The stipulations and fine print make it difficult to receive the touted rewards in Citibank’s different checking accounts. Plus, Citibank claims a tiered system for interest rates, but a closer look shows an early cap. To read more, visit our Citibank Checking page.

When it comes to checking accounts at Citibank, there are two popular accounts offered, although neither really has any great features attached to them.  The first account offered is a basic checking account.  While there is no minimum opening deposit requirement for this account, in order to avoid paying an $8 monthly maintenance fee one must complete a list of five things such as direct deposit, a debit card purchase, a cash withdrawal from a Citibank ATM, and so on.  It is simply a hassle to be able to have to figure out if you have done certain things each month to avoid paying a fee.  Along with this there is also a $2 fee for using an ATM that is not related to Citibank.  The second account offered is the Citibank account, which requires a $100 minimum opening deposit.  One must have at least a $6,000 monthly minimum balance in order to avoid paying a $20 monthly maintenance fee.  The only thing that is special about the account is that it offers an interest rate.  However, the interest rate is only 0.01%, so it is really not worth it at all to consider putting funds into either checking account.  Both accounts are FDIC insured up to $250,000 with the latter account’s interest being compounded daily and credited monthly.