What does Citi International Personal Bank, London offer clients?
When you join us you become a member of one of the world's largest and most experienced financial services companies, with global resources and leading financial experts to help you manage your wealth.
You will be appointed a dedicated Relationship Manager – a fully qualified investment specialist who can advise you on international wealth management. They will help you devise a strategy to meet your short and long-term financial goals, including access to products and markets that might not be available in your home country. Recruited from around the world, our Relationship Managers speak your language and understand your needs and goals because they grew up in your culture and share your background.
Take advantage of offshore investments and offshore accounts at Citi International Personal Bank.
Investing with us offers:
Secure, personal, international
Jersey is well-established as a leading offshore financial centre and has long been a key base for offshore banking and private wealth management.
If you are an expatriate living and working away from your home, there may be tax advantages to investing in Jersey, and managing your wealth via a Jersey offshore account. By holding some of your wealth outside your own country with Citi International Personal Bank, it may be possible to make the most of these advantages, while benefitting from the security of investing through a stable market.
Jersey offshore banking
As one of the Channel Islands, Jersey operates in a jurisdiction close to but outside of the UK and continental Europe, and offers a high level of security with tightly-controlled regulation from the Jersey Financial Services Commission (JFSC). It is the largest and most established of the Channel Islands in terms of financial services, particularly in the fund management sector where it is a world leader.
Over one in nine of the island's population is a financial services professional and many banks, investment management companies and brokers have chosen the centre as a base because it is politically and economically stable. Over £154.9bn is deposited on the island at one time and well over half of these funds are in foreign currencies.
Whether or not you can reduce your tax liabilities by investing through Jersey is completely dependent on your personal and financial circumstances. These include where you live (your residence), and where you are from or pay your tax (your domicile), which may or may not be in a different country. It also depends on how you are investing and withdrawing your money – as a lump sum or as regular income for example. All of these factors have an impact but expatriates in particular may benefit from managing their money via Jersey offshore banking.
What does Citi International Personal Bank offer Jersey clients?
When you join us you become a member of one of the world's largest and most experienced financial services companies with global resources and leading financial experts to help you manage your wealth.
Investing through Jersey offers you:
If you live in a country where you would prefer not to hold all of your financial assets, you can invest your money the way you want to through us.
You can access a diverse range of investments products and offshore bank accounts that might not be available in your home country.
There may be certain tax advantages to holding a portion of your wealth outside of your home country. This depends on where you live and where you pay tax.
Citi International Personal Bank does not offer tax advice and you should consult your tax or financial adviser to find out what is appropriate for your individual circumstances.
With Citi International Personal Bank you can invest in stocks not only in the UK but also across the world, allowing you to diversify your portfolio and help spread your risk across a wide range of currencies, locations and markets.
Preferred shares are issued over a fixed period of time with an agreed rate of interest. Holders of preferred shares have priority over standard shareholders for payment of dividends, but they have no voting rights.
Exchange-traded Funds and Commodities:
You can also use our International Brokerage service to invest in Exchange-Traded Funds, which are pooled investment products that track stock market indices – such as the FTSE 100 for example.
By pooling your money with other investors you can get quick access to stock market performance while helping spread risk across all of the companies within a particular index. Exchange-Traded Funds are traded on stock exchanges in the same way as individual stocks.
Plus you can buy or sell Exchange-traded Commodities which allow you to gain exposure to commodities without actually taking delivery of the commodity or trading futures.
The International Brokerage service include the ability to buy and sell American Depository Receipts and Global Depository Receipts. American Depositary Receipts are certificates issued by US banks that hold actual shares of a company's stock. Global Depository Receipts are certificates issued by a depository bank which buys shares in foreign companies. They allow you to benefit from the movement of share values of companies in developing countries for example, without having to purchase the stock directly. The minimum amount required to invest via our International Brokerage service is US$10,000 per purchase (or currency equivalent).There is no minimum amount required if you place your order via Citibank Online.
If you want to receive a regular income from your wealth, you could use our International Brokerage facility to invest in bonds. These fixed income financial products (bonds) can provide you with regular income in the form of coupon payments.
By investing in bonds, you are effectively lending money to a company or institution and they promise to repay that debt. Sometimes you specify a fixed rate of interest (known as the coupon) to be repaid at an agreed time in addition to the original sum (known as the principal). But there is a wide range of Bonds and some come with variable rates of interest and no maturity date.
Bonds are normally issued by companies or governments and are normally traded between brokers on the Over the Counter (OTC) market. You can transact bonds via your Relationship Manager on both an Advisory basis and Execution Only basis as well as on an Execution Only basis Online.
Citi International Personal Bank can help you to trade Bonds not only in the UK but also across the world, helping you to diversify your portfolio and spread your risk across a wide range of currencies, locations and market sectors. Take advantage of our International Brokerage.
You should be aware that when investing in bonds, there is a risk that the company or institution may default and, since you are effectively a creditor, you may not necessarily get your money back.
A bond's credit rating is rated by independent credit rating agencies on the basis of how likely it is that the issuer will default. Investment grade bonds indicate a lower likelihood of collapse and High Yield bonds, also referred to as Junk bonds; indicate a higher likelihood of collapse. Government bonds are normally regarded as lower risk compared with corporate bonds and Emergent market bonds normally have a higher risk of default compared with non Emergent market bonds. Please note that these are general observations and there are a number of other additional risks associated with bond investments that you need to be aware of prior to investing in bonds, for example; Market Risk, Settlement Risk and Liquidity Risk.
Please note: These are examples only as of 17th of September 2018 and they are not recommendations or advice.
For example, a corporate bond issued by Citigroup INC, with a BBB+ credit rating by S&P and Baa1 by Moody's, USD denominated with a coupon of 3.877% and maturity date of 10/01/2028 has an ask price of 97.42 and an annualized yield to maturity of 4.24%. A bond with a lower credit rating would normally have a higher yield to reflect the higher risk of the investment.
Another example is a bond issued by Virgin Media with a BB- credit rating by S&P and Ba3 by Moody's. GBP denominated with a coupon of 5.5% and a maturity date of 15/01/2025, with an asking price of 103.34 and an annualized yield to maturity of 4.88%.
With our International Brokerage service you can buy and sell bonds from our extensive range of investment grade, government and emerging market bonds.
Bonds are available in a wide range of currencies Including USD, EUR, GBP, AUD, CAD, NZD, DKK, SEK, NOK, CHF.
You can transact bonds via your Relationship Manager on both an Advisory basis and Execution Only basis as well as on an Execution Only basis Online.
We offer access to the following type of bonds:
The minimum amount required to invest via our brokerage service is US$10,000 (or currency equivalent) for each transaction.
You can also use our international brokerage service for equity trading and to gain access to other financial products. Take advantage of our International Brokerage.
Our Foreign Exchange services allow you to convert a wide range of currencies, at Citi's market exchange rates. In addition, with our offshore Multi Currency Cash Account, you can go to any Citibank ATM around the world and withdraw your own money in the local currency - a fast and easy way to access your cash, wherever you are.
Plus you can transfer funds immediately and fee-free to Citibank accounts to over 18 countries with our global funds transfer service.
Countries included in the Citibank Global Transfer service:
You set the rate, and we'll do the rest.
Wouldn't it be great to know that you could place currency trades in advance, safe in the knowledge that they will only be completed if rates hit the level you desire within your preferred timeframe?
Our FX Order Watch service does the hard work for you, keeping a constant check on the currency markets. You set the exchange rate and we'll do the rest.
FX Order Watch lets you set your own preferred exchange rate between two currencies - for example US Dollars and Euro.
You can set up FX Order Watch quickly and easily using Citi Online, or ask your Relationship Manager to do this for you during office hours. Our dedicated Treasury Sales Officers are also there to provide expert assistance in meeting your Foreign Exchange goals.
Because currency markets fluctuate, there is always a risk with any FX product that you could lose some of your capital if you make a trade and then immediately decide to switch back to your original currency. For this reason our FX solutions, including FX Order Watch, are best suited to experienced investors and those clients who already operate in more than one currency, or those who are prepared to accept the risk that currencies can fluctuate
Please read the full terms and conditions of our FX Order Watch service.
How to place an order
First, you decide the currencies you want to exchange and the rate at which you want to trade (the watch rate), as well as the term over which you want the deal to happen (between one day and 90 days). You then place your FX Order using Citi Online or by contacting your Relationship Manager.
Choose from over 20 different currencies and the following types of orders:
Single order: You place one order and we make the trade if the currency hits your desired level within the timeframe. If it doesn't, the order expires.
One-cancel-other order: You place two orders at the same time. Whichever target is hit first, that trade is executed and the other order is automatically cancelled. If neither target is hit by the end of the term, the order expires.
You can place an FX Order Watch at any time of the day or night using Citi Online, no matter where you happen to be in the world. Our easy-to use dropdown menus make selecting your currencies, target rate, timeframe and order type, simple and quick.
See how to place an FX Order Watch online with our short Help Centre Video.
Citi Online gives you maximum freedom to manage your money and investments. You can register for the service in minutes using just your Citi Debit Card and mobile phone.
Once we take your order, we monitor the currency market 24 hours a day, and will only make the trade when the market rate hits your agreed level.
FX Order Watch can be used to buy and sell over 18 of the world's major currencies:
Move money across the globe quickly and easily and access your cash across the world using your Citi Debit Card and our local network of ATMs.
Citi International Personal Bank understands that your offshore bank account needs to provide you with the flexibility to manage your wealth across the globe, as well as offering easy access to a multi currency account in the currencies of your choice.
Our offshore Cash Account is a foreign currency or a forex account that offers this and more, with a wide range of day to day banking facilities from one of the world's largest financial institutions. If you need access to a foreign currency bank account because you live or work in various countries, or you want to manage your money offshore in your own currency, our Cash Accounts are an ideal base in which to hold your money.
What do you get?
A foreign currency account with a Citi Debit Card that gives you easy access to, and free withdrawals up to £2,000 (or currency equivalent) per day, from an extensive range of Citibank ATM machines across the world. You can also use the card at any global ATM machine, as well as for paying for goods and services.
A dedicated Relationship Manager who can help you with any queries and is qualified to give detailed investment advice.
The opportunity to manage your money in 20 different currencies via a multi currency account free of charge (although exchange rates will apply on cross-currency transfers).
Free online banking services.
A global bank account with access to global fund transfers allowing you to move your money where you want, when you want, in the currency of your choice.
Move your money for free with Citibank Global Transfers. You can transfer to other Citibank accounts in over 20 countries.
Access to a range of investments in different currencies.
Access to our Foreign Exchange solutions that help you to take advantage of fluctuating exchange rates.
Which Currencies available?
Minimum relationship balance: Citi International Personal Bank is constantly striving to meet your offshore and international banking and investment needs.
When you join us you are making a commitment that deserves reward, and in return for maintaining the minimum balance of US$200,000 (or currency equivalent) we offer you free access to a wealth of services and products and a dedicated Relationship Manager. For more information see our fee schedule on the fees and important documents page.
We have plenty of options, via our offshore services, to help you achieve growth, particularly Mutual Funds for those seeking long-term investments.Investing for the long term is a key part of wealth management and Mutual Funds are one of the most popular ways to secure your financial future.Whether you want to preserve your wealth and protect against inflation or grow your money for specific goals, they could be the ideal investment for you.
What are Mutual Funds?
Five Star Offshore Service:
Who are Mutual Funds suitable for?
How can I invest?
Choose from over 500 Mutual Funds
* Association of Southeast Asian Nations including Indonesia, Malaysia, the Philippines, Singapore Thailand, Brunei, Cambodia, Laos, Myanmar, and Vietnam
What do Mutual Funds invest in?
Our investment management partners
Investments in Mutual Funds should be considered as medium to long-term investments. Investments in smaller companies may involve a higher degree of risk, as share prices in this sector are significantly more volatile than those of large cap stocks. Investments in emerging markets may involve a higher degree of risk due to political and economic instability and underdeveloped markets and systems. Investors investing in investment products denominated in non-local currency may be subject to risk of exchange rate fluctuations, which could result in loss of principal if converted back to your home currency.
Mutual funds are investments products and are subject to investment risks which include:
May entail the loss of all or part of the invested capital. Products are (i) not insured by any government agency; (ii) not a deposit or other obligation of, or guaranteed by, the depository institution; and (iii) subject to investment risks, including possible loss of the principal amount invested.
The biggest challenge for most investors is finding the right mix of investments. That’s why we are pleased to now give you access to three professionally managed multi-asset funds, provided by Franklin Templeton, that offer simplicity, diversification and expertise.
Franklin NextStep Funds are all-in-one portfolios that are continually rebalanced to target the appropriate risk level, based on each fund’s investment objective.
Your Relationship Manager can help to select the fund that is right for you based on how much time you have to invest and your tolerance for risk.
Franklin NextStep Funds take diversification to a new level. That’s because each Franklin NextStep Fund is a multi-asset fund that invests in a portfolio of underlying funds. Each of these underlying funds may in turn invest in equities, bonds and/or alternative investments. The result is three portfolios that are invested broadly across fund managers, asset classes and countries. By diversifying with a variety of investments your portfolio’s overall investment returns will generally have a smoother ride.
Franklin NextStep Funds’ portfolio management team takes a proactive, risk-aware approach. This means that along with carefully analysing current market conditions, they constantly research and adjust the underlying funds as they seek to take advantage of opportunities and strive to avoid unnecessary risks.
Types of Funds:
While an asset allocation plan can be a valuable tool to help reduce overall volatility, all investments involve risks, including possible loss of principal. Because these funds invest in underlying funds, which may engage in a variety of investment strategies involving certain risks, the Franklin NextStep Funds are subject to those same risks. In addition, shareholders of the NextStep Funds will indirectly bear the fees and expenses of the underlying funds. The risks described herein are the principal risks of the Franklin NextStep Funds and the underlying funds. Typically, the more aggressive the investment, or the greater the potential return, the more risk involved. Generally, investors should be comfortable with some fluctuation in the value of their investments, especially over the short term. Stock prices fluctuate, sometimes rapidly and dramatically, due to factors affecting individual companies, particular industries or sectors, or general market conditions. Bond prices generally move in the opposite direction of interest rates. Thus, as the prices of bonds in a fund adjust to a rise in interest rates, that fund’s share price may decline. Foreign investing carries additional risks such as currency and market volatility and political or social instability; risks which are heightened in developing countries. Investments in derivatives involve costs and create economic leverage, which may result in significant volatility and cause the funds to participate in losses (as well as gains) that significantly exceed the funds’ initial investment. These risks are described in the funds’ prospectus. Investors should consult their financial adviser for help selecting the appropriate fund of funds, or fund combination, based on an evaluation of their investment objectives and risk tolerance.
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Investments are not bank deposits, and are neither obligations of, nor guaranteed by, Citigroup, or any of its affiliates, unless otherwise stated. They are subject to investment risks, including possible loss of the principal amount invested. Past performance is not indicative of future results; investments can go down as well as up.
All products and services offered by Citi International Personal Bank are subject to terms and conditions and you must agree to be bound by them before we can offer any product or service to you. Some products and services may not be available in certain jurisdictions. This website is not intended for distribution to, or use by, any person in any country where such distribution or use would be contrary to local law or regulation and none of the services or investments referred to in this website are available to persons resident in any country where the provision of such services or investments would be contrary to local law or regulation. You should consult your professional advisers as to whether you require any governmental or other consents or need to observe any formalities to enable you to utilise or purchase the products and services described on this website.
Investing your wealth strategically allows you to live life to the full today, while providing for your future and your family. Yet no matter how well you plan, unexpected opportunities often demand quick access to finance.
Releasing funds at short notice can potentially disrupt your long-term investment strategy, but there is a way to access finance while keeping your portfolio on track. Our Secured Lending solutions offer a quick and easy way to borrow, and Citi offers fixed terms loans or overdraft facilities using our new Portfolio Power approach.
What is Portfolio Power?
Portfolio Power is our Secured Lending solution that helps you access money without disrupting your wealth strategy.
Whether it's a new business venture, a family celebration or an opportunity that's just too good to miss, you need your wealth to work for you, today and over the long-term.
Portfolio Power is suitable for you if:
How it works
Taking a short-term loan or overdraft facility can help you take advantage of new opportunities without interrupting your wider investment strategy.
As with any secured lending facility there are risks to be aware of:
Whether you want an agreed loan for a set period or the flexibility to borrow as and when you need to, our Portfolio Power approach can help you access funds quickly:
If you require more flexible borrowing facilities that allow you to draw on credit as and when you need to, you could open one of our overdraft facilities.
By choosing this option you will only pay interest on the amount you have borrowed (or are overdrawn by), and you will be given an overdraft limit to determine the maximum you can borrow.
Eligibility and fees
WHY CHOOSE CITIGOLD WEALTH MANAGEMENT
Wealth Management Advisory
A goal-based wealth advisory service with access to a wide range of onshore and offshore investment solutions to help create a wealth strategy that is tailored to your needs.
Your dedicated Relationship Manager is an experienced investment advisor and works as part of a team alongside Insurance and FX specialists to help you achieve your unique wealth goals.
To help inform your investment decisions, Citi Analysts bring you regular in-depth global Market Insights. You can join us for exclusive investment seminars and webinars with top Citi specialists and industry experts.
Global Privileges & Offers
An array of exclusive, curated lifestyle privileges and a global banking proposition with worldwide Citigold status recognition.
Take the first steps to your wealth management planning with Citi
Speak to a Relationship Manager - call 0207 500 19920207 500 1992.
Already with Citi? Contact your relationship manager or view product availability on Citi Online.
If you are planning for a future expense such as your children's education or perhaps a new business venture; a product with a fixed maturity date, such as a term deposit, could be a useful investment option.
Time Deposit standard rates are available in the following currencies: