2024.1 Replace: This checking account not too long ago modified its identify, and now affords a $300 bonus which is tremendous simple to get.
Utility Hyperlink
Advantages
- $300 sign-up bonus! Please learn under for the requirement to get this bonus. Supply ends on: 2024.07.08.
- There’s a month-to-month upkeep price of $15. Please learn under for the way to keep away from the month-to-month price.
- No early termination price. You possibly can shut your account at any time, however we suggest you to transform your account to the Citi Primary Banking bundle to keep away from excessive month-to-month steadiness requirement.
Bonus Necessities
- This bonus is just accessible for brand spanking new purchasers. Those that presently have a Citi checking or financial savings account, or have closed an account inside 12 months should not eligible for this supply. These with a Citi bank card should not exempt from this supply.
- Deposit at the very least two “Enhanced Direct Deposits (EDD)” immediately into your new checking account inside 90 calendar days from account opening. Your whole mixed Enhanced Direct Deposit should equal $1,500 or extra. I’ll clarify what’s “EDD” within the subsequent chapter. It is vitally simple to fulfill the requirement.
What’s Enhanced Direct Deposits (EDD)?
Enhanced Direct Deposits (EDD) is a phrase created by Citi, and it’s totally different from Direct Deposit (DD). The official definition is:
An EDD is an digital deposit by way of the Automated Clearing Home (“ACH”) Community of payroll, pension, social safety, authorities advantages and different funds to your checking or financial savings account. An Enhanced Direct Deposit additionally contains all deposits by way of Zelle® and different P2P funds when made by way of ACH utilizing suppliers reminiscent of Venmo or PayPal. Teller deposits, money deposits, examine deposits, wire transfers, transfers between Citibank accounts, ATM transfers and deposits, cell examine deposits, and P2P funds utilizing a debit card don’t qualify as an Enhanced Direct Deposit.
So, the next strategies all depend in the direction of EDD: Zelle, Venmo, PayPal, and common ACH transfers. Due to this fact it is rather simple to fulfill the requirement.
The way to Keep away from the Month-to-month Charge (Meet Any One of many Necessities Under)
- At the least $250 Enhanced Direct Deposit (EDD) every month.
Completely different Citi Checking Accounts
Here’s a comparability and distinction on the official web site.
Abstract
The welcome supply is tremendous simple to get, so it’s price opening. This account can be a primary Citi checking account which could be a good downgrade choice.