Citi® Business Checking Account up to $2000 Bonus

Renewed for 2023, 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 $200 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.

Full requirements to receive this bonus are:

1. Open a new Citibank business checking account in-branch.
2. Within 30 days, deposit $5,000 to earn $200, $15,000 to earn $500, $25,000 to earn $700, $50,000 to earn $1,000, $100,000 to earn $1,500, or $200,000 to earn $2,000.
3. Maintain that balance for 60 days.
4. The bonus will be credited to your business checking account within 90 days from the end of the month in which you complete the requirements.

Open a Business Checking Account account before the bonus expires on July 12, 2023

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.

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:

Chase

Chase Business Complete Banking℠

Bonus

$300

Account Type

Business Checking

Expires In

49 days

Requires

• Min Balance
• Card Spend (optional)

Full Details

U.S. Bank

Business Checking

Bonus

$500

Account Type

Business Checking

Expires In

24 days

Requires

• Min Balance
• Bill Pay (optional)
• Card Spend (optional)

Full Details

Live Oak

Live Oak small business checking

Bonus

$150

Account Type

Business Checking

Expires In

1 day

Requires

• Min Balance
• Bill Pay (optional)
• Card Spend (optional)

Full Details

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

CitiBusiness® Streamlined Checking does charge a monthly fee of $15, but there are ways to get this waived:

• Maintain a monthly balance of $5,000.

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

CitiBusiness® Flexible Checking does charge a monthly fee of $22, but there are ways to get this waived:

• Maintain a monthly balance of $10,000.

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

CitiBusiness® Analyzed Checking charges a monthly fee of $24.

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

CitiBusiness® Interest Checking Account does charge a monthly fee of $30, but there are ways to get this waived:

• Maintain a monthly balance of $10,000.

Apply now for a Business Checking Account account to earn the $2000 bonus offer

Citi® Locations

You may sometimes be required to visit a branch in-person to take advantage of a welcome offer. Or, you may just prefer the convenience of banking with institutions that have locations near you.

Fortunately, Citi® has a total of 680 branches in the United States.

Get a better idea of how well Citi® can serve you by checking out their branches closest to your area:

The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired or changed.