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Citibank To Raise Monthly Fees On Checking Accounts

Friday, September 16, 2011 - 10:25 AMCitibank
From AP via Google
Citi is raising the monthly fee on its basic checking account.

The new fee will be $10, up from the previous $8.

At the same time, the bank said Friday that it will waive fees and offer bigger rewards if customers sign up for more services.

Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
Rep Points: 125,708
1. Saturday, September 17, 2011 - 5:46 PM
Verbatim from Citibank statement, regarding monthly fee for Basic Checking:

"1) Clients pay no monthly service fee if they make one Direct Deposit and one Online Bill Payment during each monthly statement period; 2) Clients can also avoid a monthly service fee by maintaining $1,500 in combined average monthly balances in their Basic Checking and linked Basic Savings accounts"

The statement does not define what constitutes a "Direct Deposit" or an "Online Bill Payment".

SandraSandra7 posts since
Aug 20, 2010
Rep Points: 110