Citibank is offering a great checking bonus of $400. In order to get the bonus, you need to open a new Citigold Account Package or Citibank Account Package by 08/31/16. Then within 30 days after account opening, deposit $15,000 or more in new-to-Citibank funds into your new checking account and maintain that balance for 30 consecutive calendar days from the date that the $15,000 deposit is made. The account can be opened online and it’s available nationwide.
The Citibank Account Package is the best option here, since it comes with a smaller monthly fee of $25 and it requires only $10,000 in combined average monthly balances waive that fee. Citigold requires $50,000 to waive $30 fee.
The cash bonus will be credited to your new checking account within 90 calendar days from the date when you completed all offer requirements. So most likely you will need to keep the account open 4-5 months in order to get the bonus and then you can close it since there’s no fee.
The first month with be free since you’ll deposit $15,000 and keep it there for 30 days in order to the the bonus. After that you can either withdraw $5,000 and leave $10,000 in the account to avoid the $25 monthly fee, or just withdraw most of it and ask to be refunded some monthly fees. You might be able to have 1-2 months refunded and end up paying just $50 in monthly fees. That would leave you with a $350 profit.
To be eligible for this offer, customer must not currently have a consumer checking account with Citibank. Customers are not eligible for this offer if the customer was a signer on or owner of a Citibank consumer checking account within the last 60 days. Eligible accounts must have been opened within 60 calendar days of enrollment in this offer.
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- Account Type: Citibank Account Package
- Offer Code: CZKD
- Availability: Nationwide
- Expiration Date: 08/31/16
- Inquiry Type: Soft pull
- Credit Card Funding For Opening Deposit: No
- Direct Deposit Requirement: No
- Other Requirements: $15,000 deposit within 30 days and maintain that balance for 30 days
- Monthly Fee: $25 (waived with $10,000 in combined average monthly balances)
- Closing Account Fee: None