HONG KONG, CHINA - MediaOutReach - August 24, 2020 - In view of increased client need for wealthmanagement via digital channels, Citibank has long been devoted to bringinginnovative banking experiences to clients. "Move Money to Citi" service wasrecently launched in the Citi Mobile® App to facilitate real-time moneytransfer from accounts at other banks to Citibank accounts upon registration.
Actively developing its digital banking services, Citibank is observingflourishing growth in wealth management transactions via digital channels. Thenumber of wealth management transactions via digital channels, including stock,foreign exchange, time deposit, mutual fund and certificate of deposit, surgedby 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 andfaster than ever for clients to move their money to Citibank, digitallymanaging their wealth at one stop. With just a few taps on Citi Mobile® App, clientscan transfer money from the accounts they hold at other local banks to theirCitibank accounts in real time upon registration, and no longer need to switch between the mobile apps of differentbanks1. "Move Money to Citi" service integrates with other local and globalpayment capabilities the Bank is currently offering, to bring a complete andall-round client experience.
Winnie Choi, Head of Wealth Management at Citibank Hong Kong, said, "Wesee that more and more people are going digital to manage their wealth now.Citibank keeps embracing digital innovations, and we have our wealth managementtools 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 wealthmanagement journey with us. This is how we provide a one-stop digital wealthmanagement service."
Remarks:1. For detailed steps, please visit: https://www.citibank.com.hk/english/ways-to-bank/payment-transfer/mobilepuller.html#top
Citi, the leading global bank, hasapproximately 200 million customer accounts and does business in more than 160countries and jurisdictions. Citi provides consumers, corporations, governmentsand 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.
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