Update 10/25/23: Extended through 3/31/24
The Offer
- Citi is offering a bonus of up to $500 when you fund a new or existing Citi Self Invest Account by 4/30/22. Bonus you receive depends on how much you deposit:
- Deposit $10,000 – $49,999: Get $100 bonus
- Deposit $50,000 – $199,999: Get $200 bonus
- Deposit $200,000+: Get $500 bonus
The Fine Print
- Fund a new or existing Citi Self Invest Account between 11/1/21 – 4/30/22.
- Fund the Citi Self Invest Account with a minimum of $10,000 in New-To-Citi funds within the
- Account Funding Period shown below (see below for definition of “New-To-Citi funds”).
- Maintain the New-To Citi funds in your Citi Self Invest account through the Maintain Funds deadline shown below based on month of account opening.
- During the account opening process, allow for eDelivery of statements and confirmations.
Our Verdict
Citi launched Self Invest earlier this year, I think this is the first bonus we’ve seen on this new account. The up to $3,500 Citi Wealth Management bonus is supposed to work on self directed accounts as well, but this new account is slightly different from my understanding. Probably not worth the hassle for only $500, but might be worth it for some people.
Post History:
- Update 7/3/23: Extended through 9.30.23
- Update 5/17/23: extended 6/30
- Update 7/16/22: Deal is back and valid until 10/31/22.
- Update 11/25/21: Looks like this is actually a public bonus. If you click the direct link it says ‘Learn how you can earn a cash bonus when you open a Citi Self Invest account’, click that and then it shows details of this promotion. Hat tip to Terp.
Am I missing something? It seems like it’s actually just a 30 day holding period. If you open the account and fund the minimum, you have until the end of the next month to fund it, and then you have to hold the funds until the end of the month after that. 35 days to be on the safe side, but still not 60 days like I’ve seen other comments say.
That is what it looks like but I want someone who has done this to confirm.
Also want to know if it is easy to buy and sell no load money market mutual funds myself (via online interface) or do I have to call to place an order?
Does new funding include securities transferred via ACAT or is it just cash? Any data points on this?
Someone who opened an account with them, could you please check if they provide access to their Citi research reports for individual stocks? Thanks in advance!
The churn window has been extended as well: “Limit one bonus per individual customer with Date of Initial Funding between 11/1/21 – 3/31/24.”
Moving in 10000 for an easy $100 if one can get 5%+ for 60 days might be ok.
$200,000 brokerage transfer for only $500 ?
Too little I think.
Not only that but you have to deal with Shiti. Not worth it.
Thanks. Looks like that, though terms are conflicting – not fully updated.
If you click on the “see details” option on the top of the page, the terms seem to be updated including a chart showing when funds need to be deposited, how long to maintain, and when the reward should pay out.
1. Fund a new or existing Citi Self Invest account* with a minimum of $10,000 of New-To-Citi funds between 9/1/23 – 3/31/24. The date we receive the first New-To-Citi funds in your Citi Self Invest account is defined as your “Date of Initial Funding”. See below for the definition of “New-To-Citi funds”. The Date of Initial Funding will determine the Account Funding Period, during which you may continue to add New-To-Citi funds to establish your bonus amount.
2. You must be enrolled in eDelivery of statements through the end of the Account Funding Period.
3. Maintain the New-To-Citi funds in your Citi Self Invest account through the Maintain Funds deadline shown in the chart below. For example, an account that initiates funding from 9/1/23 – 9/30/23 must complete funding their account by 10/31/23, and then maintain funds until 11/30/23.
Thanks, I’ll repost
Not seeing any restriction on previous accounts, is this churnable?
My DP last time around:
open: 08/05/2022, funded at the end of the funding period
bonus: 01/26/2023
close: 02/14/2023
I am curious too. Please find out and let us know.
There is this restriction:
“Limit one bonus per individual customer with Date of Initial Funding between 11/1/21 – 9/30/23.”
No DP on whether they enforce though.
Looks like there is a two year rule for churning.
This offer was extended through 9.30.23.
Could someone who opened a brokerage account with Citi give me an answer to my question, please. After opening the account, does City give access to their proprietary stock analytical materials (access to .pdf City Research reports)? Thank you!