Citibank Accounts

These accounts help them in everyday savings to investments. They can enjoy higher rates of interest on their deposits with Citibank. The bank offers them smart ways of saving their money and accessing their accounts easily.

Features & Benefits of Citibank Accounts

Here are the key features and benefits of Citibank Account in the UAE.

Personalized Cheque Book

The account holder may get a personalized cheque book with these bank accounts. They have the facility of unlimited checking on the Citi Current Account.

Debit Card

The bank provides the account holder with a debit card, which is accepted globally. They can use this debit card for making transactions throughout the world.

Withdrawals

The Citibank charges no fee on the withdrawals equal to AED 10,000 (maximum) through Citibank ATMs anywhere in the world (in case of current and savings account). On withdrawals made through non-Citibank ATMs, the bank will charge a certain amount of fee on every transaction made within the UAE as well as offshore.

Multiple Currencies

This Citibank account is available to the applicants in various major currencies of the world.

Interest Calculation

The interest earned on the funds deposited in a Citibank savings account is calculated on the basis of the minimum balance (monthly). It gets credited to the account monthly.

24/7 Banking Service

Citibank offers its customers mobile banking and online banking facilities. The Citiphone Banking facility is available to the account holder round the clock.

Citibank Account Types

There are three major types of accounts available with the Citibank in the UAE. Following are the Citibank account types in the UAE.

Citibank Current Account

Citibank Saving Account

Citibank Fixed Deposit Account

Citi Current Account

Whether a professional or in a business, the Citi Current Account is designed for offering convenience and simplicity for all the financial dealings of the account holder. This account lets the account holder experience more flexibility to manage their daily finances.

They can enjoy unlimited checking with their personalized cheque book with this Citibank Account. They can also make a maximum withdrawal of AED 10,000 without any charge through the Citibank’s wide ATM network globally.

Citi Savings Account

The account holder can save and earn more through the Citi Savings Account. No matter they are saving for a big purchase or for their future, this account helps them in realizing their saving goals more quickly.

The account holder can increase their savings with the competitive rates of interest offered on this Citibank Account. At the same time, they can easily access their savings anytime they want to.

The account holder can also make a maximum withdrawal of AED 10,000 without any charge through the Citibank’s wide ATM network globally.

CitiBest Account

This type of savings account is available in US dollars at high rates of interest. The interest is calculated at the day end regularly depending upon the balance maintained in this Citibank Account. The interest accrued is credited to this account on a monthly basis.

The account holder will have to maintain a minimum yearly average balance of 100,000 in US Dollars (350,000 in UAE dirhams). Following is the interest rate offered on this account.

Citi Time Deposit (Fixed Deposit)

For those who are in search of a secure and fast savings option, Citi Time Deposit is a suitable solution. An FD preserves the principal amount while earning a fixed amount of interest for a pre-determined tenure.

Citibank offers a range of tenure starting from 30 days to one year on this Citibank Account. The account holder can choose the duration of their deposit keeping in mind the minimum and maximum period as determined by the bank. The account holder has to make a deposit of at least AED 1,000 on this account.

The account holder also has the option of choosing the currency in which they want to make their deposit from the major currencies of the world (including the local currency). They can also enjoy competitive fixed deposit interest rates for helping them to grow their savings faster.

Document Required to Open a Citibank Account

For Citibank account opening, the following documents are required — 

• Emirates ID
• Passport copy or any one of the below —
  • Valid UAE Driving Licence
  • Online Labour Card Copy – online copies are acceptable
  • UAE Utility Bill issued within last 3 months
  • Valid Free Zone Employment Card copy / Employment Card Copy issued by Local or Federal Government
  • Bank Statement (issued within last 3 months)
  • Current Tenancy Contract copy / Ejari copy (showing local address) or a Title D(in the name of the prospect)

Eligibility Criteria to Open Citibank Account in UAE

While exploring how to open Citibank account in UAE, you must meet the eligibility requirements set by the bank. Refer to the following table to know the eligibility criteria for opening Citibank accounts —

How to Open a Citibank Account in the UAE Via Policybazaar.ae? 

Given below is a step-by-step process to open a Citibank account: 

1. Visit www.policybazaar.ae and go to the ‘Banking Products’ section 
2. Choose ‘Open bank account’. 
3. Fill out the lead form on the next page with correct information. 
4. Submit the form and get your desired quotes page. 
5. Locate the Citibank account and hit ‘Apply’. 
6. Follow the instructions as prompted to complete the process. 

Note: You can conveniently reach out to our customer service team for any assistance required during the process.

Citibank Accounts: Fees and Charges

Mentioned below are the fees and charges associated with the Citibank accounts — 

Time Deposit: Interest Rates

AED Time Deposit Rates

USD Time Deposit Rates

CAD Time Deposit Rates

FAQ's