Citibank gives you a certain amount of thankyou points every month depending on how many services you have with them and the type of checking package you have with them. I was thinking of opening multiple checking accounts with citibank and putting them under the same household so that I don't have to actually fund each checking account with more than $1. I was wondering if this would be a bad idea or not. On one hand I'm worried they may think I'm a fraudster but on the other hand, I'm not technically doing anything illegal, right? The household has enough money for me to have each account be an "everything counts" checking account.

I dont think what you do is illegal however you never know, Citi may get you especially with the current state of economy, every cents count. Moreover,I really think that having multiple accounts is not worth the effort and potential danger for getting extra couple more points. How many credit cards do you have with them? Can you tolerate if they decide to close all your accounts?

Um, I'm pretty sure that is not the case. If I were to make a separate checking account, I'd be getting more points. Otherwise everyone in the household except the person who first made a checking account wouldn't be getting thankyou points.

Glitch99 said:goku2 said:Um, I'm pretty sure that is not the case. If I were to make a separate checking account, I'd be getting more points. Otherwise everyone in the household except the person who first made a checking account wouldn't be getting thankyou points.You get points based on the number of different products you have, not the number of accounts (you get points for having a checking account, you dont get double points for having two). Of course, points would be give to each individual who has their own checking account, even if they share an address with another Citi accountholder. But if you are planning to link them all together for fee/maintenance requirement waivers, they'll no longer be considered separate individual accounts, and it is highly unlikely that each account will earn monthly thankyou points.

Completely wrong. Read old Citigold thread.

It is possible to link accounts to waive the balance requirements but each account has to have there own products to receive points and each product can only be linked to 1 account. People in that old thread reported getting points for their husband, wife and kids without having to meet the balance requirement but each had to have for example there own CD, own direct deposit, own bill pay, own checking plus etc. You can not link 1 CD to 3 checking accounts.

So a married couple in theory could get 3600 TYP a month if they have 3 Citigold all titled differently ie Husband only, Wife only and joint account. And each account would need to have it own 6 products linked to that 1 checking account.

goku2 said:That wasn't my idea.. My idea was to have 3 checking accounts, each checking account has a Money market, a debit card and well the checking account itself. That would give you a guaranteed 1,200 points a year, add a $200 CD to that checking account package and then it'd be 2,400 points a year. How is this wrong?

In your OP you use "I" and "household". Are you going to open 3 sets for yourself or 3 for your household (i.e. you and two other members)? If it is for yourself most likely Citibank will catch on and cancel all your TY accounts. If it is for your household it has been discussed thoroughly before (use the search box).

goku2 said:That wasn't my idea.. My idea was to have 3 checking accounts, each checking account has a Money market, a debit card and well the checking account itself. That would give you a guaranteed 1,200 points a year, add a $200 CD to that checking account package and then it'd be 2,400 points a year. How is this wrong?

That will only work if each account is titled differently ie 1 personal account then joint accounts with different people. Again not sure why you don't not look at the archived Citigold Thread. This issue had been discussed in length 2 years ago.

The reason accounts need to be titled differently is because if you look at Citibank web page you can only earn Banking TYP for 1 checking account per person. And the system gets confused when it see joints accounts and does not know who account to charge the 1 bonus per account against. So while you might get away with it for Husband only, Wife only and Joint account. I doubt you could open up 20 joint accounts with 3 products each. As Citibank would surely catch on, close your accounts, and ask you bank else where.

goku2 said:Generally if you have a joint account, the points will go to the primary account holder.

I fully understand which account the points get credited. I refer you again to the archived Citigold thread.

People reported if you open 2 Citigold accounts both titled the same way ie 2 accounts solely in your name you will only earn points on 1 of the Citigold accounts but if you open 1 account in your name and 1 joint account with your name as the primary you will earn points on 2 accounts and your wife still can earn points in a 3rd account solely in her name.

If you read Citibank webpage on "Banking Thank You Points" it clearly states you may only earn points on 1 checking account per person. For some reason you can have a personal and joint account and earn points on 2 checking accounts this way. It is a bug, a glitch or a loophole in how Citi system checks to verify if your checking account qualifies for "Banking Thank You points" or not as joint accounts for some reason do not count against 1 account per person limit.

If you still do not understand what I am trying to explain please use the search button at the top of the page and enter "Citigold" check off archived threads.