Citibank is one of the biggest financial institutions in the world. So it’s no surprise that it’s known for offering some of the best new bank account bonuses around.
If you’re in the market for a new savings account, checking account, or wealth management account, you’ll find what you’re looking for here. You could earn up to $5,000 with a qualifying new money deposit here — a fantastic head start on your financial goals.
Citibank Promotions for 2024
These are the top Citibank bonus offers for new customers right now. Review each listing carefully for important information about qualifying for these bonuses and maintaining your new account.
All Citibank accounts are FDIC insured up to $250,000 per account. To learn more about any of these opportunities and see if you can apply for the account, click the link at the top of the listing.
1. Citi® Priority Account — Up to $2,000 Cash Bonus
Earn a checking account bonus worth up to $2,000 with a qualifying new Citi® Priority Account, which includes checking and savings accounts.
What You Get: Follow these steps to qualify for this bonus:
- Open a new Citi Priority checking account by January 9, 2024).
- Make a qualifying deposit of new-to-Citi funds within 20 days of account opening.
- Maintain a minimum balance that’s at least equal to your initial deposit for 60 consecutive calendar days after the 21st day your account is open — this 60-day period is known as the maintenance period.
- The bonus may change if your account balance falls to a lower tier at any time during the maintenance period.
The bonus tiers are as follows:
- $200: Minimum deposit and minimum balance between $10,000 and $29,999
- $500: Minimum deposit and minimum balance between $30,000 and $74,999
- $1,000: Minimum deposit and minimum balance between $75,000 and $199,999
- $1,500: Minimum deposit and minimum balance between $200,000 and $299,999
- $2,000: Minimum deposit and minimum balance of $300,000 or greater
You’ll receive the bonus in your account within 30 calendar days of completing the qualifying activities. But you must apply from the offer page linked above to earn this offer.
How to Open Your Account: You can open your account online using the links above.
Fine Print: This offer is available nationwide. See terms for details.
2. Citigold® Checking Account — Up to $2,000 Cash Bonus
Citi has another account opening bonus opportunity for applicants who can bring serious money to the table. When you open a qualifying Citigold® Checking Account and complete qualifying activities, you can earn a cash bonus worth up to $2,000.
What You Get: Here’s how this checking bonus opportunity works:
- Open a Citigold® Checking Account by July 8, 2024.
- Make a qualifying deposit in new-to-Citi funds within 20 days of account opening. Deposits can include paycheck direct deposits and other inbound transfers from outside Citi®.
- After the 21st day from account opening, maintain a minimum balance that’s equal to or greater than the minimum deposit. You must maintain this balance for at least 60 consecutive calendar days.
Once you’ve completed the qualifying activities, Citi® will deposit the bonus in your account within 30 calendar days.
The bonus tiers are as follows:
- $200: Minimum deposit and minimum balance between $10,000 and $29,999
- $500: Minimum deposit and minimum balance between $30,000 and $74,999
- $1,000: Minimum deposit and minimum balance between $75,000 and $199,999
- $1,500: Minimum deposit and minimum balance between $200,000 and $299,999
- $2,000: Minimum deposit and minimum balance of $300,000 or greater
How to Open Your Account: Open your new Citigold® account using the links above. You may also be able to open a new account in person at a Citi branch.
Account Requirements: You must maintain a minimum combined average monthly balance of at least $200,000 across all eligible linked accounts to remain a Citigold® member. Otherwise, your account could be downgraded.
Fine Print: This offer is available to new account holders located in all 50 states. Your account must be open to the bonus.
3. Citibank Business Checking — Up to $2,000 Bonus
For a limited time, Citibank has one of the best business bank account bonuses on the market — worth up to $2,000 with an eligible new CitiBusiness® (Analyzed), Streamlined, or Flexible Checking Account.
What You Get: To qualify for this bonus, do the following:
- Open an eligible new Citibank business bank account by July 12, 2023.
- Make a qualifying new-to-Citibank deposit (minimum $5,000) within 30 days of opening your account.
- Maintain at least the amount you deposited for 60 consecutive days after the 31st day.
Look for the bonus in your new account within 30 calendar days after the 91st day.
The bonus tiers are as follows:
- $200: Minimum deposit and minimum balance between $5,000 and $14,999
- $500: Minimum deposit and minimum balance between $15,000 and $24,999
- $700: Minimum deposit and minimum balance between $25,000 and $49,999
- $1,000: Minimum deposit and minimum balance between $50,000 and $99,999
- $1,500: Minimum deposit and minimum balance between $100,000 and $199,999
- $2,000: Minimum deposit and minimum balance of $200,000 or greater
How to Open Your Account: Use the link above to open your account.
Account Requirements: See terms and conditions for more information about this account.
Fine Print: There’s a strict limit of one new account bonus per unique business tax ID.
4. Citi Personal Wealth Management — Up to $5,000 Bonus
Citibank’s most generous new account offer is reserved for new Citi Personal Wealth Management clients. For a limited time, a qualifying deposit can earn you up to $5,000 in free money when you open a new Personal Wealth Management account.
What You Get: Complete the following steps to qualify for this bonus:
- Open a new Citi Personal Wealth Management account by March 31, 2023.
- Make a qualifying new-to-Citibank funds or securities deposit within two months of opening your account.
- Enroll in e-delivery of statements (paperless statements) within two months of opening your account.
- Maintain your deposited amount in cash or securities through the end of the month following the month of your deposit. If securities held in the account lose value, this isn’t held against you, but you can’t withdraw principal during the offer period.
After completing these qualifying activities, look for the bonus in your account within four months.
The bonus tiers are as follows:
- $500: Minimum deposit and minimum balance between $50,000 and $199,999
- $1,000: Minimum deposit and minimum balance between $200,000 and $499,999
- $2,000: Minimum deposit and minimum balance between $500,000 and $999,999
- $3,000: Minimum deposit and minimum balance between $1,000,000 and $1,999,999
- $5,000: Minimum deposit and minimum balance of $2 million or greater
How to Open Your Account: Use the link above to open your account or visit a Citibank branch that offers wealth management services to open in person.
Account Requirements: Broker fees, asset management fees, and other account management fees may reduce returns. See terms and conditions for more information about Citi Personal Wealth Management.
Fine Print: Distributions, dividends, and interest from investments don’t count toward the bonus tiers.
Citibank Promotions FAQs
Chances are high that at least one of these Citibank new account promotions appeals to you. Chances are also high that you still have some questions about how these promotions work and what to expect once you’re a Citibank customer. See below for your answers.
Are Citibank Bonuses Taxable?
You should expect to receive a 1099-INT form from Citibank for any tax year during which you receive a new account bonus. If you earn any interest on balances held in a Citibank account during the year, your 1099-INT will reflect that as well.
Who Is Eligible for a Citibank Account Bonus?
Citibank is a bit more lenient than other banks when it comes to new account bonus eligibility. You may be eligible for a new account bonus even if you’re an existing Citibank customer.
Just remember that account deposits only count toward bonus eligibility if the funds are new to Citibank. You can’t transfer funds from an existing Citibank account to a new Citibank account and expect it to earn you free money.
How Do You Avoid Citibank Account Fees?
It depends on the account. Generally, you have to complete one or more qualifying activities in a statement cycle to waive the fees, such as:
- Meet the monthly minimum balance requirement across linked checking, savings, and investment accounts
- Make a minimum number of transactions, such as bill payments or debit card purchases
- Meet certain age requirements, such as being age 62 or older
The Basic Banking requires at least one eligible transaction per month, a minimum combined balance of $1,500 in linked accounts, or that the primary account holder be 62 or older.
Do You Always Have to Open a Citibank Account Package?
If you want to open a new Citi checking account, you must also open a new savings account. This is convenient if you want an easy way to transfer money between accounts while earning interest on balances you don’t need right away, but it makes it all the more important to avoid the monthly maintenance fee.
Are Citibank Promotions Worth It?
Citibank makes it easy to qualify for new account bonuses — at least, to get the bare minimum bonus amount — there’s a good chance you’ll be able to snag some free money here making it worth your time to check out.
But if you don’t see any accounts you like here, all is not lost. Many of the best checking accounts offer impressive online banking bonuses. So if Citibank turns out not to be your thing, you have plenty of options.
