Citigold Private Client

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.

Citibank welcome bonus

Summary table

We have created a summary table with all the features of the Citigold Private Client:

FeaturesCitigold Private Client
FeesNo fees
Minimum deposit$1,000,000
Cash withdrawalsNo fees for ATM withdrawals
ZelleAvailable for convenient money transfers
Wire transfersNo fees for incoming and outgoing transfers
Overdraft assistNot available
Interest rateNo interest on checking account; savings account offers 0.15% APY
Early direct depositNot available
BonusUp to $2,000 welcome bonus
Citigold Private Client

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:

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 300 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
Charles-Schwab-Logo
  • No fees no direct deposits
  • Fee-free withdrawals from ATMs around the world
  • Without minimum deposit
  • No welcome bonus
  • High interest rates on CDs
Chime checking account Logo
  • No fees no direct deposits
  • More than 60,000 commission-free ATMs
  • Without minimum deposit
  • No welcome bonus
  • High interest rates on Savings
Ally logo
  • 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
Citibank-logo
  • 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.

YouTube video
Citibank checking accounts review

Video with the best banks

Here you have a video with best checking accounts in 2023:

Best banks in 2023

More information about Citibank

Here you have interest information about Citibank:

InformationDescription
Websitehttps://online.citi.com/
Twitterhttps://twitter.com/Citibank/
Facebookhttps://www.facebook.com/citibank
YouTubehttps://www.youtube.com/citi
information about Citibank

Other Citibank products

Here is a list of financial products offered by Citibank:

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.

Related content

Finally, you have articles related to bank accounts:

Updated the day 1 September, 2023 by Alfredo Barandiarán

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