Are you interested in a detailed review of the Citigold Private Client? 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 Citigold Private Client .
Fees
Citigold Private Client has no fees, but as you will see later, you will need a minimum balance of $1,000,000 to open it.
Minimum deposit
The minimum deposit to open this checking account is $1,000,000, indicating that it is a highly exclusive account accessible to very few individuals.
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
Both incoming and outgoing bank transfers do not incur any fees.
Overdraft assist
Citigold Private Client does not offer Overdraft service. Any charges that would result in a negative balance will be declined.
Interest rate
This checking account does not offer any interest, and the linked savings account with Citibank offers a meager 0.15% APY. This is undoubtedly one of the worst features of this account because, considering the requirement of a $1,000,000 deposit, one would expect a higher interest rate to be offered.
Early direct deposit
Even if you have direct deposits, you won’t be able to receive your paycheck early.
Bonus
Citigold Private Client offers a welcome bonus where you can earn up to $2,000. If you make a deposit of over $300,000 within the first 20 days of opening the account and maintain it for at least 60 days, you will receive a welcome bonus of $2,000.
Summary table
We have created a summary table with all the features of the Citigold Private Client:
| Features | Citigold Private Client |
|---|---|
| Fees | No fees |
| Minimum deposit | $1,000,000 |
| Cash withdrawals | No fees for ATM withdrawals |
| Zelle | Available for convenient money transfers |
| Wire transfers | No fees for incoming and outgoing transfers |
| Overdraft assist | Not available |
| Interest rate | No interest on checking account; savings account offers 0.15% APY |
| Early direct deposit | Not available |
| Bonus | Up to $2,000 welcome bonus |
Requirements
To open a Citigold Private Client, you must meet the following requirements:
- Minimum deposit: $1,000,000
- Reside in the United States and provide proof of your address.
- Have a Social Security number.
- Possess a US phone number.
Fees
Citigold Private Client has no fees. It is a completely free checking account.
Pros
We have made a list with all the advantages that Citigold Private Client has:
- Wide availability branches throughout the United States.
- Welcome bonus up to $2,000
- Non fees at ATMs.
- Free wire transfers
- 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.
- Minimum deposit of $1,000,000
Frequent questions
Now we are going to answer all the questions you may have about Citigold Private Client:
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.
- Citi priority account package.
- Citigold Account Package.
Conclusions
After conducting the analysis, our conclusion is that the Citigold Private Client is not a competitive account because it requires a $1,000,000 deposit to open the account and it does not provide any returns on the money in the account. However, it is worth noting that Citibank is one of the largest banks in the United States, and it offers the advantage of fee-free cash withdrawals at ATMs and no-commission bank transfers and a welcome bonus up to $2,000.
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Updated the day 1 September, 2023 by Alfredo Barandiarán
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