Update 10/7/26: Extended through 1/6/27
Update 7/9/26: Extended until October 6, 2026
Update 4/8/26: Extended until July 7, 2026.
Update 1/8/26: Valid again from 1/7/26 through 4/6/26 at this link (ht catcat). The tiers are slightly different now, updated below.
Update 10/26/25: Extended through 1/6/26 (ht reader Lin)
Update 7/8/25: Deal is back through September 30, tiers seem to be different this time.
Offer at a glance
- Maximum bonus amount: $2,000
- Availability: Must open in branch [Branch locator]
- Direct deposit required: No
- Additional requirements: Deposit up to $200,000
- Hard/soft pull: Soft pull
- ChexSystems: Unknown
- Credit card funding: None
- Monthly fees: $15, avoidable
- Early account termination fee: None
- Household limit: None listed
- Expiration date:
December 31st, 2019June 30, 2021
The Offer
No direct link, being offered in branch
- Citibank Business is offering a bonus of up to $2,000 when you open a new business checking account. The bonus you receive depends on how much you deposit, balance must be maintained for 60 calendar days after deposit.
- Receive a $300 bonus with a $5,000 deposit
- Receive a $500 bonus with a $20,000 deposit
- Receive a $1,000 bonus with a $50,000 deposit
- Receive a $1,500 bonus with a $100,000 deposit
- Receive a $2,000 bonus with a $200,000 deposit
The Fine Print
- All bank account bonuses are treated as income/interest and as such you have to pay taxes on them
Avoiding Fees
Monthly Fees
The easiest account to keep fee free is the CitiBusiness®Streamlined Checking Account, this has a monthly fee of $15 and is waived have an average monthly balance of $5,000 or more.
Early Account Termination Fee
There is no early account termination fee to worry about.
Our Verdict
Reader Jay was able to get this offer just by going into a branch and asking if they had any current promotions for opening a new account. Entirely possible it won’t be available in all/most branches, but feel free to share your data points in the comments below. Similar to a previous targeted bonus, with higher tiers available as well. The return gets worse as the bonus increases as unfortunately. Will stack with the Lunar new year promotion as well.
Useful posts regarding bank bonuses:
- A Beginners Guide To Bank Account Bonuses
- Bank Account Quick Reference Table (Spreadsheet) (very useful for sorting bonuses by different parameters)
- PSA: Don’t Call The Bank
- Introduction To ChexSystems
- Banks & Credit Unions That Are ChexSystems Inquiry Sensitive
- What Banks & Credit Unions Do/Don’t Pull ChexSystems?
- How To Use Our Direct Deposit Page For Bank Bonuses Page
- Common Bank Bonus Misconceptions + Why You Should Give Them A Go
- How Many Bank Accounts Can I Safely Open Within A Year For Bank Bonus Purposes?
- Affiliate Links & Bank Bonuses – We Won’t Be Using Them
- Complete List Of Ways To Close Bank Accounts At Each Bank
- Banks That Allow/Don’t Allow Out Of State Checking Applications
- Bank Bonus Posting Times
Post history:
- Update 1/19/25: Deal is back until July 7th 2025.
- Update 7/11/24: Deal is back until 1/7/2025. Funds only need to be maintained for 45 days. Hat tip to Erik
- Update 6/24/24: Valid until July 8
- Update 11/22/23:Still have to open in branch, just lets you input information online
Deal is now available online.Hat tip to Adam D - Update 10/5/23: Extended until January 9, 2024.
- Update 7/13/23: Deal is back and valid until October 4, 2023.
- Update 1/5/23: Extended until 7/12/2023. Can try this direct link.
- Update 7/6/22: Extended until January 4, 2023.
- Update 1/21/22: There is now a direct link for the offer.
- Update 1/5/22: Extended through 7/5.
- Update 10/4/21: Extended through 1/3/22.
- Update 7/2/21: Extended until 9/30/21.
- Update 4/30/21: There is now a direct link for this offer.
- Update 4/8/21: Deal has been extended until June 30, 2021. Hat tip to reader EW
- Update 1/28/21: Deal is back and valid until 3/31/21. Hat tip to reader EW
- Update 9/23/20: Deal is back and valid until 1/5/2021. Hat tip to reader KJ Z
- Update 1/10/2020: Deal has been extended to March 31st, 2020 as per reader B
She is on a vacation October 9 – 25. Jia-Ying
She’s not responding, I called and texted her.
I used to think that, but Citi has earned its way into my no-fly list. Never not been a massive headache. Opportunity cost too high. Even for $2,000.
were you able to keep money in IMM and still get the bonus?
Gonna catch them all, my friend
Seems like a crappy biz promo in comparison to US Bank, Truist, Bank of America, etc. Am I missing something?
I appreciate this. Thank you.
I believe that you can have all the money in the money market account from the start, if you are OK with paying $15(?) monthly fee for the checking account. (You will need some amount in the checking account, or they can close it if it has a zero balance ) The following did work for me this summer: $5k in the checking account (to avoid the monthly fee), the rest in the money market account. zeroannualfee
I can open the online application link, guess I am eligible to open the account online, but when reading the terms, look like still need talk to account manager to add the promo? Anyone have experience opening the account online and get bonus without adding the promo by account manager? Thanks.
Can you open account virtually? I’m in TX…….
Is it possible to open the account in NYC branch? I live in TX and online says I am not eligible. Not too sure if flying to NYC to open the account works?
these set of terms made me use up so much mental energy and I still couldn’t really decipher it 😅 tyvm!
It takes 4 months for the bonus to vest and post, so every 10 months
This is not really available online because there’s no online applicable to open the account. You’re just submitting info for someone at Citi to basically set up an appointment with a banker at the branch.
Got an appointment for in branch tomorrow, sole prop in CA. Can someone please explain how the linked money market account works? Am i understanding it correctly that once we transfer the money into the business checking we can move it into the money market to accrue interest while waiting for the bonus or is it after we meet the bonus requirements?
so from how I’m interpreting the terms, we can almost do this offer about twice a year…? Am I reading that correctly?
It is really tempting but I am worried Citi might lock me out of my account and want a code in a snail mail like they did with my checking account.
You’re not alone, I had to do the same.
That sounds EXACTLY like Citi.
Sole Prop works?
Damn not offered in my area. Could bypass in branch?
William Charles extended thru 1/6.
I enrolled into this bonus offer again this month, with Armine Papazian. It is a third enrollment done with her help. This time I enrolled two LLC businesses at the same time: the total bonus amount for 2*$50k is better than for 1*$100k. OOS. Some thoughts after the conversations: * It looks like the banker prefers to have the accounts being kept open for at least 6 months. (Probably, their compensation depends on it). They are OK if the accounts are closed at 6 months mark. * It looks like the banker prefers the full initial deposit ($50k,$100k, etc.) to stay within the accounts for at least 6 months. (Probably, their compensation depends on it). On the other hand, they understand that after the promotional APY on IMMA expires, then you have no motivation to keep the funds there. They might be able to extend the promotional APY period. You might want to reassure/discuss these points if case if you want to keep the long-term relationship with your banker.
_
this is awesome, thanks!
This Citibank Business Checking account up-to-$2000 bonus offer is actually available online, depending on your Zip Code. https://banking.citi.com/cbol/small-business/checking-offer It expires 10/6/26. I suspect it will be renewed.
If they are both showing up on your login, you should be able to do an internal transfer. Hopefully you got it sorted out by now!
pochari It should theoretically work, but if you have the option of not doing that, I would avoid it if at all possible such that they would not have that as an excuse down the line. My recommendation would be to deposit two separate checks inside of a branch, one into the checking and then a separate one into the money market, (that is how I have always done it and have never had problems).
Can I transfer to checking first then transfer to money market? Just want make sure if “new money” rule applies here
Typical Citibank. Opened in-branch, all of my personal information was correct on the application. Received letter in the mail about my newly-opened account, but the 2nd and 3rd digits are incorrect in my phone number. (Rest is correct.) Tried to sign up online, and can’t access my account because the 2FA codes are going to the wrong phone number. Is it the one from the letter? Nope. Only the last four digits are shown, but this time the 6th digit is incorrect. So I’ve got one account, and three different phone numbers. Thanks Citi.