Citibank Brokerage Account Types

Citibank offers a variety of brokerage accounts tailored to meet the needs of different investors. The main account types include:

• Brokerage Cash Account: This account allows you to buy and sell securities, providing a straightforward way to invest in the stock market. It requires no minimum deposit and offers commission-free buy trades for new accounts for the first six months in the U.S. and Hong Kong markets.

• Cash Securities Account: This account is used for holding the securities you purchase. It allows you to manage your investments effectively while keeping track of your portfolio's performance.

• Individual and Joint Accounts: Citibank allows the opening of both individual and joint brokerage accounts, catering to various investment needs and preferences.

• Retirement Accounts: Options include Traditional and Roth IRAs, which provide tax advantages for retirement savings.

• Self-directed Accounts: With Citi Self Invest, you can trade without commissions and no account minimums, giving you the flexibility to manage your investments independently.

Citibank Broker Account Opening Process

Opening a brokerage account with Citibank is a simple and efficient process that can be completed in a few steps:

• Eligibility Requirements:
• Must be a Singapore citizen, permanent resident, or employment pass holder.
• Aged 21 years and above.
• Non-U.S. persons only.
• Application Steps:
• Online Application: Log into Citibank Online, navigate to the "Services" section, and select "Investment Services" to initiate the brokerage account opening.
• In-Person Submission: Complete the brokerage account opening form and submit it at any Citibank branch.
• Existing Customers: If you already have a Citibank savings or checking account, you can apply through the online platform for a streamlined process.
• Required Documents:
• Completed application form.
• W-8BEN form (for non-U.S. persons).
• Customer Account Review (CAR) form.

• Processing Time: Your account will typically be opened within 3 working days after submission.

• Post-Opening: Once activated, you can access your brokerage cash account and cash securities account through Citibank Online or the Citi Mobile app, allowing you to trade easily and monitor your investments.

For more detailed information, you can visit Citibank Brokerage.