Update – CitiBank is still offering up to $100 in bonuses for opening a new checking account but beware of fees.
The $100 bounty is strictly available with their “Premier Checking Account” which imposes a monthly fee if you don’t meet account requirements each month. You can see the details of this offer and compare it with additional checking account bonuses here.
Checking accounts in general have come under much scrutiny in 2011 and 2012. Some of the nation’s largest banks (including Citibank) came under heavy fire from the media when they went public with a proposition of new fees attached to their popular checking accounts. The banks claimed that the imposition of these new fees were a way to drum up new revenue streams that were desperately needed in the economic downturn.
- Offer from Archive -
Here is another great checking account bonus, this time offered through CitiBank. Many thanks to BankVibe reader Sean for submitting this one to us!
Offer Code: CE1Q
Currently Citibank is offering new customers who open a checking account and complete a few “qualifying activities” a $100 sign up bonus!
This is one of the better bank deals we have seen lately. (Related – Compare it to recent bank deals from our archives.)
I guess Citibank felt they needed to compete with some of the nation’s other largest consumer banks after most of them began offering sign-up bonuses with their checking products.
If you’ve been keeping tabs on recent checking deals you’ve probably also noticed Chase Bank’s checking account bonus which has been plastered on billboards and television commercials throughout the country over the last few months.
Here are the “Qualifying Activities” one must complete:
- Open a Citibank regular checking account in a qualifying package by 09/30/2009 and deposit a minimum of $1,000.
- Within the first month of opening your account, start making: at least one (1) monthly direct deposit into your checking account; or at least two (2) electronic bill payments each month from your account; or five (5) or more qualifying non-PIN debit card purchase transactions each month using your Citibank debit card and continue doing so for three (3) consecutive months and get $100 deposited into your new account.
- Use the offer code: CE1Q
Benefits of Checking through CitiBank:
-Citibank offers “fee free use” ATM use in over 23,000 ATM’s nationwide. This includes the 5,700 ATMs CitiBank occupies in 7-Elevens.
- Free online bill pay
- Free mobile banking with “Citi-Mobile”
- Free identity theft solutions