Citi simplified banking reddit

Citi simplified banking reddit. S. If you initiate a transfer from bank A - Citi (or any other bank) saying to pull from bank B, it’s going to take a loooong time to clear. Unless you need your credit high for the next 6 mo I’m looking to get a CC only for the balance transfer promo. If you want to see where Citi Simplicity Card and Citi Diamond Preferred may differ, take a look at the comparison chart below. If they do honor promo matching and it falls within whatever grace period that Citi set in the agreement you should be good to go. They imply that it’s a beneficial change, but hidden amongst all the mumbo jumbo is the increase from 1500 to 30000 to avoid maintenance fees. Consumer Deposit Account Agreement. Most bank pushes I do clear over night (provided I do them first thing in the morning. I fired citi after they allowed my newly opened $100k checking account to be hacked so I am unable to help on the following issue- Family members were "fired" from costco citi card and all other citi cards because of husband's involvement in legal cannabis business and they like the 4% gas etc from the citi card at Costco. I switched to basic, they moved me to the 10,000 one and charged me $37 in fees a month. Simplified banking is currently a technical disaster at Citi. 0. Sep 14, 2023 · I have an account at another bank paying 5% interest vs. My oldest card is 3 years old. You may have noticed Citi has introduced simplified banking for customers who open new accounts. My dad currently has a free checking account with Citi and he has no direct deposit. For additional details, please view your . If you view Citibank as a package, it has been the worst experience I've had dealing with a banking institution (I have and continue to use BofA, Chase, USBank, WellsFargo, and several smaller credit unions and online banks). It's like price matching. But she asked if hindi na siya qualified ngayon for NAFFL ng Citi Rewards since nakuha na niya ang Simplicity, then the answer is yes. Nov 17, 2023 · Update 11/17/23: Forced conversion will not happen until 2025. Fees and services are subject to change. Simplified Banking Fact Sheet Use this simple guide to learn more about your new banking Relationship Tier. The account I have it in earns about $125 a month on $30,000. Mar 21, 2024 · Citibank doesn't have a major retail banking presence in the Dallas area. AMEX and Chase are leagues beyond. In April 2021, Citibank announced it would exit its consumer banking operations in 13 markets, including Australia, Bahrain, China, India, Indonesia, South Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand and Vietnam. Posted by u/57gioluigi - 3 votes and no comments Recently was approved for the Citi Simplicity card for the 0% APR for 21 months. Description Standard Fees You would have to do the math, but one thing you should know is that you can't transfer debt from the same bank (i. Skip to Content As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. See my answer to a similar question here. New scam about Citi Business accounts US bank has some of the worst customer service that I’ve ever experienced. If icacancel niya yung Citi Simplicity niya, then dapat after 6 months pa siya mag-apply for a Citi Rewards to avail of their NAFFL promo if available pa siya by that time. After an hour today they said they would move me to the simplified banking but you must always have the direct deposit. Not necessarily. Contact Citi via live chat, secure message or call and ask if they 'match' promotional offers. I talked to my RM and seems like they don’t really know what’s going on there… For you $30k should keep you in Priority. So difficult to get anything done. Aug 23, 2023 · NEW YORK – Citi’s U. 1. If I put $30,000 in a Citibank account I would receive about $3 (or less) in interest each month. Citibank simplified (sneaky) banking? Saving. Specifically, in the TOS, it states that waiving is possible with "an Enhanced Direct Deposit is an electronic deposit through the Automated Clearing House (“ACH”) Network of payroll, pension, social security, government benefits and other payments to your checking, savings I'm looking to close my Citibank checking account due to their recent "Simplified Banking" change that will incur a monthly fee for me from April 2024 and on. May 13, 2024 · Similar to the Citi Simplicity® Card, the Citi® Diamond Preferred® Card charges a $0 annual fee and comes with an intro 0% intro APR on purchases for 12 months and 0% intro APR on balance . The lowest “tier” balance to avoid fees will now be $30,000 (likely at a very low interest rate). ) Same happened to me. I work for a company that has “ties” to US Bank and I swear I have never experienced the runaround and canned responses that US bank comes up with. . Not sure what citi is doing but they stink. 2 days ago · Both the Citi Simplicity Card and Citi Diamond Preferred are among the best cards to get for introductory 0% APRs on purchases and balance transfers. WalletHub's credit card comparisons and ratings are completely 20+ year citi banking customer here (and credit card customer for nearly as long). I see that Citi Simplicity offers that but I’ve been seeing mixed reviews about the bank and how the customer service is terrible. I need help understanding what the interest rate on my Citi Accelerate HYSA might do with their upcoming forced "simplified banking" scheme in May and really Starting around 2024, they will change accounts to use their new “Simplified Banking” paradigm. Like any other card issuers, citi has their own strengths and weaknesses. I know Reddit is a place where horror stories are told, but wanted to get feedback regarding people’s experience with this card and transfers. Of course Citibank wants me to put $30,000 in the bank and pay me pennies. In short: Tricky: Checking accounts will no longer earn interest regardless of tier. Hi! I need some clarification on waiving the $15 monthly service fee for a checking account with simplified banking. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. By 2025, all existing customers are scheduled to convert to simplified banking. Never hurts to reach out on cases like this. I want one with a 0% for 21 month. I've gathered that the best way to do this is to visit a local branch in person. I would avoid being locked into the US bank system. e. ) Anyway, so Citibank is the worst of the majors and the first bank I will completely exit. So a few things I've observed is that, when opening a new card, yes, your score could drop but over time you're paying off the credit cards and increasing your credit limit overall. Get the Reddit app Scan this QR code to download the app now Citi simplified banking . that balance from another Citi card can't be transferred to a Citi Simplicity card). Citi provided the following statement in an e-mail to account holders. We would like to show you a description here but the site won’t allow us. 12% maximum at Citibank. Checking fees are waived if you are Citi Priority or above (so $30k in average monthly balance), or if you receive a monthly $250+ enhanced direct deposit (payroll, etc. I've used Citibank for banking (deposit accounts and brokerage) and also for the custom cash credit card. Their cards have excellent earn rate, perfectly interchangeable between cash back and points (Amex for example gives you terrible cashout rates when redeeming MR for cashback). Unless you have already converted through Early Access, by 2025, all existing customers are scheduled to convert to simplified banking. You could transfer the Chase card's balance to the Citi Simplicity since they are different bank. I read that Citibank is switching to simplified banking and it requires to either have direct deposit or maintain $30K or more to waive monthly fees. Can't link an external business account to my personal checking at Citibank without going through some intermediary that'll mine my info. I guess it helped I was an authorized user on my mom's Best Buy Citi card. Whereas pushing from Bank B to Bank A (Citi) you’re looking at 24/48 business hours tops. Sep 13, 2023 · Right now you only need $1500 combined balances to avoid fees in basic banking. I had a ~700 score when I applied for a Citi Bank card and was approved for $4,800 and late increased to $5,800. Monthly Service Fee and Non-Citi ATM Fee Chart. By retiring account packages and introducing Relationship Tiers, Citi is streamlining its benefits and services and enhancing the customer experience. Retail Bank introduces simplified banking, a more straightforward way of banking. iiznnr ekfmds okb grwjb qjz lcb vfqx wwcwnc rmtjjxw kltcm