If you’ve been thinking about opening a new bank account, now might be the perfect time. Citi Bank is offering $325 to new customers who follow a few simple steps. This kind of reward is part of a growing trend where banks give out cash bonuses to attract new customers and stay ahead of the competition.
While the bonus sounds exciting, there are certain conditions you need to meet to qualify. Let’s break it down so you can understand exactly how to claim this offer.
What You Need to Do to Get the $325
To get this bonus from Citi, here’s what you need to do:
Step 1:
Open a Citi checking account that accepts enhanced direct deposits. This simply means the account should be able to receive regular deposits from various sources like your salary, government benefits, or pensions.
Step 2:
Once the account is open, you’ll need to deposit a total of $3,000 or more into it. These deposits can be done through multiple transactions, but the total must be at least $3,000. You have 90 days from the account opening date to complete this step.
Step 3:
Make sure you open the account by July 7, 2025, to qualify for the $325 reward.
You can find more details and begin the account setup by visiting Citi’s promotional webpage.
Why Are Banks Giving Away Money?
Banks like Citi are offering these cash rewards to encourage people to open accounts with them instead of with a competitor. It’s a strategy to increase their customer base and get people to keep their money with them for a longer time.
These offers are not uncommon, but each one comes with its own set of terms, especially around how much money you need to deposit.
Other Banks Offering Cash Bonuses
Citi isn’t the only bank handing out cash for new account openings. Here are a few more offers currently available:
Chase Bank – Offering up to $3,000, but only if you deposit $500,000 into the account. This offer is open until July 16.
Wells Fargo – Offering a $2,500 reward, but you’ll need to deposit $250,000. This offer ends in May.
Bank of America – You can earn a $300 bonus by following a few steps, usually involving setting up a direct deposit or meeting a deposit minimum.
SoFi – Also gives one-time payments to new account holders, though the amounts vary.
As you can see, the larger rewards require you to deposit big sums of money. But if you’re working with smaller amounts, the Citi Bank $325 offer is one of the most accessible options for many everyday customers.
The Citi Bank $325 sign-up bonus is a great opportunity if you have at least $3,000 you can deposit into a new account. Unlike other bank offers that demand huge deposits, this one is much easier to qualify for. Just make sure to open your account before July 7, and complete your deposits within 90 days. With more banks offering sign-up rewards, it’s a good idea to compare offers and choose the one that suits your financial situation best.