citi Plus clients who open a new securities account with Citibank (Hong Kong) Limited and/ or Citibank, N.A., organized under the laws of U.S.A. with limited liability (the “Bank”) from July 1, 2024 to January 31, 2025 (the “Promotion Period”) and must not have cancelled or held any sole or joint securities account with the Bank within the past 12 months(“New Clients”), in order to enjoy the Program.
• The offer is applicable only to the HK and/or US stock market selected at the time the new securities account is opened. Any markets added subsequently will not be eligible. New Clients can enjoy the unlimited brokerage fee waiver for the buy transactions of HK and US stocks carried out via Citibank Online or Citibank Mobile Securities Services (where applicable) within the first 3 months (3-month period is calculated on the basis of 90 days with Saturdays, Sundays, public holidays and the 90th day included) of securities account opening.
• The eligible HK and/or US stock buy transactions brokerage fee will be upfront waived at the time of trade. Buy and sell transactions of stock in other markets, stock transfer-in and transfer-out, Initial Public Offering, Stock Regular Savings Plan related transactions are not included.
• The Offer is not applicable to

  i.  U.S. Persons.

  ii.  The individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man, United Kingdom, Brazil, New Zealand, Jamaica, Ecuador and Sri Lanka.

  iii.  Employees of the Bank or its subsidiaries during the Promotion Period.

  iv.  Clients who are residents in Singapore.

Terms and Conditions for "Up to a Lifetime Fee Waiver on HK & US Stock Purchases" Program:

• The “Up to a lifetime fee waiver on HK & US stock purchases” Program (the “Lifetime Fee Waiver”) is only applicable to clients who open a new securities account with Citibank (Hong Kong) Limited and/ or Citibank, N.A., organized under the laws of U.S.A. with limited liability (the “Bank”) from July 1, 2024 to January 31, 2025 (the “Promotion Period”) and must not have cancelled or held any sole or joint securities account with the Bank within the past 12 months (“New Clients”), in order to enjoy the Lifetime Fee Waiver.
• New Clients can enjoy the HK and/or US Lifetime Fee Waiver for all buy trades of HK and/or US stocks carried out via Citibank Online or Citibank Mobile Securities Services (where applicable) from the date of account opening if the below requirements are fulfilled:
  i. New Clients must have at least one Eligible HK and/or US Transaction* within the first 3 months (3-month period is calculated on the basis of 90 days with Saturdays, Sundays, public holidays and the 90th day included) of securities account opening to enjoy the Lifetime Fee Waiver from the day following 90th day of account opening until the last day of the same calendar month, the waived brokerage fee for Eligible HK and US Transaction will be capped at HK$888 and US$128 respectively. E.g. New Client, who opens a securities account on July 15, 2024, is required to conduct at least one buy or sell trade of HK and/or US stocks on or before October 12, 2024, in order to continue enjoying the Lifetime Fee Waiver within October 13-31, 2024.
  ii. Starting from the calendar month of the 90th day (the “4th calendar month”), the HK and/or US Lifetime Fee Waiver will continue if New Clients perform at least one Eligible HK and/or US Transaction in each calendar month thereafter. If New Clients do not conduct any Eligible Transaction in any month starting from the 4th calendar month, the Lifetime Fee Waiver will be terminated starting from the following month and cannot be resumed.
  Eligible Transaction refers to HK and US stock buy or sell transactions only. Buy and sell transactions of stock in other markets, stock transfer-in and transfer-out, Initial Public Offering, Stock Regular Savings Plan related transactions, are not considered as eligible transactions in the Lifetime Fee Waiver.
• New Clients are required to pay the regular brokerage fees at the time of trading. The waived brokerage fee during the waiver period will be refunded to clients’ Hong Kong and/or US Dollar settlement account linked to the securities account within 3 months subsequent to the month of the relevant transaction. For Hong Kong stock(s) transaction settled in RMB, the brokerage rebate amount will be credited to Hong Kong Dollar settlement account at the exchange rate of RMB1 = HKD1.2. New Clients should maintain a valid securities account and Hong Kong Dollar settlement account at the time when the refund is made, otherwise the brokerage rebate shall be forfeited absolutely and shall not be paid to the Client through any other means.
• The waived brokerage fee for Eligible HK and/or US Stock Transaction from the next calendar month of the 90th day (the “5th calendar month”) onward will be capped at HK$888 and US$128 each month respectively.
• The Lifetime Fee Waiver is only applicable to Citigold Private Clients, Citigold® services clients, Citi Priority® clients, Citibanking clients and Citi Plus clients.
• The Offer is not applicable to

  i.  U.S. Persons.

  ii.  The individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man, United Kingdom, Brazil, New Zealand, Jamaica, Ecuador and Sri Lanka.

  iii.  Employees of the Bank or its subsidiaries during the Promotion Period.

  iv.  Clients who are residents in Singapore.

Illustration: A New Client who opens a securities account on July 15, 2024, enjoys HK & US Stock 3-month Brokerage Buy Fee Waiver until October 12,2024.

Terms and Conditions for No Minimum Brokerage Fee Offer:

• No Minimum Brokerage Fee Offer (the "No Minimum Brokerage Fee Offer") is valid until January 31, 2025.
• Clients who conduct HK or US stock transactions via Citibank Online or Citibank Mobile Securities Services will have the minimum brokerage fee (HK stock: HKD/RMB100 per transaction; US Stock: USD30 per transaction) waived.

General Terms and Conditions:

• Clients will still be charged non-brokerage fee items such as, but not limited to, Stamp Duty, Transaction Levy and Trading Fee where applicable.
• Online IPO application handling fee waiver is valid until January 31, 2025.
• All the above offers cannot be used in conjunction with any other stock offers.
• All the above offers / rewards are not applicable to clients who are the employee of the Bank or its subsidiaries during the Promotion Period and at the time crediting the rewards.
• The Bank reserves the right to suspend, amend and terminate the offers and change the Terms and Conditions from time to time without prior notice.
• The Bank reserves the right of final decision in the event of dispute.

In the event of discrepancy between the English and Chinese versions, the English version shall prevail.

The US Securities and Exchange Commission (SEC) issued an order directing Equity Exchanges and Financial Industry Regulatory Authority (FINRA) to launch a Tick Size Pilot Program. Tick Size Pilot Program has been implemented and effective from October 3 2016. For limit orders or stop loss orders submitted before US Market open or during the US Stock trading hours, Customer must input a price in an increment of US$0.05 for buying and selling the selected US securities, otherwise, the order will not be processed. Customer should check the order status after order submission. For selected US securities list and details, please refer to the FINRA website for more information.

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In the event of discrepancy between the English and Chinese versions, the English version shall prevail.