Financier Forums

Finance Corner => General Discussion => Topic started by: Joel on October 25, 2016, 09:48:26 AM

Title: Citibank Savings - $400 Signup Bonus
Post by: Joel on October 25, 2016, 09:48:26 AM

- Must maintain 15k for 30 days in the account
- $25 monthly fee avoided with 10k in the account
- Bonus is paid out ~90 days after the 15k has been held for 30 days
- Expires 10/31/2016

http://www.doctorofcredit.com/citibank-400-checking-bonus/
Title: Re: Citibank Savings - $400 Signup Bonus
Post by: Alex on October 25, 2016, 12:18:23 PM
Only 30 days required to get bonus? not bad at all.

Is there a minimum time the account must be open to avoid clawback?
Title: Re: Citibank Savings - $400 Signup Bonus
Post by: Joel on October 25, 2016, 01:10:32 PM
You must keep 15k for 30 days, and then it takes about 90 days for the bonus to be paid. That article recommends downgrading the account, and then closing it after another 30 days.


If you don't keep 10k for the 90 day waiting period, you have to pay a $25 per month fee. [size=78%]So really, it's 15k for 1 month, 10k for another 3 months, and then wind down over the course of the next month.[/size]


This is one of the easier and better sign up bonuses I've seen.
Title: Re: Citibank Savings - $400 Signup Bonus
Post by: jenmas on November 01, 2016, 04:18:00 PM
I opened my account last week. Since there is a Citibank literally a block from the office, I did it in person because I wanted to see if they did currency exchange because I have about $200 in another currency and the fees at Travelex are high (I'm spoiled because I spent 3 years living overseas where I could get a great exchange rate by using an ATM that dispensed USD and then taking the cash to change at one of the money changers that was on every corner). It is a general Citibank service but varies branch to branch and this branch didn't  :(. Because the checking account doesn't offer interest, I was told that you can also open a savings account and put $5K in there and $10K in the checking account to at least get a little interest (it's something like 0.02%) during the waiting period as the requirement was for $15K balance in combined accounts.
Title: Re: Citibank Savings - $400 Signup Bonus
Post by: Christiandaw on December 26, 2017, 08:44:06 PM
This bank is a good service bank. And people are very popular.