Joined Dec 2010
L3: Novice
Forum Thread
Citi Simplified Checking. $15/mth fee.
November 23, 2023 at
11:01 AM
Thread Details
I haven't seen this discussed yet. It's been on Reddit.
Citi is basically streamlining their checking accounts but in doing so, it's increasing its monthly balance to avoid fees to $30k or $250 direct deposit.. Right now, my Citi Basic Checking only requires $1500 monthly balance to be free of fees. Fees will be $15/mth.
Considering closing my Citi accounts as it's not my primary bank. I do have a Double Cash card. But I recently received a Fidelity Rewards Visa Signature 2% card. So probably just start banking using my Fidelity accounts. Cash is FDIC insured.
One thing I remember that was nice with Citi ATM was when I was visiting Hong Kong, there were branches everywhere and it made taking out local currency super easy. But I haven't been to HK in years so doesn't benefit now.
Citi gives accounts relationship tiers in retail-banking revamp [bankingdive.com]
Citi is basically streamlining their checking accounts but in doing so, it's increasing its monthly balance to avoid fees to $30k or $250 direct deposit.. Right now, my Citi Basic Checking only requires $1500 monthly balance to be free of fees. Fees will be $15/mth.
Considering closing my Citi accounts as it's not my primary bank. I do have a Double Cash card. But I recently received a Fidelity Rewards Visa Signature 2% card. So probably just start banking using my Fidelity accounts. Cash is FDIC insured.
One thing I remember that was nice with Citi ATM was when I was visiting Hong Kong, there were branches everywhere and it made taking out local currency super easy. But I haven't been to HK in years so doesn't benefit now.
Citi gives accounts relationship tiers in retail-banking revamp [bankingdive.com]
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My 2 cents.