Citibank is one of the world`s largest financial institutions. It offers a variety of account packages to meet your needs, and it has thousands of stores and ATMs where you can access your account. There are no minimum deposit requirements to open current accounts or savings accounts. However, Citibank accounts are the most appropriate for people who can meet the balance or activity requirements. These customers can waive fees with combined balances and receive discounts with relational prices. Your deposit and investment relationship with Citibank can save money on other products. For example, you save money by agreeing to automatically book your mortgage payment from your Citibank account. You save $250 on mortgage fees by having a Citibank account or up to 0.625% off your mortgage rate based on your combined balances. Current Accounts and Savings Opened Without Minimum Payments You can waive monthly service charges for the Access account and basic banking packages in one of three ways: a qualifying direct payment, a qualifying payment or maintaining a combined average balance of $1,500 or more on legitimate related accounts. Citibank offers five regular current account packages and a high-yield package for customers based on their needs. Not all current account packages have a minimum amount for the opening deposit.
However, each current account package charges a monthly service fee if the minimum criteria are not met. In the Citi Mobile app, you can view account balances, make mobile check deposits, find nearby branches or ATMs, and make bill payments. If you`re an Apple fan, you can use it for the mobile app with your Apple Watch. The app is currently ranked 29th in the Finance category in the iOS App Store and has a rating of 4.9 stars. Similarly, the Google Play version has 4.7 stars. Citibank offers three Certificates of Deposit (CD) with unique features. All CDs require a minimum deposit of $500, but some offer higher prices for larger balances. No minimum deposit is required to open your savings account. This account has no monthly service charge and must be part of a Citibank control package. Citigroup.com. „Key results and metrics for the fourth quarter and full year 2019.“ Called on April 14, 2020. Monthly current account fee requirements Citibank is the world`s largest credit card issuer, so there are many types of credit cards available to consumers and small business owners.
These credit cards offer Citibank`s miles, travel bonuses, cash back and home rewards called ThankYou Points. Here are some of Citibank`s credit cards. The Citi Savings Account is a money market account that earns short-term market rates on an account insured by the Federal Deposit Insurance Corporation (FDIC).