[Expired] [Targeted] Citibank Up To $700 Business Checking Bonus [CA, CT, D.C., FL, IL, MD, NJ, NV, NY, VA]

Deal has expired, view more bank account bonuses 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 up to $50,000
• Hard/soft pull: Soft pull
• ChexSystems: Unknown
• Credit card funding: None
• Monthly fees: $30, avoidable
• Early account termination fee: None
• Expiration date: June 30th, 2019
• Household limit: Not mentioned

The Offer

Targeted offer sent out via snail mail

• Citibank is offering a bonus of up to $700 when you open a new Citibank business checking account. The amount you receive depends on how much you deposit within 30 calendar days of account opening, balance must also be maintained for 60 days:
  • Deposit $5,000 and earn $200
  • Deposit $15,000 and earn $500
  • Deposit $25,000 and earn $700
• You can also get another $300 by signing up for cash management services by June 30th, 2019:
  • Earn $100 for payroll manager
  • Earn $100 for Citi merchant services
  • Earn $100 for Remote check deposit

The Fine Print

• The cash bonus will be credited to your Citibank Business Checking Account within 90 days from the end of the month in which you complete all offer requirements.

Avoiding Fees

Monthly 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.

Early Account Termination Fee

There is no early account termination fee to worry about.

Our Verdict

We saw a similar offer but for American Airline miles recently, but this cash offer is much better. Fingers crossed this means we will see a publicly accessible Citi business checking bonus soon. I do think this bonus is worth doing, but I wouldn’t bother trying to do the extra cash management bonuses.

Hat tip to Nanette Y

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