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

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Just found out about this and wanted to share with everyone.

https://banking.citi.com/cbol/OM/...efault.htm
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Created 04-11-2024 at 03:24 AM by JoeBuck85
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Joined Dec 2013
L3: Novice
> bubble2 193 Posts
34 Reputation
loudmouth
04-13-2024 at 09:31 AM.
04-13-2024 at 09:31 AM.
Quote from mrmochi :
Open. Deposit. Earn $300. Get 1099-INT form and pay 50% taxes on the interest.




Fixed that for you!

Interest is taxed at your tax bracket no? I don't think they take 50% from my taxes it's never been that high and at my tax bracket
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Joined Aug 2011
L5: Journeyman
> bubble2 547 Posts
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BlackMags310
04-13-2024 at 10:47 AM.
04-13-2024 at 10:47 AM.
Quote from chadog900 :
As a veteran bank churner, I can tell you Citi is one of the worst to deal with. They play games where you need to come into a branch after you've met the criteria and sit with someone just to call customer service and honor the promo.

I'd avoid Citi and USBank like the plague. My minimum to justify my time is also $400. So, I did give USBanks recent $400 a shot because little no principal is required to maintain it, so not losing out on interest at another bank. If they end up screwing me, I won't bat an eye.

Can you link the us bank offer please
1
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Joined Jul 2017
L5: Journeyman
> bubble2 560 Posts
62 Reputation
chadog900
04-13-2024 at 11:10 AM.
04-13-2024 at 11:10 AM.
Quote from BlackMags310 :
Can you link the us bank offer please
The 400 expired, but there is now a 500. Search 'USBank 500'

U.S. Bank Smartly® Checking
Open your checking account online through this page, in a branch or over the phone by June 27 with an opening deposit of $25. Then, within 90 days of account opening, enroll in the U.S. Bank Mobile App or online banking and make at least two direct deposits.
Earn $100 when the combined total of your direct deposits is between $3,000 and $4,999.99
Earn $300 when the combined total of your direct deposits is between $5,000 and $9,999.99.
Earn $500 when the combined total of your direct deposits is $10,000 or more.
Reply
Joined Aug 2004
Level 69: Grand Master
> bubble2 3,586 Posts
472 Reputation
CyberGuy
04-13-2024 at 02:23 PM.
04-13-2024 at 02:23 PM.
Quote from chadog900 :
The 400 expired, but there is now a 500. Search 'USBank 500'

U.S. Bank Smartly® Checking
Open your checking account online through this page, in a branch or over the phone by June 27 with an opening deposit of $25. Then, within 90 days of account opening, enroll in the U.S. Bank Mobile App or online banking and make at least two direct deposits.
Earn $100 when the combined total of your direct deposits is between $3,000 and $4,999.99
Earn $300 when the combined total of your direct deposits is between $5,000 and $9,999.99.
Earn $500 when the combined total of your direct deposits is $10,000 or more.
How did you do your direct deposit with US Bank? Was it an actual DD or some alternative like PayPal transfer? I want to do PayPal, but the data points of success are more than a year old.
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Joined Jul 2017
L5: Journeyman
> bubble2 560 Posts
62 Reputation
chadog900
04-13-2024 at 03:23 PM.
04-13-2024 at 03:23 PM.
Quote from CyberGuy :
How did you do your direct deposit with US Bank? Was it an actual DD or some alternative like PayPal transfer? I want to do PayPal, but the data points of success are more than a year old.
DD. I wouldn't bother trying other methods in this day and age. I think the ACH transfer ways are a thing of the past.
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Joined Apr 2018
L6: Expert
> bubble2 1,685 Posts
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krnprogamer
04-14-2024 at 03:14 PM.
04-14-2024 at 03:14 PM.
Quote from Rand4 :
I would like to say all these banking companies must think everyone is stupid.

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...

Bank hasn't changed its business operations since dinosaurs' age. This is literally how all major banks operate around the world...what gives? Also, you really don't know the reason behind it?
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Last edited by krnprogamer April 14, 2024 at 03:17 PM.
Joined Aug 2011
L100
> bubble2 287 Posts
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MaZx
04-15-2024 at 06:02 PM.
04-15-2024 at 06:02 PM.
Screw Citi Bank. Do not bother with them. Their new policy is insane for checking and saving account. They are even forcing Seniors from free checking to paid checking.
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Joined Jul 2018
Free is the best deal
> bubble2 1,618 Posts
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Pro
spacers
04-16-2024 at 11:18 AM.
04-16-2024 at 11:18 AM.
So if I transfer $750 twice via Zelle from my other bank account , it meets the eligibility for $300 bonus , correct ?
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Joined Mar 2022
L1: Learner
> bubble2 16 Posts
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Original Poster
JoeBuck85
04-16-2024 at 12:27 PM.
04-16-2024 at 12:27 PM.
Quote from spacers :
So if I transfer $750 twice via Zelle from my other bank account , it meets the eligibility for $300 bonus , correct ?

Yes, it worked for me.
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Joined Oct 2014
Lurker
> bubble2 40 Posts
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ralo07
04-16-2024 at 01:53 PM.
04-16-2024 at 01:53 PM.
Is the opening deposit considered an eligible direct deposit towards the bonus?
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Joined Jul 2018
Free is the best deal
> bubble2 1,618 Posts
4,002 Reputation
Pro
spacers
04-16-2024 at 02:02 PM.
04-16-2024 at 02:02 PM.
Quote from JoeBuck85 :
Yes, it worked for me.

Thank you
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Joined Oct 2005
L1: Learner
> bubble2 24 Posts
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rorteg03
04-16-2024 at 06:48 PM.
04-16-2024 at 06:48 PM.
Quote from Rand4 :
Maybe he's adding state and local?

Maybe. But if they were in the 37% tax bracket, I doubt they would be wasting their time chasing a $300 bonus.
Single filer would need income over $578,125. Equal to $278/hr.

If they were chasing this bonus, they probably should just stay off sites like slickdeals.
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Joined Mar 2014
L3: Novice
> bubble2 125 Posts
30 Reputation
jegibby
04-16-2024 at 08:44 PM.
04-16-2024 at 08:44 PM.
Quote from Rand4 :
I would like to say all these banking companies must think everyone is stupid.

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...
They want to "play with your money" after all to "big to fail" So they dangle the carrot in increments to reach their end goal and hope they get people to see free 300 etc and jump on over.
Reply
Joined Dec 2016
L1: Learner
> bubble2 481 Posts
244 Reputation
foefive
04-17-2024 at 03:33 AM.
04-17-2024 at 03:33 AM.
Quote from JoeBuck85 :
Yes, it worked for me.
I opened the account and made my deposits. How long did it take you to receive the $300 after they posted?
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Joined Aug 2010
B!tch Please
> bubble2 6,113 Posts
625 Reputation
Truth-Serum
04-17-2024 at 04:10 AM.
04-17-2024 at 04:10 AM.
Quote from chadog900 :
The 400 expired, but there is now a 500. Search 'USBank 500'

U.S. Bank Smartly® Checking
Open your checking account online through this page, in a branch or over the phone by June 27 with an opening deposit of $25. Then, within 90 days of account opening, enroll in the U.S. Bank Mobile App or online banking and make at least two direct deposits.
Earn $100 when the combined total of your direct deposits is between $3,000 and $4,999.99
Earn $300 when the combined total of your direct deposits is between $5,000 and $9,999.99.
Earn $500 when the combined total of your direct deposits is $10,000 or more.

Excludes NY and FL
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