[YMMV, In Branch] Citibank Business Up To $2,000 Checking Bonus

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Update 1/28/21: Deal is back and valid until 3/31/21. Hat tip to reader EW

Offer at a glance

  • Maximum bonus amount: $2,000
  • Availability: Must open in branch [Branch locator]
  • Direct deposit required: No
  • Additional requirements: Deposit up to $200,000
  • Hard/soft pull: Soft pull
  • ChexSystems: Unknown
  • Credit card funding: None
  • Monthly fees: $15, avoidable
  • Early account termination fee: None
  • Household limit: None listed
  • Expiration date: December 31st, 2019

The Offer

 No direct link, being offered in branch

  • Citibank Business is offering a bonus of up to $2,000 when you open a new business checking account. The bonus you receive depends on how much you deposit, balance must be maintained for 60 calendar days after deposit.
    • Receive a $200 bonus with a $5,000 deposit
    • Receive a $500 bonus with a $15,000 deposit
    • Receive a $700 bonus with a $25,000 deposit
    • Receive a $1,000 bonus with a $50,000 deposit
    • Receive a $1,500 bonus with a $100,000 deposit
    • Receive a $2,000 bonus with a $200,000 deposit

The Fine Print

  • All bank account bonuses are treated as income/interest and as such you have to pay taxes on them

Avoiding Fees

Monthly Fees

The easiest account to keep fee free is the CitiBusiness®Streamlined Checking Account, this has a monthly fee of $15 and is waived have an average monthly balance of $5,000 or more.

Early Account Termination Fee

There is no early account termination fee to worry about.

Our Verdict

Reader Jay was able to get this offer just by going into a branch and asking if they had any current promotions for opening a new account. Entirely possible it won’t be available in all/most branches, but feel free to share your data points in the comments below. Similar to a previous targeted bonus, with higher tiers available as well. The return gets worse as the bonus increases as unfortunately.

Useful posts regarding bank bonuses:

Post history:

  • Update 9/23/20: Deal is back and valid until 1/5/2021. Hat tip to reader KJ Z
  • Update 1/10/2020: Deal has been extended to March 31st, 2020 as per reader B





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