Citi Wealth Administration – Up To $5,000 Bonus

Replace 1/3/25: Prolonged via 3/31/25

The Provide

Direct hyperlink to supply

• Citi is providing a bonus of as much as $3,500 whenever you open and enroll in a brand new Citi Private Wealth Administration account. The bonus you obtain is determined by the quantity of funds you fund the account with inside two months of account opening, the funds should stay there for 3 months after account opening and you will need to enroll in eDelivery of statements. The bonus tiers are as follows:
  • Fund $50,000 – $199,999 and get a $500 bonus
  • Fund $200,000 – $499,999 and get a $1,000 bonus
  • Fund $500,000 – $999,999 and get a $1,500 $2,000 bonus
  • Fund $1,000,000 – $1,999,999 and get a $2,500 $3,000 bonus
  • Fund 2,000,000+ and get a $3,500 $5,000 bonus

The Superb Print

• To qualify to earn a money bonus reward, accounts should be funded in money or securities and the account enrolled in e-delivery of statements inside 2 months of account opening and the steadiness of the account should be maintained via the top of the month proven within the chart beneath. For instance, an account opened in October should fund their account and enroll in e-delivery of statements between 10/1/20 and 12/31/20, then should keep funds till 1/31/21.
• Provide legitimate for purchasers who’re 18 years or older who fund a brand new particular person or joint Citi Private Wealth Administration account between October 1, 2020 and December 31, 2020. Account and asset eligibility necessities are defined beneath. Citi Private Wealth Administration reserves the best to vary or cancel this provide at any time.
• Money or securities should come from an exterior, non-Citi, supply via an ordinary switch technique (e.g., an ordinary Switch of Property type, verify, digital funds switch, ADM deposit). “New-to-Citi Funds” are 1) funds deposited from exterior accounts or payees aside from Citibank, N.A. and a pair of) should be deposited utilizing home ACH switch, Direct Deposit, checks drawn on banks aside from Citibank, N.A., wire switch, trustee to trustee switch, or ACAT securities transfers.. Money deposits, Citi International Transfers, worldwide ACH transfers, and person-to-person switch providers resembling Apple Pay, PayPal^®, Venmo, and Zelle^®, don’t qualify as New-to-Citi Funds. New-To-Citi funds could also be deposited right into a Citibank retail account and transferred to the brand new CPWM account through the account funding interval outlined within the chart beneath. Nevertheless, transfers of current funds from a Citibank retail account should not thought-about New-To-Citi funds for the aim of this promotion.
• To qualify to earn a money bonus reward, accounts should be funded in money or securities and the account enrolled in e-delivery of statements inside 2 months of account opening and the steadiness of the account should be maintained via the top of the month proven within the chart beneath. For instance, an account opened in July should fund their account and enroll in e-delivery of statements between 7/1/20 and 9/30/20, then should keep funds till 10/31/20.
• The whole funding for functions of figuring out the bonus stage funding thought-about for the promotion is outlined as the full quantity of eligible money or securities obtained within the account minus withdrawals and transfers of securities out of the account as of the deadline to fund the account based mostly on the month of account opening. Distributions, curiosity, and dividends from investments is not going to be counted. Market fluctuation is not going to impression eligibility for a specific bonus stage.
• The quantity of the money bonus reward is predicated on the funding obtained through the promotional interval. The money bonus might be credited to the Citi Private Wealth Administration account for purchasers who had been enrolled within the promotion and have met the qualifying necessities said within the provide based mostly on the date the account was opened.
• Restrict one bonus per buyer. If a number of accounts are opened or funded by a buyer, the provide will apply to the eligible account with the best steadiness. A number of account balances within the title of the identical useful proprietor is not going to be aggregated for functions of this provide, besides if one account is a non-managed brokerage account and the opposite account is a managed account, during which case the eligible funding from these two accounts could also be aggregated for bonus qualification functions. Any further accounts opened through the promotional interval is not going to be eligible for bonus eligibility. Citi Wealth Builder accounts are excluded from eligibility for this bonus. This provide can’t be mixed with every other provide. All necessities of the provide, together with the dates within the above chart, pertain to each the eligible managed account and brokerage account.
• For functions of this provide solely, the first proprietor of a joint account might be thought-about the shopper. All accounts are topic to approval and relevant phrases and costs. Account should be open and in good standing on the time the bonus is credited to obtain the bonus.
• The promotion is simply obtainable for sure account sorts, together with particular person and joint accounts. Accounts not eligible for this promotion embrace however should not restricted to company and different enterprise/entity accounts, belief accounts (besides Dwelling Revocable Trusts and Household Revocable Trusts that are eligible), retirement plan accounts aside from IRAs and SEPs (e.g., 401(ok), cash buy pension plan, revenue sharing plan, and different ERISA plan account), property accounts, UGMA/UTMA accounts, 529 faculty financial savings plan accounts, robo-advisory accounts beneath the Citi Wealth Builder Program, and insurance coverage merchandise (together with annuities). For questions on eligibility, please converse to a Citi Private Wealth Administration consultant.

Our Verdict

This appears to be like to be brokerage bonus because the money/securities solely should be within the account for roughly a month (e.g fund on the finish of the second month and preserve the funds in there for a month after that). Realizing Citi there is perhaps a gotcha that I’m lacking right here.

In keeping with the feedback this works for self directed accounts, however the arrange course of is extraordinarily sluggish on account of all of it being handbook.

Hat tip to reader EW

Publish historical past:

• prolonged via 12/31/24
• Prolonged to 9/30/2024
• Replace 4/2/24: Prolonged to six/31
• Replace 1/16/24: Prolonged to three/31
• Replace 10/2/23: Prolonged to 12/31/2023
• Replace 7/5/23: prolonged to 9/30/23
• Replace 5/17/23: prolonged 6/30
• Replace 11/1/22: Deal is again and legitimate till 12/31/22.
• Replace 7/5/22: Prolonged till 09/30/2022. Deal is healthier on the upper tiers. Hat tip to Mawney
• Replace 4/6/22: Prolonged till 06/30/2022
• Replace 1/2/22: Prolonged till 03/31/2022.
• Replace 1/4/2021: Deal is again and legitimate till 6/30/21. Hat tip to reader savingwizard
• Replace 10/11/20: Deal is again till 12/31/20.