Posted by William Charles on November 17, 2016
Bank Account Bonuses

Published on November 17th, 2016 | by William Charles

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[Expired] Citibank $300 Checking Bonus with $15,000 Initial Deposit

This bonus has expired, you can view our new coverage of Citi checking bonuses here.

Offer at a glance

  • Maximum bonus amount: $300
  • Availability: Nationwide (can be done online)
  • Direct deposit required: Yes, see what counts here
  • Additional requirements: Maintain $15,000 for 60-days
  • Hard/soft pull: Soft pull
  • Credit card funding: None
  • Monthly fees: $25, avoidable
  • Early account termination fee: None
  • Expiration date: December 31st, 2016 January 12th, 2017 March 31st, 2017 April 14th, 2017 June 30th, 2017 September 30th, 2017

The Offer

Direct link to offer

  • Receive a sign up bonus of $300 when you open a new The Citibank Account Package and complete the following requirements within 30 days of account opening:
    • Make a qualifying deposit of $15,000 or more in new-to-Citibank funds into the new checking account or a new or existing Citibank Savings Plus Account or Citi Savings Account, and maintain a minimum balance of $15,000 for sixty (60) consecutive calendar days following the date when you made the qualifying deposit.
    • Within thirty (30) days, 1 qualifying Direct Deposit1 must post to the new checking Account each month for 2 consecutive calendar months after opening the new checking account

 

Use the link from the landing page and it will pre-populate with the offer code; you need that offer code there to get the bonus. You can also apply in a Citi branch or over the phone at 1-866-422-1475 and use code CZVB (some people see CZRK)

citi $300

[If you apply online from a non-cookied browser, you’ll get an error message after entering your home state. Just click the back button and everything should be smooth sailing from there.]

The Fine Print

  • To qualify to earn a $300 cash bonus, you must enroll in this offer either online by clicking apply now, with a Personal banker in a Citibank branch or over the phone: open a new eligible consumer checking account in The Citibank Account Package between 11/9/16 – 12/31/16.
  • Within 45 days after account opening you must complete the following: (1) Complete 1 qualifying Direct Deposit to your checking account or make 1 or more qualifying purchase transactions with your Citibank Debit Card totaling $250 or more, ( 2) make a qualifying deposit of $15,000 or more in new-to-Citibank funds into the new checking account or a new or existing Citibank Savings Plus Account, and (3) maintain a minimum balance of $15,000 for 30 consecutive calendar days following the date when you made your qualifying deposit.
  • If you are eligible and fulfill the required activities then the cash bonus will be credited to your new checking account within 90 calendar days from the date when you completed all offer requirements.
  • A new consumer checking account in The Citibank Account Package is required. Customers must be 18 years or older to participate in this promotion.
  • Existing checking customers are not eligible.
  • Enrollment in this offer does not guarantee eligibility.
  • To qualify for this promotion, you must enroll in the promotion, meet the terms and conditions of this offer and perform the required qualifying activities contained in this offer.
  • To be eligible for this offer, you must not currently have a consumer checking account with Citibank or have been a signer on or owner of a Citibank consumer checking account within the last 180 days
  • Limit of one of each offer per customer and one offer per account.

Avoiding Fees

Monthly Fee

This bonus is available on the Citibank Account Package.

  • The Citibank Account Package needs $10,000 in combined average monthly balances to remain fee free. Otherwise, there is a $25 monthly fee.

Early Termination Fee

In the past, Citi has not charged any ETF, and none is mentioned for this offer.

Our Verdict

As mentioned at the top of this post, they have extended this offer so I don’t think we will see the $400 offer again soon. Also keep in mind this bonus is churnable, so you really want to do is as often as possible.

Citi just offered a similar bonus, but that was for $400 and didn’t require the debit card purchase. Keep in mind with Citi that getting your bonus from these promotions is generally not that straight forward and usually requires some calling in (I’d recommend reading through that previous bonus post to get an idea about what I’m talking about). We will still probably add this to our best bonus list as you can churn these bonuses (just can’t currently have an account or have had one in the last 180 days), but you really should have done the $400 offer. There is also a current $500 offer but the requirements are much harder to meet.

Useful posts regarding bank bonuses:



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sam
sam

Hey wasn’t this $400 last month?

Phil
Phil

The “Maximum bonus amount” at the top of the post needs updated to say $300.

Cole
Cole

hmmm.. if i called to close my citibank account on 10/18 and recieved the check on 10/24… taht to me says if i open the new account on the last day of the promotion… i am easily out of the 60 day window?

ikaveh
ikaveh

The only problem is that you have to go back in time for that to happen!

Cole
Cole

what do you mean. i did close my account, the 400 offer was offered as early as early June, and i closed it last month.. i just wanted to make sure i understood the 60 day window…..as this will be my first repeat bank.

Brandon
Brandon

Anyone getting this message when trying to open?:

“We cannot open your account online. Please call 1-800-374-9700 to open your account or visit a financial center.”

Chris M
Chris M

Yes, I’m getting the same thing. I wonder if it has something to do with how I closed my last account.

Nicola
Nicola

My application last month for $400 went into pending status and then got rejected. They wouldn’t tell me why. I have 790 credit score, already have a Citi Double CB card, and no previous other history of Citi accounts. And I don’t churn other bank account bonuses either.

Dan
Dan

“You should have done the $400 offer”. Don’t remind me. I had it on my calendar to do but had so much going on that I forgot. $300 is better than most of the other bonuses out there right now though.

Mark
Mark

You really should have done it though. Shame on you.

Master Allan
Master Allan

ha ha ha @ Mark and Dan.
I start my weekday mornings at work checking DoC. It’s sort of like going to class. Review what financial work needs to be done, read encouraged offers, jump at advantageous deals. A little time each day to study my own financial house while planning CC or bank strategies. For the wealth of info that’s helped me achieve a more satisfying life, Thank you Doc!

Julia
Julia

Master Allan, I do the same. Reading Doctor of Credit has become like a religious routine task for me. I dedicate between 30-60 mins reading DOC posts. Then I write down what credit card and bank accounts I need to apply for. Then I spend about 30 mins applying for all of them at once. After applying, I wait 90 days to get my bonuses. Then I rinse and repeat. It’s truly worth it!

Moose Cow
Moose Cow

I only had ~$20k to play with, and 15k of that was stuck in the Chase savings $200 bonus(stupid, I know, but I didn’t want to pull out halfway through) so I missed the $400. I guess the $300 here + $200 from Chase is still better than just $400….

Grady
Grady

Word of caution/lesson learned when dealing with Citi or other terrible banks…After successfully opening an account, contact them and make sure they don’t need any more information to finish opening the account.

I applied for the $400 offer early October, successfully opened (or so I thought), funded the account with $15k, received my debit card, accessed online banking, saw the $15k in the account, funded some more to make a cc payment, successfully paid my card leaving 15k in the account.

Then I received a letter from Citi a week ago saying that they couldn’t open my account and tried to contact me (they didn’t). They closed my account on 11/9 without my permission.

I called and they said they need my driver’s license to finish opening the account, but it was too late. They had already closed it.

I did provided the information on the online application. I think having the account open for 30+ days, funding the account, and making transactions is reasonable to believe that my account was successfully opened.

As I said, lesson learned, I will make sure the bank has everything they need in writing so this is less likely to happen again.

z-nut
z-nut

I second this. They had it hidden in a link of one of their confirmation emails stating they needed additional info (photocopy of a driver’s license). They killed the account with out a word and left me to figure everything out after the fact.

CGID
CGID

Grady and Z-nuts posts are helpful to me. I opened my Citibank account a week ago, just three days before the deadline of the promotion ending, so I will be sure to follow up with them at the end of this week if my checks and other parts of the account package haven’t arrived in the mail.

John
John

Does anyone know if it is possible to receive both the $400 bonus & $300 bonus if it is planned accordingly in the 60 day time frame? I successful received the $400 bonus & my account at Citi Bank has been closed. Would I receive the $300 bonus if I attempted to repeat it?

Nick
Nick

Hoping this $300 offer sticks around for a few more weeks so I pass the 60 day mark since closing my last account!

Cole
Cole

Is the 60 days from when they cut the closing check? or the 2 -3 weeks later that i finally got my terminal statement?

Curmudgeon
Curmudgeon
HI
HI

Would sending money through Venmo satisfy the debit card transaction requirement?

Jason
Jason

Hi, did you ever find an answer to this question? I have just applied for the most recent offer and was wondering if it will work as well.

bob
bob

so, i did the $400 bonus, deposited the cash on 9/27. Got the bonus on 12/09. do i need to leave my $10K in the account ’til 12/27, or am i good to go? the 90 days isnt’ a requirement it’s just the max amt of time you might need to wait, yes?

TJ
TJ

I closed it as soon as I got the $400. I’m now going to do this $300 offer.

Cole
Cole

so when people churn these.. do people say they already have an website account at citi during the application process?

my old citi online account works so i can see my old statements from my last account?

Matt K.
Matt K.

I had the Citigold checking/savings accounts early last year and even though I’ve closed those accounts Citi’s system still recognizes me as a Citigold customer. Like my Prestige AF just hit and it was $350 again. I think this happened on several others who had the Citigolds too. Any idea if by signing up for a new Citi checking account that might wash away the recognition of that Citigold in Citi’s system?

Andrew
Andrew

Any way possible to get the $250 debit card purchase back as cash? $15,000 for 30 days than $10,000 for 90 days? Thank You!

TJ
TJ

Square yourself money?

red
red

buy money order for $250 and then deposit back?
there’s about $1 additional fee in usps

borntobehermit
borntobehermit

Maybe it is better not to deposit to the same bank, but I was wondering the same. If I try to change my payroll, I will be too late to meet requirements with it, so I am considering other options.
Does anybody know if it works?

CGID
CGID

Sorry I am only seeing this today (Jan 8). If I call tomorrow and open it, will I have met the Jan 12 deadline?

In other words, do the accounts have to be funded with some small amount of cash prior by COB Jan 12? I am not sure a bank transfer will get the cash in the new accounts by then.

I am thinking in part about Grady’s post on Nov 18 that begins:

“Word of caution/lesson learned when dealing with Citi or other terrible banks…After successfully opening an account, contact them and make sure they don’t need any more information to finish opening the account….”

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