Citibank monthly service fee reddit

Citibank monthly service fee reddit. Is there still a minimum account balance required? Oct 1, 2024 · Monthly Service Fee: $0. The fee structure If you have the Access Account you just need 1 direct deposit OR 1 bill pay payment per statement period to avoid the monthly fee. I recently opened a Citi high yield savings account, called the Accelerate account. I decided to just keep $2,000 in the account, to avoid the $12 monthly fee if the account held less than $1,500. Open a new Savings account with a different bank or credit union (going to visit these options today and tomorrow) with a good high yield, fee free option for me. $0: N/A. I was reading on ways to waive the monthly fee for Citi and I see (in the fine print section) that they accept Zelle as a direct deposit option. By the time I realized, the ACH payment would have taken too long. If he has a brokerage acct, he can setup automated monthly deposit to Citi for the min $250/month and no monthly fees. Jan 21, 2024 · One good thing with Citibank’s account packages is that you can avoid paying any monthly service fees with all of them. The monthly service fee is $25 for linked accounts unless you maintain at least a $10,000 balance. in the month of account opening and for 3 full calendar months after account opening 1 or; with a $500 Average Monthly Balance per savings account or; when the owner of the savings account also owns a checking account Hi, I have a question about Citi checking account monthly fee wavier. Hi! I need some clarification on waiving the $15 monthly service fee for a checking account with simplified banking. Apparently there is a $10,000 minimum balance to avoid the fee (also counting a linked Citi checking account if I had one), according to a phone call. Citibank Account: This is a full-service checking account. You can waive the Monthly Service Fee for your Checking Account when you: • Make one or more Enhanced Direct Deposit (s) (EDD)1 totaling $250 or more or • Are part of a Relationship Tier. does not look like a good Posted by u/gayph89 - 1 vote and 6 comments Simplified banking: monthly EDD(s) totaling $250+ are enough to waive the $15/month regular checking fee. For the last 3 months, CitiBank has tried to charge my checking account a $15 monthly fee. I then have to spend 30+ mins contacting them and explaining that my accounts are supposedly linked and that I meet all the requirements for the fee to be waived. Open a checking account with Citi to use mobile check deposit, online bill pay and more. 50 non-Citibank ATM fee will apply to your account. 50 monthly service fee, maintain a $500+ average monthly balance in your account for the calendar month that ends prior to the last Business Day of your monthly statement period. Today I was hit with a $25 monthly fee. Savings fee waived 1:. The $30k requirement is for a higher tier ("Priority") which has additional benefits, like waived ATM fees. Suddenly I got a letter saying that because I was switched to simplified banking (which I had no idea happened until months later, according to when the letter was sent), I'm going to be charged a monthly services fee for my checking account. Specifically, in the TOS, it states that waiving is possible with "an Enhanced Direct Deposit is an electronic deposit through the Automated Clearing House (“ACH”) Network of payroll, pension, social security, government benefits and other payments to your checking, savings I opened a second checking account from another bank because its more convenient where I live. A monthly service fee of $4. Fees: Monthly service fee depends on your banking package; Citigold®: n/a; Citi Priority: $30; The Citi Account: $25; Basic Banking: $12 ($4. account to maintain and service your Checking account or Savings account at Citibank. However, after the conversion to simplified banking, it seems that I will have to make at least $250 in Enhanced Direct Deposits per month or maintain $30,000 balance. 2 months later I looked at the account and I've been charged $25 for a service fee each month. N/A: N/A. I got a notification saying my monthly services fee waiver was about to expire. If you have the Basic Banking Account you need 1 direct deposit AND 1 bill pay payment per statement period to avoid the monthly fee. Or open a citi brokerage and hold some investments there. Aug 9, 2023 · The monthly fee of $12 is avoidable if you meet certain requirements, which don’t necessarily involve a minimum balance (more on that in the next section). Follow these strategies to avoid Citi's banking fees. If I'm reading everything correctly on their site, the monthly service fee can be waived with a direct deposit of $250 or more per month (for checking). However, the average balance needed for Citi Access and Citi Regular checking is a bit high. 2. Monthly Service Fee, which will be based on the banking package, balances or transactions reflected on your Short Statement. Benefit from convenient banking when you open a checking account online. I opened an account with Citibank six years ago and never had any issues. 00+. 00 per month if you don't keep the required balance amount which I believe is $1,000. After conversion, we’ll waive applicable simplified banking Monthly Service Fees in the month you are converted and for the next three full calendar months. I can waive the monthly service fee by making one qualifying direct deposit of any amount and one qualifying bill payment or maintaining $1,500 balance. Feb 28, 2024 · Citi offers ways to avoid many of its fees, including its ATM, overdraft and monthly service fees. A Monthly Service Fee (MSF) is the amount you pay each calendar month starting from the first day you open your . 5M subscribers in the legaladvice community. I also changed my direct deposit to this new checking so I can waive the fee there. A place to ask simple legal questions. The monthly fee can also be avoided by keeping a balance $1,500 in either or account. 50 and a $2. Reply reply. A basic Checking account from Citibank cost $12. To waive the $4. Jan 5, 2024 · Customers who are not in a relationship tier can avoid paying monthly service fees by making monthly direct deposits of $250 or more in their checking accounts, having an average monthly Aug 21, 2024 · With the bank's standard checking accounts, you'll need to be mindful of monthly service fees, non-Citi ATM fees, money order fees, official check fees, and stop payment request fees. Citibank will waive your Savings account Monthly Service Fee when at least one owner of a Savings account also owns a Checking account, when an owner of a Savings account is in a Relationship Tier, during the first three full months after account opening, or when a Savings account has an Average Monthly Balance of $500 or more. They charge this service fee to your account each month which is where the problem starts if you keep a zero balance each month due to non-use. For context, I have a checking account and 3 different credit card accounts with Citi The website states that to waive the $12 monthly service fee, I must "Make one qualifying direct deposit and one qualifying bill payment per statement period or maintain a $1,500+ combined Feb 23, 2024 · The Citi Account Package has a monthly fee of $25, which you can waive by maintaining an average monthly balance of $10,000 in eligible Citi-linked deposits, retirement, and investment Citi accounts. 50 when not linked to a checkless Regular Checking Account) - can be waived by maintaining an average monthly balance of at least $500 I had a brain fart and forgot to send the full amount over to be eligible. What does "maintain a $500+ average monthly balance" mean? Change to a bank with ZERO fees First, look to changing my current Chase Savings account, currently charging a recurring $5 Monthly Service Fee. If you do not qualify for a Relationship Tier after three full Hey all, I'm trying to make sure I avoid the monthly service fees on my Citi Checking account and wanted to make sure I understood how EDD worked. Enjoy exclusive rewards, preferential pricing, and exceptional customer service, all designed to enhance your lifestyle. Citigold Account Key Features; APY Range: 4. Travel the globe with ease, secure sought-after items, and manage your finances with tailored solutions. 30%: Citibank offers accounts with no monthly fees along with accounts with monthly fees as high as $30. xudm gwere rpvwsdr rushk kuw meye phckz hnirrkd iqus nnrw