Citibank Basic Banking Account Package

Traditional banking solution that might turn rewarding.

Lots of unique Citibank's perks.

A few extras for those aged 62+.

securely on the bank's website

If you'd like to open a simple checking account, and maybe add a money market account or a savings account with the potential to earn interest, the Citibank Basic Banking Account Package might be a good solution.

The Citibank Basic Banking Package is just what it says: a basic banking solution offering the most basic of banking benefits, such as digital banking, with a mobile app and mobile wallet, unlimited check writing, free in-network ATM access, and several money transfer options.

The Basic Banking Package could be a suitable options for citizens aged 62 or more, because there's a few special perks offered exclusively to seniors.

If you can meet the not-so-demanding conditions to have the $12 monthly fee waived on this banking package, then it might be worthwhile. Otherwise, and especially since no particular perks are included that make the banking offer stand out, you might want to shop some more - either with Citibank or a totally different bank.

Checking account details

Checking account fees

  • Monthly Fee
    $12 (can be waived)
  • APY
    1.10%*
  • Minimum Deposit to Open
    $0
  • Out-of-Network ATM Transaction Fee
    $2.50
  • Out-of-Network ATM Withdrawal Fee
    $2.50
  • Overdraft Fee
    $34
  • Non-Sufficient Funds Fee
    $34
  • Foreign Transaction Fee
    n/a

Citibank Basic Banking Account Package FAQ

1. What is the minimum balance for Citibank Basic Banking?

There is no minimum monthly balance required with Citibank Basic Banking Account Package to either open or maintain the account. However, if you want to have the $12 monthly fee waived, you need to keep at least $1,500 in your linked deposit accounts.

2. What are qualifying direct deposits and bill payments?

Citibank will waive the $12 monthly fee on Basic Banking if you meet the bank's conditions, that is, if you have 1 qualifying direct deposit to a Regular Checking, Savings or Money Market account
in a Basic Banking Package, and 1 qualifying bill payment to a Regular Checking account in your Basic Banking Package during the statement period.

Qualifying direct deposits include ACH credits, such as payroll, pension or government payments (Social Security, for example), made by your employer or other organization.

Qualifying bill payments are any bill payments you make through CitiPhone Banking®, Citibank® Online, CitiBusiness® Online, and Citi Mobile®. Qualifying Bill Payments do not include payments made by check or internal transfer payments made to accounts of Citibank or its affiliates.

3. What are the benefits for seniors with Citibank Basic Banking Package?

If you are 62 or older, you'll enjoy special perks with the Citibank Basic Banking Package.

For example, you'll have the monthly fee waived regardless of your balance. Citi will also waive all Citi fees for using non-Citi ATMs.

4. What kind of accounts can I include in my Citibank Basic Banking Package?

Your Citibank Basic Banking Package can consist of a Regular Checking account, savings or money market account. You can include only 1 Regular Checking account in this package.

5. What is Citibank's Basic Savings?

If you open a Citibank Basic Banking package with a savings account or money market account only - without the Regular Checking, it is called "Basic Savings". The Basic Savings comes with a $4.50 monthly fee, which can be waived if you meet Citibank's requirements, that is, if you keep $500+ in your balance.

6. How much can I withdraw from my Citibank Basic Banking Checking?

You can withdraw $1,000 per Citibank Banking Card, per business day from your Citibank Basic Banking Package.

As far as PIN and signature-based purchases are concerned, the limit is set to $5,000 per business day for each.

Using Citibank® Global Transfer services for account-to-account money transfers, the limits are as follow:

  • Citibank Online: $1,000,
  • Citi Mobile®: $5,000,
  • Citibank ATM: $3,000,
  • Weekly Limit: $10,000.
7. Can I earn interest on my Regular Checking Account balance?

No, Citibank's Regular Checking doesn't earn you interest. You can, however, open a savings or money market account, and have it linked to your Basic Banking Package in order to earn interest.

8. Where can I find a Citibank ATM or branch?

You can find a Citibank ATM or local branch on Citibank's website.

9. What are the current interest rates on the Citibank Accelerate Savings?

Currently, the interest rates for the Citibank Accelerate Savings are set to 1.10%.

If you want to open a Citibank Accelerate Savings account, and earn interest on your balance, you should know you can only open the account if you live in any of the following locations: AA, AE, AK, AL, AP, AR, AS, AZ, CO, DE, GA, GU, HI, IA, ID, IN, KS, KY, LA, MA, ME, MI, MN, MO, MP, MS, MT, NC, ND, NE, NH, NM, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VI, VT, WA, WI, WV, WY, and select locations in Florida and Illinois.

10. What is Citi Entertainment® that comes with my Citibank Basic Banking Package?

Citi Entertainment® is an exclusive entertainment program available to Citibank's customers with a Citi® credit card or Citibank® Debit Card. It offers Citibank's customers access to numerous events, presale tickets, concerts, sporting events, dining experiences, and more.

While everyone can view the offers on the Citi Entertainment® website, one must use a Citi® credit card or a Citibank® debit card to purchase tickets.

Check out other Citibank checking account offers
Bank Monthly Service Charge Minimum Deposit to Open APY
Citibank The Citibank Account Package $25 $0 0.01% / 1.10%
Citibank Citi Elevate℠ Account Package $15 (can be waived) $0 0.20% - 0.60% / 1.10%
Citibank Citigold® Account Package $0 $0 0.05% / 1.10%
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