Citibank is among the world’s largest financial institutions, with well over $1 trillion in assets. It offers a comprehensive selection of banking products.
As one of the largest banks on earth, Citibank offers unique advantages that come with scale, including global coverage in terms of branches and ATMs.
Citi’s online banking portal is very well regarded, offering excellent ease of use, a very good mobile banking app and other financial management apps.
A variety of customizable alerts help you manage your accounts.
The yields offered on deposit products are among the lowest nationally available rates.
Citi’s banking service packages charge monthly fees if accounts fall below minimum balance thresholds.
For all savings accounts, a $100 account minimum opening balance is required.
When you bank with a big bank, you expect access and Citibank doesn’t disappoint. Customers have access to more than 65,000 surcharge-free ATMs nationwide. They also can call a human customer service agent 24 hours a day, seven days a week.
Moreover, Citi’s mobile banking app experience stands out on a few fronts. Most notably, non-bank customers can use Citi’s mobile banking app to aggregate financial data from their disparate accounts and get spending insights. In other words, anybody can get a Mint-like experience through Citi — without having to sign up for an account. Customers of the bank can also use the app to pay friends with Zelle, lock or unlock a card when it’s lost or stolen and even open a checking or savings account through the app.
Citibank’s roots stretch back to the City Bank of New York, which was established in 1812. By the late 19th century, it had grown into National City Bank, the largest financial institution in the United States at that time. The bank changed its name to Citibank in 1976 moved to its current headquarters in Sioux Falls, South Dakota in 2011.
Citibank is the retail banking subsidiary of the multinational financial services company, Citigroup. There are around 700 Citibank branches in the U.S. and more than 1,800 overseas. Account holders have access to more than 65,000 fee-free ATMs in the U.S. and thousands more overseas.
Customers are offered five tiers of banking service packages — access account, basic banking, the Citibank account, Citi priority, and Citigold — with APYs and fees depending on their combined average account balances. Customers may link their checking, savings and retirement accounts to factor their average account balances.