Are you interested in a detailed review of the Citibank 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 Citibank Basic Banking Package.
Fees
In the event of not meeting the requirements, a monthly fee of $25 (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 $10,000+ in eligible linked deposit, retirement, and investment accounts.
Minimum deposit
There is no minimum deposit required to open the account.
Cash withdrawals at ATMs
If you meet the balance requirement, you will be able to withdraw money from all ATMs without having to pay fees, even at non-Citi ATMs.
Zelle
Citibank allows you to conveniently send and receive money using Zelle.
Overdraft assist
The Citibank 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
Citibank Account Package does not offer any welcome bonus.
Requirements
To open a Citibank 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 $25 unless you meet the follow condition:
- Maintain a combined average monthly balance of $10,000+ in eligible linked deposit, retirement, and investment accounts.
We also provide a list of other potential fees:
- Wire transfers: $15 for incoming transfers and $25 for outgoing transfers.
- ATMs: $0.
Pros
We have made a list with all the advantages that Citibank 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 Citibank 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.
Conclusions
After conducting a comprehensive analysis, we can confidently state that Citibank Account Package is not a recommended checking account option. It does not offer any welcome bonus, charges fees if certain requirements are not met, and provides a 0% APY interest rate.
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Updated the day 1 September, 2023 by Alfredo Barandiarán
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