2024.10 Replace: The brand new supply is $325/$425, the required quantity of Enhanced Direct Deposit is $3k/$6k. As a result of Citi’s “Enhanced Direct Deposit” is tremendous straightforward to do, we advocate all people to do the $425 supply.
2025.1 Replace: The $450 supply is expired. The present supply is $325.
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Advantages
- $325/$425 sign-up bonus! Please learn under for the requirement to get this bonus.
- There’s a month-to-month upkeep charge of $15. Please learn under for how you can keep away from the month-to-month charge.
- No early termination charge. You possibly can shut your account at any time, however we advocate you to transform your account to the Citi Fundamental Banking bundle to keep away from excessive month-to-month stability requirement.
Bonus Necessities
- This bonus is simply obtainable for brand new shoppers. Those that presently have a Citi checking or financial savings account, or have closed an account inside 12 months usually are not eligible for this supply. These with a Citi bank card usually are not exempt from this supply.
- $325/$425 supply necessities: Deposit no less than two “Enhanced Direct Deposits (EDD)” straight into your new checking account inside 90 calendar days from account opening. Your complete mixed Enhanced Direct Deposit should equal $3,000/$6,000 or extra. I’ll clarify what’s “EDD” within the subsequent chapter. It is vitally straightforward to fulfill the requirement.
What’s Enhanced Direct Deposits (EDD)?
Enhanced Direct Deposits (EDD) is a phrase created by Citi, and it’s completely different from Direct Deposit (DD). The official definition is:
An EDD is an digital deposit by the Automated Clearing Home (“ACH”) Community of payroll, pension, social safety, authorities advantages and different funds to your checking or financial savings account. An Enhanced Direct Deposit additionally consists of all deposits by way of Zelle® and different P2P funds when made by way of ACH utilizing suppliers resembling Venmo or PayPal. Teller deposits, money deposits, test deposits, wire transfers, transfers between Citibank accounts, ATM transfers and deposits, cell test deposits, and P2P funds utilizing a debit card don’t qualify as an Enhanced Direct Deposit.
So, the next strategies all depend in the direction of EDD: Zelle, Venmo, PayPal, and common ACH transfers. Due to this fact it is vitally straightforward to fulfill the requirement.
Keep away from the Month-to-month Price (Meet Any One of many Necessities Under)
- At the very least $250 Enhanced Direct Deposit (EDD) every month.
Completely different Citi Checking Accounts
Here is a comparability and distinction on the official web site.
Abstract
The welcome supply is tremendous straightforward to get, so it’s value opening. This account can be a primary Citi checking account which generally is a good downgrade possibility.
