What Is The Monthly Service Charge For Citibank

How To Avert Citibank Fees

Checking Account Fees
Savings Business relationship Fees
Avoid Monthly Fees
Avert Overdraft Fees
Avoid ATM Fees
Citibank vs. Competitors

ymgerman / iStock.com

Citibank, ane of the biggest banks in America, offers its customers a full array of banking products and services, including cyberbanking accounts and credit cards. Many banks charge their account holders fees to have care of overhead costs. These fees tin can range from overdraft penalties to ATM fees and more.

However, many banks offer their customers means to circumvent these fees, and Citibank is no different. Citibank's monthly maintenance fees can be avoided using strategies such every bit maintaining a designated monthly balance.

Citibank Checking Business relationship Fees

Citibank's monthly checking account fees are $10 to $30, depending on the packet. Citibank offers customers five packages through which they tin can open up a checking account. These packages cover a range of banking needs, from personal checking accounts (through its Bones Banking or Access Account packages) to wealth management (through its Citigold package).

Account	Monthly Service Fee
Citigold	N/A
Citi Priority	$30
The Citibank Account	$25
Basic Banking	$12
Access Account	$10
Data is accurate as of Jan. 4, 2022.

As you tin meet, non all the accounts require a monthly service fee. One characteristic all the accounts share is that you lot practice not demand to make a deposit to open up the business relationship. Merely what near other checking account fees?

Fee	Amount Charged
Out-of-network ATM fee	$ii.50 in the U.S.; additional iii% fee for transactions fabricated exterior U.S. and Puerto Rico
Overdraft	$34
Foreign exchange fee	3% of transaction
Wire transfers	$xv-$45
Information is accurate every bit of Nov. 24, 2021.

Some of these fees, and other fees not listed, may be waived, depending on the account package you have.

Citibank Savings Account Fees

Citibank's monthly savings account fees are $iv.fifty for basic accounts but tin be as loftier equally $30 for accounts that are part of a packet, or waived entirely. Like its checking accounts, Citibank's savings account offerings are spread across five different packages, which customers can choose from based on their savings goals and needs. Each Citibank savings package comes with interest rates that vary depending on the balance.

Account	Monthly Service Fee	APY
Citigold	North/A	0.04%-0.fifteen%
Citi Priority	$30 for savings and linked checking account	0.04%-0.15%
The Citibank Business relationship	$25	0.04%-0.thirteen%
Bones Banking	$iv.50 for savings account only $12 for savings and linked checking account	0.04%-0.06%
Access Account	$iv.fifty for savings account merely $10 for savings and linked checking account	0.04%-0.06%
Data is accurate as of Nov. 24, 2021.

Citigold business relationship holders do not demand to worry nigh a monthly service fee. However, the lowest charge per unit available for all of the accounts is below the national average, which is 0.06% APY, according to the Federal Deposit Insurance Corp.

How To Avoid Citibank's Monthly Maintenance Fees

About Citibank account packages allow customers to waive monthly maintenance fees through balance minimums or qualifying deposits and payments. Here'southward a breakdown of how to avoid fees for each package:

Citigold
- No monthly fees with your Citigold account package
Citi Priority
- Your average monthly rest from your checking or savings account must be greater than $50,000. This figure can be reached through a combination of eligible linked retirement and investment accounts.
The Citibank Account
- Your boilerplate monthly balance from your checking or savings account must be greater than $x,000. A combination of eligible linked retirement and investment accounts can help you reach this figure.
Basic Banking
- Make ane qualifying direct deposit and pecker payment per argument catamenia.
- Maintain an average monthly balance greater than $1,500 in your checking or savings account or in a combination of eligible linked accounts.
- The monthly service fee is waived for customers ages 62 and older.
- For a Basic Banking savings account that's non linked to a checking business relationship, maintain a monthly balance of $500 or more than.
Access Business relationship
- Make 1 qualifying direct eolith or bill payment per statement period.
- Maintain an average monthly residual greater than $i,500 in your checking or savings business relationship or in a combination of eligible linked accounts.
- For an Access savings account that's not linked to checking, maintain a monthly balance of $500 or more than.

How To Avoid Citibank's Overdraft Fees

The best way to avoid Citibank's overdraft fees is to non overdraw. It sounds simple, simply it can exist complicated if your account is linked to several automatic payments that crave vigilance on your role. Citibank's overdraft fee is $34, which is close to or the same equally what other banks charge.

Luckily, Citibank offers its customers ii forms of overdraft protection, but you'll pay a $10 fee for the convenience. Hither's a await at each selection:

Checking Plus: This plan acts every bit a revolving line of credit if y'all overdraw or a cashed bank check exceeds your funds. The $10 fee applies once the funds are transferred over to your account to cover the overdraft.
Safety Check: Citi will transfer funds from your linked savings account to your checking account to embrace an overdraft. The $10 fee applies each day Citi covers the overdraft.

Citibank does not approve transactions that would overdraw an Access Account, and then customers with this choice don't need to worry well-nigh overdraft fees.

How To Avoid Citibank'south ATM Fees

Citibank's ATM fee for both international and domestic ATM use is $2.l, which is worth noting since some banks charge $5 for ATMs used exterior the U.S. If y'all withdraw cash at an ATM outside of the U.Southward. and Puerto Rico, you may incur a iii% foreign exchange fee, depending on the type of account you accept.

The easiest mode to avoid ATM fees is to use Citibank ATMs whenever possible. Y'all can locate the nearest Citibank ATM on Citibank'due south website or via the depository financial institution's mobile app. Yous can also utilize ATMs at participating Walgreens, CVS Pharmacy, Target, Rite Assistance and Duane Reade locations.

Citibank will waive some ATM fees, depending on the packet you select. There are no ATM fees for Citi Priority and Citigold accounts. The Citibank Account Package waives the fee if your residual is $10,000 or more. The fee is likewise waived for Basic Banking business relationship owners ages 62 or older.

How Fees at Citibank and Other Banks Compare

Citibank carries near of the aforementioned fees as other banks. To encounter how Citibank measures upward, review the table beneath.

Fee	Wells Fargo	Chase	Banking concern of America	Citibank
Monthly maintenance	Upwards to $25	Upwardly to $35	Up to $25	Upwards to $xxx
Out-of-network ATM withdrawal	In U.South.: $2.50 Outside U.S.: $5	In U.South.: $ii.l Outside U.S.: $v	In U.South.: $ii.50 Outside U.S.: $5	$ii.50 in the U.S.; boosted 3% fee for transactions made exterior U.S. and Puerto Rico
Overdraft (non-sufficient funds)	$35	$34	$35	$34
Excess transactions	Undisclosed	$v	$10	No fee
Wire transfer	$15-$thirty	$v-$50	Varies	$15-$45
International debit buy	3% of transaction	three% of transaction	three% of transaction	3% of transaction
Data is authentic as of Mar. 24, 2022. Fees listed reflect amounts typically charged; exceptions may employ.

Citibank's fees are more often than not aligned with those of other major banks. Simply, unlike some other banks, Citibank doesn't accuse fees when it comes to excess transactions.

Getting the Nearly out of Your Citibank Business relationship

The Citibank account that'south right for you depends on your financial needs. Of course, you desire to make sure you'll salvage on fees, but hither are some other questions to enquire yourself when choosing an account:

Is it for personal or business needs?
How much money am I spending per month?
How much do I want to save?
Do I desire an interest-begetting account?
Will this account benefit me over time?
Can I accept reward of this account'southward features, such every bit waivers?

If you lot take the time to think about what y'all want — and need — from an business relationship earlier you sign upwards, you'll accept a better chance of getting a cyberbanking product you'll be satisfied with for years to come.

Rates are subject to change. All other information is accurate as of Mar. 24, 2022.

Editorial Note: This content is not provided by Citibank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and take not been endorsed by Citibank.

Sean joined the GOBankingRates team in 2018, bringing with him several years of experience with both military and collegiate writing and editing experience. Sean's outset foray into writing happened when he enlisted in the Marines, with the occupational specialty of combat correspondent. He covered war machine affairs both in garrison and internationally when he deployed to Afghanistan. Subsequently finishing his enlistment, he completed his BA in English at UC Berkeley, eventually moving to Southern California.