Best Citibank Promotions March 2020: $200-$700

Get up to $700 with these offers from Citi.

Citibank has been providing banking services for more than 200 years. It’s the third-largest bank in the U.S. and 11th worldwide, with almost 700 national and 1,800 overseas branches. If you like visiting a local branch to handle your banking, Citibank probably has a location near you.

Besides the bank’s widespread availability, Citibank promotions may be among the best of all banks. You can get as much as $700 in free cash just for opening a bank account. A GOBankingRates survey found that most Americans miss out on cash bonuses — often because they choose a conveniently located bank instead. With Citibank, you don’t have to compromise convenience to earn cash.

Here’s a quick preview of everything you need to know about the top Citibank promotions:

Citibank Promotions at a Glance

Compare the latest Citibank promotions to determine which bonus offer is best for you.

Citibank Promotions: March 2020
Account PromotionOffer ExpiresMinimum Deposit Required
Basic Banking Package$200 cash bonusMarch 31, 2020$5,000
Citibank Account PackageUp to $500 cash bonusMarch 31, 2020$15,000
Citi Priority Account Package$700 cash bonusMarch 31, 2020$50,000

Compare: Best National Banks of 2020

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Current Citibank Promotions, Offers, Coupons, and Bonuses

If you can deposit and maintain at least $5,000 in your new Citibank accounts, you are eligible for the lucrative Citibank promotions. Here’s everything you need to know about each offer:

Basic Banking Package: $200 Cash Bonus

The Basic Banking Package is Citibank’s entry-level package. Earning the $200 cash bonus is simple — apply online, choose at least a Citibank checking account, link your accounts and deposit $5,000 or more within 30 days. Here are all the details:

  • Minimum deposit to qualify: You must deposit $5,000 within the first 30 days.
  • Expiration date: March 31, 2020
  • How to get it: Open a regular or interest-bearing account online.
  • When you’ll get it: You’ll receive the bonus within 90 days after you complete all required activities.
  • Terms and conditions: You’ll earn $200 if you open your account with $5,000 and maintain the balance the first 60 days.
  • Monthly fee: The $12 monthly service fee is waived if you arrange for one qualifying direct deposit per month and one qualifying bill payment per month or maintain a combined balance of $1,500 or more.

Find Out: How To Avoid Citibank’s Monthly Maintenance Fees

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Citibank Account Package: Up to $500 Cash Bonus

You can earn two bonuses totaling $500 when you sign up for the Citibank Account Package. Get $400 when you open a new eligible checking and savings account and maintain a minimum balance of $15,000 between the two for the first 60 days. Earn another $100 if you receive one qualifying direct deposit per month for the first two months.

  • Minimum deposit to qualify: Deposit $15,000 within the first 30 days.
  • Expiration date: March 31, 2020
  • How to get it: Open the eligible accounts online.
  • When you’ll get it: You’ll receive the bonus within 90 days after you complete all required activities.
  • Terms and conditions: You’ll need to open a checking and savings account to qualify. The minimum $15,000 balance can be shared between the two accounts. Earn 0.04% to 1.50% APY on the interest checking or savings account (depending on balance).
  • Monthly fee: Avoid the $25 monthly service fee by keeping a combined average monthly balance of $10,000 or more.

Read Next: 9 Best New Bank Promotions and Bonuses for March 2020

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Citi Priority Account Package: $700 Cash Bonus

Citi’s Priority Account Package allows you to earn interest on your high balances on both your savings and checking accounts. You’ll get the most perks compared with the other account types, including free ATM withdrawals and access to financial planners, plus a $700 bonus. Here’s how:

  • Minimum deposit to qualify: Deposit at least $50,000 within the first 30 days.
  • Expiration date: March 31, 2020
  • How to get it: Open the eligible accounts online.
  • When you’ll get it: You’ll receive the bonus within 90 days after you complete all required activities.
  • Terms and conditions: If you choose an interest-bearing checking account, you’ll earn 0.03% APY. For the savings account, the APY varies between 0.04% and 0.15%, depending on the balance.
  • Monthly fee: The $30 monthly service fee is waived if you maintain an average monthly combined balance of $50,000 or more.

Consider This: Citibank Review — Is It the Right Bank for You?

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Opening a Citibank Account

To earn the cash bonus, you’ll need to apply online using the links provided above. To open an account, you must be 18 or older and a U.S. citizen or legal resident. Citibank will ask for your:

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

Help With Your Account: How To Find and Use Your Citibank Login

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Should You Switch Banks To Take Advantage of Citibank Promotions?

Switching banks simply to earn a cash bonus may not be the best idea if the bank doesn’t provide the services you need. Luckily, Citibank is an excellent bank with hundreds of branches nationwide, low fees and a variety of banking, loan and credit card products. The cash offer is an attractive perk to banking with Citibank.

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Keep Reading: Best Citi Credit Cards

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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.