Popular Deal Advertiser Disclosure

Citi Checking Account $200 - $1500 Bonus ($5K - $200K Deposit Required)

+12 Deal Score
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Citi Priority Account Package – $700 Offer
  • Open new eligible checking and savings accounts in the Citi Priority Account Package during the offer period ends 06/30/2020.
  • Within 30 days of opening your account, deposit $50,000 in New-to-Citibank funds between the new checking and savings accounts.
  • Maintain a minimum balance of $50,000 between the checking and savings accounts for 60 consecutive calendar days.
Citi Account Package – $400 Offer
  • Open new eligible checking and savings accounts in the Citibank Account Package during the offer ends 06/30/2020.
  • Within 30 days of opening your account, deposit $15,000 in New-to-Citibank funds between the new checking and savings accounts.
  • Maintain a minimum balance of $15,000 between the checking and savings accounts for 60 consecutive calendar days.
Citi Basic Account Package – $200 Offer
  • Open a new eligible checking account in the Basic Banking Package during the offer ends 06/30/2020.
  • Within 30 days of opening your account, deposit $5,000 in New-to-Citibank funds into the new checking account.
  • Maintain a minimum balance of $5,000 for 60 consecutive calendar days.

There's also an offer for $1,500 for a Citigold Account Package that requires a balance of $200,000 or more which ends 06/30/2020.

Cash Bonus
The Cash Bonus will be credited within 90 calendar days from the date you complete all Required Activities. At the time the Cash Bonus is paid, it will be credited to the new Eligible Checking Account. If the Eligible Checking Account is closed, then the Cash Bonus will be credited to the new Eligible Savings Account. Open accounts must be in good standing.

The information related to Citi Checking Account Packages has been collected by Slickdeals and has not been reviewed or provided by the issuer or provider of this product or service.
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Created 05-28-2020 at 10:00 AM by JAD92
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These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

174 Comments

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This comment has been rated as unhelpful by Slickdeals users
Joined Nov 2009
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#76
Quote from hellwithu
:
How nicely "TERMS AND CONDITIONS" are in black background. WOW. I am not biting.
It's white text on a black background unless you have a browser setting forcing it to display something else.
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Joined Nov 2009
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#77
Quote from robrob777
:
Thanks but used 98% of my cash (Marcus) to buy stocks (SP) during march... Best thing ever but very scary.. Still holding and living paycheck to paycheck
I wish I'd had enough guts to dump more than I did into stocks. Still got a decent return last week on what I did put in, sold Intel up 30% and Build a Bear up over 200%.
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Joined Jan 2008
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#78
Quote from Medic311
:
First Foundation Bank online high yield savings 1.6% is best I can find. Until recently they were still 2% actually

outside of emergency fund and side account for rental repairs, I keep my real estate "next deal* savings fund in vanguard municipal bond fund admiral shares class. i pay 0 tax on distributions, and price doesn't fluctuate all that much. tax equivalent yield is ~ 3.5% currently for me
1.45% now and dropping...
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Joined Oct 2010
Live Free or Move
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#79
Quote from dude6156
:
1.45% now and dropping...
everyone dropped.

and First Foundation is still highest
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Joined Jan 2008
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#80
Quote from mdjd
:
So if I math is correct:

Dropping $200K into the account to get the $1500 bonus would actually yield a bonus of around $527, right? (Considering you had that money in a savings account earning 1.6%, and considering the savings interest and the bank bonus would both be taxed by Uncle Sam at a rate of 24%)
  • You'd earn around $613 in interest (Including deduction of 24% taxes) if the money remained in the savings for three months. You're essentially losing this interest by having the money in the Citi account, so it's a "cost" that should be deducted from the bonus.
  • $1140 ($1500 bonus taxed at 24%) - $613 (What you would have earned after taxes if left in an interest bearing account) = $527

Dropping $50K into the account to get the $700 bonus would actually yield a bonus around $379, right? (Considering you had that money in a savings account earning 1.6%, and considering the savings interest and the bank bonus would both be taxed by Uncle Sam at a rate of 24%)
  • You'd earn around $153 in interest (Including deduction of 24% taxes) if the money remained in the savings for three months. You're essentially losing this interest by having the money in the Citi account, so it's a "cost" that should be deducted from the bonus.
  • $532 ($700 bonus taxed at 24%) - $153 (What you would have earned after taxes if left in an interest bearing account) = $379

*Edited the calculations to reflect a more accurate tax rate (24% in my case). This actually lowers the effective bonus.
Where are you getting 1.6% — link please...
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Joined Nov 2010
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#81
Quote from siryoink
:
It's white text on a black background unless you have a browser setting forcing it to display something else.

Why it's not same as the rest of the page?

My point is, its hard to read. Don't want to go in too much detail but they do it intentionally so that its harder for users to read.
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Joined Dec 2007
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#82
I was a Citibank customer years ago when they offered free checking to college students. Citibank locations were far between where I was located, but it wasn't to inconvenient if I had to go to the bank. Teller Service was great and ATM's seemed to a par with other Banks. What I liked about them was that they have more of an international presence compared to other Domestic Banks. If I need access to my money when traveling internationally, I could easily have access to my money from one of there international ATM locations without any fees and didn't have to deal with the local money changers. As far as the rate I was getting, it was only slightly less the what the local money changers were offering, which is fine for me since I wouldn't be wondering if I was being cheated. I eventually left because after migrating from a College checking account I didn't have enough in my account to offset the monthly fees.
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Last edited by bsfatboy June 9, 2020 at 01:30 PM.

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Joined Aug 2012
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#83
Quote from LivninSC
:
AMEX Personal Savings, Ally, Capital One, Discover Bank, DollarSavingsDirect are a few. I'm sure there are others as well. Don't expect much in the way of interest right now but those places are usually some of the best that are consistent, meaning they don't get you in on a great rate only to lower it way down.

Here's what I mean. Why would you sign up for Citi when you could sign up for CapOne (if you haven't before) and get up to a $500 bonus while also getting 1.3% interest compared to Citi's paultry 0.1% of lower!

http://www.capitalone.com/score500
How easy it is to either close the Capital One Savings account or transfer the money to other bank after bonus period?
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Joined Jan 2004
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#84
Quote from andys_sweeps
:
How easy it is to either close the Capital One Savings account or transfer the money to other bank after bonus period?
I don't know specifically but it's easy to move $ in/out at all these on-line banks. I usually wait for the $ and then move the $ if I need to or if the rate is good leave it where it is.
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Joined Feb 2006
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Pro
#85
Quote from hellwithu
:
Why it's not same as the rest of the page?

My point is, its hard to read. Don't want to go in too much detail but they do it intentionally so that its harder for users to read.
If you hit the print button and save as pdf, everything is nice and clear.
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Joined Nov 2010
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#86
Quote from tenderidol
:
If you hit the print button and save as pdf, everything is nice and clear.

I understand all those points. My simple concern is, they do that purposefully.
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Joined Nov 2011
L4: Apprentice
349 Posts
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#87
I opened account on-line. But only receiving welcome email with account # last 4 digit.
CITI didn't give me the complete account # to register on-line account.

Do I need to wait until Debit card to finish on-line account registration?

I want to set-up ACH transfer to move money from other bank to Citi....
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Joined Apr 2017
L3: Novice
247 Posts
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#88
It is tempting but citi is the worst. The worst of the worst, specially when it comes to number of branches and customer service.
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Joined Jan 2014
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71 Posts
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#89
Jumped on this deal in Feb (Deposited $15K in Feb 5... ) I am still waiting for the bonus credit. Literally, this saving account is paying 0% interest. Finally, I chat with rep in their mobile App. Rep said I had to wait until July 5.... please be prepared to wait 5 months to get the bonus.
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Joined Jan 2011
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#90
FYI They send you a 1099!
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