Citibank is one of the biggest financial institutions in the world. So it’s no surprise that it’s known for offering some of the best new bank account bonuses around. If you’re in the market for a new savings account, checking account, or wealth management account, you’ll find what you’re looking for here. You could earn up to $5,000 with a qualifying new money deposit here — a fantastic head start on your financial goals.
These are the top Citibank bonus offers for new customers right now. Review each listing carefully for important information about qualifying for these bonuses and maintaining your new account. All Citibank accounts are FDIC insured up to $250,000 per account. To learn more about any of these opportunities and see if you can apply for the account, click the link at the top of the listing.
The bonus tiers are as follows:
You’ll receive the bonus in your account within 30 calendar days of completing the qualifying activities. But you must apply from the offer page linked above to earn this offer.
How to Open Your Account: You can open your account online using the links above.
Fine Print: This offer is available nationwide. See terms for details.
Citi has another account opening bonus opportunity for applicants who can bring serious money to the table. When you open a qualifying Citigold® Checking Account and complete qualifying activities, you can earn a cash bonus worth up to $2,000.
What You Get: Here’s how this checking bonus opportunity works:
Once you’ve completed the qualifying activities, Citi® will deposit the bonus in your account within 30 calendar days.
The bonus tiers are as follows:
How to Open Your Account: Open your new Citigold® account using the links above. You may also be able to open a new account in person at a Citi branch.
Account Requirements: You must maintain a minimum combined average monthly balance of at least $200,000 across all eligible linked accounts to remain a Citigold® member. Otherwise, your account could be downgraded.
Fine Print: This offer is available to new account holders located in all 50 states. Your account must be open to the bonus.
What You Get: To qualify for this bonus, do the following:
Look for the bonus in your new account within 30 calendar days after the 91st day.
The bonus tiers are as follows:
How to Open Your Account: Use the link above to open your account.
Account Requirements: See terms and conditions for more information about this account.
Fine Print: There’s a strict limit of one new account bonus per unique business tax ID.
Citibank’s most generous new account offer is reserved for new Citi Personal Wealth Management clients. For a limited time, a qualifying deposit can earn you up to $5,000 in free money when you open a new Personal Wealth Management account.
What You Get: Complete the following steps to qualify for this bonus:
After completing these qualifying activities, look for the bonus in your account within four months.
The bonus tiers are as follows:
How to Open Your Account: Use the link above to open your account or visit a Citibank branch that offers wealth management services to open in person.
Account Requirements: Broker fees, asset management fees, and other account management fees may reduce returns. See terms and conditions for more information about Citi Personal Wealth Management.
Fine Print: Distributions, dividends, and interest from investments don’t count toward the bonus tiers.
Chances are high that at least one of these Citibank new account promotions appeals to you. Chances are also high that you still have some questions about how these promotions work and what to expect once you’re a Citibank customer. See below for your answers.
You should expect to receive a 1099-INT form from Citibank for any tax year during which you receive a new account bonus. If you earn any interest on balances held in a Citibank account during the year, your 1099-INT will reflect that as well.
Citibank is a bit more lenient than other banks when it comes to new account bonus eligibility. You may be eligible for a new account bonus even if you’re an existing Citibank customer.
Just remember that account deposits only count toward bonus eligibility if the funds are new to Citibank. You can’t transfer funds from an existing Citibank account to a new Citibank account and expect it to earn you free money.
It depends on the account. Generally, you have to complete one or more qualifying activities in a statement cycle to waive the fees, such as:
The Basic Banking requires at least one eligible transaction per month, a minimum combined balance of $1,500 in linked accounts, or that the primary account holder be 62 or older.
If you want to open a new Citi checking account, you must also open a new savings account. This is convenient if you want an easy way to transfer money between accounts while earning interest on balances you don’t need right away, but it makes it all the more important to avoid the monthly maintenance fee.
Citibank makes it easy to qualify for new account bonuses — at least, to get the bare minimum bonus amount — there’s a good chance you’ll be able to snag some free money here making it worth your time to check out.
But if you don’t see any accounts you like here, all is not lost. Many of the best checking accounts offer impressive online banking bonuses. So if Citibank turns out not to be your thing, you have plenty of options.