Citibank’s Bank Account Offers
Citi bank offers a number of products and services, one among them is the online banking product. A main advantage of online banking is convenience and the easy access it provides to customers.
Online banking is a very convenient product and can be used on a day to day basis. It is easy to log onto your account and manage it – all you need is an internet connection. The best part of being online with your bank account is that you can do almost everything while on the move, even check your balance if required, or transfer money from one account to another without too much hassle.
The main benefits of Citi bank’s online banking are convenience, ease and security. Online banking makes it easy for you to do your banking on the computer or mobile phone. You access your account from any device that has internet access
Citibank Savings Accounts
These accounts are also known as passbook savings account. In this account, customers can make deposits either in person or through mail by providing details of their passbook. They secure fund up to $250, 000 and earn a competitive interest rate. The customers are required to keep a minimum balance of $100. The funds that are on this account can be used online and in person at the bank.
Citibank Savings Account Interest Rate
3.1% on balance up to $250,000 and 1.25% on balance over $250,000. There is no minimum balance required to earn interest. However, the customers must maintain a minimum of $100 in their account to receive the interest earned. Citibank Savings Account Minimum Balance
$10, 000 -in person or online you can deposit funds up to $250, 000- earn a competitive rate of 3.1% on balance up to $250, 000 and 1.25% on balance over $250, 000. There is no minimum balance required to earn interest. However, the customers must maintain a minimum of $100 in their account to receive the interest earned. Citibank Savings Account Maintenance Charges
$10 per day for maintaining a minimum balance of $100. Citibank Savings Account Withdrawal Charges
$10 per withdrawal. Citibank Savings Account Additional Charge
$10 monthly service charge on balance over $250, 000. Citibank Savings Account Conditions of Use
Citibank Checking Accounts
This account is used to deposit checks into customers bank account. Customers are required to quote their name and number at the time of deposit and make sure the amount is verified by them before depositing into the bank. The customers can use these accounts as a savings account where they can lock in funds up to $500, 000 for personal or business purpose. The account carries a competitive interest rate and provides customers with easy access to the funds.
Most Citibank checking accounts come with a set of features that can be used by the customers to manage their account. Many of these features improve on the convenience and flexibility customers get with a standard account. Some of these useful features are:
Citibank offers its basic banking services such as deposit, withdraw, transfer and online savings.
1. Security-lock feature which enrolls the customers with a personal identification number (PIN) and digital signature which are used to protect the customer from unauthorized access to their funds. The customers can use their personal information in depositing into their account for direct transfers and online payments.
2. A stop payment authorization feature is available that allows the customers to pay back part of their loan or credit card debt by informing Citibank of the transaction once it has been made.
3. An overdraft protection feature that allows the customers to transfer funds from one account to another when short on cash. The debt will automatically be paid back once the customer receives more money.