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rated:
http://banking.citibank.com/cbol/17/checking/aquisition/300-offer/default.htm?BT_TX=1&ProspectID=D9D01305135B4068919380BBB4094053 

$300 Bonus w/Citibank open new account with 15k

Start your Citibank relationship today. Open a new account in The Citibank Account Package and qualify to earn a $300 cash bonus.*

To qualify for a $300 cash bonus, open a new eligible consumer checking account in The Citibank Account Package by 3/31/2017.

Within 45 days after account opening, make a qualifying deposit of $15,000 or more in new-to-Citibank funds into the new checking account or your new or existing Citibank Savings Plus Account or Citi Savings Account and maintain a minimum balance of $15,000 for 30 consecutive calendar days following the date you made your qualifying deposit.

Within 45 days after account opening, complete 1 qualifying Direct Deposit to your checking account or make 1 or more qualifying purchase transactions with your Citibank Debit Card totaling $250.


EXPIRES 3/31/2017
 

Member Summary
Most Recent Posts
Citi is the most painful bank (along with HSBC) to open accounts. You have to pull your teeth to get their bonuses too! ... (more)

bharatiya (Feb. 16, 2017 @ 9:59a) |

Promo doesn't require direct deposit and your deposit avoids fees there is no down side as there is no rush to close the... (more)

TheBells (Feb. 16, 2017 @ 3:01p) |

Many promos require that you not be a current customer or have had no account with them in the past x months.
Example: Th... (more)

fwuser12 (Feb. 16, 2017 @ 4:39p) |

Copy of fine prnt for ready and future reference (after the 3/31/17 deadline and before folks might actually meet requirements and get paid the bonus).
Fine print said: *If you are eligible and fulfill the required activities then the cash bonus will be credited to your checking account within 90 calendar days from the date when you completed all offer requirements.

To qualify to earn a $300 cash bonus, you must open a new eligible consumer checking account in The Citibank Account Package between 1/12/2017 through 3/31/2017 and complete the following within forty-five (45) days of opening your account:

Make a qualifying deposit of $15,000 or more in new-to-Citibank funds into the new checking account or a new or existing Citibank Savings Plus Account or Citi Savings Account linked to the qualifying banking account package; and maintain a minimum balance of $15,000 for 30 consecutive calendar days following the date you made your qualifying deposit.
Complete 1 qualifying direct deposit to your checking account or make 1 or more qualifying purchase transactions using your Citibank Banking Card totaling $250 or more.

As of 11/22/2016, an Interest Checking account opened in The Citibank Account Package paid an Annual Percentage Yield (APY) of 0.01% in all markets. The APYs paid as of 11/22/16 for the Citibank Savings Plus Account and the Citi® Savings Account in The Citibank Account Package are: SD: 0.04% for a balance of $25,000–$99,999.99; 0.06% for a balance of $100,000–$499,999.99; 0.08% for a balance of $500,000 or more; NY, NJ, CT: 0.04% for a balance of $25,000–$99,999.99; 0.06% for a balance of$100,000–$499,999.99; 0.08% for a balance of $500,000 or more; CA, FL, NV: 0.04% for a balance of $25,000–$49,999.99; 0.06% for a balance of $50,000–$499,999.99; 0.08% for a balance of $500,000or more; MD, VA, DC: 0.06% for a balance of $25,000–$99,999.99; 0.08% for a balance of $100,000– $499,999.99; 0.10% for a balance of $500,000 or more; IL: 0.06% for a balance of $25,000–$49,999.99; 0.08% for a balance of $50,000–$499,999.99; 0.10% for a balance of $500,000 or more.APYs are variable and subject to change without notice after the account is opened. Fees could reduce account earnings.

New-to-Citibank funds are funds not currently held at Citibank or its affiliates.

Qualifying Direct Deposits are Automated Clearing House (ACH) credits, which may include payroll, pension or government payments (such as Social Security) by your employer, or an outside agency. Qualifying purchase transactions are those made using the Citibank Banking Card to buy goods and services and are net of returns and other adjustments. ATM withdrawals, cash back, and bill payments do not qualify as Citibank Banking Card Debit purchases. Net qualifying purchases are determined in Citibank’s sole discretion and must post to the new account within 60 days of account opening. Qualifying debit card purchases are on a per account basis and based upon all debit card purchases by all customers when the new checking account is the primary account linked to a debit card.

A new consumer checking account in The Citibank Account Package is required. Customers must be 18 years or older to participate in this promotion. Existing customers with a checking account are not eligible. Enrollment in this offer does not guarantee eligibility. To qualify for this promotion, you must enroll in the promotion, meet the terms and conditions of this offer and perform the required qualifying activities contained in this offer. To be eligible for this offer, you must not currently have a consumer checking account with Citibank or have been a signer on or owner of a Citibank consumer checking account in the last 60 days. Fiduciary, estate, business and all trust accounts except Living Trusts are not eligible. Eligible accounts must have been opened within 60 calendar days of enrollment in this offer. Customer can have an existing Citibank Savings Plus Account or Citi Savings Account. Regular account charges apply. Offer may be modified or withdrawn at any time without notice, is not transferable and cannot be combined with any other checking offer. If you meet the terms of two or more checking account offers in the same calendar month, you will receive the bonus for the offer with the higher bonus value. Limit of one offer per customer and per account.

The new checking account in The Citibank Account Package must be open and in good standing at the time the cash bonus is credited to the Account. If the qualifying deposit is made into a Citibank Savings Plus Account or Citi Savings Account, these accounts must also be in good standing at the time the cash bonus is credited to the new checking account.

1A monthly service fee of $25 applies to the checking account in The Citibank Account Package and a $2.50 non-Citibank ATM withdrawal fee if combined average monthly balance requirements are not maintained. For all account pricing details please visit citi.com/compareaccounts

2Fees charged by other institutions for your transactions on non-Citibank ATMs are beyond Citibank’s control and are in addition to the fees listed here.

3Citibank does not charge you a fee for using the Mobile Check Deposit service. However, charges from your wireless carrier may apply. Regular account charges apply. The Mobile Check Deposit service is for personal checking accounts only and is subject to eligibility. Deposit limits and other restrictions apply.

Important tax information: The bonus will be reported to the IRS as interest, in the year received, as required by applicable law. Bonuses received by U.S. persons will be reported on IRS Form 1099-INT for the year received. Bonuses received by non-U.S. persons will be reported on IRS Form 1042-S for the year received. Customer is responsible for taxes and consulting a tax advisor. To be eligible for the bonus, a U.S. person must have a valid Form W-9 on file, and a non-U.S. person must have a valid Form W-8BEN on file, and the account must not be subject to back-up withholding.
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rated:
Just a heads up might have to do some legwork making sure to get your bonus, take screenshots. I'm on my second attempt to close my account today, after the agent from a chat didn't do it.

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Read the thread on  recent $400 Citi checking bonus offer for general information.

One of the fine prints from current offer:
Fine print said: To be eligible for this offer, you must not currently have a consumer checking account with Citibank or have been a signer on or owner of a Citibank consumer checking account in the last 60 days.
 

You could potentially get into this offer if you promptly closed the checking account prior to Jan 30 after receiving the $400 bonus from the previous offer.




 

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This offer is for no interest accruing checking account , right?

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docjoo said:   This offer is for no interest accruing checking account , right?
  Would it matter? You'd get at best 0.2% or so if it was an interest checking account. For 30 days, and 15K invested, that's a whole $2.50 (before tax).

The far bigger issue is the opportunity cost. Those $15K could be invested in the market, and at 8% annual return, make $100 in those 30 days. Of course, the market is riskier, but you don't have the hassle of opening/closing accounts, moving the money, a possible hard pull on your credit, arguing with CSR's when you don't get the bonus, etc. That opportunity cost (and chance of hard credit pull) cuts down on the attractiveness of the offer substantially. It's the prime reason why I don't take advantage of these offers.

BTW: A 8% annual return is not unreasonable for a mix of stocks/bonds over a longer term. As an example, the Vanguard Wellington Fund brought 9.9% over 5 years, 7% over 10 years.

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canoeguy1 said:     Would it matter? You'd get at best 0.2% or so if it was an interest checking account. For 30 days, and 15K invested, that's a whole $2.50 (before tax).

The far bigger issue is the opportunity cost. Those $15K could be invested in the market, and at 8% annual return, make $100 in those 30 days. Of course, the market is riskier, but you don't have the hassle of opening/closing accounts, moving the money, a possible hard pull on your credit, arguing with CSR's when you don't get the bonus, etc.
 

  Agree with the first point.

On the second, investing in the market vs. going for a bank bonus are vastly different in terms of what is involved and the type of risk(s) involved. Each one will have to make a call based on their willingness to put up with the risks and following the requirements.

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canoeguy1 said:   docjoo said:   This offer is for no interest accruing checking account , right?
  Would it matter? You'd get at best 0.2% or so if it was an interest checking account. For 30 days, and 15K invested, that's a whole $2.50 (before tax).

The far bigger issue is the opportunity cost. Those $15K could be invested in the market, and at 8% annual return, make $100 in those 30 days. Of course, the market is riskier, but you don't have the hassle of opening/closing accounts, moving the money, a possible hard pull on your credit, arguing with CSR's when you don't get the bonus, etc. That opportunity cost (and chance of hard credit pull) cuts down on the attractiveness of the offer substantially. It's the prime reason why I don't take advantage of these offers.

BTW: A 8% annual return is not unreasonable for a mix of stocks/bonds over a longer term. As an example, the Vanguard Wellington Fund brought 9.9% over 5 years, 7% over 10 years.


You can easily get 1 percent with no hoops to jump thru for.savings and many 5% by jumping thru hoops

rated:
Got a somewhat similar offer from Bank of America.   Only difference is $4.5K instead of $15k and 60 days to deposit by auto deposit.  Works for my SS deposit. I should say that it was targeted and I have been a credit card holder back to the days when they were known as No Cash for No Body. (NCNB for those who don't have gray hair)

rated:
Good luck trying to get your $300 paid out on time. Been there done that. Not good.
​Paid out about 1 month after due date. Mine was $400 though. just got it 3 days ago.

rated:
bc3000 said:   
canoeguy1 said:   
docjoo said:   This offer is for no interest accruing checking account , right?
  Would it matter? You'd get at best 0.2% or so if it was an interest checking account. For 30 days, and 15K invested, that's a whole $2.50 (before tax).

The far bigger issue is the opportunity cost. Those $15K could be invested in the market, and at 8% annual return, make $100 in those 30 days. Of course, the market is riskier, but you don't have the hassle of opening/closing accounts, moving the money, a possible hard pull on your credit, arguing with CSR's when you don't get the bonus, etc. That opportunity cost (and chance of hard credit pull) cuts down on the attractiveness of the offer substantially. It's the prime reason why I don't take advantage of these offers.

BTW: A 8% annual return is not unreasonable for a mix of stocks/bonds over a longer term. As an example, the Vanguard Wellington Fund brought 9.9% over 5 years, 7% over 10 years.


You can easily get 1 percent with no hoops to jump thru for.savings and many 5% by jumping thru hoops

  It's a checking account, not a savings account.

rated:
Obligatory: "If you have $15,000 why would you care about $300?"



* On a more serious note, I haven't done bank bonuses in a while, so between the $200 bonuses I have available right now**, and keeping my Netspend cards full: I'm still going back and forth on whether it's cost effective for me to follow through on this offer from Citi.

** Due to pure laziness I prefer to waive monthly fees on most bank accounts based on minimum balance and not much else.

rated:
Some fine print:

Within 45 days after account opening, make a qualifying deposit of $15,000 or more in new-to-Citibank funds into the new checking account or your new or existing Citibank Savings Plus Account or Citi Savings Account and maintain a minimum balance of $15,000 for 30 consecutive calendar days following the date you made your qualifying deposit.

$25 monthly service fee waived when you maintain a balance of $10,000 or more in your eligible deposits, retirement accounts, and investments 1

1 A monthly service fee of $25 applies to the checking account in The Citibank Account Package and a $2.50 non-Citibank ATM withdrawal fee if combined average monthly balance requirements are not maintained.

The bonus will be reported to the IRS as interest, in the year received, as required by applicable law. Bonuses received by U.S. persons will be reported on IRS Form 1099-INT for the year received.

rated:
People can miss out by not reading ALL print before acting. Your deposit has to - or should - cover the required purchase (transaction), not just the $15,000. IF the debit card transaction were exact, to the penny (lucky you) you need to deposit $15,250. Then you can get the debit card transaction done asap AND make sure it is $250 before tax.

Funds must remain for 30 days AFTER  the transaction.

WITHIN 45 days receive bonus of $300 

No checking account fees on accounts with balances of $10,000 or more

Is it worth it? As an annual rate, as it stands, under 2 % BUT flip those funds to another deal, different story. If you timed it correctly with the last Citibank deal to do that one and now this one you would be looking at "about" 5% and still have the remaining year after closing account to have those funds earn money. ALL safer, in my opinion than playing the stock market considering no broker fees. 

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TheBells said:   People can miss out by not reading ALL print before acting. Your deposit has to - or should - cover the required purchase (transaction), not just the $15,000. IF the debit card transaction were exact, to the penny (lucky you) you need to deposit $15,250. Then you can get the debit card transaction done asap AND make sure it is $250 before tax.

Funds must remain for 30 days AFTER  the transaction.
 

  I am not seeing the last part in the fine print. Going by your OP, the 15k must remain in the account for 30 days from the date of deposit.

rated:
One of the requirements is
Requirements said: Within 45 days after account opening, complete 1 qualifying Direct Deposit to your checking account or make 1 or more qualifying purchase transactions with your Citibank Debit Card totaling $250.
In the fine print, it says
Fine print said: Qualifying Direct Deposits are Automated Clearing House (ACH) credits, which may include payroll, pension or government payments (such as Social Security) by your employer, or an outside agency.
Seems to suggest, an ACH transfer should satisfy the "qualifying direct deposit" requirement and maybe the easier route to meet the requirements.
 

rated:
they haven't paid my $400 promotional amount that they did another promo few months ago.
CITI is SHITI bank.
tired of complaning multiple times and still no luck so far.

all they says that all requirements met and they open investigation for finding the cause and then quite silence.

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Why would they do a credit check for a checking account?

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canoeguy1 said:   
docjoo said:   This offer is for no interest accruing checking account , right?
  Would it matter? You'd get at best 0.2% or so if it was an interest checking account. For 30 days, and 15K invested, that's a whole $2.50 (before tax).

The far bigger issue is the opportunity cost. Those $15K could be invested in the market, and at 8% annual return, make $100 in those 30 days. Of course, the market is riskier, but you don't have the hassle of opening/closing accounts, moving the money, a possible hard pull on your credit, arguing with CSR's when you don't get the bonus, etc. That opportunity cost (and chance of hard credit pull) cuts down on the attractiveness of the offer substantially. It's the prime reason why I don't take advantage of these offers.

BTW: A 8% annual return is not unreasonable for a mix of stocks/bonds over a longer term. As an example, the Vanguard Wellington Fund brought 9.9% over 5 years, 7% over 10 years.

  Why would they do a credit check for a checking account?

rated:
sb02 said:   
canoeguy1 said:   
docjoo said:   This offer is for no interest accruing checking account , right?
  Would it matter? You'd get at best 0.2% or so if it was an interest checking account. For 30 days, and 15K invested, that's a whole $2.50 (before tax).

The far bigger issue is the opportunity cost. Those $15K could be invested in the market, and at 8% annual return, make $100 in those 30 days. Of course, the market is riskier, but you don't have the hassle of opening/closing accounts, moving the money, a possible hard pull on your credit, arguing with CSR's when you don't get the bonus, etc. That opportunity cost (and chance of hard credit pull) cuts down on the attractiveness of the offer substantially. It's the prime reason why I don't take advantage of these offers.

BTW: A 8% annual return is not unreasonable for a mix of stocks/bonds over a longer term. As an example, the Vanguard Wellington Fund brought 9.9% over 5 years, 7% over 10 years.

  Why would they do a credit check for a checking account?

They may offer a line of credit, such as Overdraft protection, for example. Many banks only do a soft pull. Some do a hard pull. Without knowing ahead of time, it's not worth it. I'd rather use the credit pull for a credit card that gives $300+ untaxed bonus without all the hassles & hoops that these accounts require.

rated:
canoeguy1 said:   
sb02 said:   
canoeguy1 said:   
docjoo said:   This offer is for no interest accruing checking account , right?
  Would it matter? You'd get at best 0.2% or so if it was an interest checking account. For 30 days, and 15K invested, that's a whole $2.50 (before tax).

The far bigger issue is the opportunity cost. Those $15K could be invested in the market, and at 8% annual return, make $100 in those 30 days. Of course, the market is riskier, but you don't have the hassle of opening/closing accounts, moving the money, a possible hard pull on your credit, arguing with CSR's when you don't get the bonus, etc. That opportunity cost (and chance of hard credit pull) cuts down on the attractiveness of the offer substantially. It's the prime reason why I don't take advantage of these offers.

BTW: A 8% annual return is not unreasonable for a mix of stocks/bonds over a longer term. As an example, the Vanguard Wellington Fund brought 9.9% over 5 years, 7% over 10 years.

  Why would they do a credit check for a checking account?

They may offer a line of credit, such as Overdraft protection, for example. Many banks only do a soft pull. Some do a hard pull. Without knowing ahead of time, it's not worth it. I'd rather use the credit pull for a credit card that gives $300+ untaxed bonus without all the hassles & hoops that these accounts require.


Hmm, interesting. I never thought about the Overdraft protection. Good point. Do you know if there's a way to find out when someone does a soft pull? I've never used one of those credit monitoring services (LifeLock, etc) but I wonder if they report soft pulls. 
 

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sb02 said:   Why would they do a credit check for a checking account?
  Citibank is a softpull.

Also there is a $500 promo if you want to throw in $50K. I am happy with $300 and have the rest to play with other banks.

https://banking.citibank.com/cbol/17/checking/priority/500-offer...
 

rated:
I have found several "new account bonus" promos this just like this one Citibank offers and I have a question for you guys. What are the negatives/consequences if I were to open up 4 - 5 of these new accounts simply to acquire the $200 - $300 sign up bonuses all these banks are offering, and then close the accounts 6 or 7 months after opening to avoid account closure fees? Will I land myself on a black list or anything? Will all the soft pulls look bad on credit report?

Majority of the promos I'm looking at give you a bonus within x days if you make x dollar amount of direct deposits into the new account within x days of opening. All you have to do is stay above minimum balance requirements to avoid monthly fee. I can totally pull something off like this and earn upwards of $1,000 in these sign up bonuses because my employer does not care how many different bank accounts I use for my biweekly direct deposit

rated:
Citi is the most painful bank (along with HSBC) to open accounts. You have to pull your teeth to get their bonuses too! I have spent hours on the phone with them!

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slaughteredpig said:   I have found several "new account bonus" promos this just like this one Citibank offers and I have a question for you guys. What are the negatives/consequences if I were to open up 4 - 5 of these new accounts simply to acquire the $200 - $300 sign up bonuses all these banks are offering, and then close the accounts 6 or 7 months after opening to avoid account closure fees? Will I land myself on a black list or anything? Will all the soft pulls look bad on credit report?

Majority of the promos I'm looking at give you a bonus within x days if you make x dollar amount of direct deposits into the new account within x days of opening. All you have to do is stay above minimum balance requirements to avoid monthly fee. I can totally pull something off like this and earn upwards of $1,000 in these sign up bonuses because my employer does not care how many different bank accounts I use for my biweekly direct deposit

 Promo doesn't require direct deposit and your deposit avoids fees there is no down side as there is no rush to close the account to move to the next deal. I don't understand why people rush to close accounts. I close when moving on to another deal or I have found better use of funds even if it is a shuffle to something that earns interest from something without.
There can be 1 NEGATIVE some banks do a hard pull so too many could alter your credit, depends where your score is and can it take a few points, which will Spring back UNLESS you keep doing promos with hard pulls. I just did a Charles Swab for $100, only needed, if my recall is correct $1000 deposit. Turns out it was a hard pull.....but free $100 

Where could your money make the most?
You want to avoid fees and since most require such high deposits that is a no-brainer, so many qualify to participate.
Direct deposit some can not qualify to swap many times or have to get creative to qualify for the promo.
Good record-keeping is important and document everything, even emails. Last thing, in my opinion, have fun  

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TheBells said:    Promo doesn't require direct deposit and your deposit avoids fees there is no down side as there is no rush to close the account to move to the next deal. I don't understand why people rush to close accounts. I close when moving on to another deal or I have found better use of funds even if it is a shuffle to something that earns interest from something without.
 

  Many promos require that you not be a current customer or have had no account with them in the past x months.
Example: The exact deal in the OP --- if you closed the account after the previous Citi deal of $400 bonus, you could qualify for his as well (no account in last sixty days).
Chase comes up with deals where you should not have had an account in past 90 days. This closing the account promptly has its benefits. It doesnt have to be immediately after everything is done, but dont linger too long.

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