Citi Bonus, Earn up to $700 with New Accounts

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Citibank 700 Bonus

Citi $700 Bonus

Citi is offering three new bonuses for checking accounts that are available nationwide. You can earn either $200, $400, or $700 with these new offers. Let’s take a look.

The Offers

$200 Offer

  • Open a new eligible checking account in the Basic Banking Package during the offer period 10/01/2019 to 12/31/2019.
  • Within 30 days of opening your account, deposit $5,000 in New-to-Citibank funds into the new checking account.
  • Maintain a minimum balance of $5,000 for 60 consecutive calendar days.

$400 Offer

  • Open new eligible checking and savings accounts in the Citibank Account Package during the offer period 10/01/2019 to 12/31/2019.
  • Within 30 days of opening your account, deposit $15,000 in New-to-Citibank funds between the new checking and savings accounts.
  • Maintain a minimum balance of $15,000 between the checking and savings accounts for 60 consecutive calendar days.

$600 Offer

  • Open new eligible checking and savings accounts in the Citi Priority Account Package during the offer period 10/01/2019 to 12/31/2019.
  • Within 30 days of opening your account, deposit $50,000 in New-to-Citibank funds between the new checking and savings accounts.
  • Maintain a minimum balance of $50,000 between the checking and savings accounts for 60 consecutive calendar days.

Promotion Page

Offer Terms

  • Must have not been an owner of a Citibank checking or savings account within the last 180 calendar days
  • Open account before 09/30/2019

Fees

All three accounts come with monthly fees and all can be waived:

  • The Citi Basic Account Package – $12 monthly service fee waived when you maintain a balance of $1,500 or more in your eligible deposits, retirement accounts, and investments.
  • The Citi Priority Account Package – $25 monthly service fee waived when you maintain a balance of $10,000 or more in your eligible deposits, retirement accounts, and investments.
  • The Citi Priority Account Package – $30 monthly service fee waived when you maintain a balance of $50,000 or more in your eligible deposits, retirement accounts, and investments.

Analysis

All offers are similar, expect for the deposit requirement. The first offer gives you $200 and requires a $5,000 deposit within the first 30 days. You need to keep that balance for 60 days. You need to keep $1,500 in the account to avoid a $12 monthly fee.

The second offer gives you $400 and requires a deposit of $15,000 within the first 30 days. You need to keep the money in the account for at least 60 days. You then need to keep $10,000 in your account to waive a $25 monthly fee.

The third offer gives you more, a $700 bonus, but requires a larger deposit of $50,000 within the first 30 days. Again you need to keep the money in the account for at least 60 days. You then need to have that same balance of $50,000 in your account to waive a $30 monthly fee.

If you’re looking at the best interest rate, then the $400 bonus is the best choice. You need a deposit of $15K instead of $50K to get the bonus and also $10K instead of $50K to waive the annual fee. But even the $700 bonus give you about 5% in interest for those 3-4 months that you need to keep the money in the account. That’s much better than any other bank out there.

Keep in mind that Citi is often difficult with giving out bonuses, so you might have your money tied up longer than expected.

Conclusion

If you have the money for the deposits, this is a great bonus. It’s better than the previous  bonus that was up to $600 and it doesn’t require a direct deposit. It’s also available online and nationwide.

The responses below are not provided or commissioned by any advertiser or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by any advertiser. It is not any advertiser's responsibility to ensure all posts and/or questions are answered.

3 COMMENTS

  1. Now it is October 2. Can one open the account still?
    Also can a person fund some of the account with a credit card? That would be great for my minimum spend.

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