Newest Citibank Promotions, Bonuses and Offers: June 2020

You can cash in on the top Citibank promotions for new accounts.

Citibank is one of the biggest banks in the world, with nearly 700 branches in the U.S. and more than 1,800 overseas, not to mention a network of 65,000 fee-free ATMs. No matter where you live in the U.S., there’s likely to be a Citibank location or ATM near you.

Like most banks, Citibank also runs regular promotions to lure new customers, but many don’t take advantage. A GOBankingRates survey found that more than 65% of participants won’t switch change banks for account promotions or sign-up bonuses, which means they end up leaving free money on the table.

If you’re interested in how you can get a bonus for signing up with Citibank, check out these promotions for June 2020:

Citibank Promotions at a Glance

Several Citibank bonuses for new account holders are available this month. Here’s a brief overview:

Best Citibank Promotions: June 2020
AccountCash Value of BonusExpiration Date
Basic Banking Package$200June 30
Citibank Account Package$400June 30
Citi Priority Package$700June 30
Citigold Account Package$1,500June 30

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Current Citibank Promotions

The bonuses currently offered by Citibank depend on the banking package and size of your initial deposit, with payouts ranging from $200 to $1,500. Keep reading for more details.

Basic Banking Package: $200 Bonus

The Basic Banking Package is Citi’s entry-level option. New customers who sign up for the package can earn a $200 cash bonus by opening a checking account online and meeting the initial deposit and balance requirements.

Here’s more information:

  • Cash value: $200
  • Minimum deposit to qualify: $5,000
  • Expiration date: June 30
  • How to get it: Open a Basic Banking checking account online, deposit $5,000 before June 30 and then maintain that balance for 60 days.
  • When you’ll get it: The bonus is deposited in your account 90 days after you meet the requirements.
  • Terms and conditions: This offer is only available to new checking account customers, which Citibank describes as those who have not been a signer on a Citibank checking account within the past 180 days.
  • Monthly fee: $12, but this can be avoided by making qualifying direct deposits and bill payments or maintaining a minimum balance above $1,500 in eligible linked accounts
  • Promotion Page: Basic Banking Package

Citibank Account Package: $400 Bonus

The Citibank Account Package comes with unlimited check writing and no fees for using non-Citi ATMs as long as you meet certain requirements. This month you can earn a $400 bonus for opening new eligible checking and savings accounts, though you’ll need to make a $15,000 minimum deposit to qualify.

Here’s the rundown:

  • Cash value: $400
  • Minimum deposit to qualify: $15,000
  • Expiration date: June 30
  • How to get it: Open a new checking and savings account before June 30 and then deposit at least $15,000 between the two accounts. Next, maintain a minimum balance of at least $15,000 for 60 consecutive days.
  • When you’ll get it: Within 90 days of meeting the requirements
  • Terms and conditions: You must enroll in the offer when opening the account to earn the cash bonus. The bonus is only available to new Citibank account holders who haven’t been signers on a Citibank checking account in the last 180 days.
  • Monthly fee:  $25, but can be waived by maintaining the minimum balance requirement
  • Promotion Page: Citibank Account Package

More on Savings Accounts: Where Is the Best Place To Put Your Savings?

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Citi Priority Account Package: $700 Bonus

The Citi Priority Account Package comes with perks such as Rewards Points for linked accounts, the option to earn interest on your checking account balance and access to financial services. You can also get a $700 bonus when you open a new account with at least $50,000 and meet other requirements. Here’s more:

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  • Cash value: $700
  • Minimum deposit to qualify: $50,000
  • Expiration date: June 30
  • How to get it: Open a checking and savings account with the Citi Priority Account Package before June 30. Next, deposit at least $50,000 between both accounts and maintain that amount for 60 days.
  • When you’ll get it: Within 90 days of meeting the requirements
  • Terms and conditions: Only available to new Citibank customers
  • Monthly fee: $30, but can be waived by maintaining the minimum balance of $30,000 between eligible linked accounts.
  • Promotion Page: Citi Priority Account Package

Citigold Account Package: $1,500 Bonus

Citigold is Citibank’s premier offering, combining a checking and savings account with personal banking and wealth management services and tools. Account holders also get additional perks like travel benefits, no fees — and a $1,500 bonus for new customers who meet eligibility requirements. Learn more below:

  • Cash value: $1,500
  • Minimum deposit to qualify: $200,000
  • Expiration date: June 30
  • How to get it: Open a checking and savings account with the Citigold Account Package before June 30 and then maintain a minimum balance of $200,000 for 60 days.
  • When you’ll get it: Within 90 days after meeting the requirements
  • Terms and conditions: Only new Citibank customers are eligible. The Citigold Account will be converted to a Citi Priority Account if the $200,000 level is not maintained.
  • Monthly fee: None
  • Promotion Page: Citigold Account Package

Learn More: Best Checking Accounts of 2020

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How To Open a Citibank Account

You can open a Citibank account in person at a retail branch, over the phone and online. Just remember that you’ll have to apply online for the Basic Banking Package to qualify for the $200 bonus. No Citibank coupon codes are required for the bonuses.

To open a Citibank online account, you must provide the following information:

  • Physical U.S. address
  • Date of birth
  • Social Security number.

Should You Switch to Citibank?

Citibank has everything you need in a bank when it comes to branch availability, variety of different accounts and products and online and mobile banking options. Its cash bonuses for opening new accounts also rank among the best in the industry, so if you’re thinking of switching to Citibank, now’s a good time.

But if you’d prefer a smaller bank with lower fees and minimum deposits, you’ll probably want to look elsewhere. You can check out deals offered at other banks by reading this GOBankingRates article on the newest promotions, bonuses and offers.

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Levi Leidy contributed to the reporting for this article.

Information on promotions is accurate as of June 10, 2020. Additional requirements may apply. Offers and terms are subject to change.

This content is not provided by Citibank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Citibank.

This article has been updated with additional reporting since its original publication.

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