Citizens Bank Checking Account Review: Simple, Low-Cost Banking

See if this regional bank is a good checking option for you.

With more than 1,100 branches and 3,500 ATMs across the U.S., Citizens Bank is one of the largest and oldest regional banks in the country. Parent company Citizens Financial Group offers a range of personal and commercial services, like mobile banking and business credit cards, as well as personal banking products like checking accounts. Take a look at the checking services to decide whether to open a checking account with Citizens Bank.

Citizens Bank Checking Account Review

Both new and existing members of Citizens Bank can apply for a new account online or in person at a branch. Four different checking accounts are available, and all include banking benefits such as:

  • No minimum starting balance
  • Unlimited monthly transactions
  • Unlimited check writing
  • Debit card
  • 24/7 online banking, mobile banking and phone banking
  • Steady Save automatic transfers for customers who also have a Citizens Bank savings account

Compare: 9 Types of Checking Accounts

Citizens Bank Checking Account Options

Checking account interest rates, fees and other features vary for the different accounts offered by Citizens Bank. Here’s a breakdown of all the important features for each account to help you choose the one that’s right for you.

1. One Deposit Checking From Citizens Bank

The most simple account offered by Citizens Bank still includes many features. Customers can avoid the $9.99 monthly maintenance fee by making one deposit per statement period and can avoid the monthly statement fee of $2 to $3 by choosing paperless eStatements. A free debit card is included for easy money access, but getting checks for your account will cost you at least $9.99.

2. Student Checking

If you’re under 25 years old and looking to open an account, you might want to choose the Student Checking option. There is no monthly maintenance fee for students or young adults, and a fee of just $3.99 per month is applied only after the customer turns 25. You also won’t be charged a fee for statements, even if you choose to receive paper statements, and there is no fee for using non-Citizens Bank ATMs.

3. Citizens Bank Platinum Checking

The Platinum Checking experience offers highlighted personalized banking features, including advice from Citizens Bank bankers. Customers with Platinum Checking also receive unlimited savings, money market and CD accounts at platinum rates, as well as no fees for Platinum check designs, paper statements, money orders and foreign currency. The $25 monthly account maintenance fee can be waived with a combined account balance of $25,000. Accounts have a variable interest rate of 0.02% APY for balances of $2,500 to $9,999.

4. Citizens Bank Platinum Plus Checking

Platinum Plus checking accounts include the same features as Platinum accounts but with a higher APY of 0.07% for balances of $250,000 and above.

Read More: 10 Best Checking Accounts of 2018

Other Citizens Bank Products and Services

If you’re looking for commercial and personal banking options, Citizens Bank offers a range of services. Credit card and loan options are offered along with checking and saving options, and they include 24/7 support.

The Bottom Line: Low Cost and Regional Access

The range of services and perks that comes with a Citizens Bank checking account make it a potentially good choice for people looking for a well-rounded checking experience. Mobile banking ensures that tracking your spending habits and account balances is easy. With no minimum starting balance, regardless of the type of checking account chosen, opening an account is accessible to most people.

Citizens Bank is a regional banking company, so bank branches are only available in 11 states in the Midwest and Northeast. People who travel often or reside in another area and require a physical bank branch might need to consider another option.

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