You don’t need to make an opening deposit with Citi’s Basic Banking Package Simple Checking account.
The monthly service fee ($12) is waived for those 62 or older who are the primary account owner. So this might be a good option for people in that age group. Primary account owner’s 62 and older also will have Citi’s fee to use an out-of-network ATM waived too. But the other ATM might charge those users.
Checking account customers can earn ThankYou points by using an eligible checking account and having a qualifying direct deposit and a qualifying bill payment made every monthly statement cycle.
Citi Priority Account Package offers tiered-interest rates with Interest Checking. There’s no minimum balance to open the account, but a combined average monthly balance of $50,000 must be maintained to avoid the $30 monthly service fee. Account holders can use Citibank and outside-network ATMs for free.
Other options include Interest Checking through the Citibank Account Package (requires $10,000 in combined average monthly balances to waive a $25 monthly fee) and Citigold Interest Checking, available with balances of at least $200,000.
You don’t need to make an opening deposit for the Basic Banking account.
A direct deposit and a bill pay are easy ways to waive the Basic Banking account’s monthly maintenance fee.
All balances earn interest with tiered rates on the Interest Checking account.
Free use of outside network ATMs.
The basic banking account has a $12 maintenance fee.
Citibank customers are charged $34 for insufficient funds, up to $136 per day. That’s a little above the average fee of $33.47.