Earn up to $1,500 in Bonuses

by: Nicole Spector | November 15, 2021
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Fast: Citi® Preferred Account is a premium checking account that offers new account holders the opportunity to earn bonuses of up to $1,500 for meeting the minimum deposit and minimum balance requirements during the eligibility period.


  • Bonus up to $1,500 for meeting the required activities
  • Option to earn interest on checking balance
  • Over 65,000 free ATMs and no Citi charges for off-network ATM usage
  • Special rates and rates for select Citi products and services
  • Eligibility for Citi ThankYou Rewards


  • High minimum deposit requirement and minimum balance to earn bonus
  • A $30 service fee applies if the combined average monthly balance of $50,000 is not met

Who is the Citi Priority account best suited for?

NS Citi® Preferred Account is a premium bank account that offers world-class banking and wealth management services. Its high deposit requirements and minimum balance make it best for the following groups of people:

  • Those who have at least $15,000 to hoard in this account to earn a minimum cash bonus of $300 and plan to close the account after the required 90-day period. (Closing the account after the required period will help to avoid the cancellation of the $300 bonus due to a recurring $30 monthly service fee).
  • Those with at least $50,000 to deposit in the account for up to 90 days, or those who already have a Citi deposit, retirement and other investment account to help meet the $50,000 minimum deposit for exemptions. $30 monthly service fee.

Learn more about Citi® Preferred Account and how to earn up to $1,500 bonus.

Citi Preferred Account Overview

NS Citi® Preferred Account offers many account benefits and services, but its bonus opportunities are the biggest attraction.

The more you deposit into your new Citi Preferred Account, the more cash bonuses you can earn – up to $1,500. But the minimum balance requirement to earn the top level bonus is very high. Here is the cash bonus structure in the following table:

Citi Priority Checking Bonus Tier

Minimum Deposit & Minimum Balance Cash bonus amount
$15,000-$49,999 $300
$50,000-$199,999 $700
$200,000 or more 1,500 dollars

To earn each bonus, you must meet some additional requirements beyond the minimum deposit and balance. For example, if you deposit at least $15,000 in Citi® Preferred Account within 20 days of account opening and you maintain that balance for at least 60 additional days after the first 20 day period, you can earn a $300 bonus. If you have at least $50,000 to keep depositing and meet the requirements, you can earn a bonus of $700. However, to earn the $1,500 cash bonus, you must maintain a minimum balance of $200,000 and meet the requirements. Your 20th day balance will determine your maximum eligible cash reward.

Here is a summary of the advantages and disadvantages of Citi® Preferred Account to help you decide if it’s right for you.

Advantages of Citi Priority Account

Besides the potential to win a $300, $700 or $1,500 cash bonus, Citi® Preferred Account there are other advantages.

For example, the bank offers more than 65,000 free ATMs worldwide. And if you happen to be using a non-Citi ATM, you won’t have to pay any Citi fees. Also, if you want to visit a branch, the bank offers about 700 locations in the United States. However, if you don’t live near a branch, you can still check your account, pay your bills and more with Citi’s online banking. Alternatively, you can use the Citi Mobile app to deposit checks on the go.

The account also offers a range of banking and wealth management services, including the following:

  • Interest check option
  • More than 65,000 free ATMs
  • No Citi fee when using an off-network ATM
  • Priority pricing and rates on certain products and services
  • Access to Citi Preferred Advisor
  • Eligible for Citi Thank You Rewards
  • Access investment guides and resources
  • Travel and global interests

Get access to over 65,000 free ATMs with Citi® Preferred Account

Disadvantages of Citi Priority Account

As with any checking account, this account has its limitations. Here’s what you need to consider.

While there are about 700 Citi branch locations in the US, you’ll only find them in 11 states and Washington, DC, which is a disadvantage if you want to visit your bank branch in person.

Additionally, the account has a $30 monthly service fee if you don’t maintain a balance of at least $50,000 – in a checking account or on other qualifying Citi retirement, investment or deposit accounts.

And if your balance falls below $15,000 in the 60 days after the first 20 days of account opening (also known as the balance maintenance period), you will no longer be eligible for the maximum cash bonus. minimum is 300 dollars.

Is Citi Preferred Account Right for You?

NS Citi® Preferred Account offers a range of banking and wealth management services that many will find worthwhile. However, if you don’t live near a Citi branch, you’ll have to be content to do your banking tasks online or through the mobile app.

Additionally, the account is reserved for those with at least $15,000 in cash to deposit. And if you want to avoid the account’s $30 service charge per month, you’ll have to maintain a minimum balance of $50,000.

If you can meet the minimum balance requirement of $50,000 to avoid service fees and you can maintain that balance for the required period of time, you will be eligible to earn a $700 bonus la. However, to earn the maximum bonus of $1,500, you will have to meet the $200,000 minimum balance requirement.

Learn more about Citi® Preferred Account and how to earn up to $1,500 bonus.

Editor’s Disclaimer: The opinions expressed here are those of the author alone, not those of any bank, credit card company, airline or hotel chain. and has not been reviewed, approved, or endorsed by any of these organizations.

Note: While the offers mentioned above were accurate at the time of publication, they are subject to change at any time and may or may not be available anymore.


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