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Citibank Checking Account

in Checking Accounts

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Citibank Checking Account

Unaffiliated

in Checking Accounts

SuperMoney Net Recommendation Score -33% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Mostly not recommended

0 users recommend
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1 user doesn't recommend
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Overview

Citibank is the is third largest bank in the United States. It has $1.34 trillion in assets and 174,246 employees, as of October 2015. The bank has its headquarters in Sioux Falls, South Dakota, but it has 807 branches in 16 states and 281 international offices, as of December 2015. Citi has 200 million customer accounts and operates in over 160 countries. In 2014, it generated a revenue of $18.5 billion. The bank has a four-star rating with Bauer Financial.

What Are Citibank’s Checking and Savings Accounts Like?

Checking Accounts
Citibank offers four types of checking accounts: Access Account, Basic Banking, Citibank Account, and Citigold Account. All account have access to a network of 34,000 surcharge-free ATMs and have no minimum initial deposit.

The Access Account and Basic Banking account offer the same features: online and mobile banking, and a debit card. The main difference is Basic Banking offers unlimited check writing, and Access Account does not include check writing. The monthly fee for Access Banking is $10. Basic Banking charges $12. Both fees can be waived if you maintain a $1,500 balance, set up a regular bill payment or have a direct deposit. The Basic Banking fee is also waived if you are 62 or over. Every withdrawal from a non-Citibank ATM incurs a $2.50 fee.

The Citibank Account is a full-service banking package that also pays interest. Rates range from 0.01% to 0.1% depending on the balance of the account. The monthly $25 service fee and ATM fees at non-Citibank ATMs are waived for customers who maintain a combined average monthly balance of $10,000 or more.

The Citigold Account is Citibank’s prime checking account. As well as the benefits offered by Citibank Account, it also waives fees on personal wealth management costs, provides access to dedicated service representatives, and provides preferential pricing for loans, lines of credit, and mortgages. It also pays higher interest rates, which range from 0.03% to 0.10% APY. The account has a $30 monthly service fee, which you can avoid if you maintain a $50,000 balance or a $100,000 combined balance in linked checking and saving accounts.

Savings Account:
Citibank has one major savings account: the Savings Plus Account. This savings account has no minimum balance, although it does have a minimum opening balance of $100. Customers can earn and APY of up to 0.10%. There is no monthly fee although the account does require a minimum opening balance of $100.

What Are The Advantages And Disadvantages of Citibank’s Checking And Savings Accounts?

We love this about Citibank:

  • Citibank checking and savings accounts do not have a minimum balance
  • Access to a vast network of surcharge-free ATMs
  • Wide selection of checking packages
  • Several ways to waive monthly service fees
  • No fee on its savings account

We don’t like this about Citibank:

  • Charges a monthly service fee for checking accounts
  • Low-interest rates on checking and savings accounts
  • Only customers with high balances qualify for surcharge-free transactions at non-Citibank ATMs.

 

SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Availability

Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Minimum Initial Deposit
$1
ATM Fee: In-Network
$0
Early Account Closure
$0
Debit Card Replacement Fee
$0
Online Bill Pay Fee
$0
Monthly Fee
$0 - $30
Paper Statement Fee
$5
ATM Fee: Out-of-Network
$2.50
NSF Fee
$34
Overdraft Protection Fee (per transfer)
$10
Overdraft Item Fee
$34
Returned Deposit Fee (Domestic)
$12
Stop Payment Fee
$30
Check Copy
$5
Foreign Transaction Fee (Debit Card)
3%
Wire Transfer Fee - Domestic (Outgoing)
$35
Wire Transfer Fee - International (Outgoing)
$45
Wire Transfer Fee - International (Incoming)
$15
Returned Deposit Fee (International)
$12
Wire Transfer Fee - Domestic (Incoming)
$15
Bank Account Features
  • Bauer Financial A+/A Rating
  • Debit Card
  • Debit Card Lock/Unlock
  • Free Bill Pay
  • Interest Bearing Account
  • IRAs
  • Mobile Banking
  • Mobile Check Deposit
  • Nationwide ATM Network
  • No ATM Fees
Signup Deposit Requirements
Within 30 days of opening your account deposit $15,000 new-to-Citibank funds into the checking and/or savings account. Maintain a minimum balance of $15,000 in your eligible linked checking and/or savings account for 60 days. OR To get $200 deposited to your account: Within 30 days of opening your account deposit $5,000 new-to-Citibank funds into the checking account. Maintain a minimum balance of $5,000 for 60 days.
Signup Bonus
$400
APY
0.01% - 0.03%
0% 5%

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