Offer at a glance
- Maximum bonus amount: $100
- Availability: Nationwide
- Direct deposit required: No
- Additional requirements: Deposit $10,000 and maintain for at least 15 days
- Hard/soft pull: Soft
- Credit card funding: Up to $50,000, although people have reported issues in the past.
- Monthly fees: $30, can be waived.
- Early account termination fee: None
- Expiration date: February 28th, 2015
Contents
The Offer
- Receive a $100 cash bonus from Citibank when you open a new consumer checking account and add $10,000 or more in new to Citibank funds within 30 days of account opening, and maintain that balance for at least 15 days
The Fine Print
- Account must be opened before February 28th, 2015
- Bonus will be added to your checking account within 90 days from end of month you complete all the requirements
- Offer available for new checking customers only
- Offer details are different for those living in Texas, call 1-800-336-2484 to find out the differences
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Citibank account Package $20 Monthly Fee
This is the account needed for the $100 bonus. To avoid the $20 monthly fee you need to have a combined average balance of $15,000 or more.
It’s also worth noting that Citi will waive the monthly fee for the first two months.
Early Account Termination Fee $0
I couldn’t find any mention of any early account closure fee in the fees disclosure page, nor could I find anybody that has been charged one of these fees. Although keep in mind the account will need to be open for the bonus to post.
Our Verdict
I always try to get at least $100 of value out of each checking bonus, when you consider that you’ll be losing out of interest on $10,000 for 15 days, this bonus falls below this threshold. When you also take into account that you’d either need to keep $15,000 in the account (to keep it fee free) or pay at least one monthly fee the value of this bonus drops even further. There are so many other bonuses that are better than this one, I wouldn’t consider this worth the effort. Citi themselves have three other bonuses, all of which are better:
This bonus has been added to our list of checking account sign up promos. Feel free to contact us if you see any bonuses that aren’t listed and you could win $225.
Direct link to offer | Screenshot of offer
Is the bonus $100 or $400?
Two seperate bonuses, one is $100 the other is $400. They have different requirements.