Cit Bank Bonus: Earn Up to $325

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If you're looking for a way to earn some extra cash, you're in luck because Cit Bank offers a bonus that can pay up to $325.

The bonus is available for new customers who open a Cit Bank account and meet certain requirements.

To qualify, you'll need to open a new Cit Bank account, make a minimum deposit, and complete a series of qualifying transactions within a specific timeframe.

The bonus amount will depend on the type of account you open and the number of qualifying transactions you complete.

Cit Bank Bonus Details

Citi Bank offers a checking account bonus of up to $325 when you open a checking account with a Relationship Tier and Enhanced Direct Deposit.

You'll need to deposit at least $3,000 via Enhanced Direct Deposit at least twice in 90 days to qualify for the bonus. The bonus will be awarded within 30 days upon successful completion of qualifying activities.

Here are the key details of the CIT Bank Promotions:

You'll need to use new funds to qualify for the bonus, so you can't just move money from a different Citi account.

Up to $325

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If you're looking to earn up to $325, consider opening a Citi checking account with a Relationship Tier and Enhanced Direct Deposit.

To qualify, you'll need to deposit at least $3,000 via Enhanced Direct Deposit at least twice in 90 days.

The bonus value is up to $325, which will be deposited into your account within 30 days upon successful completion of qualifying activities.

The minimum deposit requirement is $3,000, and you'll need to meet this requirement to be eligible for the bonus.

The offer expires on July 7, 2025, so be sure to act before then.

Here are the details:

  • Bonus value: Up to $325
  • Minimum deposit to qualify: $3,000
  • Expiration date: July 7, 2025
  • How to claim: Open an account with a relationship tier and deposit at least $3,000 via Enhanced Direct Deposit at least twice in 90 days.
  • When you’ll get it: Within 30 days upon successful completion of qualifying activities
  • Monthly maintenance fee: See website for details.

Things to Know

You'll need to deposit a minimum balance into your new account and those funds need to be new to Citi, so you can't just move them over from a different Citi account.

Make sure you understand the tax implications of bank bonuses. Bank bonuses are generally considered taxable income by the IRS, so you may receive a tax form from Citi.

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Not all locations are eligible for Citi checking account bonuses, so it's always a good idea to check the fine print before you sign up.

Be aware of the timeline requirements for earning a bonus. Banks usually have requirements about when you need to deposit funds and how long you need to keep it in the account to earn a bonus.

Check the eligibility requirements carefully before opening an account. Citi notes that opening an account doesn't automatically mean you meet eligibility requirements.

Don't forget to check the minimum balance requirements for the account you want. Some Citi accounts can have quite high minimum balance requirements.

Take a look at this: Flex Spending Account Balance

Promotions and Offers

Cit Bank bonus offers are available for new and existing customers, and they can be a great way to save money and earn rewards. You can earn a cash bonus by opening a new checking account and meeting certain requirements.

One of the most popular Cit Bank promotions is the Savings Builder Account, which offers cash bonuses for meeting certain requirements. This account is available to both new and existing customers, and you can earn a bonus by saving a certain amount of money within a specific timeframe.

Paying With Cash
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To earn a cash bonus with Cit Bank, you typically need to open a new account and deposit funds that are new to the bank. You'll then need to maintain a minimum balance in your account for a specified period of time. The bonus amount will be deposited into your account within a certain timeframe after you've completed all the requirements.

Here are some details about the current Cit Bank promotions:

It's worth noting that the bonus amounts and expiration dates may vary depending on the specific promotion and account type. Be sure to check the details of each promotion to see what's available and when it expires.

Account Types and Features

CIT Bank offers a variety of account types and features that can help you manage your finances effectively.

You can open a CIT Bank Savings Connect account with a minimum deposit of $100, and earn 4.00% APY, which is 9x the national average.

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The CIT Bank Savings Connect account also has no monthly maintenance fee and is insured by the FDIC.

The account requires no direct deposit to open, and all balances get the high APY, making it a great option for those who want to earn high interest without any hassle.

If you're looking for a checking account, CIT Bank's eChecking account can be opened with as little as $100 and has no monthly fees or overdraft fees.

With the eChecking account, you can also enjoy up to $30 in bank ATM fees reimbursed per month, making it a great option for those who use ATMs frequently.

Here are some key features of CIT Bank's account types:

Platinum 4.30% Apy

The CIT Bank Platinum Savings account offers a 4.30% APY, but there's a catch: you need to maintain a balance of at least $5,000 to qualify.

You can open the account with a minimum deposit of just $100, and there's no monthly maintenance fee to worry about.

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To get the highest APY, you'll want to keep a balance of $5,000 or more in your account.

Here are the APY rates you can expect, depending on your balance:

One thing to note is that you can fund your account in one deposit or incrementally, as long as you meet the minimum deposit requirement within 30 days.

The account must be open when the bonus is credited, and there's no period of time where you'll be required to maintain the funds.

Builder

The CIT Savings Builder account is designed to help you save money with daily compounding interest and a competitive 1.00% APY. You can earn up to 1.00% APY by maintaining a minimum balance of $25,000 or making at least a $100 minimum deposit every month.

To open a CIT Savings Builder account, you'll need to make a minimum deposit of $100. You can earn a $150 bonus by making a minimum deposit of $25,000, or a $300 bonus by making a deposit of $50,000 or more.

Curious to learn more? Check out: Cit Bank Platinum Savings Minimum Balance

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Here are the details on how to earn the bonuses:

You'll need to fund your account within 15 days of opening the account to qualify for the bonus. Existing CIT Bank customers must maintain a minimum balance of $25,000 for 30 calendar days, while new customers must maintain the minimum balance for at least 90 calendar days.

Money Market 1.55% APY

The CIT Bank Money Market Account is a great option for those looking for a high-yield savings account. It offers a 1.55% APY, which is a solid return on investment.

To open this account, you'll need to make a $100 minimum deposit. There's no monthly maintenance fee to worry about, which is a nice perk.

This account is backed by the Member FDIC, which provides an added layer of security for your deposits.

Here are the key details to consider:

  • APY: 1.55%
  • Minimum Deposit to Open: $100
  • Monthly Maintenance Fee: None
  • FDIC Status: Member FDIC

Business

If you're looking to boost your business finances, consider opening a Citi business checking account. You can earn up to $2,000 with this offer.

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To qualify for the bonus, you'll need to make a minimum deposit of $5,000. This is a significant amount, but it may be worth it for the potential reward.

The offer is only available until July 7, 2025, so be sure to act soon if you're interested. You can find more details on the Citi website.

If you're wondering when you'll receive the bonus, it will be deposited within 30 days from the end of the month in which you complete the requirements.

Here are the details on the bonus offer:

Private Client

The Citigold Private Client account is a great option for those who want to earn a referral bonus. Up to $10,000 can be earned by referring friends and family members with existing Citigold Private Client accounts.

To qualify, clients must have an existing Citigold Private Client account and refer up to 20 new clients. The new clients must open an eligible checking account using the unique referral code or link and keep the account open and in good standing until the referral bonus is paid.

You might enjoy: Private Banking Banks

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The referral bonus is paid within 90 days from the qualified account opening. To receive the bonus, the referrer must be at least 18 years old and have a valid W-9 form.

Here are the key terms and conditions to keep in mind:

  • Bonus value: Up to $10,000
  • Minimum deposit to qualify: None
  • Expiration date: July 23, 2023
  • Annual fee: Varies by account

Benefits and Incentives

With CIT Bank, you can earn a great interest rate on your savings. Their Platinum Savings account offers a 4.30% APY with a balance of $5,000 or more.

You can open a CIT Bank account with just $100, making it accessible to anyone. No direct deposit is required to get started.

Their high interest rates compared to traditional banks are a major perk, allowing you to grow your savings over time. Here are some key benefits:

  • No monthly maintenance fee
  • Member FDIC
  • Remote check deposits

Platinum

The Platinum savings account from CIT Bank offers a range of benefits, including a bonus of up to $300. You can earn this bonus by transferring a one-time deposit of $50,000 or more within 30 days of opening the account.

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To get the highest APY of 4.30%, you'll need to maintain a balance of $5,000 or more in your account. This is a relatively low balance requirement compared to some other savings accounts.

One of the best things about the Platinum savings account is that there's no monthly maintenance fee. This means you can keep your account open without worrying about extra fees.

Here's a breakdown of the bonus amounts and deposit requirements:

Overall, the Platinum savings account from CIT Bank offers a great combination of high interest rates, low fees, and generous bonuses.

What's the Catch?

Free cash may seem like a great deal, but some promotions come with specific limitations that can easily disqualify consumers who don't follow the terms and conditions.

To qualify for a checking bonus, you need to have a checking account in a relationship tier of Everyday Benefits, Citi Priority, Citigold, or Citigold Private Client.

A minimum deposit and balance of at least $30,000 is required to receive a checking bonus, regardless of the relationship tier.

This means that just opening a checking account won't cut it – you need to have a significant amount of money in the account to be eligible for the bonus.

On a similar theme: Southstate Bank Checking Bonus

Compare Credit Cards

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If you're considering switching to Citi, you may want to explore their credit card options. Citi offers a variety of credit cards with different rewards and benefits.

If you're looking for a credit card with a sign-up bonus, Citi may be worth considering. They offer a $1,500 bonus for certain credit cards, which could be a great incentive to switch.

However, if you're on the lookout for a smaller bank with lower fees, you may want to look elsewhere. Citi's fees can be higher than some other banks, so it's worth weighing the pros and cons.

Citi's online and mobile banking options make it easy to manage your credit card account on the go. You can check your balance, make payments, and track your rewards all from your phone or computer.

If you're not sure if Citi is right for you, you can explore other bank options to compare fees and benefits. Citi isn't the only bank with great credit card offers, so do your research before making a decision.

Frequently Asked Questions

What is the Citi bonus for 2024?

For 2024, Citi offers various bonuses, including up to $1500 for Relationship Tier and Citigold Checking Account, $325 for Enhanced Direct Deposit, and up to $500 or 0.625% off for Citi Mortgage Relationship Pricing. Check Citi's website for more details on these offers.

Matthew McKenzie

Lead Writer

Matthew McKenzie is a seasoned writer with a passion for finance and technology. He has honed his skills in crafting engaging content that educates and informs readers on various topics related to the stock market. Matthew's expertise lies in breaking down complex concepts into easily digestible information, making him a sought-after writer in the finance niche.

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