Greetings, Readers
Welcome to our comprehensive guide on the Citi Basic Banking monthly fee. This article will provide you with all the essential information you need to know about this fee, including how to avoid it and what other options are available.
Understanding the Citi Basic Banking Monthly Fee
The Citi Basic Banking monthly fee is a $12 monthly charge for customers who do not meet certain requirements. These requirements include:
- Maintaining a minimum balance of $1,500
- Making at least one direct deposit per month
- Using your Citi Debit Card for 10 or more transactions per month
If you do not meet any of these requirements, you will be charged the $12 monthly fee.
Ways to Avoid the Citi Basic Banking Monthly Fee
There are several ways to avoid the Citi Basic Banking monthly fee:
Maintain a Minimum Balance
The easiest way to avoid the monthly fee is to maintain a minimum balance of $1,500 in your account. This can be done by setting up direct deposits from your paycheck or other sources.
Make Direct Deposits
Another way to avoid the monthly fee is to make at least one direct deposit per month. This can be done by setting up direct deposit from your paycheck, government benefits, or other sources.
Use Your Citi Debit Card
You can also avoid the monthly fee by using your Citi Debit Card for 10 or more transactions per month. This can include purchases, ATM withdrawals, and other transactions.
Other Citi Basic Banking Options
If you do not want to pay the Citi Basic Banking monthly fee, there are other Citi banking options available:
Citi Priority Account
The Citi Priority Account has a monthly fee of $25, but it offers a number of benefits, including:
- No minimum balance requirement
- Unlimited check writing
- Free ATM withdrawals at all Citibank ATMs
- Access to a dedicated customer service team
Citigold Account
The Citigold Account has a monthly fee of $30, but it offers even more benefits than the Citi Priority Account, including:
- No minimum balance requirement
- Unlimited check writing
- Free ATM withdrawals at all ATMs worldwide
- Access to a dedicated financial advisor
Fee Structure
| Account Type | Monthly Fee | Minimum Balance | Direct Deposits | Debit Card Transactions |
|---|---|---|---|---|
| Citi Basic Banking | $12 | $1,500 | 1 | 10 |
| Citi Priority | $25 | None | None | None |
| Citigold | $30 | None | None | None |
Conclusion
The Citi Basic Banking monthly fee is a $12 charge for customers who do not meet certain requirements. There are several ways to avoid the monthly fee, including maintaining a minimum balance, making direct deposits, and using your Citi Debit Card. If you do not want to pay the monthly fee, there are other Citi banking options available.
For more information on Citi Basic Banking and other banking products, please visit our website or contact a customer service representative.
FAQ about Citi Basic Banking Monthly Fee
What is the Citi Basic Banking monthly fee?
Citi Basic Banking does not charge a monthly maintenance fee.
Is there a minimum balance requirement to avoid the monthly fee?
No, there is no minimum balance requirement for Citi Basic Banking.
How can I avoid paying the monthly fee?
Citi Basic Banking does not charge a monthly maintenance fee, so there is no need to take any action to avoid it.
What happens if I close my Citi Basic Banking account?
If you close your Citi Basic Banking account, the monthly fee will no longer apply.
Can I get a refund for the monthly fee if I close my account?
The Citi Basic Banking account does not charge a monthly fee, so there are no refunds for closed accounts.
Is the monthly fee waived for certain customers?
No, the Citi Basic Banking account does not charge a monthly maintenance fee, so there are no waivers available.
What other fees are associated with Citi Basic Banking?
There is a $25 overdraft fee assessed on each overdraft transaction. There is also a $30 returned item fee for each returned item.
How can I find out more about Citi Basic Banking?
You can visit Citi’s website or call customer service at 1-800-374-9500 for more information.
What are the benefits of Citi Basic Banking?
Citi Basic Banking offers basic banking services without a monthly maintenance fee. You can make deposits, withdrawals, and check your account balance online, by phone, or at an ATM.
Is Citi Basic Banking a good option for me?
Citi Basic Banking is a good option for customers who need basic banking services without paying a monthly fee. It is also a good option for customers who are looking for a low-cost alternative to traditional banking.
