Citi recently launched its new Priority Account, which offers a $500 sign-up bonus and then a $1,500 deposit requirement within the first two months. I’ve been using the account, along with the Citi Prestige card, for about two months now, and I have to say, I’m impressed. Sure, it’s a small amount of money to be spending, but the perks and benefits Citi has rolled out for this account are very promising.

When it comes to offering loans, the only real competitors for Citibank are Chase and Wells Fargo. But while they both offer a relatively competitive mortgage service, the benefits of the Citi Priority Account are more numerous than you might expect.

You’ve always wanted a Citibank credit card, or a Citibank checking account. Now’s your chance to get your hands on one of those things with a nice sign-up bonus. What’s the catch? Don’t worry–there isn’t any. Citi is offering $1,500 with the purchase of an eligible Citibank card or checking account. Just be sure you’re eligible for the offer, which is limited to one per person, and you’ll get the card or checking account within 30 days of applying.

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CNN Underscored assesses the total worth of financial goods such as credit cards and bank accounts. If you apply for and are accepted for an account on this page, we may get a commission from Citi, but our reporting is always impartial and unbiased.

Our immediate thoughts: The Citi Priority checking account comes with a generous incentive of up to $1,500, but there are strict deposit restrictions. However, the account comes with mobile and internet banking, as well as access to Citi’s national network of over 65,000 fee-free ATMs.


  • Maintain a minimum qualifying balance and perform specified activities to earn a cash incentive of $300, $700, or $1,500.
  • Citi offers mobile banking and online bill pay.
  • There are over 65,000 fee-free ATMs in the United States.
  • More bonus money may be earned by referring friends and relatives.


  • To qualify for the bonus, you must make a large new money deposit.
  • To avoid a $30 monthly service charge, qualifying accounts must have an average minimum balance of $50,000.
  • The bonus will be reported to the IRS as interest to the account’s original signer.

Best for: People with a high net worth who have a big stockpile of cash to park someplace and want to receive a significant bonus for establishing a new checking account, as well as those who desire fee-free ATM access virtually everywhere in the nation.

When you establish a new Citi Priority checking account, you may earn up to $1,500 in cash incentives.

The Citi Priority account is worth considering if you have a large sum of money and are searching for a new checking account with a high incentive. You may receive a cash bonus of $300, $700, or $1,500 right now, until October 4, 2021, if you maintain a minimum qualifying balance and perform specified activities.

The incentive is based on how much money you deposit from a non-Citi account during the first 30 days of establishing a Citi Priority checking account. This is how it’s broken down:

Your Citi Priority bonus amount will depend on how much new money you deposit and maintain in the account.


The amount of your Citi Priority bonus is determined by how much fresh money you deposit and keep in your account.

Individuals are hefty deposit requirements to achieve, but they are achievable for those willing to transfer their emergency savings to Citi as well as those saving for a major purchase. The first bonus tier, worth $300, needs just a $15,000 new money deposit during the first 20 days.

To be eligible for the bonus, you must keep your balance for at least 60 calendar days after depositing it. However, unless you maintain at least $50,000 in qualifying linked Citi deposit, retirement, and investment accounts after the first offer period, the account levies a $30 monthly fee, so you’ll need to plan on maintaining at least that much in your accounts for the long term to avoid being charged.

Open a new Citi Priority checking account for a chance to win $1,500 in cash.

The greatest benefit of establishing a Citi Priority checking account is the possible bonus cash of up to $1,500. To qualify, you’ll need to deposit a substantial sum of fresh money into the account, but you’ll see a return on those funds rather soon, after which you may decide whether or not to keep the account.

Another advantage of the Citi Priority account is its extensive ATM network, which includes 65,000 fee-free ATMs throughout the country. Citi has a large global presence, with over 2,600 branches in 19 countries, including over 700 in the United States, for individuals who still want to bank in person. While the bank’s ATMs are widely distributed, its branches are concentrated in just a few states.

With 65,000 fee-free ATMs, you'll have no problems accessing your money from a Citi Priority checking account.


You’ll have no trouble accessing your money from a Citi Priority checking account thanks to 65,000 fee-free ATMs.

Even if you don’t have access to a branch, the Citi Priority account gives you quick access to Citi’s mobile banking services, such as online bill pay. Citi also offers a referral program that allows you to earn extra money by referring friends to the bank and having them create a new account.

Finally, Citi Priority comes with a number of exclusive travel and banking privileges. Stop payments, inbound wire transfers, money orders, and other costs are waived for account holders. Purchases done with the Citi Priority debit card are likewise free of international transaction fees.

With a new Citi Priority account, you’ll have access to over 65,000 fee-free ATMs.

With a new Citi Priority account, you’ll have access to over 65,000 fee-free ATMs.

If you choose to pay the monthly fees on a regular basis, the bonus you received for establishing the account will be rapidly depleted. In fact, if you pay $30 each month, you’ll owe $300 in fees in only ten months, so you’ll either need to maintain enough money in your qualifying Citi accounts to avoid the cost or make a quick judgment on whether the account is worth it.

This offer’s small print is also a little stifling. For example, the terms and conditions say that “your Maximum Bonus will alter if your Balance falls into a lower Balance Tier for even one day during the Maintenance Period.” As a result, you must be very cautious not to fall below the barrier for the first 60 days after depositing the funds.

Also, according to the terms, the cash bonus is paid within 90 calendar days after you complete all required activities, which means you could be committed to this account for up to 180 days, since you have up to 30 days to deposit the money, then another 60 days to maintain it, and then another 90 days to receive the bonus.

Finally, keep in mind that this checking bonus will need to be recorded on your tax return as interest income. When compared to credit card rewards, which are usually regarded a rebate and therefore aren’t included when computing income taxes, it’s a bit less beneficial.

How to Choose the Best Checking Account is a related topic.

The Citi Priority account is worth considering if you’re searching for a new checking account and have at least $15,000 in the bank that you can maintain on deposit for at least a few months. Just keep in mind that if you want to avoid a $30 monthly account charge, you’ll need to have at least $50,000 in your qualifying Citi accounts once you get the bonus.

These are significant criteria to fulfill, and bear in mind that many alternative bonus checking accounts have lower minimum deposit requirements. Make sure the offer is worth pursuing and that you can easily fulfill the criteria to receive it before you create a new account.

Learn more about the Citi Priority account and how you may receive a bonus of up to $1,500.

CNN Underscored Money has the most up-to-date personal financial offers, news, and advice.

Many people want to have a high credit score, but few are able to get one. As a result, they may choose to skip applying for a credit card that has a high limit. However, that means they miss out on the benefits that come with a good credit score. For example, a Citi Priority account that is open on the cardholder’s account will have a $1,500 sign-up bonus.. Read more about citibank savings account bonus 2021 and let us know what you think.

Frequently Asked Questions

Does Citibank offer sign on bonus?

Citibank offers sign on bonus, but it is not a high one.

How do I get 700 from Citibank?

You can get 700 from Citibank by opening an account with them.

How do I qualify for Citi priority?

To qualify for Citi priority, you must have a Citibank checking account with direct deposit.

This article broadly covered the following related topics:

  • citibank account package
  • citi priority account package
  • citi account package
  • new citibank checking account $200 bonus
  • citi priority review
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