Score
Citibank Korea
South Korea|2-5 years| https://www.citibank.co.kr/ComMainCnts0100_en.act
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Rating Index
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Influence
A
Influence index NO.1
South Korea 8.21Surpassed 14.70% brokers
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
82-2-3704-7100
02-3704-7700
Other ways of contact
Broker Information
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Citibank.co.kr
Citibank Korea
South Korea
Pyramid scheme complaint
Expose
Check whenever you want
Download App for complete information
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
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WikiFX Data provideCitibank Korea · Company Summary
| Citibank Korea Review Summary | |
| Founded | 1967 |
| Registered Country/Region | Korea |
| Regulation | No regulation |
| Financial Products & Services | Banking services, credit card, global forex |
| Trading Platform | Citi Mobile |
| Customer Support | Phone: 82-2-3704-7100 |
Citibank Korea Information
Citibank Korea is a locan Korean bank institution that started its busincess since 1967. It offers traditional banking services such as saving accounts, deposit options, credit card business, as well as global forex services allowing users to withdraw cash from ATMs worldwidely.
Pros and Cons
| Pros | Cons |
| Wide range of financial products and services | No regulation |
| Long industry history | Service fees charged |
Is Citibank Korea Legit?
The company operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.
What Can I Trade on Citibank Korea?
Citibank Korea offers a comprehensive range of financial services, including:
Banking: Savings accounts with competitive interest rates and flexible deposit options.
Credit Cards: A variety of credit cards with rewards, cashback, and mileage benefits to suit different spending habits.
Loans & Insurance: No longer available.
FX/Global: The International Cash Card (ICC) allows for convenient cash withdrawals from ATMs worldwide, and their Emergency Cash Service provides support in case of emergencies.
Citibank Korea Fees
Citibank Korea charges fees for each kind of service. For example, for credit cards, an annual interest rate ranging from 6.9 to 19.9% will be charged based on the loan period.
| Category | Interest Rate |
| Retail Sales (Short-Term) | 7.90% ~ 19.90% |
| Retail Sales (Equal Payment Plan) | 7.70% ~ 19.90% |
| Retail Sales (Long-Term) | 6.90% ~ 19.90% |
| Cash Advance | 6.90% ~ 19.90% |
| Balance Transfer | 7.90% ~ 19.90% |
If you want more details about fees for each product, visit https://www.citibank.co.kr/CusFeesCnts0100_en.act?MENU_TYPE=left&MENU_C_SQNO=M5_003330&STP_DS_0_MENU_C_SQNO=M5_003150.
Trading Platform
Citibank Korea provides a Mobile App available on both iOS and Android phones and can be verified quickly with a 6-digit PIN number.
Negative Citibank Korea Reviews on WikiFX
On WikiFX, “Exposure” is posted as a word of mouth received from users.
Traders are encouraged to review information and assess risks before trading on unregulated platforms. Please consult our platform for related details. Report fraudulent brokers in our Exposure section and our team will work to resolve any issues you encounter.
As of now, there is one Citibank Korea exposures on WikiFX, details as below:
Exposure 1. Unable to withdraw funds
| Classification | Unable to withdraw |
| Date | 2024-06-20 |
| Post Country | Colombia |
An investor from Colombia reported Citibank Korea refused his withdrawal request, saying there were abnormalities in his account and he needed to pay or deposit more to withdraw his money.
The Bottom Line
Citibank Korea offers a comprehensive range of banking services, including savings accounts, deposit options, and credit cards. Their international banking services allow customers to withdraw cash from ATMs worldwide, convenience clients abroad a lot. However, one fact worth noting is that the bank is currently not regulated by any recognized financial authorities.
Therefore, carefull weigh the pros and cons before you decide to use the bank's services.
FAQs
Is Citibank Korea safe?
No really, the broker currently operates without valid regulations.
Is Citibank Korea good for beginners?
No, the absence of regulation and exposure of withdrawal issues are red flags about its security, of which beginners usually have higher demands on.
What trading platform does Citibank Korea have?
Citibank Korea offers a mobile app for trading, available on iOS and Android devices.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.
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