Our Citibank review analyzes its services, fees, and benefits for all its banking, business banking, credit cards, personal loans, and mortgages.
Citi lost its dominance in the credit card business to other players and therefore slowed down its customer acquisition game even before the final decision of moving out of the business.
a Citibank small business checking account, for example. The... other business checking accounts, you’ll get a debit card... You’ll earn credit on the monthly combined balance of...
CitiBusiness® offers small business banking accounts, credit cards and other specialty banking services to achieve your small business goals.
Business Credit Account · Ideal if your business needs convenient access to cash for short-term needs · Line Amount · $10,000 - $250,000 · Terms · Revolving · Interest Rates · Variable rates ; Relationship Ready Credit · Ideal if your business has larger working capital needs · Line Amount · $250,000 - $5,000,000 · Terms · Revolving · Interest Rates · Variable rates
Pros · Extensive network of fee-free ATMs. Highly rated mobile app. Easy to avoid monthly service fees on basic checking accounts. No minimum opening deposit for checking or savings accounts. ; Cons · Low interest rates on savings. Few branches in some areas.
Accept major credit/debit cards and get business management tools with Citi Merchant Services. Customers can easily pay you in-person or online. Learn more.
APY · N/A ; Min. Balance to Avoid Fee · $0 with $250 in enhanced direct deposits ; Min. Opening Deposit · $0 ; Monthly Maintenance Fee · $0 to $15
Average Monthly Relationship Value, ₹15 lakhs or more, Up to ₹15 lakhs ; The minimum monthly charge for amount non maintenance, N/A, N/A ; Citibank Atm charges, Free, Free ; Non-Citibank Atm charges, Free, Free up to 5 withdrawals per month; ₹17.80 thereafter ; Cheque Pickup charges, Free, Free ; Cash Deposits, Free up to ₹50 lakhs per month; then ₹3 per ₹1000 with a minimum charge of ₹50, Free up to ₹10 lakhs per month; then ₹3 per ₹1000 with a minimum charge of ₹50 ; Cheque Return Inward, ₹375, ₹375 ; NEFT/ RTGS, Free, Free
Best overall: Citi Strata Premier℠ Card ; Best for cash back: Citi® Double Cash Card ; Best for automatically maximizing rewards: Citi Custom Cash℠ Card ; Best for airline miles: Citi® / AAdvantage® Platinum Select® World Elite Mastercard®