Citibank promotions of September 2024 (2024)

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Banking

Kim Porter

Ashley Barnett

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Taylor Tepper

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“Verified by an expert” means that this article has been thoroughly reviewed and evaluated for accuracy.

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Updated 10:31 a.m. UTC June 13, 2024

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Citibank promotions of September 2024 (5)

Citibank is currently offering a generous bonus of up to $2,500 when you open a personal checking account or a business checking account. There are no fees involved in the promotion, though you’ll have to jump through a few hoops and deposit a serious amount of cash to get the highest bonus.

Account details are accurate as of June 13, 2024 and reflect the zip codes: 85207 &90011.

Citi checking account: Get an up to $2,500 bonus

Citibank is offering a bonus ranging from $2,500 for opening a new personal checking account.

How to qualify

To qualify for the bonus for opening a new Citi checking account, you must:

Open a qualifying Citi checking account and fund the account with money that’s not from a Citibank account.
Make a qualifying deposit within 20 days.
Maintain the balance for 60 days.

The deposit tiers are as follows:

Deposit at least $30,000 to earn $500.
Deposit at least $200,000 to earn $1,500.
Deposit at least $300,000 to earn $2,000.

No matter which bonus amount you choose to peruse, you’ll need to make the deposit within 20 days of account opening and maintain that balance for 60 days to earn the reward. In some areas, if you open a both a Citi checking account and a Citi savings account, the minimum balance requirement can come from a combination of both accounts.

After completing all required activities, Citi will deposit your cash bonus to your account within 30 calendar days.

Expiration date

July 8, 2024.

How to waive fees

The monthly maintenance fee is $5 for the Citi® Access Checking account and $15 for the Citi® Regular Checking account.

Both fees are waived for the first three months then can continue to be waived if you have at least $250 in direct deposit per month or maintain a balance of at least $30,000.

Citi business checking account: Get a $300 to $2,000 bonus

How to qualify

The bonus offer is available to new Citibank business customers and to current customers who haven’t had a qualifying account within the past 180 days. To qualify for the bonus, you must:

Open a new CitiBusiness® Analyzed Checking, CitiBusiness® Streamlined Checkingor CitiBusiness® Flexible Checking.
Fund your new account with money that’s not from an existing Citibank account. (However, you can use the aggregate balances from your new business checking account and a new or existing CitiBusiness® Insured Money Market Account to meet your qualifying balance.)
Ask a Citibank business specialist to enroll you in the promotion.
Make a qualifying deposit within 30 days.
You must maintain the qualifying balance for 60 days.

The deposit tiers are as follows:

Depositat least $5,000 to earn $300.
Deposit between $20,000 and $99,999 to earn $750.
Depositing between $100,000 and $199,999 to earn $1,500.
Deposit at least $200,000 to earn $2,000.

No matter which amount you choose, you’ll need to make the deposit within 30 days of account opening and keep the money there for an additional 60 days. Citibank will then deposit your bonus cash within 90 days from the end of the month in which you complete your qualifying requirements.

Expiration date

July 8, 2024.

How to waive fees

The Citibusiness Streamlined Checking Account has a $15 monthly service fee but this can be waived by maintaining an average available balance of $5,000.

The Citibusiness Flexible Checking Account has a $30 monthly service fee but this can be waived by maintaining an average available balance of $10,000.

How Citibank promotions compare

Citibank’s current promotions are currently the best around. Here’s how they compare to some other big-bank competitors, including Chase, Bank of America, PNC and Wells Fargo:

BANK	BONUSES FOR PERSONAL CHECKING	BONUSES FOR BUSINESS CHECKING
Citibank	Up to $2,500	$300 to $2,000
Chase Bank	$200.00	$300.00
Bank of America	$200.00	$200
PNC	Up to $400	Up to $500
Wells Fargo	$300	None

Citibank review

Citibank opened in 1812 with headquarters in New York City and is now the country’s fourth largest bank, with assets totaling $1.657 trillion. It operates 659 domestic branches and more branches around the world than all other U.S.-run banks combined.

In the J.D. Power 2023 U.S. Retail Banking Satisfaction Study, which breaks down customer satisfaction by region, Citibank received above-average scores in Florida and California but a below-average score in the New York tri-state area.

Frequently asked questions (FAQs)

When you open a new checking account with Citibank before July 8, 2024, you may receive a bonus ranging from $300 to $2,500, depending on how much you deposit into the account.

To earn the bonus, you’ll need to fund the account within 30 days of opening it and maintain that balance for an additional 60 days. The amount of your bonus depends on your balance.

You can open a Citibank account online in just a few minutes. You’ll start by filling out an application and providing the following details:

First and last name.
Mailing address.
Social Security number or taxpayer identification number.
Age.

You don’t need a minimum deposit to open the checking account, but you will need to deposit enough cash to earn the bonus if that’s what you’re after.

Yes, Citibank promotions and bonuses are typically taxable. After the end of the year, Citi will report your cash bonus to the IRS as interest and will send you a Form 1099-INT (or Form 1042-S if applicable).

Yes, Citi may waive the checking account’s monthly service fee during the first three calendar months and may continue waiving the fee if the account has qualifying direct deposit activity.

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Blueprint has an advertiser disclosure policy. The opinions, analyses, reviews or recommendations expressed in this article are those of the Blueprint editorial staff alone. Blueprint adheres to strict editorial integrity standards. The information is accurate as of the publish date, but always check the provider’s website for the most current information.

Kim Porter

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Kim Porter is a writer and editor who's been creating personal finance content since 2010. Before transitioning to full-time freelance writing in 2018, Kim was the chief copy editor at Bankrate, a managing editor at Macmillan, and co-author of the personal finance book "Future Millionaires' Guidebook." Her work has appeared in AARP's print magazine and on sites such as U.S. News & World Report, Fortune, NextAdvisor, Credit Karma, and more. Kim loves to bake and exercise in her free time, and she plans to run a half marathon on each continent.

Ashley Barnett

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Ashley Barnett has been writing and editing personal finance articles for the internet since 2008. Before editing for USA TODAY Blueprint, she was the Content Director for an international media company leading the content on their suite of personal finance sites. She lives in Phoenix, AZ where you can find her rereading Harry Potter for the 100th time.

Taylor Tepper

BLUEPRINT

Taylor Tepper is the lead banking editor for USA TODAY Blueprint. Prior to that he was a senior writer at Forbes Advisor, Wirecutter, Bankrate and Money Magazine. He has also been published in the New York Times, NPR, Bloomberg and the Tampa Bay Times. His work has been recognized by his peers, winning a Loeb, Deadline Club and SABEW award. He has completed the education requirement from the University of Texas to qualify for a Certified Financial Planner certification, and earned a M.A. from the Craig Newmark Graduate School of Journalism at the City University of New York where he focused on business reporting and was awarded the Frederic Wiegold Prize for Business Journalism. He earned his undergraduate degree from New York University, and married his college sweetheart with whom he raises three kids in Dripping Springs, TX.