Published 4/6/08 (Modified 3/8/11)
By MoneyBlueBook

Updated! Citibank is the biggest banking institution in the United States and has branches and ATM's everywhere. Since they signed a deal with 7-11, their ATM banking reach has soared nationally and worldwide. As one of the most popular banks, Citibank is well known for promoting a variety of free cash and free Citi Thank You reward offers for new deposit account customers. That's actually how I became a Citi banking customer years ago in the first place - by taking advantage of one of their promotional reward offers. The bank promotions are only available to first time Citibank checking and savings account holders. Persons who currently have or at any time have had a deposit account at Citibank are generally not eligible. Owners of Citi credit cards on the other hand are not disqualified.

As with all free promotions, there are several generally applicable rules to follow. Most of the deals are structured and laid out similarly - starting with a minimum funding requirement and followed by several reward tiers dependent on the completion of a certain number of banking transactions. Usually the offers require the new account customer to complete a certain number of direct deposits and online bill pay transactions. Both direct deposit and bill payment are free so customers need not worry about incurring any extra finance or transaction charges. Other than needing to fund the new accounts with a minimum balance and complete a few banking actions, there are no risks to opening a new checking or savings account. Citibank no longer does a hard credit pull when opening a new bank account, opting to perform a Chex System screen instead in situations where no request for overdraft protection has been made. Do keep in mind however that online payments for Citibank credit cards are treated like internal transfers and are usually not counted towards the bill payment requirement for promo offers.

For the Citibank offers listed below, you have the option of opening the new accounts online by accessing the application links or you can phone in your application by calling Citibank direct. Be sure to provide the customer service representative the desired Citibank promo code. Past Citibank offers such as the iPod shuffle promotion and a few other $100 to $200 offers have all come and gone, but new promotions are constantly being released and marketed. I will post and update this guide with new free offers as I become aware of them. Keep in mind, while these promos are advertised as limited time offers, they are often extended past the original expiration date. Please let me know by dropping a note in the comment section if I'm missing a Citibank promo code or need to update any offer information.

Verified Promotional Offers For New Citi Checking And Savings Accounts:

1) Free $100 Citibank Regular Checking Account Offer - Offer Code: CY73 - Active!

• To qualify for the free bonus offer, open a qualifying Citibank regular checking account online or via telephone (1-800-374-9500), and fund it with a minimum of $1,000 by 12/31/2008.
• The new Citi checking account must in a Citibank Account, Citibank Everything Counts or Citigold bank account relationship package.
• Within the first month after your account is opened, make at least one direct deposit into your new account or make at least two electronic bill payments from your account each month for three consecutive months.
• The $100 reward will be deposited into your Citibank checking account����within 120 days from the end of the statement period in which you met the qualifying requirements.
• This offer is only available to Citi card members who are the primary credit card account holders and is not valid for existing Citibank checking account customers.

2) Free $200 Bonus Offer With A New Checking Account - Enter Offer Code: CEMX - Expired

This new offer is simply the former $200 Citibank promo offer "CYAN", except with a new four letter code and a new expiration date.

With this promo offer, Citibank is offering a $200 bonus for new Citibank checking account customers. As with most Citibank offers, this one is only available for first time Citibank deposit account customers and will be paid only once to any individual. Persons who currently have or at any time have had a deposit account at Citibank are not eligible. You can inquire and apply for the offer by calling Citibank at 1-800-374-9500, visiting their website, or stopping by any of their Citibank Financial Centers. Be sure to mention the offer code CEMX when prompted to do so. To qualify for the free offer you must:

• Open and fund a qualifying Citibank regular checking account using the offer code with a minimum initial deposit of $1,000 or more by the expiration date of 6-30-08. The EZ Checking account does not qualify for this offer. To earn the free money bonus, you will need to open either a Citibank Account, Citibank Everything Counts, or a CitiGold checking account.
• To Earn The First $100 - Starting no later than the calendar month after the month in which your account was opened, you need to make a direct deposit or at least two electronic bill payments from your new account each month for three consecutive months. The $100 bonus will be credited to your new checking account within 120 days from the end of the statement period that you met the qualifying requirements.
• To Earn The Second $100 - If you continue making a direct deposit or at least two electronic bill payments each month for the next three consecutive months, you can qualify to earn an additional $100 bonus deposit.

3) Free $150 In Gift Cards and Triple ThankYou Reward Points With A New Checking Account - Offer Code: CSVL - Expired

If you apply and qualify for this dual Citibank offer, you'll have the potential to earn 16,000 Citi Thank You Reward Points, redeemable for $150 in gift cards. To qualify for the triple ThankYou Points offer, you will need to do open and enroll a new qualifying Citi checking account into the Thank You Network. For twelve months, your qualifying debit card purchases and relationship accounts will earn triple Thank You reward points. You can qualify for either or both the $150 gift card and triple reward point offers, but can only utilize the same Citi checking account only. Unfortunately, as is usually the case with such promotions, this dual offer is only available to new Citibank customers.

• To qualify for the free Thank You Points offer, you must open a brand new qualifying Citibank checking account by 7-31-08 and deposit at least $1,000 by the expiration date. Your expiration date to properly fund your account will depend on your method of opening your new banking account. Qualifying Citi checking accounts opened through Citibank Financial Centers must be funded by 7-31-08. Citi checking accounts opened remotely through Citi Phone Banking or through the Citibank Online website can wait until 8-31-08 to be funded.
• The new qualifying Citi checking account has to be either a Citibank Account, Citibank Everything Counts, or a Citigold Account.
• Within 60 days of account opening, you must (1) enroll your new checking account in the Thank You Rewards Network and (2) complete one direct deposit per month, two electronic bill payments or five signature debit card transactions and continue for three consecutive months.
• Electronic bill payments, whether online or via phone banking, cannot be made to or consist of transfer payments made to accounts within the Citibank credit card or banking network.
• After all offer terms are satisfied, 16,000 bonus Thank You points will be rewarded within 120 days. The points can be redeemed for the equivalent of $150 in gift cards or other rewards available through the ThankYou Rewards Network.

4) Free $200 Bonus Promotion With A New Checking Account - Offer Code: CYAN (Enter It Manually) - Expired

• This expired promotion has been replaced with CEMX (see above).

5) Free Pair Of Round Trip Airline Tickets With A New Checking Account - Promotion Code: CP74 - Expired

This offer requires a new Citibank Checking Account and a new/existing Citibank Savings Account. This promotion requires a lot of upfront money (minimum initial deposit of $25,000), but the payoff is excellent - you get to earn 40,000 Thank You Points with this bonus reward offer redeemable for two free round trip airline tickets. Plus, you can always withdraw your funds after you receive you bonus reward. To qualify for the free offer you must:

• Open a Citibank regular checking account by the expiration date of 5-16-08, link it to a new or existing Citibank Ultimate Savings Account, and complete qualifying banking activities to earn 40,000 Thank You reward points.
• The qualifying transactions include: depositing $25,000 or more into your Citibank Ultimate Savings Account, funding your checking account with $1,000 and enrolling it into the free ThankYou Rewards Network.
• Thereafter you can get your 2 round trip tickets to anywhere in the continental U.S. (up to $400 value each) by redeeming your 40,000 ThankYou Points.
• To apply by phone, call 1-888-214-0018 and mention code: CP74.

6) Free $50 Bonus Offer With A New Checking And Savings Account - Promotion Code: CYAP - Expired

This promotion requires first time Citi customers to open a new Citibank Ultimate Money Savings Account and a new Citi EZ Checking Account. To qualify for the free offer you must:

• Open a new Citibank Ultimate Money Account and a new Citibank EZ Checking account online or by phone (1-877-624-9600). You must fund the Ultimate Money Account by the expiration date of 4-30-08 using the promotion code CYAP.
• No later than the calendar month after the month in which your account was opened, you must make at least 2 electronic bill payments each month for 3 consecutive months.
• $50 will be credited to your regular checking account within 120 days from the end of the statement period in which you met the above requirements. Your Ultimate Savings Account and checking account must be in good standing at the time of the $50 credit.