Best Citi Checking and Savings Account Bonus Deals

Citibank App
Citibank App

Citibank is offering bonuses of up to $600 cash to new customers for opening new checking and savings accounts and complete qualifying activities, such as depositing and maintaining a certain balance for a period of time after account opening. 

Each bonus depends on the checking account package that you choose to open.

Find out which Citibank account bonuses are happening now: 

Citi Checking Account Deals


Citibank Checking Account $200 Bonus

Type Details
Bonus Amount $200
Expiration Date 9/30/18
Availability Nationwide
Eligibility Must be a "New-to-Citibank" customer who has not been an owner of a Citibank checking account within the last 180 calendar days.
Credit Inquiry Soft pull
ChexSystem (Banking Report) Inquiry Yes
Minimum Opening Deposit $5,000
Where To Apply Online coupon

To qualify for the $200 cash bonus:

  • Open a new checking account in the Basic Banking Package between 7/1/18 and 9/30/18.
  • Within thirty (30) days of opening your account, deposit $5,000 into the new checking account with New-to-Citibank funds.
  • Maintain a minimum balance of $5,000 for sixty (60) days.

Your $200 cash bonus will be deposited into your new account within ninety (90) calendar days from the date you completed all requirements. 

Citibank Basic Banking Checking Account Fees

Type Fees
Monthly Maintenance Fee $12
Overdraft Fee $34
Insufficient Funds Fee $34
Stop Payment Fee $30
Deposited Check Returned Unpaid Fee $12
Non Citibank ATM Fee $2.50
Domestic and International Incoming Wire Transfer Fee $15
Domestic Outgoing Wire Transfer Fee $35
International Outgoing Wire Transfer Fee $45
Online Domestic Outgoing Wire Transfer Fee $25
Online International Outgoing Wire Transfer Fee $35
Official Check Fee $10
Money Order $5

How to avoid the monthly maintenance fee

Citibank Basic Banking Account Package has a monthly maintenance fee of $12. Luckily, there are a few ways you can avoid paying that fee: 

  1. Make a qualifying direct deposit credited to a Regular Checking, savings or money market
    account in a Basic Banking Package and 1 qualifying bill payment posted to a Regular Checking account per statement cycle
    OR
  2. Maintain $1,500 or more in combined average monthly balances in a Regular Checking
    account and linked savings or money market accounts in a Basic Banking Package
    OR
  3. If the first-listed owner on the account is age 62 or older


Citibank Checking Account $400 Bonus

Type Details
Bonus Amount $400
Expiration Date 9/30/18
Availability Nationwide
Eligibility Must be a "New-to-Citibank" customer who has not been an owner of a Citibank checking account within the last 180 calendar days.
Credit Inquiry Soft pull
ChexSystem (Banking Report) Inquiry Yes
Minimum Opening Deposit $15,000
Where To Apply Online Coupon

To qualify for the $400 cash bonus:

  • Open a new checking account in the Citi Account Package between 7/1/18 and 9/30/18.
  • Within thirty (30) days of opening your account, deposit $15,000 into the new checking account and/or savings account with New-to-Citibank funds.
  • Maintain a minimum balance of $15,000 for sixty (60) days in your eligible linked checking and/or savings account.

Your $400 cash bonus will be deposited into your new account within ninety (90) calendar days from the date you completed all requirements. 

Citibank Account Package Checking Account Fees

Type Fees
Monthly Maintenance Fee $25
Overdraft Fee $34
Insufficient Funds Fee $34
Stop Payment Fee $30
Deposited Check Returned Unpaid Fee $12
Non Citibank ATM Fee $2.50
Domestic and International Incoming Wire Transfer Fee $15
Domestic Outgoing Wire Transfer Fee $35
International Outgoing Wire Transfer Fee $45
Online Domestic Outgoing Wire Transfer Fee $25
Online International Outgoing Wire Transfer Fee $35
Official Check Fee $10
Money Order $5

How to avoid the monthly maintenance fee

Citibank Account Package has a monthly maintenance fee of $15. However, you can avoid paying that fee by maintaining a combined average monthly balance of $10,000+ in eligible linked deposits, retirement and investment accounts.


Citibank Checking Account $600 Bonus

Type Details
Bonus Amount $600
Expiration Date 9/30/18
Availability Nationwide
Eligibility Must be a "New-to-Citibank" customer who has not been an owner of a Citibank checking account within the last 180 calendar days.
Credit Inquiry Soft pull
ChexSystem (Banking Report) Inquiry Yes
Minimum Opening Deposit $50,000
Where To Apply Online Coupon

To qualify for the $600 cash bonus:

  • Open a new checking account in the Citi Priority Account Package between 7/1/18 and 9/30/18.
  • Within thirty (30) days of opening your account, deposit $50,000 into the new checking account and/or savings account with New-to-Citibank funds.
  • Maintain a minimum balance of $50,000 for sixty (60) days in your eligible linked checking and/or savings account.

Your $600 cash bonus will be deposited into your new account within ninety (90) calendar days from the date you completed all requirements. 

Citibank Priority Account Package Checking Account Fees

Type Fees
Monthly Maintenance Fee $30
Overdraft Fee $34
Insufficient Funds Fee $34
Stop Payment Fee $0
Deposited Check Returned Unpaid Fee $0
Non Citibank ATM Fee $0
Domestic and International Incoming Wire Transfer Fee $0
Domestic Outgoing Wire Transfer Fee $35
International Outgoing Wire Transfer Fee $45
Online Domestic Outgoing Wire Transfer Fee $17.50
Online International Outgoing Wire Transfer Fee $25
Official Check Fee $0
Money Order $0

How to waive the monthly maintenance fee

The Citibank Priority Account Package has a monthly service fee of $30, which is waived if you maintain a combined average monthly balance of $50,000 or more, in eligible linked products. 


The Terms and Conditions

As with any bonus, there are a few important things to note.

Bonus eligibility

These bonuses are only available to new customers who have not owned a Citibank checking account within the past 180 calendar days.

Enrollment

New customers can enroll in the checking and savings offers by visiting a Citibank branch or calling Citibank and asking a Citibank Representative to enroll you using the instructions they indicate.

Eligible Customers also can enroll by clicking “Apply Now” on the Citibank link for this offer and following and completing the online process. Enrollment and participation in this promotion does not guarantee eligibility.

Tax information

Citibank will report the awarded cash bonus to the IRS through Form 1099-INT, which you'll receive at the end of the year.

Note that you will owe taxes as this is considered interest income.

Additionally, bonus payments received by non-U.S. persons will be reported on IRS Form 1042-S for the year received.

To be eligible for the bonus, U.S. Persons must furnish Citibank with a valid IRS Form W-9 (Request for Taxpayer Identification Number and Certification). 

The bonus will reported to the IRS as interest.

Final Thoughts

Citibank offers many great perks, which is why it can be a great bank to do business with. In addition to your new account opening bonus, you can enjoy monthly rewards for your banking relationship through Citi ThankYou Rewards, where you can earn points redeemable for merchandise, travel rewards, cash rewards and more.

Compare the Citibank account to checking accounts from the Top Online Banks:

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