Citibank Payroll Account - Citibank Hong Kong

The promotion offer is valid from February 6 to June 30, 2012, both dates inclusive ("the Promotional Period").

Clients must use a Step-Up Interest Account for payroll deposit to be eligible to all promotion offers.

Open a Step-Up Interest Account and register email address and enroll in banking e-statement simultaneously, Citibanking client can get HK$150 cash coupons; Citigold client can get HK$300 cash coupons ("instant gift"). Citibank reserves the right to reclaim the full cash value of the instant gift in the event that an account is closed within 3 months after account opening. Clients are required to submit relevant documents including a copy of their HKID card and valid address proof (e.g. latest banking statement in order to be eligible for the gift.

To enjoy the promotion offer under the promotional period, client must successfully open a Step-Up Interest Account and as the primary account holder during the promotional period and fulfill all other criteria below mentioned ("Eligible Client").

Citibanking client can enjoy minimum balance fee waiver as long as using Step-Up Interest Account for monthly payroll through autopay/standing instruction/check deposit. Citigold client must maintain "Average Daily Combined Balance" of HK$500,000 or above (with HK$30,000 or above monthly payroll). This offer is only applicable for the first year upon account opening and client needs to maintain Citigold minimum balance requirement afterwards. Service charges for certain products apply, please refer to the latest Service Fees booklet^.

Up to 0.8%p.a. preferential deposit interest rate will only apply to Step-Up Interest Account. All deposit rates are for reference only and are not guaranteed. Deposit rates will be subject to change from time to time without prior notice. For details, terms and conditions of Step-Up Interest Account, please refer to the leaflet of Step-Up Interest Account^.

Welcome offer for Citibank payroll account client:

To be eligible for up to HK$1,500 rewards, client must enroll banking e-statement during account opening; and

Client must have first log-on to Citibank online banking within one month after account opening; and

Client must have 3 consecutive monthly payroll deposit through autopay/standing instruction/check deposit in 5 months upon account opening month, with monthly salary of HK$10,000 or above for autopay/standing instruction (as per client's declared basic salary) OR HK$30,000 or above for check deposit (as per client's declared basic salary) in the Step-Up Interest Account.

Rewards correspond to the relevant salary tiers and payroll deposit method:

	Monthly Salary	Autopay or Standing Instruction
Citibanking	HK$10,000 or above	HK$400 Credit Card Spending
Citibanking	HK$30,000 or above	HK$800 Credit Card Spending
Citigold	HK$30,000 or above*	HK$1,500 Credit Card Spending

* To be eligible for HK$1,000/HK$1,500 credit card spending, cilents are required to join Citigold, bring in new funds of HK$500,000 and with payroll of HK$30,000 or above. Upon completion of this offer for 1st year, the "Average Daily Combined Balance" of HK$1,000,000 for Citigold account will be applied.

If client has check deposit with HK$30,000 or above, Citibanking client is eligible to enjoy HK$200 credit card spending; Citigold client is eligible to enjoy HK$1,000 credit card spending*.

Rewards are calculated according to the actual monthly payroll deposited. Clients need to submit valid employment proof as stated in the leaflet. If the actual payroll deposited amount does not equal the client's declared basic salary or the actual monthly payroll deposited has differences, rewards are determined according to the client's declared salary or the actual payroll deposited, whichever is lower. Payroll deposit refers to basic salary only. Any commission, bonus, overtime allowance, double pay, reimbursement, and/or other payments made on top of the basic salary will be excluded from the calculation.

The above rewards are not applicable to client who has had a banking relationship with Citibank during the previous 12 months.

Rewards will be credited to each eligible client with the schedule as below:

Account opening date	3 consecutive monthly payroll deposit before	Rewards will be credited before
April 1 – April 30, 2012	August 31, 2012	September 30, 2012
May 1 – May 31, 2012	September 30, 2012	October 31, 2012
June 1 – June 30, 2012	October 31, 2012	November 30, 2012

Credit card spending will be paid in terms of Citibank credit card spending. The priority of card type for offering credit card spending to Citibanking clients will be Citibank Rewards card, Octopus Citibank credit card, and Citibank PremierMiles VISA. The priority of card type for offering credit card spending to Citigold clients will be Citibank PremierMiles VISA, Citibank Rewards card, and Octopus Citibank credit card. Customer is not allowed to choose card type for the credit card spending offer. If clients are not currently a holder of a Citibank Credit Card, they will require to apply a Citibank Credit Card and the credit card is subject to approval. The same value of cash rebate will be offered if client's card application is rejected or invalid without further notice. Cash rebate will be credited to client's Step-Up Interest Account.

Only those Eligible Clients whose relevant accounts are valid and in good standing during the entire promotion and redemption period will be eligible for the rewards. If the account status has changed, Citibank (Hong Kong) Limited ("the Bank") reserves the right to terminate the Offers to the Eligible Client without prior notice.

Citibank payroll account Referral Program:

HK$1,000 credit card spending will be offered to the Referrer for each Referee who successfully becomes a new Citigold Citibank payroll account client during the Promotional Period, bring in new funds of HK$500,000 and has 3 consecutive monthly payroll deposit in 5 months upon account opening month, with HK$30,000 or above (as per client's declared basic salary). Credit card spending will be credited to client according to the referee's (new client) account opening date and requirement fulfillment date (please refers to clause 7g-7j).

For referee to be eligible for the welcome offer, referee must not have had a banking relationship with Citibank during the previous 12 months.

Referrer must hold a Citibank banking account at the point of the Referee (New client) submits the application of Step-Up Interest Account. Referrer cannot refer himself/herself as a new client. Referrer's entitlement to the program offer will be subject to the bank's confirmation on the Referee's fulfillment of the program offer requirements. For each joint account, only one reward will be given to the referrer. If clients are not currently a holder of a Citibank Credit Card, they will require to apply a Citibank Credit Card and the credit card is subject to approval. The same value of cash rebate will be offered if client's card application is rejected or invalid without further notice. Cash rebate will be credited to client's Step-Up Interest Account.

Terms and conditions apply for all the offers. For details, please refer to the related promotion materials.

10.

If a new client closes all of his/her accounts within 6 months from his/her account opening date, an account closure fee of HK$500 (or equivalent) will be charged.

11.

All gift items are available on first-come-first-served basis while stocks last. All gift items cannot be redeemed for cash.

12.

The above offers cannot be used in conjunction with any other promotion offers.

13.

The Bank shall not be responsible for any matters relating to the product or services provided. The respective companies are solely responsible for all obligations and liabilities in relation to such products or services.

14.

The above banking welcome offers are not applicable for U.S. persons, except deposit interest rate.

15.

The Bank reserves the right to amend any of these terms and conditions without prior notice. All matters and disputes will be subject to the final decision of Citibank.

16.

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