Citibank Business Up To $2,000 Checking Bonus

Update 7/8/25: Deal is back through September 30, tiers seem to be different this time.

Update 1/19/25: Deal is back until July 7th 2025. 

Update 7/11/24: Deal is back until 1/7/2025. Funds only need to be maintained for 45 days. Hat tip to Erik

Update 6/24/24:  Valid until July 8

Update 11/22/23:Still have to open in branch, just lets you input information online  Deal is now available online. Hat tip to Adam D

Update 10/5/23: Extended until January 9, 2024.

Update 7/13/23: Deal is back and valid until October 4, 2023.

Update 1/5/23: Extended until 7/12/2023. Can try this direct link.

Offer at a glance

  • Maximum bonus amount: $2,000
  • Availability: Must open in branch [Branch locator]
  • Direct deposit required: No
  • Additional requirements: Deposit up to $200,000
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown
  • Credit card funding: None
  • Monthly fees: $15, avoidable
  • Early account termination fee: None
  • Household limit: None listed
  • Expiration date: December 31st, 2019 June 30, 2021

The Offer

 No direct link, being offered in branch

  • Citibank Business is offering a bonus of up to $2,000 when you open a new business checking account. The bonus you receive depends on how much you deposit, balance must be maintained for 60 calendar days after deposit.
    • Receive a $200 bonus with a $5,000 deposit
    • Receive a $500 bonus with a $15,000 deposit
    • Receive a $700 bonus with a $25,000 deposit
    • Receive a $1,000 bonus with a $50,000 deposit
    • Receive a $1,500 bonus with a $100,000 deposit
    • Receive a $2,000 bonus with a $200,000 deposit

The Fine Print

  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

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

Reader Jay was able to get this offer just by going into a branch and asking if they had any current promotions for opening a new account. Entirely possible it won’t be available in all/most branches, but feel free to share your data points in the comments below. Similar to a previous targeted bonus, with higher tiers available as well. The return gets worse as the bonus increases as unfortunately.

Useful posts regarding bank bonuses:

Post history:

  • Update 7/6/22: Extended until January 4, 2023.
  • Update 1/21/22: There is now a direct link for the offer.
  • Update 1/5/22: Extended through 7/5.
  • Update 10/4/21: Extended through 1/3/22.
  • Update 7/2/21: Extended until 9/30/21.
  • Update 4/30/21: There is now a direct link for this offer.
  • Update 4/8/21: Deal has been extended until June 30, 2021. Hat tip to reader EW
  • Update 1/28/21: Deal is back and valid until 3/31/21. Hat tip to reader EW
  • Update 9/23/20: Deal is back and valid until 1/5/2021. Hat tip to reader KJ Z
  • Update 1/10/2020: Deal has been extended to March 31st, 2020 as per reader B
    William Charles
  • On July 8, 2025, 01:10

View Comments (1231)

  • The hold time is 60 days. Would it make sense to do the 200k/2000$ bonus if there were no available offers in that 60 day period?

    I would be keeping the money in IMMA account while earning the bonus. Since it's 4%,thrse are the total apy + bonus.

    Bonus Deposit Bonus APY Total APY (4% + Bonus)
    $200 $5,000 24.33% 28.33%
    $500 $15,000 20.28% 24.28%
    $700 $25,000 17.03% 21.03%
    $1,000 $50,000 12.17% 16.17%
    $1,500 $100,000 9.13% 13.13%
    $2,000 $200,000 6.08% 10.08%

  • can I pull money to Citi Biz account from within the Citi portal? I can't find it, and the source bank have monthly withdraw limit so I can not push into Citi

  • Hi, I don’t have a business . Have people opened business accounts for sole prop (online seller etc).

    I started the application but paused once I saw they are asking for business revenue / employees etc.

    Can someone share their experience of opening account in a similar situation?

  • Can one earn Citigold status with this account if holding over $200k in a linked investment account? Or can Citigold be earned only with a personal checking account?

  • Citi also has a in branch money market (IMMA) offer of 4.05% which can be combined with this checking offer.

  • I think I saw they extended that offer to October when I was in the branch today for something else. May need to call them or wait for someone else to confirm.

  • I was at Citi today and their promo has different brackets.
    $5k-$19999 $300
    $20k-$49999 $500
    $50k-$99999 $1000
    $100k-$199999 $1500
    $200k+ $2000

    • Interesting. Why would you even bother doing a big deposit with them? Doesn't make sense percentage-wise.

  • Question about Citibank promo terms — “On Deposit” vs. “Available Balance”?
    Hey everyone, I’m hoping someone can clarify this for me:
    Citibank’s promotional terms state:

    “On the 45th day after your account is opened, we will check your ‘On Deposit’ balance of New-to-Citibank Funds, which will determine the maximum Cash Bonus you can potentially earn.”

    My question is about what exactly counts as “On Deposit.” Does this mean available balance or just funds that have been physically deposited, even if they're still on hold?
    Here’s my situation: I plan to go into a branch around day 42 and deposit a large check. It likely won’t be available by day 45 since it takes a few days to clear, but technically it will be “on deposit” by then.

    Would this satisfy the promo requirement, or do the funds actually need to be cleared and available by the 45th day?

    Anyone with experience on this or who has gone through a similar promo—your insights would be super helpful!

    Thanks in advance!

    • I actually called the Citibank 1-800 number to get clarification on what “On Deposit” actually means in the context of their promo.
      Unfortunately, I got mixed answers from different reps. Some said the funds just need to be deposited by Day 45, even if they’re on hold. Others insisted the money needs to be fully available by then. It was honestly clear as mud.
      Has anyone successfully qualified for the bonus after depositing a large check close to Day 45? I'd really appreciate hearing what worked (or didn’t) in your experience.
      Thanks again!

      • @guest_2083721,

        I have deposited checks in the past, and noticed that I didn't get the interest while they were on hold. The terms also state that funds need to be available (i.e. not on hold) for the promo. Fortunately, my deposits were available before the deadline, so I only lost a few dollars in interest.

        After that, I have always done an ACH for the deposit(s).

          • @guest_2083721 This is a tricky gotcha in the fine print.

            For the Citi consumer bonus, you only have to deposit by the various deadlines, and the promotional APY is applied when the funds are deposited, even when there's a hold.

            But for the Citi business bonus, the terms are completely different -- funds have to be available to get the promotional APY, to earn the promotional APY, and to meet the bonus deadline.

  • Stopped by branch and asked when bonus would post. Opened back in
    February. They sent a memo to back office and bonus posted a day later. Kept almost all $ in the IMMA for the 4+% interest. Will keep most of free balance there as this is a pretty good rate currently.

    • So you open the checking and fund it to the max you want and then push all to the MMA account and that works for this one?

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