CitiBusiness if offering up to $2,000 when you open a new business checking account in-branch and make a minimum deposit within 30 days.
This is a tiered offer, where the more you deposit the more you earn (starting at a $300 bonus for $5,000, up to the full $2,000 for depositing a cumulative $200,000).
If you have the cash and live close to a physical branch, this is a solid welcome bonus. The lowest tier represents a 12% effective rate on your savings – not bad!
Branches currently located in the following metropolitan areas: Los Angeles (CA), Orange County (CA), Riverside (CA), San Diego (CA), San Francisco (CA), Miami (FL), Chicago (IL), Baltimore (MD), Las Vegas (NV), New York City (NY), and Washington, DC.
How To Earn The Bonus
The Citi® Business Checking Account promotion requires you to deposit and maintain a minimum balance in order to earn the up to $2000 bonus (step-by-step breakdown is listed above!).
As with any offer, don't forget to read the fine print before opening your new account. It's where the bank will clearly state who is eligible for the deal along with any nuances you'll want to be aware of.
The fine print
- Offer not available to current CitiBusiness business checking account customers, or to those who have had a business checking account at any time during the previous 180 days.
- The bonus will be credited to your account within 90 days from the end of the month in which you complete all requirements.
- Your new account must be open and in good standing at the time the bonus is credited.
- Accounts that are inactive or have maintained a $0 balance for more than 45 days are subject to closure.
- Deposits can be cumulative (IE: you don't need to deposit the entire amount in a single transaction) to hit the higher tiers.
Open a Business Checking Account account before the bonus expires on January 9, 2024
How does this business checking offer from Citi® compare?
To help you determine how this bonus stacks against the rest, here are some of the most popular offers available right now:
U.S. Bank
Business Checking
- Bonus
- up to $800
- Account Type
- Business Checking
- Expires In
- 34 days
- Requires
- Min Balance
- Bill Pay (optional)
- Card Spend (optional)
Chase
Chase Business Complete Checking®
- Bonus
- $300
- Account Type
- Business Checking
- Expires In
- 44 days
- Requires
- Min Balance
- Card Spend (optional)
Axos
Business Interest Checking
- Bonus
- up to $400
- Account Type
- Business Checking
- Expires In
- 26 days
- Requires
- Min Balance
- Bill Pay
- Card Spend
Why Citi®?
Citi is headquartered in New York and has around 2,600 locations worldwide (about 1,000 of those are here in the U.S.) and over 72,000 fee-free ATMs. So you really never need to worry about getting access to your cash.
Citi is best known for their credit cards, but they offer just about every product you'd expect from a big national bank – covering banking, lending, investing, and wealth management.
What we really love about Citi is the consistent promotions, usually available nationwide. When you open a new account or credit card, Citi will very often give you bonus cash.
What's more, Citi promotions are often tiered. The low requirements make the offers accessible to most people, but even better, Citi will reward you big if you can meet the highest terms.
Learn more in our Citi® review
CitiBusiness® Streamlined Checking
Citi's simplest business checking account, which gives you free access to their 60,000+ ATMs, includes 250 free transactions each month, and allows up to $10,000 in deposits each month.
This is a good basic account for new business owners, and gives you access to Citi's large footprint of physical branches and their suite of online tools. But if you're growing, you'll quickly need to look at one of CitiBusiness's higher products.
Fees
See Citi® website for more information regarding fees.
CitiBusiness® Flexible Checking
A step up from Citi's Streamlined Checking account, the CitiBusiness Flexible Checking account doubles the transaction and deposit allowances to 500 transactions and up to $20,000 cash deposits each month.
Fees
See Citi® website for more information regarding fees.
CitiBusiness® Analyzed Checking
One of Citi's small business checking accounts, which advertises the ability to offset your banking fees by earning credit (the rate is variable and based on the 90-day U.S. Treasury Bill interest rate) for every month that your accounts hold a combined balance of $5,000 or more.
This is not to be confused with an interest-earning account, however, since this credit is only to offset fees and cannot be carried over month-to-month.
Fees
See Citi® website for more information regarding fees.
CitiBusiness® Interest Checking Account
Citi's premium small business checking account will earn interest on the cash in your account, but the fees can add up for businesses with a high number of transactions or cash deposits. These allowances cap at 25 transactions (which include check writing and payroll!) and $10,000 in deposits.
That said, if those constraints work for your company, this account gives you convenient access to Citi's large footprint of physical branches and ATMs, easy-to-use online tools, and solid security and fraud protection.
Fees
See Citi® website for more information regarding fees.
Apply now for a Business Checking Account account to earn the up to $2000 bonus offer
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