Do you want to see a complete review of the Citibank checking accounts? From Responsible Economy we have carried out an analysis of all the features: fees, interest rate, welcome bonus, requirements and everything you need to know. You also have a comparison of the best checking accounts you can open in the United States in 2023. Welcome!
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Types
Citibank offers up to 3 different types of checking accounts:
- Access Account Package
- Basic Banking Package
- The Citibank Account Package
Access Account Package
Access Account package is Citi’s most basic account. It has a commission of 10 dollars per month unless you meet one of the following conditions:
- Make 1 enhanced direct deposit or 1 qualifying bill payment per statement period.
- Maintain a combined average monthly balance of $1,500.
The advantages offered by this Citibank checking account is that it is easy to avoid commissions and you have access to Cds with high interest rates.
The disadvantages of this account are that it does not have paper check, withdrawals at non-Citibank ATMs have fees, and it has high fees on wire tranfers.
Basic Banking Package
Basic Banking Package has a monthly fee of $12 unless you meet one of the following two conditions:
- Make 1 enhanced direct deposit and qualifying bill payment per statement period
- Maintain a combined average monthly balance of $1,500
The two advantages of this current is that you have unlimited check writing and access to CDs with high interest rates.
In the disadvantages we have highlighted that it is difficult to avoid monthly commissions, wire transfers have high commissions and withdrawals from non-Citi ATMs have commissions.
The Citibank Account Package
The Citibank Account Package has a fee of $25 per month unless you have an average account balance of $10,000.
The advantages of this account are that you can withdraw money from any ATM without commissions and you have access to high-interest CDs.
In the disadvantages we highlight that wire transfers have high commissions and that it is very difficult to avoid monthly commissions.
Pros
The advantages of opening an account with Citibank are the following:
- More than 60,000 commission-free ATMs
- It is easy to open a bank account
- Citi has more than 2600 branches
- High interest rates on CDs
Cons
The disadvantages of Citi are as follows::
- Demand requirements to avoid paying monthly commissions
- Commissions on wire transfers
Requirements
The requirements to open a checking account at Citibank are the following:
- To be over 18 years old
- Reside in the United States
- Have a social security number or driver’s license
Comparison with the best banks in 2023
We have made a comparison of Citibank with the best banks to open a checking account in the United States:
- It is very easy to avoid monthly commissions
- Welcome bonus of 200 dollars fulfilling conditions
- More than 16,000 ATMs in the United States
- $25 minimum deposit
- Very low interest rates
- It is very easy to avoid monthly commissions
- More than 16,000 ATMs in the United States
- $100 minimum deposit
- No welcome bonus
- High interest rates if you have a lot of savings
- It is very easy to avoid monthly commissions
- Nearly 12,000 ATMs
- $25 minimum deposit
- Welcome bonus of 300 dollars fulfilling conditions
- High interest rates on CDs
- No fees and no requirements
- Nearly 60,000 ATMs
- Welcome bonus of 250 dollars fulfilling conditions
- High interest rates on CDs
- No fees no direct deposits
- Fee-free withdrawals from ATMs around the world
- Without minimum deposit
- No welcome bonus
- High interest rates on CDs
- No fees no direct deposits
- More than 60,000 commission-free ATMs
- Without minimum deposit
- No welcome bonus
- High interest rates on Savings
- No fees no direct deposits
- More than 50,000 commission-free ATMs
- Without minimum deposit
- No welcome bonus
- High interest rates on CDs and Savings
- Commissions of $10 if you do not meet requirements
- No fees at Citibank ATMs
- Without minimum deposit
- No welcome bonus
- High interest rates on CDs
Frequent questions
Now we answer all the questions you may have:
More information about Citibank
We have made a table with information of interest about Citibank:
| Information | Description |
|---|---|
| Web | https://www.citi.com/ |
| https://twitter.com/Citibank/ | |
| YouTube | https://www.youtube.com/citi |
| https://www.facebook.com/citibank | |
| Phone | 1 (888) 248-4226 |
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Updated the day 12 May, 2023 by Alfredo Barandiarán
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