Citibank’s Priority Banking, known as Citi Priority, offers enhanced banking services tailored for clients seeking a more personalized and rewarding banking experience. Understanding the eligibility criteria is crucial for those interested in accessing the benefits associated with this tier.
Eligibility Criteria for Citi Priority
To qualify for Citi Priority, clients must meet specific financial thresholds and account requirements:
- Combined Average Monthly Balance (CAMB): Maintain a minimum CAMB of $30,000 in eligible linked deposit, retirement, and investment accounts. This balance must be achieved in at least one of the first three full months after account opening to remain in the Citi Priority tier.
- Eligible Accounts: CAMB includes balances in checking, savings, money market accounts, certificates of deposit (CDs), individual retirement accounts (IRAs), and investment accounts offered through Citigroup Global Markets Inc.
- Account Ownership: The accounts contributing to the CAMB must be owned by the client or for which the client is the beneficial owner.
Benefits of Citi Priority
Clients who meet the eligibility criteria for Citi Priority gain access to a suite of exclusive benefits:
- No Monthly Service Fees: Waived fees for checking and savings accounts under the Citi Priority Relationship Tier.
- ATM Fee Waivers: Access to over 65,000 fee-free ATMs, including waived Citi fees at non-Citi ATMs.
- Enhanced Transaction Limits: Increased limits for Zelle® payments, debit card purchases, and daily ATM withdrawals.
- Investment Resources: Commission-free online trading through Citi Self Invest and access to Citi Wealth Builder, a digital investment platform with professionally created portfolios.
- Global Banking Privileges: No foreign exchange fees when using your Citibank® Debit Card abroad for purchases and cash withdrawals, and no-fee delivery of World Wallet® foreign currency service.
- Dedicated Support: Toll-free access to Priority Citiphone service when traveling.
Maintaining Citi Priority Status
To retain Citi Priority status, clients must ensure their CAMB does not drop below the $30,000 threshold for three consecutive calendar months. Failure to maintain this balance may result in re-tiering to a different Relationship Tier, with corresponding changes in benefits.
How to Enroll in Citi Priority
Prospective clients can enroll in Citi Priority by opening a checking and/or savings account and meeting the CAMB requirement. New-to-Relationship customers—those who have not owned a Citibank checking, savings, CD, IRA, or investment account in the 30 days prior—can choose their Relationship Tier upon account opening.
Conclusion
Citi Priority offers a range of benefits designed to enhance the banking experience for clients who maintain a significant relationship with Citibank. By understanding and meeting the eligibility criteria, clients can take full advantage of the services and privileges that come with this tier.
For more information or to open a Citi Priority account, visit Citibank’s official website or contact a Citibank representative.