Citi Priority Account Package $700 Bonus

Citibank : Citi Priority Account Package
Bonus Amount
$700
Account Type
Personal Checking
Available In Your Area?
Yes
Offer Expires In
Bonus Requirements
  1. Open a new Citi Priority Account Package using the link below.
  2. Within 30 days, deposit $50,000 into the new checking account and then maintain that balance for 60 consecutive calendar days.
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Citi has increased their offer this year, up from $400 in years past. If you're purposely keeping cash in a savings account, this is an easy way to put it to work. Keep in mind the money will be tied up not only for the 60-day requirement, but also for up to 90 days after that until the bonus is deposited. This reduces the effective rate on your savings to about 3.5%, but that's still a good deal compared to today's account rates.

Don't quite have $50k? Citi is also running an offer on their Citbank Account Package, with a $15,000 requirement.

How To Earn The Bonus

The Citi Priority Account Package promotion requires you to deposit and maintain a minimum balance in order to earn the $700 bonus. Full requirements to receive this bonus are:

  1. Open a new Citi Priority Account Package using the link below.
  2. Within 30 days, deposit $50,000 into the new checking account and then maintain that balance for 60 consecutive calendar days.

The fine print

  • After all required activities are met, the bonus will deposited to your account within 90 days.
  • Eligible customers are new Citibank customers who have not been a signer on a Citibank checking account within the past 6 months.

Why Citibank?

Citibank is headquarted in South Dakota and has about 700 physical locations in the U.S. (and another 1,800 overseas). They're 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.

For their consumer banking, they offer a slight twist to the typical separation of checking and savings accounts, instead offering "banking packages" that include a checking account and a linked savings product, with a monthly service fee (waivable) that covers both.

Ultimately, there's certainly nothing to complain about with Citi, but there's also not much to really set them apart. They offer fewer physical branches than the other national brands, but the same low rates. What we like about Citi are the the consistent welcome bonuses, available nationwide.

Citi Priority Account Package

Fees

Citi Priority Account Package does charge a monthly fee of $30, but there are several ways to get this waived:

  • Maintain a combined average monthly balance of $50,000 in eligible linked deposit, retirement and investment accounts