Friday, September 16, 2011 - 10:25 AM

Citibank To Raise Monthly Fees On Checking Accounts

Citibank (0 stars)

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.

KenBDG5,132 posts since
Nov 29, 2009
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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".

Sandra

Sandra6 posts since
Aug 20, 2010
Rep Points: 74