Citibank checking accounts

Do you know all the checking accounts you can open with Citibank? Alfredo Barandiarán analyzes for Economía Responsable all the current accounts that you can open with Citibank and you will also be able to compare the main checking accounts in the United States. Welcome!

Types

Citibank offers up to 3 different types of checking accounts:

  • Access Account Package
  • Basic Banking Package
  • The Citibank Account Package
Types of checking accounts offered by citibank
Types of checking accounts offered by citibank

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:

Logo Chase
  • 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
Bank of America logo
  • 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
Wells Fargo logo
  • It is very easy to avoid monthly commissions
  • Nearly 12,000 ATMs
  • $25 minimum deposit
  • Welcome bonus of 200 dollars fulfilling conditions
  • High interest rates on CDs
Logo Sofi
  • No fees and no requirements
  • Nearly 60,000 ATMs
  • Welcome bonus of 250 dollars fulfilling conditions
  • High interest rates on CDs
PNC Logo
  • It is very easy to avoid monthly commissions
  • Nearly 50,000 ATMs
  • Without minimum deposit
  • Welcome bonus of 400 dollars fulfilling conditions
  • 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:

InformationDescription
Webhttps://www.citi.com/
Twitterhttps://twitter.com/Citibank/
YouTubehttps://www.youtube.com/citi
Facebookhttps://www.facebook.com/citibank
Phone1 (888) 248-4226
Information about Citibank

Related Content

To finish we show you content related to checking accounts:

Updated the day 25 January, 2023 by Alfredo Barandiarán

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