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04-11-2024 at 07:05 AM.
Looks like ACH via Zelle/PayPal/Venmo will code as direct deposit.
"An Enhanced Direct Deposit is an electronic deposit through the Automated Clearing House ("ACH") Network of payroll, pension, social security, government benefits and other payments to your checking or savings account. It also includes all deposits via Zelle® and other digital payments when made via ACH using providers such as Venmo or PayPal.
To earn the bonus, qualifying Enhanced Direct Deposits must be made to an eligible checking account that remains open and in good standing."
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04-11-2024 at 10:55 PM.
I called CiTi and talked to a rep today and this is what she said:
1. Create an account and make 2 Venmo/Zelle deposits totaling minimum 1500 within 90 days. Once the deposit has been confirmed/shows up, you can withdraw the 1500 and don't need to keep it in the account.
2. After receiving the 300, you can close the account any time.
3. The fees are waived the first 3 months (unless she was mistaken and didn't specify exactly). The fine prints reads: In addition to Relationship Tier waivers, Monthly Service Fees are waived for Regular Checking accounts and Access Checking accounts 1) when the account has $250 or more in Enhanced Direct Deposits ("EDD")**, or 2) in the month of account opening and for the first 3 full calendar months after account opening.
If anyone can confirm if all these are true, that would be great. So once we open an account, we just need to use Venmo or Zelle and send 2 payments equaling 1500 and within 30 days, we should get the 300 bonus? Can it either be from yourself or a friend/family member?
Citibank is making a major revamp to their business model. You need a $30,000 minimum monthly average account balance to avoid any fees... this is regardless of whether you have direct deposits going into the account from work.
Don't think other banks have such requirements... most just want a monthly direct deposit to maintain no fees... its crazy that citibank wants people to have 30k of stagnant money at all times.
Citibank is making a major revamp to their business model. You need a $30,000 minimum monthly average account balance to avoid any fees... this is regardless of whether you have direct deposits going into the account from work.
Don't think other banks have such requirements... most just want a monthly direct deposit to maintain no fees... its crazy that citibank wants people to have 30k of stagnant money at all times.
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Our community has rated this post as helpful. If you agree, why not thank Ride_The_Sky
Open Citi Checking with a enhanced direct deposit by 7/28
Schedule least 2 enhanced direct deposits of total 1500 or more.
Earn $300 after conditions are met.
There are fees if you don't deposit at least $250 via enhanced deposit every month.
Our community has rated this post as helpful. If you agree, why not thank qkumbr
"An Enhanced Direct Deposit is an electronic deposit through the Automated Clearing House ("ACH") Network of payroll, pension, social security, government benefits and other payments to your checking or savings account. It also includes all deposits via Zelle® and other digital payments when made via ACH using providers such as Venmo or PayPal.
To earn the bonus, qualifying Enhanced Direct Deposits must be made to an eligible checking account that remains open and in good standing."
Regarding, the latter question, "TOTAL 1500 or more."
GOING TO DEPOSIT 30k OR MORE BLAH BLAH BLAH.
no interest on it.. why would I go drop 50k?
The only thing this is good for is to pocket $300 no pretending otherwise citi...
Fixed that for you!
Our community has rated this post as helpful. If you agree, why not thank bede2k
1. Create an account and make 2 Venmo/Zelle deposits totaling minimum 1500 within 90 days. Once the deposit has been confirmed/shows up, you can withdraw the 1500 and don't need to keep it in the account.
2. After receiving the 300, you can close the account any time.
3. The fees are waived the first 3 months (unless she was mistaken and didn't specify exactly). The fine prints reads:
In addition to Relationship Tier waivers, Monthly Service Fees are waived for Regular Checking accounts and Access Checking accounts 1) when the account has $250 or more in Enhanced Direct Deposits ("EDD")**, or 2) in the month of account opening and for the first 3 full calendar months after account opening.
If anyone can confirm if all these are true, that would be great. So once we open an account, we just need to use Venmo or Zelle and send 2 payments equaling 1500 and within 30 days, we should get the 300 bonus? Can it either be from yourself or a friend/family member?
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Don't think other banks have such requirements... most just want a monthly direct deposit to maintain no fees... its crazy that citibank wants people to have 30k of stagnant money at all times.
Fixed that for you!
Don't think other banks have such requirements... most just want a monthly direct deposit to maintain no fees... its crazy that citibank wants people to have 30k of stagnant money at all times.
Maybe he's adding state and local?