## Enhanced Offer for Citi Basic Banking Package Checking Account: How to Maximize Your Benefits
Latest Update (October 2024): The offer has increased to a $325 bonus.
Earlier Update (January 2024): The account was rebranded, featuring a $300 bonus that is very easy to acquire.
### Stunning Benefits of the Citi Basic Banking Package
- $325 Sign-Up Bonus! Learn about the requirements below. Offer valid until January 7, 2025.
- $15 Monthly Maintenance Fee. Discover below how you can avoid it.
- No Early Termination Fee. While you can close your account anytime, consider converting to the Citi Basic Banking package to avoid high monthly balance requirements.
### How to Qualify for the Bonus
- This bonus is exclusive to new customers. Existing or recent Citi checking or savings account holders within the past 365 days are not eligible. Citi credit cardholders can still apply.
- Conduct two “Enhanced Direct Deposits (EDD)” into your new checking account within 90 days of opening. Deposits must total $3,000 or more. The EDD process is straightforward and explained further below.
### Understanding Enhanced Direct Deposits (EDD)
Enhanced Direct Deposits (EDD) is an exclusive term from Citi, distinct from Direct Deposit (DD). Officially defined as:
An EDD is an electronic deposit through the Automated Clearing House (“ACH”) Network comprising payroll, pension, social security, government benefits, and more to your account. It includes deposits from Zelle® and other P2P payments via ACH, including Venmo or PayPal. However, teller deposits, cash, check deposits, wire transfers, transfers between Citibank accounts, ATM activities, mobile check deposits, and P2P payments using a debit card do not qualify.
Methods qualifying as EDD include: Zelle, Venmo, PayPal, and standard ACH transfers, making it simple to meet the requirement.
### Avoiding the Monthly Fee
- Ensure a minimum of $250 Enhanced Direct Deposit (EDD) monthly.
### Evaluating Different Citi Checking Accounts
Visit the official website for a comprehensive comparison of Citi Checking Accounts.
### Summary
This remarkably easy-to-acquire welcome offer makes opening an account worthwhile. It also serves as a basic Citi checking account, offering a good downgrade path.
## Apply Today to Secure Your Sign-Up Bonus!
