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Citibank New Checking, up to $2000 (maintain for 60 days after 21th day of opening)

-5 Deal Score
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LIMITED-TIME OFFEREARN UP TO $2,000

Open a new checking account in an eligible account package from 7/18/22 through 1/9/23 and earn a cash bonus of up to $2,000 after completing required activities.
Simply deposit qualifying funds within 20 days of account opening and maintain your balance for an additional 60 days from the 21st day to unlock your bonus.
Only New-to-Citibank checking customers can take advantage of this offer

$300,000 OR MORE $2,000
$200,000 - $299,999 $1,500
$75,000 - $199,999 $1,000
$30,000 - $74,999 $500
$10,000 - $29,999 $200

Note: keep balance of 30k to avoid $30 monthly fee

https://online.citi.com/US/ag/ban...ial-offers
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Created 08-06-2022 at 10:20 PM by harpons
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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.

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Joined Jul 2013
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buy_now_think_later
08-07-2022 at 01:03 PM.
08-07-2022 at 01:03 PM.
Quote from carbonara :
Will never go to Citi or any of the big banks. There are monthly limits on ACH transfers that will make transfer in or out money in 20 days impossible. I guess all banks that have physical branches do that to prevent fraud. Only 100 pct online banks don't have such limits. One way around that if you personally carry cashier checks or require such on withdrawal, too inconvinient and unsafe.

Why not just use a regular check?
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Joined Aug 2009
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carbonara
08-07-2022 at 01:12 PM.
08-07-2022 at 01:12 PM.
Quote from buy_now_think_later :
Why not just use a regular check?
For 30K+ ?
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Joined Jul 2013
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buy_now_think_later
08-07-2022 at 01:31 PM.
08-07-2022 at 01:31 PM.
Quote from carbonara :
For 30K+ ?

I don't think there is a limit on personal checks. May be to deposit it you need to go a branch or an atm because mobile may have limit
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Joined May 2009
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> bubble2 288 Posts
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mark66
08-07-2022 at 02:09 PM.
08-07-2022 at 02:09 PM.
Do you need to keep the entire amount in checking account that pays 0% to qualify for this? I am assuming prime money market funds may be paying at least 2.5-3.5% over the next 3-6 months.
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Joined Jun 2006
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> bubble2 2,374 Posts
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nyknicks8
08-07-2022 at 02:12 PM.
08-07-2022 at 02:12 PM.
Not as good as the chase offer for $600
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Joined Jul 2022
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> bubble2 76 Posts
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SlickVest2536
08-07-2022 at 03:06 PM.
08-07-2022 at 03:06 PM.
They've had better offers on this. You used to get $400 for 10K over 2 months.
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Joined Mar 2016
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justBawesome
08-07-2022 at 03:14 PM.
08-07-2022 at 03:14 PM.
30k to avoid monthly fee ? That's too much !
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Joined Sep 2005
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merlinx
08-07-2022 at 04:16 PM.
08-07-2022 at 04:16 PM.
Quote from buy_now_think_later :
I read the terms and conditions and it does not that is the case
I opened it over the phone the basic one that is $12 a month the agent confirmed it would work. he entered hte promo and it accepted it.
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Joined Jul 2007
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> bubble2 635 Posts
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onlycash
08-07-2022 at 04:17 PM.
08-07-2022 at 04:17 PM.
Quote from carbonara :
Will never go to Citi or any of the big banks. There are monthly limits on ACH transfers that will make transfer in or out money in 20 days impossible. I guess all banks that have physical branches do that to prevent fraud. Only 100 pct online banks don't have such limits. One way around that if you personally carry cashier checks or require such on withdrawal, too inconvinient and unsafe.
Quote from buy_now_think_later :
Why not just use a regular check?
Quote from carbonara :
For 30K+ ?
Quote from buy_now_think_later :
I don't think there is a limit on personal checks. May be to deposit it you need to go a branch or an atm because mobile may have limit

I may be mistaken but on more than one occasion I've asked people at different banks about ACH limits. I've always gotten the same answer. An institution can set there own ACH limits but they can't do anything about an ACH initiated from an outside institution.

Meaning that if you place an ACH at a different bank to pull more than $30K they can't do anything to prevent it. The $30K rule would only apply to an ACH initiated from within CITI bank.



.
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Last edited by onlycash August 7, 2022 at 11:01 PM.
Joined Jul 2013
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> bubble2 806 Posts
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buy_now_think_later
08-07-2022 at 04:28 PM.
08-07-2022 at 04:28 PM.
Quote from onlycash :
I may be mistaken but on more than one occasion I've asked people at different banks about ACH limits. I've always gotten the same answer. An institution can set there own ACH limits but they can't do anything about an ACH initiated that an outside institution.

Meaning that if you place an ACH at a different bank to pull more than $30K they can't do anything to prevent it. The $30K rule would only apply to an ACH initiated from within CITI bank.



.

There is usually limit on that as well. For example PNC limits it to 25k per month or 15k per transaction
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Last edited by buy_now_think_later August 7, 2022 at 04:49 PM.
Joined Nov 2006
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> bubble2 6,461 Posts
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DKTVPN
08-07-2022 at 05:41 PM.
08-07-2022 at 05:41 PM.
My sister just got the bonus $700 after more than 4 months. They keep delaying to post the bonus on her account. So as mark66 posted it's easy to get 2,5% rate in the next 4 months to make the same $2,000 or more with totally in control of your money.
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Last edited by DKTVPN August 8, 2022 at 05:56 PM.
Joined May 2007
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> bubble2 74 Posts
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Original Poster
harpons
08-07-2022 at 05:51 PM.
08-07-2022 at 05:51 PM.
Quote from DKTVPN :
My sister just got the bonus $700 after more than 4 months. They keep delaying to post the bonus on her account. So as mark66 posted it's easy to get 2,5% rate in the next 4 months to make the same $2,000 or more with totally in control of your money.
Yea, dont think the max bonus scores the best deal.
Highest % with 10k deposit, but will be hit with $30 monthly fee that wipe out the gains.
If you have spare 30k, $500 bonus is not bad.
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Joined May 2007
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harpons
08-07-2022 at 05:52 PM.
08-07-2022 at 05:52 PM.
duplicate entry
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Last edited by harpons August 9, 2022 at 07:21 PM.
Joined Nov 2013
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> bubble2 1,523 Posts
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ndj123
08-07-2022 at 05:56 PM.
08-07-2022 at 05:56 PM.
I'm still waiting for PIN for CITI account opened half a year ago lol. Other people reported same issue as well.
Good luck if one doesn't have a branch nearby.
There's no way to link checking account w/o pin.
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Joined Jul 2007
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> bubble2 635 Posts
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onlycash
08-07-2022 at 11:02 PM.
08-07-2022 at 11:02 PM.
Quote from buy_now_think_later :
There is usually limit on that as well. For example PNC limits it to 25k per month or 15k per transaction

From what I understand, when an ACH arrives at a bank, it can only turn it away if the funds are unavailable.


Just this week I ACH funds out of two banks far in excess of their internal ACH limits.


I suggest you try an ACH above the limits and see what happens.


Just to be clear, what I'm saying is an ACH initiated at an outside institution, not from within the bank setting the limit.

.
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