Apply for a US Dollar Savings Account Online - Citibank Singapore (2024)

FAQs

Can I open US dollar account online? ›

Open a domiciliary account online in 5 minutes

Available in US Dollar account, Pounds account or Euro account in Nigeria, you can fund your account via cash inflows and deposits at any WEMA bank branch closest to you.

Can I open a USD account in Singapore? Yes, you may open a USD Account if you are based in Singapore.

You can open a foreign currency account yourself on Citibank® Online or in the Citi Mobile® application. Log in and select 'My Finance' in the top menu, followed by 'Personal Accounts', and go to the end of the accounts list. Select 'Open an FX or Savings Account'.

You can apply online to open a checking account with Citi. To open a new checking account online, you'll enter basic information, such as your address and Social Security number and choose funding options.

It is possible in theory to set up a US bank account online from abroad — but in practice it's usually hard to find a traditional bank which will let foreigners get full access to an account online. That may mean you can start your application remotely, but need to attend a branch to get verified, for example.

USD account with debit card

If you are looking to hold USD and spend directly from your USD balance, consider opening accounts with Wise or TD Bank. Both providers offer debit cards linked to your USD account, allowing you to spend in USD without any conversion fees.

Documentation requirements include a valid passport, employment pass, and possibly secondary ID like a utility bill or employer letter. Top banks in Singapore for foreigners include DBS Bank, United Overseas Bank (UOB), and Oversea-Chinese Banking Corporation (OCBC), offering various account types and services.

Standard Chartered Singapore's USD$aver account is a high interest savings account with up to 3.50% p.a. interest. There is no lock-in period, allowing access to your US dollar funds anytime, anywhere. Plus, get up to 2% cashback on all MasterCard transactions with the USD High Debit card.

You can perform a funds transfer in foreign currencies to another local bank through Telegraphic Transfer, where agent fees will apply. There are various channels available and the most convenient method would be via digibank mobile.

Citi's International Payment Account (IPA) solution offers a comprehensive, centralized, non-resident bank account solution to help simplify the management of foreign currency balances, transactions and flows and reduce associated costs.

How do I request foreign currency Citibank? ›

Just call 1-800-756-7050 by 3 p.m. CST and you'll get next business day delivery² of more than 50 foreign currencies .

Yes, once you have turned on Citibank Global Wallet, your point-of-sale/online transactions and overseas ATM cash withdrawals will be automatically debited from your foreign currency account as long as there is sufficient balance.

It is a Peso savings account, which you can apply for online using the Citi Mobile App. As an all-digital Citibank Savings Guard accountholder, you may also avail of time deposits, personal loan, and Citi credit cards. What are the benefits of the all-digital Citibank Savings Guard account?

Applicants for a Citi savings account must be a U.S. citizen or resident and at least 18 years old. You'll need to provide a physical U.S. address and Social Security number. Citi allows you to open a high-yield savings account online or over the phone. Other accounts may be available in a branch.

You will need a minimum of S$250,000 in fresh funds in Assets Under Management (AUM).

Make and receive foreign payments with our foreign currency accounts. Open your account in euros, US dollars, and 10 other currencies.

Simply open the Cardtonic app, select the “Virtual Dollar Card” option on the dashboard, choose the preferred card type, input your details, and click on “Create Virtual Dollar” to complete the process. 1. Open the Cardtonic app and sign in to your account.

With Cleva, you can easily open a USD account in your name, allowing you to receive payments from clients, employers, and platforms like Fiverr, Upwork, PayPal, and Payoneer.

One of the biggest benefits to having a U.S. account is probably having the option to exchange money when the rates are good and hold onto those funds for when you need them.