Citibank monthly service fee reddit

Citibank monthly service fee reddit. I decided to just keep $2,000 in the account, to avoid the $12 monthly fee if the account held less than $1,500. 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. Open a checking account with Citi to use mobile check deposit, online bill pay and more. $0: N/A. By the time I realized, the ACH payment would have taken too long. Or open a citi brokerage and hold some investments there. Feb 28, 2024 · Citi offers ways to avoid many of its fees, including its ATM, overdraft and monthly service fees. Enjoy exclusive rewards, preferential pricing, and exceptional customer service, all designed to enhance your lifestyle. Today I was hit with a $25 monthly fee. 00 per month if you don't keep the required balance amount which I believe is $1,000. 5M subscribers in the legaladvice community. 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. To waive the $4. 2 months later I looked at the account and I've been charged $25 for a service fee each month. 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. 2. I opened an account with Citibank six years ago and never had any issues. Follow these strategies to avoid Citi's banking fees. Fees: Monthly service fee depends on your banking package; Citigold®: n/a; Citi Priority: $30; The Citi Account: $25; Basic Banking: $12 ($4. 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. Is there still a minimum account balance required? Oct 1, 2024 · Monthly Service Fee: $0. 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. N/A: N/A. 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). 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. 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. A place to ask simple legal questions. 50 non-Citibank ATM fee will apply to your account. 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. Monthly Service Fee, which will be based on the banking package, balances or transactions reflected on your Short Statement. 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. 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. However, the average balance needed for Citi Access and Citi Regular checking is a bit high. For the last 3 months, CitiBank has tried to charge my checking account a $15 monthly fee. Reply reply. 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. 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. 50 and a $2. 00+. I recently opened a Citi high yield savings account, called the Accelerate account. 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. Benefit from convenient banking when you open a checking account online. Citibank Account: This is a full-service checking account. 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. 30%: Citibank offers accounts with no monthly fees along with accounts with monthly fees as high as $30. account to maintain and service your Checking account or Savings account at Citibank. Travel the globe with ease, secure sought-after items, and manage your finances with tailored solutions. 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. 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. 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. Savings fee waived 1:. If he has a brokerage acct, he can setup automated monthly deposit to Citi for the min $250/month and no monthly fees. A basic Checking account from Citibank cost $12. Citigold Account Key Features; APY Range: 4. A Monthly Service Fee (MSF) is the amount you pay each calendar month starting from the first day you open your . 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. 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. 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). A monthly service fee of $4. I got a notification saying my monthly services fee waiver was about to expire. The $30k requirement is for a higher tier ("Priority") which has additional benefits, like waived ATM fees. The monthly service fee is $25 for linked accounts unless you maintain at least a $10,000 balance. The monthly fee can also be avoided by keeping a balance $1,500 in either or account. 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. 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. 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. I also changed my direct deposit to this new checking so I can waive the fee there. 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. Hi! I need some clarification on waiving the $15 monthly service fee for a checking account with simplified banking. uevlqdl ols ccpht lyzt fkfa cjmmjfsz cgie opv vncr bxahyl