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The funds transfer request (“Funds Transfer Request”) is governed by these terms and conditions (“Terms”), which are additional to the cardmembers’ agreement governing the cardmember’s Citibank Credit Card account (“Cardmembers’ Agreement”). All terms used or defined in the Cardmembers’ Agreement and not otherwise defined in these Terms, shall have the same meanings in these Terms. In the event of any inconsistency between these Terms and the Cardmembers’ Agreement, these Terms shall prevail in so far as they relate to the Funds Transfer Request. Citibank is entitled to change these Terms at any time. This Funds Transfer Request shall be given by the basic cardmember only and cannot be cancelled or changed by the cardmember. Approval of this Funds Transfer Request is subjected to: i. the cardmember’s card account being in good standing as Citibank may determine in its absolute discretion; ii. review and approval by Citibank who shall be entitled to reject a Funds Transfer Request without giving reason; and iii. the outstanding balance on the cardmember’s card account, including amounts transferred and service fees chargeable (where applicable) pursuant to this Funds Transfer Request, not exceeding 95% of the permanent combined credit limit of the card account. Each Funds Transfer Request amount shall not be less than S$500; and must be in Singapore Dollars. Citibank may effect this Funds Transfer Request within a minimum of five Business Days from the date it receives the Funds Transfer Request or such other period as it may determine. The Funds Transfer Request amount will be credited to the cardmember’s designated account one Business Day after it has been debited from the cardmember’s card account. Citibank may charge a service fee to the cardmember’s card ac count upon the approval of this Funds Transfer Request. Interest will be charged on the amount transferred pursuant to the Funds Transfer Request with effect from the date the funds are debited from the cardmember’s card account. Interest will be calculated according to the Cardmember’s Agreement on a 365/366 (for leap year)-day year. The promotional interest is applicable only to the amount transferred pursuant to the Funds Transfer Request, and is valid for the duration of the promotion after which Citibank’s prevailing promotional interest rate will apply. Nothwithstanding the above, Citibank is entitled to cancel or vary the promotional interest rate at any time without giving reason. Outstanding balances in the cardmember’s card account (excluding the amounts transferred pursuant to this Funds Transfer Request and previous funds transfer request(s)) will be charged interest at Citibank’s prevailing interest rate. Funds Transfer Requests cannot be made to credit another Citibank unsecured credit facility account. Funds Transfer transactions will not earn CitiDollars, Bonus Cash, DIVIDEND Dollars, Platinum $, Ultima Dollars, Asia Miles or Citi Miles. Citibank shall be entitled to apply all payments received by it in such manner or order of priority as it may deem fit, notwithstanding any specific appropriation of such sums by the cardmember or any person making such payment. Without prejudice to the generality of the foregoing, Citibank may apply payments received by it in the following order of priority:i. all unpaid interest, fees and charges, fund transfer balances (subject to point 9), cash advances shown in any previous statements of account; ii. all unpaid card transactions (excluding cash advances) shown in any previous statements of account; iii. all unpaid interest, fees and charges, fund transfer balances (subject to point 9), cash advances shown in the current statement of account; iv. all unpaid card transactions (excluding cash advances) shown in the current statement of account; and v. all card transactions (including cash advances and fund transfer balances) not yet included in any statement of account.
Printed : 10/2007 Co. Reg. No. 200309485K
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Payments made to the cardmember’s card account will reduce the amount transferred pursuant to this Funds Transfer Request (after it has been reflected in the cardmember’s statement of account) before reducing any balances transferred pursuant to previous fund transfer request(s).
10. Where the cardmember has enrolled for CreditShield insurance, the cardmember’s insurance premium will be calculated based on the balance outstanding as stated in cardmember’s statement of account. 11. The cardmember will continue to be solely and fully responsible for making any and all payments to his other bank account(s) as may be required until he receives written confirmation from Citibank that the Funds Transfer Request has been effected. The cardmember shall be liable for any interest, overdue payment, finance charges or any other fees, costs, charges and damages incurred whatsoever as a result of his failure or delay in making such payment. The cardmember shall also be liable for any fees, costs and charges charged by other banks as a result of this Funds Transfer Request being rejected by Citibank for any reason whatsoever. 12. Citibank’s decision on all matters relating to this Funds Transfer shall be final and binding. Important: Please retain a copy of these Terms for your reference.
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The funds transfer request (“Funds Transfer Request”) is governed by these terms and conditions (“Terms”), which are additional to the Citibank Ready Credit Customer’s Agreement (“CRC Agreement”). All terms used or defined in the CRC Agreement and not otherwise defined in these Terms, shall have the same meanings when used in these Terms. In the event of any inconsistency between these Terms and the CRC Agreement, these Terms shall prevail in so far as they relate to the Funds Transfer Request. Citibank is entitled to change these Terms at any time. This Funds Transfer Request shall be given by the customer only and cannot be cancelled or changed by customer. Approval of this Funds Transfer Request is subjected to: i. the customer’s CRC account being in good standing as Citibank may determine in its absolute discretion; ii. review and approval by Citibank who shall be entitled to reject a Funds Transfer Request without giving reason; and iii. the outstanding balance on the customers’s CRC account, including amounts transferred and service fees chargeable (where applicable) pursuant to this Funds Transfer Request, not exceeding 95% of the permanent combined credit limit of the card account. Each Funds Transfer Request amount shall not be less than S$500; and must be in Singapore Dollars. Citibank may effect this Funds Transfer Request within a minimum of five Business Days from the date it receives the Funds Transfer Request or such other period as it may determine. The Funds Transfer Request amount will be credited to the customer’s designated account one Business Day after it has been debited from the customer’s CRC account. Citibank may charge a service fee to the customer’s CRC account upon the approval of this Funds Transfer Request. Interest will be charged on the amount transferred pursuant to the Funds Transfer Request with effect from the date the funds are debited from the customer’s CRC account. Interest will be calculated according to the CRC Agreement on a 365/366 (for leap year)-day year. The promotional interest is applicable only to the amount transferred pursuant to the Funds Transfer Request, and is valid for the duration of the promotion after which Citibank’s prevailing promotional interest rate will apply. Nothwithstanding the above, Citibank is entitled to cancel or vary the promotional interest rate at any time without giving reason. Outstanding balances in the customer’s CRC account (excluding the amounts transferred pursuant to this Funds Transfer Request and previous funds transfer request(s)) will be charged interest at Citibank’s prevailing interest rate. Funds Transfer Requests cannot be made to credit another Citibank unsecured credit facility account. Citibank shall be entitled to apply all payments received by it in such manner or o rder of priority as it may deem fit, notwithstanding any specific appropriation of such sums by the customer or any person making such payment. Without prejudice to the generality of the foregoing, Citibank may apply payments received by it in the following order of priority:i. all unpaid interest, fees and charges, fund transfer balances (subject to point 9), cash withdrawals shown in any previous statements of account; ii. all unpaid transactions (excluding cash withdrawals) shown in any previous statements of account; iii. all unpaid interest, fees and charges, fund transfer balances (subject to point 9), cash withdrawals shown in the current statement of account; iv. all unpaid transactions (excluding cash withdrawals) shown in the current statement of account; and v. all transactions (including cash withdrawals and fund transfer balances) not yet included in any statement of account. Payments made to the customer’s CRC account will reduce the amount transferred pursuant to this Funds Transfer Request (after it has been reflected in the customer’s statement of account) before reducing any other outstanding balance in the customer’s CRC account (including any balances transferred pursuant to previous fund transfer request(s)).
Printed : 10/2007 Co. Reg. No. 200309485K
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10. Where the customer has enrolled for CreditShield insurance, the customer’s insurance premium will be calculated based on the balance outstanding as stated in the customer’s statement of account. 11. The customer will continue to be solely and fully responsible for making any and all payments to his other bank account(s) as may be required until he receives written confirmation from Citibank that the Funds Transfer Request has been effected. The customer shall be liable for any interest, overdue payment, finance charges or any other fees, costs, charges and damages incurred whatsoever as a result of his failure or delay in making such payment. The customer shall also be liable for any fees, costs and charges charged by other banks as a result of this Funds Transfer Request being rejected by Citibank for any reason whatsoever. 12. Citibank’s decision on all matters relating to this Funds Transfer shall be final and binding. Important: Please retain a copy of these Terms for your reference.