Periodically throughout the year Citibank will have new checking, savings and business account promotions for bonus cash.
The typical bonus amounts include $200, $300, $400, $500, $600, $700, $1000, $1500, $2000 and sometimes up to $5,000. While the Chase Bank bonuses are typically more popular, these offers from Citi are very competitive for people with the cash available to qualify for the bonus. This is because Direct Deposit is oftentimes not required.
You’ll find Citibank branches across the following states: CA, CT, DC, DE, FL, IL, MA, MD, NJ, NV, NY, PA, SD, TX and VA. Personal Checking and Savings offers appear to be available nationwide.
Citi Checking accounts have reportedly been some of the best for low-fee ATM usage overseas.
See the offers below.
Best Citi Banking Promotions & Offers
Here's a targeted offer where Citi Cardholders can earn a $200 bonus for opening a new Citi checking account. The...Read more
Existing customers can earn $100 - $5,000 when opening a new Citi® Savings Account and completing required activities. Update 10/22/2023: This offer ended...Read more
Find updated promotions and offers from Citi Personal Wealth Management here. Currently, this service from Citibank is offering up to...Read more
Earn a $300 to $2,000 bonus with a new Citibank Business Checking account with this offer from Citi. Offer available...Read more
Open a new checking account in an eligible account package and earn a cash bonus of up to $2,000 with...Read more
Earn up to a $500 bonus for a new Citi Self Invest account with this offer. The minimum deposit for...Read more
Citi is offering a bonus of up to 60,000 American Airlines AAdvantage miles for opening a new checking account, making...Read more
Citibank is offering existing checking account customers a bonus up to $200 in value when they try to close accounts....Read more
In this post we'll go over the best international banks with branches worldwide. If you're living and working abroad, or...Read more
More About Citi
Citibank’s Origins: Started back in 1812 as the City Bank of New York, it’s now the consumer-facing part of Citigroup, the U.S.’s third-largest financial powerhouse.
Branch Distribution: While they boast nearly 1,000 branches in the U.S., most are in big cities like New York, Chicago, LA, D.C., Miami, and San Fran.
Banking Strategy: Unlike the usual stand-alone checking and savings accounts, Citi bundles them. There’s a monthly fee, but it can be waived and covers both accounts.
Comparison with Other Banks: Citi doesn’t really stand out in the crowd. They’ve got fewer branches than other national banks, and their rates are pretty standard.
High-Yield Savings: An exception is their Citi Accelerate Savings. It offers an APY that’s a cut above most big-name banks.
Pro Tip: To really get the most bang for your buck with Citi (or any big bank), keep an eye out for their frequent bonus offers.
Be Sure To Avoid The Monthly Fees
Maintenance Fees: Citi’s checking and savings accounts often come with monthly fees. However, ways to waive these charges are available, and the specifics differ per account.
Evaluate The Real Bonus Value: Always factor in these monthly fees when gauging the true worth of a Citi promotion or special offer.
Be Sure The Account Works For You: If you find it tough to meet the criteria to sidestep the fees, the Citi product might not be your best long-term choice.
Understanding Citibank Offers: Is There A Catch?
Don’t Rush: Spotting bonus cash for a new Citibank account might make you eager to jump in, but it’s crucial to take a step back and fully understand the terms.
Promotion Limitations: Like most banks, Citi has certain restrictions on their offers that might make you ineligible.
Eligibility Rules: For instance, Citi Priority, Citigold, and Citibank “New to Citi Checking” bonuses are not open to those who’ve had a Citi checking account within the last 6 months. Plus, you need to be at least 18 years old.
Understanding The Fee Structure: It’s also crucial to get a handle on the account’s fee structure. A sign-up bonus of $300 can quickly be offset by a $30 monthly fee.
Waiving Maintenance Fees: The good news is that many of these fees can be avoided if you meet certain conditions.
Digging Deeper: By clicking “full details” on any active offers, you can get the complete breakdown of the terms and fees for each promotion. Be sure to read this info before proceeding.
Citi Bonuses Tips & Tricks
When aiming for that tempting “free” cash from Citi, make sure you’re playing by the rules. Here’s a quick breakdown:
Citi Promo Offers:
- Always initiate by clicking “Apply Now” from the specific offer’s landing page on Citi’s site.
- If opening an account via phone, ensure you ask to be included in the offer; it’s not automatic.
- A crucial reminder: signing up without following the proper procedure won’t get you the bonus, even if all other conditions are met.
- The more you deposit, the bigger the reward.
- It’s not a one-size-fits-all situation with Citi.
- You usually have 20-30 days to reach your deposit target but watch out; dropping below your tier during the holding period (typically 60 days) reduces your bonus.
- Most offers are for new accounts only.
- Eligibility is based on “product categories” like “consumer checking account”. So, a Citigold Checking Account holder could still get bonuses for a CitiBusiness Streamlined Checking account, but not for another type of personal Citi checking account.
The Two-Year Rule:
- Citi restricts welcome bonuses to once every two years per product category.
Watch Out for Clawbacks:
- No early termination fees, but if you close your account before getting the bonus, it’s forfeited.
- Expect to stay with Citi roughly 6 months: 30 days to deposit, 60 days holding the balance, and a 90-day wait to get paid.
- Bonuses are taxable. Expect a 1099-INT form from Citi at year-end.
Citi’s main office is in New York, and they’ve got around 2,600 branches globally, with about 1,000 of those in the U.S.
Plus, they’ve got over 72,000 ATMs where you don’t pay fees. So, accessing your money’s pretty straightforward.
While most people recognize Citi for their credit cards, they actually have a wide range of services, from regular banking to wealth management.
One great thing about Citibank is their frequent promotions. When you open a new account or get a credit card, there’s a good chance you’ll snag some bonus cash.