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Old 15-12-2020, 11:48 AM   #7782
sgreview
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It is actually stated at quite a few areas at the FAQ and on the PDF Terms and Conditions

https://www.citibank.com.sg/global_d...2_Dec_2019.pdf

https://www.citibank.com.sg/gcb/depo...PUAAENLCRYCALM

How is the lowest balance of account opening month determined?

The lowest balance of that month will be the lowest amount of funds in your MaxiGain account at any point in time in the month (which includes the first day on which your MaxiGain account is opened). The lowest balance for the first month will be zero if the MaxiGain account is not funded on the day it is opened.


My concern is if I made an accidental funds transfer from the MaxiGain account, but I replenish the same amount immediately within the same day, my "lowest balance" will be affected because "at any point in time" i already withdrew the funds hence the balance is at its lowest at that point of withdrawal / transfer.

However, the very same FAQ Table also states "End Day Balance", can also mean that as long as I replenish the funds before 12 midnight the same day, logically it should not be affected as by the end of the day, the amount remains the same as I replenished the funds transferred / withdrew out.
Haha.. Stop confusing yourself la! What u highlighted is actually the ANSWER to your question!

End of day balance - e.g. on 15/12/20,
Starting balance: 10k, u deposit 1k, then withdraw 3k, then deposit 2k.
End day balance: 10k

Lowest balance in the Month -

e.g. (1) your account was opened on 1/12/20 and u DID NOT deposit on 1/12/20, but deposit 10k on 2/12/20 and remain as 10k for the rest of the month:

So end day balance on 1/12: 0
End day balance on 2/12 - 31/12: 10k

Your Lowest balance in the Month is 0

e.g. (2) your account was opened on 1/12/20 and u deposited 10k on 1/12/20, and deposit 5k on 2/12/20 and withdraw 6k on 3/12:

So end day balance on 1/12: 10k
End day balance on 2/12: 15k
End day balance on 3/12 - 31/12: 9k

Your Lowest balance in the Month is 9k
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