Citibank Bonus for Checking: Up to $1,500

by Ann deBruyn

The Citibank bonus could earn you $300, $700 or $1,500 when you sign up for a new Citi checking account and complete the required activities.

To earn the bonus, you'll have to deposit at least $15,000 and meet a few other requirements. The deposit and minimum balance requirements are steep, but the bank offers perks for keeping large deposits with it, such as access to wealth management advisors and financial guidance, waived everyday banking fees and higher limits on ATM withdrawals.

Here’s a closer look at how to qualify for the Citi checking bonus.

Citi checking bonus

What you'll get

$300, $700 or $1,500 depending on your deposit amount:

  • Earn $300 if you deposit from $15,000 to $49,999.

  • Earn $700 if you deposit from $50,000 to $199,999.

  • Earn $1,500 if you deposit $200,000 or more.

How to get it

Open a Citi checking account and deposit at least $15,000 into the account within 20 days. Your balance in the checking account on the 20th day will determine your bonus (see “What you’ll get” above for bonus tiers) and must be maintained for an additional 60 consecutive days. Funds must be new to Citibank®. Your account must be open and in good standing to receive the bonus.

Where to open

Online.

How to qualify

You must not have had a checking account with Citibank for the last 180 days to take advantage of the offer.

Account monthly fee

  • Basic Banking Package: $12, waived with an average monthly balance of at least $1,500 in eligible linked accounts.

  • Citibank Account Package: $25, waived with an average monthly balance of at least $10,000 in eligible linked accounts.

  • Citi Priority Package: $30, waived with an average monthly balance of at least $50,000 in eligible linked accounts.

  • Citigold Package: $0 with an average monthly balance of at least $200,000 in eligible linked accounts.

Checking account APY

  • Basic Banking Package: 0%.

  • Citibank Account Package: 0.01% (the current national average is 0.06% ).

  • Citi Priority Package: 0.01% .

  • Citigold Package: 0.01% .

The verdict: Is the Citibank bonus worth it?

If you can look past the high balance requirements and low interest rates in favor of earning a bonus (and enjoying the perks that come with premium accounts , if you open a non-basic account) then opening a Citi checking account could be worth it for you.

» Need to know more about Citibank? Read NerdWallet's full Citibank review

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