Citi’s Priority Checking Account $2,000 Signup Bonus: An In-Depth Review
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Summary:
Citi’s Priority Checking Account promotion, running from April to July 2023, offers new customers the opportunity to earn up to $2,000. The cash bonus is dependent on the deposited amount, which must be maintained for 80 days. The account comes with several benefits, including no Citi fees at non-Citibank ATMs, preferred pricing and rates on select products, and access to financial advisors. However, a minimum balance must be maintained to avoid a monthly service fee.
As the banking landscape continues to evolve, major players are offering enticing perks to attract customers. One such institution is Citi, which is presenting a remarkable offer for its Priority Checking Account. From April 5th to July 23rd, 2023, new checking customers can earn a cash bonus of $200 to $2,000, depending on certain requirements.
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How to Unlock Your Cash Bonus
To earn the bonus, customers must deposit qualifying funds within 20 days of account opening and maintain the balance for an additional 60 days from the 21st day. However, remember this opportunity is only available to new Citi checking customers.
The Deposit-Bonus Structure
The cash bonus you can earn corresponds directly to the amount of money you deposit into the account. Here is the breakdown:
- Deposit and maintain $10,000 – $29,999 to earn a $200 bonus.
- Deposit and maintain $30,000 – $74,999 to earn a $500 bonus.
- Deposit and maintain $75,000 – $199,999 to earn a $1,000 bonus.
- Deposit and maintain $200,000 – $299,999 to earn a $1,500 bonus.
- Deposit and maintain $300,000 or more to earn a $2,000 bonus.
To qualify for the Citi Priority Account, customers need to maintain a combined average monthly balance of $30,000+ in eligible linked deposit, retirement, and investment accounts.
Benefits of the Citi Priority Account
The Citi Priority Account offers a slew of attractive features. These include no Citi fees at non-Citibank ATMs, preferred pricing and rates on select products and services, access to Citi Personal Wealth Management Financial Advisors, investment guidance, and a range of travel and global benefits.
The account does come with a $30 monthly service fee, but this can be waived if you maintain a combined average monthly balance of $30,000+ in eligible linked accounts.
Additional Advantages
The Citi Priority Account offers waived fees on stop payments, incoming wire transfers, and money orders. Account holders also enjoy no foreign exchange fees for transactions made with the Citi Priority Debit Card and increased daily ATM withdrawal and debit card purchase limits. Plus, personalized financial guidance is available from Citi Personal Wealth Management professionals.
On top of all these, Citi provides access to over 65,000 fee-free ATMs in the U.S., mobile banking, and a Member-Get-Member program that offers additional cash bonuses for referrals. Moreover, the bank has eliminated the Overdraft Fee, Returned Item Fee, and Overdraft Protection Transfer Fee from personal checking accounts.
Pros and Cons to Consider
Citi’s Priority Checking Account offer presents a lucrative opportunity for those looking to maximize their banking experience. The potential to earn up to $2,000 in cash bonuses is an attractive proposition, especially when coupled with the account’s robust suite of benefits. As always, it’s important to read the terms and conditions carefully and ensure that this account aligns with your financial needs and goals.
Key takeaways
- Citi’s Priority Checking Account promotion allows new customers to earn up to $2,000 in cash bonuses.
- The cash bonus amount is based on the funds deposited and maintained in the account for 80 days.
- The account provides several benefits, such as no fees at non-Citibank ATMs and preferred pricing on select products.
- A minimum balance must be maintained to avoid a monthly service fee of $30.
- Only new checking customers can take advantage of this offer.
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