With the possibility to choose which accounts to include, this high-yield checking package should be your choice if you're looking to earn interest on your daily balance, and enjoy a range of benefits Citibank offers to its customers!
The Citibank Citi Elevate℠ Account Package is a digital-only banking package offering many characteristic, unique Citibank perks, such as top-notch digital banking and money management tools, free ATM access worldwide, proprietary Identity Theft solutions, Auto Save, access to an exclusive set of events, presale tickets, and more.
What we like about this checking package is that you'll get unlimited non-Citibank ATM fee reimbursements - whatever fee you may be charged by other institutions for use of their ATMs will be reimbursed at the end of each eligible statement period. This means you can access your funds at any ATM, without incurring any fees at all. If you're in frequent need of cash, and move around a lot, you won't have to look for Citibank's ATM to avoid unnecessary ATM fees. That said, Citi has a large ATM network, so you wouldn't have any issues locating their ATMs anyway.
Another particular advantage of the Citibank Citi Elevate℠ Account Package is that it is an interest-bearing package, so you can earn interest on your balance, without your ever doing anything. Depending on whether you choose to open a Citibank Citi Elevate℠ Account Package with an interest checking or a Citibank Citi Elevate℠ Account Package with a Citi Accelerate Savings, you'll earn 0.20% - 0.60% or 1.10%, respectively.
Do note the Citi Accelerate Savings is only available in select markets, namely to applicants residing in one of the following states: 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 markets in Florida and Illinois.
Overall, this is a great checking account package, with two minor flaws. First, it's only available in certain locations (see FAQ). Second, the package isn't eligible to earn rewards through Citi ThankYou Program. Otherwise, it's definitely worth considering!
Checking account details
- Monthly fee can be waived if you keep a monthly average balance of $5,000+ in your checking account.
- The Citibank® Debit Card.
- Online and Mobile Banking, with Online Bill Pay, Citi Mobile® app, and Mobile Wallet.
- Send money with Zelle®.
- Free access to 60,000 ATMs throughout the U.S.
- Unlimited out-of-network ATM fee reimbursements.
- Citi® Identity Theft Solutions.
- Citi EntertainmentSM.
Checking account fees
Monthly Fee$15 (can be waived)
APY0.20% - 0.60% / 1.10%
Minimum Deposit to Open$0
Out-of-Network ATM Transaction Fee$0
Out-of-Network ATM Withdrawal Fee$0
Non-Sufficient Funds Fee$34
Foreign Transaction Feen/a
Citibank Citi Elevate℠ Account Package FAQ
You can apply for a Citibank Citi Elevate℠ Account Package if you live in any of the following locations: Armed Forces America, U.S. Armed Forces — Europe, Alaska, Alabama, U.S. Armed Forces — Pacific, Arkansas, American Samoa, Arizona, Colorado, Delaware, Georgia, Guam, Hawaii, Iowa, Idaho, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Minnesota, Missouri, Northern Mariana Islands, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virgin Islands, Vermont, Washington, Wisconsin, West Virginia, Wyoming, and select markets in Florida and Illinois.
You can only apply for the Citibank Citi Elevate Checking Account Package online.
To apply, you must be an 18+ U.S. citizen or resident, and have an address in one of the locations mentioned above.
You'll be asked to provide your full name, date of birth, Social Security Number, address, email, and phone number. A valid ID is required, in addition to employment and income information.
Before you start completing the form, you'll be asked to choose whether you'd like to open an interest-bearing checking account or Citi Accelerate Savings or both checking and savings accounts.
If you open a Citibank Citi Elevate℠ Account Package with only a Citi Accelerate Savings account, you will:
- Pay a $4.50 monthly fee, unless you keep a daily balance of at least $500,
- Pay a $2.50 out-of-network ATM fee, without any other-bank ATM and ATM-service-provider fees reimbursed.
You can include some of the following account types in your Citibank Citi Elevate℠ Account Package:
- Deposits: Interest Checking, Savings accounts, Money Market accounts, Certificates of Deposit,
- Retirement Accounts: IRAs and Roth IRAs, Citigroup Global Markets Inc. (CGMI) IRAs, and Roth IRAs,
- Investments: Investments held in your Linked Citigroup Global Markets Inc. (CGMI) Accounts, and annuity positions shown on Linked CGMI Account Statements.
Just like any checking account offer, the Citibank Citi Elevate℠ Account Package also comes with a number of withdrawal limits:
- ATM withdrawal limits: $1,000 per Citibank® Banking Card, per business day.
- PIN and signature-based purchases:
- Signature Based Purchase Limit: $5,000 per account per business day.
- PIN Based Purchase Limit: $5,000 per account per business day.
- Citibank® Global Transfer Service limits for account-to-account transfers:
- Citibank Online: $1,000
- Citi Mobile®: $5,000
- Proprietary Citibank ATM: $3,000
- Weekly Limit: $10,000
Your Citibank Citi Elevate℠ Account Package is a "digital" banking package, meaning that, when you open one, you agree to receive your monthly statements, as well as all other legal notices, and communications, electronically instead of through the U.S. mail.
To view your monthly statements, and any legal notices or communications Citibank might send you, you need to register for online access through Citi® Online or the Citi Mobile® App.
No, with a Citibank Citi Elevate℠ Account Package, you give your consent to go paperless, and receive all other correspondence through digital banking. You cannot withdraw it, but what you can do is transfer your account, as well as any other linked account to a different account package, where you'll be able to chose to receive your documents through the U.S. mail.
No, unfortunately, with the Citibank Citi Elevate℠ Account Package, you cannot participate in the Citi ThankYou Rewards program. Eligible are only the Citibank Account, Citi Priority and Citigold Account packages or Citi Private Bank Accounts.
You can use free Citi® Financial Tools to better track, manage, and analyze your finances, get reports, create budgets, and keep all your Citi and non-Citi accounts in one place.
You'll be able to track your spending, set up email budget alerts for recurring bills, and other expenses, view your cash flow, make savings plans, and use a range of other tools that will help you gain better control of your finances.
These tools include:
- Income Analysis,
- Goal Tracker,
- Net Worth,
- Investment Holdings,
- Bill Reminder.
You can apply online or call Citibank at 1-800-374-9700 (TTY 1-800-788-0002) to learn more and apply.