Offer at a glance
- Maximum bonus amount: 2500 dollars
- Availability: AK, only in the branch
- Direct deposit required: No.
- Additional requirements: Deposit $300,000 by the end of the second month, save by the end of the third month, but in different accounts (See below)
- Hard/soft pull: Gentle pull
- ChexSystems: yes
- Credit card financing: None, but can finance up to $1,000 with a debit card
- Monthly fees: $12, avoidable
- Early account closure fee: ANY
- Family boundary: None listed
- Expiration date: 6/30/26
Offers
No direct link to offer, branch only in California locations. More information in this comment.
- Citibank offers a $2,500 bonus when you open a new checking account and meet the following requirements:
- Fund with a minimum of $300,000 by the end of the second calendar month after the opening month
- Maintain during the third calendar month after account opening (a) $10,000 in regular checking account and (b) $290,000 in another eligible account (New Citi Savings or New Citi Personal Wealth Management Account)
Fine Press
- (1) Open a regular checking account at the branch and register, (2) fund a minimum of $300,000 by the end of the second calendar month after the month of opening, (3) Maintain during the third calendar month after opening the account (a) $10,000 in the regular checking account and (b) $290,000 in which may be a new account or which may be an account new. a new Citi Personal Wealth Management account, (4) Bonus is paid at the end of the fourth calendar month after account opening.
- All bank account bonuses are treated as income/interest and as such you must pay tax on them
Avoidance of fees
The regular check and access fee has been waived:
in the month of account opening and for 3 months after account opening or- every month the account has $250+ in Enhanced Direct Deposits
Early account termination fee
Citi has not charged any ETFs in the past and none are mentioned for this offer.
Referral bonus
You can refer people and if they sign up and complete the requirements you will get $100. The person being referred to it doesn’t get an additional bonus, but they will get the standard bonus (eg $325/$750/$1500). Please don’t share your recommendations in the comments below, but you can use them in this related thread.
Our verdict
This is similar to the other one Citi check deal on what you can collect with Citi Gold, Citi 3.75% savings and more.. The bonus itself is good as the retention period is basically a month if you get it right. Obviously, going to the branch is annoying and most people either don’t have $300,000 of cash to move around or don’t want to use their time for a relatively small bonus.
Hat tip to the reader RM
Useful posts about bank bonuses:
