Are you interested in a detailed review of the Citi Priority Account Package? At Responsible Economy, we have conducted a comprehensive analysis of its features, such as fees, interest rates, welcome bonuses, requirements, and everything you need to know. Moreover, we offer a thorough comparison of the top checking accounts currently available in the United States for 2023. Welcome!
Features
In this section, we present all the features of the Citi Priority Account Package.
Fees
In the event of not meeting the requirements, a monthly fee of $30 (equivalent to $300 per year) applies. To avoid paying this fee, you need to meet the following requirement: Maintain a combined average monthly balance of $30,000+ in eligible linked deposit, retirement, and investment accounts.
Minimum deposit
There is no minimum deposit required to open the account.
Cash withdrawals at ATMs
One of the main advantages of this checking account is that it has no fees for ATM withdrawals. You can withdraw money from any ATM in the United States without fees.
Zelle
Citibank allows you to conveniently send and receive money using Zelle.
Wire transfers
Incoming transfers have no fees, but outgoing transfers have a fee of $17.5.
Overdraft assist
Priority Account Package does not offer Overdraft service. Any charges that would result in a negative balance will be declined.
Early direct deposit
Even if you have direct deposits, you won’t be able to receive your paycheck early.
Bonus
Citi Priority Account Package does not offer any welcome bonus.
Summary table
We have created a summary table with all the features of the Citi Priority Account Package.
| Characteristic | Description |
|---|---|
| Fees | Monthly fee of $30 if requirements are not met. Requirement: Maintain a combined average monthly balance of $30,000+ in eligible linked deposit, retirement, and investment accounts. |
| Minimum deposit | No minimum deposit required to open the account. |
| Cash withdrawals at ATMs | No fees for ATM withdrawals. |
| Zelle | Conveniently send and receive money using Zelle. |
| Wire transfers | Incoming transfers have no fees, but outgoing transfers have a fee of $17.5. |
| Overdraft assist | Does not offer Overdraft service. |
| Early direct deposit | No option to receive paychecks early through direct deposit. |
| Bonus | Does not offer any welcome bonus. |
Requirements
To open a Priority Account Package, you must meet the following requirements:
- Reside in the United States and provide proof of your address.
- Have a Social Security number.
- Possess a US phone number.
Fees
As mentioned before, the monthly fee is $30 unless you meet the follow condition:
- Maintain a combined average monthly balance of $30,000+ in eligible linked deposit, retirement, and investment accounts
We also provide a list of other potential fees:
- Wire transfers: $17.5 for outgoing transfers.
- ATMs: $0.
Pros
We have made a list with all the advantages that Citi Priority Account Package has:
- Wide availability of offices and branches throughout the United States.
- Non fees at ATMs.
- Write as many checks as you need and have checks sent directly from your account using Online Bill Payment.
Cons
Here we show you all the disadvantages:
- Very low interest rates on the checking account.
- Monthly fees if requirements are not met.
Frequent questions
Now we are going to answer all the questions you may have about Citi Priority Account Package:
Comparison of the best checking accounts in 2023.
We have made a chart with the best checking accounts that you can open 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
Video Citibank Checking accounts
We have created a video highlighting the key features of Citibank checking accounts.
Video with the best banks
Here you have a video with best checking accounts in 2023:
More information about Citibank
Here you have interest information about Citibank:
| Information | Description |
|---|---|
| Website | https://online.citi.com/ |
| https://twitter.com/Citibank/ | |
| https://www.facebook.com/citibank | |
| YouTube | https://www.youtube.com/citi |
Other Citibank products
Here is a list of financial products offered by Citibank:
- Citibank savings accounts.
- Citibank checking accounts.
- Access Account Package.
- Citibank certiticate of deposit.
- Basic Banking package.
- Citibank account package.
Conclusions
After the analysis conducted, our conclusion is that the Citi Priority Account Package is not a competitive account because it is difficult to avoid monthly fees, it does not offer a welcome bonus, and it also does not provide any returns on the money in the account. On the other hand, Citibank is one of the largest banks in the United States, and you can make fee-free cash withdrawals at ATMs.
Related content
Finally, you have articles related to bank accounts:
Laurel Road Loyalty Checking for doctors
Are you interested in discovering all the details of Laurel Road Loyalty Checking designed specifically…
Laurel Road Loyalty Checking for nurses
Are you interested in discovering all the details of Laurel Road Loyalty Checking designed specifically…
Refinancing plus Laurel Road Linked Checking review
Are you interested in discovering all the details about Refinancing plus Laurel Road Linked Checking?…
Would you like to explore all the features of Laurel Road Loyalty Checking? Responsible Economy…
Laurel Road checkings accounts
¿Are you interested in learning about the checking accounts you can open with Laurel Road?…
Comerica Platinum Circle Checking review
Would you like to explore the full range of features that Comerica Platinum Circle Checking…
Comerica Premier Checking Account
Are you interested in discovering the complete set of attributes that Comerica Premier Checking offers?…
Comerica Rich Rewards Checking review
Do you want to know all the features of Comerica Rich Rewards Checking? Responsible Economy…
Do you want to know all the features of Comerica Access Checking? Responsible Economy has…
Updated the day 1 September, 2023 by Alfredo Barandiarán
- Best secured business credit cards - 15 September, 2023
- How to Apply for a Secured Credit Card - 15 September, 2023
- Secured Business credit cards - 13 September, 2023
