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Update: Citi moves goalposts on retail banking monthly fees

Total relationship balance required for mass retail segment triples to $15k, but higher-end clients enjoy lower TRB

Citi said its clients are primarily of the emerging affluent and affluent segments. The bank has extended a waiver of the account service fee to its mass retail, or Citibanking, customers to June 30, 2017.


CITIBANK Singapore has tripled the amount of money that its mass retail clients have to tie to their accounts to avoid incurring a monthly fee, sharpening its focus on the "emerging affluent" market.

The US bank told customers that it has standardised its total...

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