[Expired] Citibank $500 (50k Deposit) Or $700 ($200k Deposit) Business Checking Bonus [CA, CT, D.C., FL, IL, MD, NJ, NV, NY, VA]

This bonus has expired, you can view the current Citi business checking bonus by clicking here.

Offer at a glance

Maximum bonus amount: $700
Availability: Must open in branch [Branch locator]. Looks to be limited to CA, CT, D.C., FL, IL, MD, NJ, NV, NY, VA
Direct deposit required: Not required
Additional requirements: Deposit $50,000 and enroll in cash management services or deposit $200,000
Hard/soft pull: Soft pull
ChexSystems: Unknown
Credit card funding: None
Monthly fees: $30, avoidable
Early account termination fee: None
Expiration date: April 14th, 2017
Household limit: Not mentioned

Contents

1 The Offer
2 The Fine Print
3 Avoiding Fees
4 Our Verdict

The Offer

No direct link, must open in branch

Open a new Citibank business checking account before April 14th, 2017 and deposit $50,000 or more in new-to-Citibank funds before May 14th and get a bonus of $500 when you also enroll in one of the following cash management services:
- Citi merchant services
- CitiBusiness Online ACH Origination
- Citibank Remote Check Deposit
- Payroll Manager
Open a new Citibank business checking account before April 14th, 2017 and deposit $200,000 or more in new-to-Citibank funds before May 14th and get a bonus of $700 when you also enroll in one of the following cash management services:
- Citi merchant services
- CitiBusiness Online ACH Origination
- Citibank Remote Check Deposit
- Payroll Manager
Both offers are also available to existing customers

The Fine Print

Cash bonus will be credited within 90 days from the end of the month in which you reach the requirements.
You’re required to pay taxes on all bank account bonuses

Avoiding Fees

The easiest account to keep fee free is the CitiBusiness^®Streamlined Checking Account, this has a monthly fee of $15 and is waived have an average monthly balance of $5,000 or more. There is no early account termination fee to worry about. I’m not sure what any of the cash manage service fees are, if you know please share in the comments.

Our Verdict

This is a pretty good bonus as there is no minimum deposit length for the $50,000. That being said most people will not have $50,000 in cash laying around the house. The other issue is that we don’t know enough about the cash management services. I usually classify bonuses such as this in the too hard basket, but it might make sense for some people. If you go for this bonus, please share your experiences in the comments below.

You can view the best business checking sign up bonuses here. There are also currently bonuses of $300 or $500 on Citi personal checking accounts.