Citibank Review

Citibank is the commercial and consumer banking entity of the Citigroup, the financial services multinational. One of the four big banks of the US, most of the Citibank’s branches are situated in Chicago, Los Angeles, New York City, San Francisco, Miami, and Washington D.C. Headquartered in New York City, New York, the bank has 723 branches in the United States and over 2649 worldwide.
The bank gets 70% of its revenues from United States itself and the rest from Mexico, Poland, Russia, Pakistan etc. Citibank’s credit card division is one of its strongest suits and has many store issues credit card as well. These cards are from stores like Costco, ConocoPhillips, ExxonMobil, The Home Depot, Staples Inc, and Shell Oil. Here are the services that the bank provides to its customers.

Services Provided by Citibank

Citbank provides both consumer and commercial services to its customers that include savings and checking accounts, loans, mortgages, credit cards, investment, and business banking. The bank provides its customers with a diverse range of accounts and credit cards which are its most valued services.

Savings accounts

Citibank offers two types of savings accounts namely, Citibank Savings and Citibank Savings Plus. The Citibank savings account has a monthly fee of $4.50 with a $100 minimum balance required to open it. The fee can be waived if the consumer has a linked Citibank checking account. The APY offered is 0.04%. The Citibank Savings Plus account offers its APY as 0.01%, 0.04% and 0.08%, based on the balance in the account.

Checking account

Citibank offers 5 types of checking accounts which are designed to favor different types of customers. The first type is the Access account which requires the monthly fee of $10. The second type is basic banking which requires a fee payment of $12. The other three types allow the consumer to get some interest as well. The Citibank account give the interest of 0.01%, the Citi priority gives 0.03%, and the CitiGold gives 0.03%. However, the CitiGold requires a balance of $200,000 and does not have a monthly fee.

Loans

The bank offers home loans and personal loans to all its consumers. To make the experience more personalized, it offers a mortgage calculator and Financial Advisors to help you choose the right interest. The mortgages are provided for 30 years fixed.

Credit Cards

Citibank offers a huge range of credit card that caters to the need of every customer. The simplicity credit card can be taken without any Annual fees. The city double cash card is one of the most popular ones and offers good rewards. Apart from that, the bank also offers credit cards for frequent travellers, college students, and customers with high sums in their account.

Online Banking

Citibank was one of the first banks ever to have had a website. The bank has 24/7 online banking and also has an app that can be used to check balance, transfer funds, and more. This on the go banking is one of the most popular features of the bank and is well appreciated by the customers. For more information on online banking please check this Citicards login guide.

Investment Banking

Everybody wants to start investing soon but never know where to start from. Citibank helps its customers get into the investment area with the help of their Financial Advisors. These Advisors will help one understand what kind of investment suits them best based on their risk taking abilities and goals. Apart from that, the bank also offers online investing experience and manages your financial portfolio. Citibank also helps you set your financial goals in order to save for retirement, plan for college, save for a home, and more.

Business Banking

The business banking provided by Citibank is divided into two areas namely, small business banking and commercial banking. The small business banking is meant for companies whose sales are up to 10 million dollars. If it’s more than 10 million, Citibank offers commercial banking. The small business banking is quite a customized product that allows one to choose their services based on their business need, industry, and products. Commercial banking on the other hand is focused on providing solutions to make the business grow.

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