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Open. Deposit. Earn $300. | Citi.com

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https://banking.citi.com/cbol/OM/...efault.htm
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Open. Deposit. Earn $300. | Citi.com
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Created 04-11-2024 at 03:24 AM by JoeBuck85
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Joined Jul 2018
Free is the best deal
> bubble2 1,523 Posts
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spacers
04-17-2024 at 05:24 AM.
04-17-2024 at 05:24 AM.
anyone know if the deposits have to maintained in the account until the credit gets posted or we can withdraw before the promotional credit is applied to account ?
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Joined Feb 2018
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> bubble2 78 Posts
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Catfish500
04-18-2024 at 12:16 AM.
04-18-2024 at 12:16 AM.
Quote from mrmochi :
Open. Deposit. Earn $300. Get 1099-INT form and pay 50% taxes on the interest.




Fixed that for you!

50% taxed rate? I'm glad you're not my accountant!
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Joined Sep 2011
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> bubble2 1,650 Posts
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56XNO
04-21-2024 at 08:32 AM.
04-21-2024 at 08:32 AM.
Quote from spacers :
anyone know if the deposits have to maintained in the account until the credit gets posted or we can withdraw before the promotional credit is applied to account ?
Not sure about this deal, but last time with a similar promotion, once the bonus posted, I withdrew everything and closed the account the next day. Will do the same this time.
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Joined Mar 2009
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> bubble2 1,524 Posts
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supurman182
04-22-2024 at 09:28 PM.
04-22-2024 at 09:28 PM.
What's the difference between the access checking and the regular checking? Do they both qualify for the promotion?

Separate question: does this offer get mentioned during the application process? Is there a promo code or anything like that?
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Joined Mar 2009
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> bubble2 6,504 Posts
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freebies4me2
04-22-2024 at 09:42 PM.
04-22-2024 at 09:42 PM.
Quote from supurman182 :
What's the difference between the access checking and the regular checking? Do they both qualify for the promotion?

Separate question: does this offer get mentioned during the application process? Is there a promo code or anything like that?
Just got this info in the mail today for existing customer.
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Joined Mar 2016
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> bubble2 1,050 Posts
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Rookies1000
04-24-2024 at 10:26 AM.
04-24-2024 at 10:26 AM.
Quote from spacers :
anyone know if the deposits have to maintained in the account until the credit gets posted or we can withdraw before the promotional credit is applied to account ?

I'm keeping my $1,500 in there until the bonus is posted, just to be on the safe side.
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Joined Jul 2014
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> bubble2 1,499 Posts
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SlickDealingInNYC
04-24-2024 at 03:56 PM.
04-24-2024 at 03:56 PM.
Citi is showing my Zelle deposit from non-Citi checking as "ZELLE CREDIT". I don't see any "ACH". Will this still be considered as Enhanced Direct Deposit?
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Joined Dec 2016
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> bubble2 422 Posts
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foefive
04-24-2024 at 07:26 PM.
04-24-2024 at 07:26 PM.
Quote from SlickDealingInNYC :
Citi is showing my Zelle deposit from non-Citi checking as "ZELLE CREDIT". I don't see any "ACH". Will this still be considered as Enhanced Direct Deposit?
Zelle is a peer-to-peer (P2P) payment method that uses the Automated Clearing House (ACH) network to send money between US bank accounts. All Zelle payments are ACH payments, but not all ACH payments are Zelle payments.
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Joined Dec 2016
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> bubble2 422 Posts
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foefive
04-26-2024 at 04:36 AM.
04-26-2024 at 04:36 AM.
Update on my end. I opened my account, my Zelle deposits from a different bank posted on 4/15. I decided to leave the money alone and just received my $300 this morning. Transferring it out now. Will close account on Monday.
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Joined Nov 2019
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> bubble2 12,726 Posts
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Lilyly
04-26-2024 at 05:02 AM.
04-26-2024 at 05:02 AM.
Quote from webtechy :
Enhance Direct Deposit means that Citi will accept Zelle, Venmo or PayPal. It's listed on the site here:

https://www.citi.com/banking/enha...ct-deposit

And also confirmed by others through the following blog:

https://www.doctorofcredit.com/kn...-deposits/

You basically do transfers to yourself from other accounts for the initial $1500 and then setup $250/month to avoid a $5 fee or just close the account once you get the $300 bonus or before the 90 day waived fee period.
money from zelle paypal. does it mean the irs will get reported for income on $500?

do they provide virtual temporary credit card number feature for their citi checking card?
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Joined Nov 2019
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> bubble2 12,726 Posts
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Lilyly
04-26-2024 at 05:04 AM.
04-26-2024 at 05:04 AM.
Quote from Rookies1000 :
I'm keeping my $1,500 in there until the bonus is posted, just to be on the safe side.
some bank promos mentioned you needed to keep account open for at least 180 days. they reserved the right to reverse the bonus.
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Joined Mar 2009
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> bubble2 6,504 Posts
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freebies4me2
04-26-2024 at 09:43 AM.
04-26-2024 at 09:43 AM.
Quote from foefive :
Update on my end. I opened my account, my Zelle deposits from a different bank posted on 4/15. I decided to leave the money alone and just received my $300 this morning. Transferring it out now. Will close account on Monday.
Did you have to wait to receive the debit card before you can zelle? My daughter couldn't zelle and was told she had to wait until she received the debit card.
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Joined Dec 2016
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> bubble2 422 Posts
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foefive
04-26-2024 at 11:33 AM.
04-26-2024 at 11:33 AM.
Quote from freebies4me2 :
Did you have to wait to receive the debit card before you can zelle? My daughter couldn't zelle and was told she had to wait until she received the debit card.
I did not wait and made the first transaction right away after enrolling the account with Zelle. I'm nnonot sure why you need the debit card to enroll the account and receive a payment. However, when I tried to start moving the money out of the account today, it said I had to verify the debit card pin before it would allow. I did receive the debit card like monday, along with a 2nd letter with the PIN. I'm glad I didn't go with my initial reaction of shredding them both, because I figured I wouldn't need them. I will have to wait until I get home later today to start moving out the money. I say "start" because unfortunately, there is a $500 daily limit. Very low compared to the $3-5k daily limits of my other accounts. Maybe because it's so new. No idea, but still worth the total time invested.
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Joined Mar 2022
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> bubble2 15 Posts
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Original Poster
JoeBuck85
04-26-2024 at 11:43 AM.
04-26-2024 at 11:43 AM.
Quote from spacers :
anyone know if the deposits have to maintained in the account until the credit gets posted or we can withdraw before the promotional credit is applied to account ?

I removed mine and got the bonus 5 days later.
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Joined Dec 2016
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> bubble2 422 Posts
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foefive
04-27-2024 at 04:20 AM.
04-27-2024 at 04:20 AM.
I may have to reevaluate if it's worth it or not, lol. I tried to send the 2nd payment back to myself today in the next step for draining my account, and they blocked it. It gave me a number to call. She wanted my account number, but they also blocked my user ID, so I couldn't log in. After verifying a bunch of info, she finally removed the restrictions and I could send the next $500 payment. Unfortunately, there are no Citibank branches where I live, only Citi ATMs, which I imagine would also have daily limits. I hope I don't have to do this whole process again tomorrow and the next day.
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