Checking accounts
Pros
- Wide-ranging ATM access. It has over 70,000 fee-free ATMs around the country, especially handy if you live in an urban area.
- Business checking option. Business owners can open a checking and savings account with Citi.
Cons
- Monthly fees. Most Citi checking accounts has associated monthly fees ranging from $10 to $30 a month.
- Strict transaction requirements. For basic Citi packages, you’ll need to maintain a daily balance of at least $1,500 to $10,000 to waive monthly fees.
- Overdraft fees. You pay each time you overdraw on your account, up to four times a day. If you have a connected Citi account, you pay a $10 fee to have money transferred to your account to cover the negative balance.