CitiBank is one of the world’s largest financial institutions, with over a trillion dollars worth of assets. It features a wide scope of business operations, from small business and commercial banking, to credit cards and investment vehicles. Its personal banking options feature standard products like checking, savings, and money market accounts, as well as certificates of deposits. The bank also features services that are unique to CitiBank and offer customers intuitive means of managing their deposit accounts.
CitiBank’s checking account offerings differ by account requirements and benefits. It has a student account that has no monthly fees and comes free ATM use, and its premium account offers free financial advice from a CitiBank expert. Each checking account is part of the bank’s reward program that offers ways for customers to earn points that can be redeemed for various merchandise or travel rewards. CitiBank’s savings account options feature a basic savings account with no monthly fees when a minimum daily balance is kept, and a money market account that offers increased rates of interest as the account balance grows. CDs and IRA CDs give customers guaranteed interest rates and are available in term lengths from 3 months to 5 years. CitiBank regularly features special offers connected to various deposit accounts, from bonus reward points to cash back incentives.
CitiBank online banking is free and makes account management easy for customers. From bill payment to money transfers to account alerts, Citi’s Internet banking platform offers great functionality. Its smartphone and tablet apps make banking on the go convenient and offer nice user interfaces. Citi’s sophisticated financial tools also provide a means for customers to analyze expenses, create budgets, track their net worth, and set bill reminders. The bank operates its own ATM network of over 26,000 ATMs located across the United States and in 40 countries.
CitiBank has more than 200 years of history behind its name, being originally established in New York City as the First National City Bank in 1812. It is a subsidiary of CitiGroup, which is a company that operates numerous trusts and funds under its umbrella. The bank changed its name to CitiBank in 1976 moved to its current headquarters in Sioux Falls, South Dakota in 2011.
This is the best bank I've ever worked with hands down. Other banks I've dealt with have been beyond terrible (looking at you Wells Fargo). The customer service is always trying to help me and the bank gives me the tools to make my life easier with their website and mobile app. I couldn't recommend this bank enough. Opening a savings and checking account has never been so easy and painless. Depositing money and withdrawing is also a very easy and fast process.
I opened my Citibank checking account when I was 20 years old. I chose it because the branch was directly across the street from my law school. They were so friendly and helpful and explained everything to me (and there was lots to explain to my 20 year old self). I am now 41 and still have the same checking account. Over the years, Citi has changed their policies and tried to assess fees just for keeping your money with them. Every time I went into a branch to complain, they reassured me that my account was grandfathered in and no fees would apply. One time, they showed me how to set up bill pay to avoid fees. And now I use PopMoney all the time. It's so easy to send money to people. I like Citi a lot.
This bank is very fast and useful for me since I can carry out all my needs at any time and in any place without many impediments, I can check my account and make transfers at any time of my day to day, since the accessibility is very easy And fast, do not ask for many security requirements and somehow I like this because I am always very rushed in my affairs and I need to develop quickly when entering this bank and use their services, I can also pay for the services I use In my house and a % of very good savings for the client. I really do not demand much more from this bank, it is practically perfect for me, it adheres perfectly to all the steps I want to take when I enter your website. It's a very different bank and very useable.
Citi had a promo for opening a SAVINGS account. I fill out the application providing all information and accepting terms. I get an e-mail 3 days later turning me down for a bad credit rating. First, I am not applying for credit, I want to put money INTO their bank. Second, I do not have bad credit as I have zero debt or late payments. Now they have all my personal info and turned me down for what ? I even have a credit card with them so they know I have good credit. The promotion is a scam . I even replied back to them with no response to my reply. They must sit on their brains.
|FDIC Certificate #||7213|
|Return on Assets - YTD||0.97%|
|Return on Equity - YTD||9.08%|
|Annual Interest Income||$11.97B|
|Assets and Liabilities|
|Assets||Q1 2017vs Q1 2016||$1,369.3B$1,342.6B|
|Loans||Q1 2017vs Q1 2016||$585.4B$575.4B|
|Deposits||Q1 2017vs Q1 2016||$964.4B$947.4B|
|Equity Capital||Q1 2017vs Q1 2016||$147.2B$147.5B|
|Loan Loss Allowance||Q1 2017vs Q1 2016||$10.43B$10.90B|
|Unbacked Noncurrent Loans||Q1 2017vs Q1 2016||$6.38B$6.65B|
|Real Estate Owned||Q1 2017vs Q1 2016||$119.0MM$115.0MM|
Rates for Citibank are currently being reviewed.