Offer at a glance
- Maximum bonus amount: $300
- Availability: Nationwide
- Direct deposit required: Yes, $1,500+
- Additional requirements: See below
- Hard/soft pull: Soft pull
- ChexSystems: Yes
- Credit card funding: None
- Monthly fees: $12, avoidable
- Early account termination fee: None
- Household limit: None listed
- Expiration date: 7/8/24
The Offer
- Citi is offering a $300 checking bonus when you open a new checking account and complete the following requirements:
- Open a new eligible Citi® Checking account with Enhanced Direct Deposits, and enroll in this offer by applying directly from this page. Offer valid from 1/10/24 to 7/8/24.
- Deposit at least two (2) Enhanced Direct Deposits directly into your new checking account within 90 calendar days from account opening. Your total combined Enhanced Direct Deposits must equal $1,500 or more.
- Your cash bonus will be deposited into your open, eligible Checking Account within 30 days after you successfully complete all required activities.
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
Citi Basic Account Package has a $12 monthly fee, this is waived if you do any of the following:
- Make one qualifying direct deposit per statement period and one qualifying bill payment per statement period or
- Maintain a $1,500+ combined average monthly balance in eligible linked accounts
Fee also waived when first listed account owner is 62 or older.
Early Account Termination Fee
In the past, Citi has not charged any ETF, and none is mentioned for this offer.
Our Verdict
This is better than the $200 checking bonus we previously saw. There is also a checking bonus for up to $2,500 but that requires huge deposits. This smaller bonus will be a better option for most people as those huge deposits aren’t required. I do think now that this is $300 it’s worth doing and we will add it to our best bank bonus page.
Useful posts regarding bank bonuses:
William Charles
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