Citi Bank (2024)

Product Feature

- This product lets the customer mitigate the risk from exchange rate volatility, and there is no restriction on maximum deposit amount etc.

- There is a foreign currency cash fee when depositing or withdrawing in foreign currency cash.

※However, the fee is exempted in the following cases:

- When depositing in US Dollars

- When the amount of the foreign currency withdrawing is smaller than the amount of the same type of currency deposited before.

Types of Foreign Currency Deposit

- Foreign Currency Passbook Account: Deposit and withdraw freely.

- Foreign Currency Current Deposit: Since there is no restriction on deposit period, maximum deposit amount, etc., you can deposit and withdraw freely.

- Foreign Currency Term Deposit: Can receive a high interest by depositing money for a set contracted period.

Foreign Currency Term Deposit: Can receive a high interest by depositing money for a set contracted period.

- All corporate

Interest Rates

- Foreign Currency Passbook Account : Please refer to Deposit Rates

- Foreign Currency Current Deposit : No interest

- Foreign Currency Term Deposit : Market rate, changes daily

Required Documents

- Business Registration Certificate

- ID Card

- Seal Certificate

- Power of Attorney

- Other Required Document(s) (Document to confirm the procedure of the foreign currency acquisition (Certificate of Declaration of Foreign Exchange etc.) might be required.)

※Please contact a corporate banking branch near you for details.

This deposit product is protected by the Korea Deposit Insurance Corporation (KDIC) under the Depositor Protection Act. The KDIC provides insurance on deposits up to KRW 50 million per depositor for the aggregate of his/her insured financial products with this bank including principal and designated interest. The amount in excess of KRW 50 million will not be protected.