Newest Citibank Promotions: Best Offers, Coupons and Bonuses May 2020

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

Citibank has been providing banking services for more than 200 years and currently serves over 100 million customers around the world. If you like visiting a local branch to handle your banking tasks, Citibank probably has a location near you. If you prefer banking from home, Citibank has a full lineup of online and mobile options as well.

Those aren’t Citibank’s only strengths, however — it also offers some of the most lucrative promotional offers in the industry. You can get as much as $1,500 in free cash just for opening a bank account.

GOBankingRates survey found that many Americans miss out on free money because they don’t take advantage of promotional offers from banks. More than 65% of the people who responded admitted that these bonuses aren’t enough incentive to switch banks.

If you’re ready to cash in on some free money, check out these top Citibank offers for May 2020:

Citibank Promotions at a Glance

Here’s a quick look at current Citibank promotions to help you determine which bonus offer is best for you:

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

Compare These: Best National Banks of 2020

Back to top

Citibank financial services
lentamart / Shutterstock.com

Current Citibank Promotions

Citibank’s current bonuses involve different banking packages that require different initial deposits. Here’s everything you need to know about each offer:

Basic Banking Package: $200 Bonus

Citibank’s Basic Banking Package is an entry-level option that comes with benefits such as waived ATM fees for account owners older than 62 and unlimited check writing. New customers can also earn a $200 cash bonus by applying for a checking account online, depositing $5,000 or more within 30 days and keeping the balance for at least 60 days. Here are all the details:

  • Cash value: $200
  • Minimum deposit to qualify: $5,000
  • Expiration date: June 30, 2020
  • How to get it: Open a checking account in the Basic Banking Package, deposit $5,000 in the account before June 30, 2020 and then maintain that balance for 60 days.
  • When you’ll get it: The bonus is deposited in your account within 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 waived by making qualifying direct deposits and bill payments or maintaining minimum balance
  • Promotion page: Basic Banking Package bonus offer

Citibank Account Package: $400 Bonus

You can earn a $400 bonus when you sign up for the Citibank Account Package. You’ll receive the bonus when you open a new eligible checking and savings account and maintain a combined minimum balance of $15,000 for the first 60 days. Here’s more:

  • Cash value: $400
  • Minimum deposit to qualify: $15,000
  • Expiration date: June 30, 2020
  • How to get it: Open new checking and savings accounts before June 30 and then maintain a total balance of at least $15,000 for 60 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.
  • Monthly fee: $25, but waived by maintaining the minimum balance requirement in linked accounts
  • Promotion page: Citibank Account Package bonus offer

Back to top

Citi Priority Account Package: $700 Bonus

Citi’s Priority Account Package lets you earn interest on high balances in both your checking and savings accounts. You’ll get perks like free ATM withdrawals and access to financial planners, plus a $700 bonus. Here’s how:

  • Cash value: $700
  • Minimum deposit to qualify: $50,000
  • Expiration date: June 30, 2020
  • How to get it: Open a checking and savings account in the Citi Priority Account Package before June 30, 2020. Next, deposit $50,000 between the accounts and maintain that balance for 60 days.
  • When you’ll get it: Within 90 days of meeting the requirements
  • Terms and conditions: This offer is available for new customers only.
  • Monthly fee: $30, but waived by maintaining the minimum balance requirement
  • Promotion page: Citi Priority Account Package bonus offer

Citigold Account Package: $1,500 Bonus

Citigold is an integrated wealth management and banking program that offers clients perks such as financial planning, relationship rates, personal banking services and travel benefits with no monthly fee. New customers can earn a $1,500 bonus when they open eligible accounts and meet certain criteria.  Here’s how it works:

Save for Your Future
Sponsors of
  • Cash value: $1,500
  • Minimum deposit to qualify: $200,000
  • Expiration date: June 30, 2020
  • How to get it: Open a checking and savings account from the Citigold Account Package before June 30, 2020. Next, deposit a total of $200,000 in the accounts and maintain that balance between the accounts for 60 days.
  • When you’ll get it: Within 90 days after meeting the requirements
  • Terms and conditions: The account can be converted to a Citi Priority Account Package if you  don’t maintain the minimum balance requirement in eligible accounts.
  • Monthly fee: None
  • Promotion page: Citigold Account Package bonus offer

Back to top

How To Open a Citibank Account

You can apply for a Citibank account online, at a branch or by phone. To earn the bonus, you have to enroll in the offer when you apply. Citibank coupon codes are not required, but you should use the links provided or call 866-458-9209.

Accounts are available to U.S. citizens and permanent residents. When applying for a Citibank account, you must provide the following:

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

Are Citibank Promotions Right for You?

Switching banks simply to earn a cash bonus might not be the best idea if the bank doesn’t provide the services that match your financial needs. But if Citibank ticks the right boxes for you personally, its current bonuses are as good as any you’ll find in the banking industry. Citibank is an especially good choice if you want access to hundreds of branches nationwide, low fees and a variety of banking, loan and credit card products.

Don’t Miss: How To Save Money With These 8 Banking Products

Back to top

More on Citibank

More Bank Promotions

Save for Your Future
Sponsors of

Levi Leidy contributed to the reporting for this article.

Information on promotions is accurate as of May 6, 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.

Related Video