Citi is one of the largest global banks with more than 200 million customer accounts. It operates in more than 160 countries. One of the so-called Big Four of the U.S. banking industry, Citi has assets of nearly $2 trillion making it the third largest U.S. bank in terms of asset size.
The company’s history goes all the way back to the 18th century, when its predecessor the City Bank of New York was established. Several decades later, it became the National City Bank of New York which had the distinction of being the first major bank in the United States with a foreign department.
Citi offers a wide range of financial products and services like consumer banking, corporate banking, securities brokerage, wealth management, and transaction services. It not only caters to retail clients but also corporations and governments.
Below are the latest Citibank fees.
|Monthly Inactivity ||$0.00|
|Non-Sufficient Fund (Overdraft) ||$36.00
|Stop Payment item ||$33.00|
|Return Deposit ||$36.00
|Domestic Wire Transfer (Outbound) ||$25.00
|Domestic Wire Transfer (Inbound) ||$15.00
|Non-Bank ATM ||$0.00|
Bank Rates (Interest Checking Account)
|Min to Earn Apy||$1.00|
Bank Rates (Savings)
|Day-To-Day Savings ($0.00 Minimum) ||0.05%
|Savings Plus Account ($0.00 Minimun)||0.05%|
|Savings Plus Account ($10,000 Minimum)||0.15%|
|Savings Plus Account ($25,000 Minimum)||0.20%|
|Savings Plus Account ($100,000 Minimum)||0.25%|
|Savings Plus Account ($500,000 Minimum)||0.25%|
Citi has a lot of credit cards that clients can choose from. This is not surprising since the bank is the largest credit card issuer in the world with more than 140 million accounts and $365 billion in yearly purchase sales.
The Simplicity Credit Card has no annual fee and does not charge on balance transfers and purchases for a year and a half. The Citi Double Cash Card, meanwhile, allows card holders to earn cash back on every purchase they make using the credit card.
There are four Thank You credit cards offered by Citi, and card holders can earn bonus points once they reach a certain amount of purchases.
Small Business Banking
Citi lends to small businesses, or those firms with annual sales of $5 million below. Financing is extended through two methods. One is through a Citi Business Credit Account, a line of credit that business owners can use during emergencies like when an unexpected expense suddenly arises. The said line of credit allows business owners or managers to better manage their account receivables and build their inventories.
Citi also has business credit cards that allow business owners to gain access to short-term funding for their business funding needs.
Aside from providing funds, Citi also helps entrepreneurs to run their business more efficiently particularly in keeping track of their finances. The bank offers everyday checking accounts, savings products, and business credit cards.
Citi serves a wide range of consumer banking needs from checking and savings account to loans to wealth management advisory.
Citi has the basic checking account, the Citibank account which requires a balance of $15,000 but entitles the client to free-use of non-Citi ATMs, as well as earn rewards. Citi also has the Citigold account package which gives the customer highest level of rewards points. Citigold account holders also benefit from preferred rates and pricing on select banking products and services.
For savings accounts, Citi has the day-to-day savings account which has a low minimum opening deposit and the Savings Plus account which gives higher rates and entitles the account holder to a free automatic savings plan called Auto Save. Savings Plus account holders can also access their account anytime.