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Citibank SMS Pay
Citibank has launched an interesting service, Citibank SMS Pay, that allows you to make payment to your Citibank’s credit card bills using your handphone. How Citibank SMS Pay works is that you first setup a one-time arrangement for an Inbound Funds Transfer with your preferred bank. This arrangement will authorise Citibank to make deductions for […]
Citibank Sued by Lehman Minibond Investor
Citibank became the first financial institution in Hong Kong to be taken to court by the Consumer Council over the Lehman Minibond case. Nurse Chan Mei-ying is suing Citibank on the grounds that it misrepresented the nature and risk of a financial product. She claimed to have lost HK$500,000. The Consumer Council is also preparing […]