Standard Test Update (2025.11 Update: $425 Offer)
2024.10 Renewal: The new offer is $325 / $425, the required amount of the advanced direct deposit is $3K / $6K. Because Citi’s “Depreicct Deposit” is so easy to make, we recommend everyone to make an offer of $425.
2025.1 Renewal: $450 offer has expired. The current offer is $325.
Program link
Benefits
- $325 / $425 Sign-up Bonus! Please read below about the requirement to get this bonus.
- There is a monthly fee of $15. Please read below how to avoid monthly fees.
- There is no fee for the first termination. You can close your account at any time, but we recommend that you convert your account to the basic banking package to avoid the high balance requirement.
Bonus requirements
- This bonus is only available to new customers. Those who have a checking or savings account, or have closed the account within 365 days are not eligible for this offer. Citi credit card holders are exempt from this offer.
- Application Requirements $325 / Your combined deposit must be $3,000 / $6,000 or more. I will explain what “EDD” is in the next chapter. It is easy to satisfy a need.
What is Direct Deposits (EDD)?
Enhanced Direct Deposits (EDD) is a term coined by Citi, and is different from direct deposit (DD). The Official Definition is:
An EDD is an electronic deposit through the Automated Clearing House (“ACH”) Network of payers, pensions, social security, government benefits and other benefits into your checking or savings account. Advanced direct deposit and includes all deposits through zelle® And some P2P payments where done via ACH using providers like venmo or paypal. Teller deposits, cash deposits, wire transfers, transfers between citibank accounts, ATM deposits and mobile deposits, and P2P payments using direct deposit.
Therefore, the following methods are all counted in EDD: Zelle, Venmo, Paypal, and standard ACH transfers. So it is very easy to satisfy the requirement.
How to avoid monthly fees (Meet any of the requirements below)
- At least $250 advanced deposit (EDD) each month.
Separate Citi checking accounts
Here is a comparison and difference from the official website.
To put it briefly
Acceptable offers are very easy to find, so it’s worth opening. This account is also a basic Citi checking account that can be a great way to downsize.
Program link
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