2024.10 Replace: The brand new provide is $325/$450, the required quantity of Enhanced Direct Deposit is $3k/$6k. As a result of Citi’s “Enhanced Direct Deposit” is tremendous straightforward to do, we advocate everyone to do the $450 provide.
2024.1 Replace: This checking account not too long ago modified its identify, and now affords a $300 bonus which is tremendous straightforward to get.
Utility Hyperlink
Advantages
- $325/$450 sign-up bonus! Please learn under for the requirement to get this bonus. Supply ends on: 2025.01.07.
- There’s a month-to-month upkeep payment of $15. Please learn under for how one can keep away from the month-to-month payment.
- No early termination payment. You possibly can shut your account at any time, however we advocate you to transform your account to the Citi Fundamental Banking bundle to keep away from excessive month-to-month steadiness requirement.
Bonus Necessities
- This bonus is simply accessible for brand spanking new shoppers. Those that at the moment have a Citi checking or financial savings account, or have closed an account inside twelve months are usually not eligible for this provide. These with a Citi bank card are usually not exempt from this provide.
- $325/$450 provide necessities: Deposit not less than two “Enhanced Direct Deposits (EDD)” instantly into your new checking account inside 90 calendar days from account opening. Your whole mixed Enhanced Direct Deposit should equal $3,000/$6,000 or extra. I’ll clarify what’s “EDD” within the subsequent chapter. It is rather straightforward 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 consists of all deposits by way of Zelle® and different P2P funds when made by way of ACH utilizing suppliers corresponding to Venmo or PayPal. Teller deposits, money deposits, test deposits, wire transfers, transfers between Citibank accounts, ATM transfers and deposits, cellular test deposits, and P2P funds utilizing a debit card don’t qualify as an Enhanced Direct Deposit.
So, the next strategies all rely in the direction of EDD: Zelle, Venmo, PayPal, and common ACH transfers. Due to this fact it is extremely straightforward to fulfill the requirement.
How one can Keep away from the Month-to-month Payment (Meet Any One of many Necessities Beneath)
- At the very least $250 Enhanced Direct Deposit (EDD) every month.
Completely different Citi Checking Accounts
Right here is a comparability and distinction on the official web site.
Abstract
The welcome provide is tremendous straightforward to get, so it’s price opening. This account can also be a primary Citi checking account which could be a good downgrade choice.