physixfan 2018-04-10 2018-04-10

Checking Accounts

Citi-Card

Citibank Account Package Review

2018.4 Update: The bonus is now $400! The deposit requirement is $15k. HT: DoC.

Contents

Application Link

  • The Citibank Account Package, please click the “$400” on the left to select this package. When applying, selecting “Regular Checking + Savings” or “Interest Checking + Savings” doesn’t make much difference, because the requirements to waive monthly fees are the same.

Features

  1. Sign-up bonus: $400! Please read below for the requirement to get this bonus. The deadline for this offer is 2018.06.30.
  2. There is a monthly maintenance fee of $25. You can avoid this by keeping a monthly balance of $10,000.
  3. If you meet the above condition to avoid monthly fee, you can also use non-Citi ATMs for free.
  4. No early termination fee. You can close your account at any time, but we recommend you to convert your account to the Citi Basic Banking package to avoid high monthly balance requirement.
  5. You can not use credit cards to do the initial funding.

Bonus Requirements

  1. This bonus is only available for new clients. Those who currently have a Citi checking or savings account, or have closed an account within 180 days are not eligible for this offer. Those with a Citi credit card are not exempt from this offer.
  2. Within thirty (30) days, make a qualifying deposit of $15,000 or more in new-to-Citibank funds into the new checking account or a new or existing Citi Savings Account or existing Citibank Savings Plus Account, and maintain a minimum balance of $15,000 for sixty (60) consecutive calendar days following the date when you made the qualifying deposit.
  3. Direct Deposit (DD) requirement: within sixty (60) days, 1 qualifying Direct Deposit must post to the new checking account each month for 2 consecutive calendar months after opening the new checking account. No DD requirement for now.

Different Citi Checking Accounts

Here is a comparison and contrast on the official website.

Summary

The $400 bonus is a pretty solid offer, especially when you have $15k spare money in hand. If you don’t want to keep such amount of money in Citi, after you get the bonus, you can consider downgrade it to the Basic Banking Package.

Historical Offers Chart

Application Link

  • The Citibank Account Package, please click the “$400” on the left to select this package. When applying, selecting “Regular Checking + Savings” or “Interest Checking + Savings” doesn’t make much difference, because the requirements to waive monthly fees are the same.

Share this post with friends

If you like this post, don't forget to give it a 5 star rating!

[Total: 1 Average: 5/5]

Related

Read the Original Article

Leave a Reply

Your email address will not be published. Required fields are marked *