Citi Checking Bonus, Get Up to $2,000 with New Account (Select States)

Citi Checking Bonus, Get Up to $2,000 with New Account

🛑 This offer has expired. See the full list of available bank bonuses here.

Citi has a new offer that can earn you up to $2,000 when you open a new checking account. The maximum bonus also requires a very large deposit and balance. The offer is also limited to just a few states, so not everyone will be able to take advantage of this offer. Let’s see how this Citi checking bonus works.

Citi Checking Bonus Overview

Open a new Checking Account and earn a cash bonus of $200, $500, $1,000, $1,500 or $2,000 when you complete required activities:

• Open a new checking account from 7/24/23 through 1/9/24.
• Deposit New-to-Citibank Funds into your new checking account within 20 days of account opening. The balance on your 20th day will determine your maximum eligible cash bonus.
• Maintain the required Minimum Balance in your eligible account(s) for an additional 60 days from the 21st day.

Here are the balance requirements for each bonus:

Opening an account does not guarantee that you meet eligibility requirements. Make sure you have at least $10,000 in your account(s) to remain eligible to earn at least our minimum cash bonus of $200. Please note you must maintain a combined average monthly balance of $200,000+ in eligible linked deposit, retirement and investment accounts to qualify for the Citigold Account Package.

Who Qualifies?

You qualify for this Citi Checking bonus as long as you have not owned a Citi checking account in the last 180 days and are at least 18 years old.

It’s worth noting that these Checking Accounts must be opened in a physical branch OR use a residential address in NY, CT, NJ, DC, VA, MD, CA, or NV (or select markets in IL and FL).

Fees

• Access Account Package – $10 monthly fee or $0 when you:
  • Make 1 enhanced direct deposit or 1 qualifying bill payment per statement period or
  • Maintain a combined average monthly balance of $1,500+ in eligible linked accounts
• Basic Account Package – $12 monthly fee or $0 when you:
  • Make 1 enhanced direct deposit and 1 qualifying bill payment per statement period or
  • Maintain a combined average monthly balance of $1,500+ in eligible linked accounts
• Citibank Account Package – $25 monthly fee or $0 when you:
  • Maintain a combined average monthly balance of $10,000+ in eligible linked deposit, retirement and investment accounts
• Citi Priority Account Package – $30 or $0 when you:
  • Maintain a combined average monthly balance of $30,000+ in eligible linked deposit, retirement and investment accounts
• Citigold Account Package – No Fee
  • Citigold requires a combined average monthly balance of $200,000+ in eligible linked deposit, retirement and investment accounts

Guru’s Wrap-Up

This latest Citi checking bonus is now up to $2,000 but it also requires a deposit of $300,000 that you need to maintain for just over 60 days. Calculating your return for 60 days, you’d get 4% APR. But most likely your money will be tied up for a bit longer than that, so it is not worth it. The smaller bonuses get you a better APY. With $10K you get a $200 in 60 days which is a 12% APR.

If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.

Citi Checking Bonus Details

• OFFER PAGE
• Bonus: $200-$2000
• Account Type: Checking
• Availability: CA, CT, DC, FL, IL, MD, NJ, NY, NV
• Inquiry Type: Soft pull
• Chex Sensitive: Yes
• Credit Card Funding: No
• Direct Deposit Requirement: No
• Other Requirements: $10K-$300K deposit/balance
• Monthly Fees: No
• Early Closing Fee: No
• Expiration Date: 1/9/23 4/4/23 7/23/23 1/9/24

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