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Citibank vs. Chase
Explore products, rates and features from two of the Big Four.
Chase and Citibank are two of the largest and most popular banks in the country, both offering a wide range of banking options and convenient features. Here’s how their accounts, fees, rates and features compare.
Pros and cons of Chase vs. Citibank
Chase
Pros
- Innovative digital banking. Chase supports an efficient digital platform that allows for cardless ATM transactions and more.
- More branches. Its nationwide network includes 5,000 brick-and-mortar locations.
- Opening bonuses. Qualifying activities can earn you up to $600 deposited in your checking or savings.
- Lower overdraft fees. Chase charges lower fees than Citi if your balance drops below $0.
Cons
- Less robust rates. Neither bank offers stellar APYs, but Chase‘s come in behind Citi’s.
- Limited in-person support. Despite a huge network, Chase branches are in 26 states only. And unlike Citibank, Chase doesn’t support international branches.
- Higher monthly fees. Chase charges higher monthly fees on average for checking and savings than Citi.
Citibank
Pros
- More ATMs. Citibank‘s network of more than 60,000 ATMs dwarfs Chase‘s 16,000.
- International branches. Citibank supports many branches outside of the US, while Chase does not.
- Stronger interest rates. Citibank‘s rates are slightly higher than Chase‘s.
- Lower monthly fees. You’ll pay less to manage your money through Citibank on accounts that require fees.
Cons
- Fewer branches. Citibank supports only 700 branches in the US but 1,800 overseas.
- Slightly higher monthly fees. Citibank supports only 700 branches in the US but 1,800 overseas.
- Smaller bonuses.. Eligible account holders can earn up to $400 with Citi when signing up, compared to up to $600 at Chase.
- More limited CD options. Terms range from three months to five years at Citi, whereas Chase offers terms of one month to 10 years.
Chase vs. Citibank savings accounts
Chase offers two savings accounts that pay between 0.01% and 0.11% APY. You need to maintain a balance of at least $250,000 to earn the strongest rates. While Citibank offers one saving option, its competitive 1.85% APY makes it a clear winner in this category.
Winner: Citibank
Chase vs. Citibank checking accounts
Chase supports three standard checking accounts, one paying interest, whereas Citibank offers four accounts, two that pay interest. Both banks offer executive-tier accounts with priority services, fee waivers and more. Citibank‘s larger selection, slightly lower fees and higher rates give it the edge in this category.
Winner: Citibank
Chase vs. Citibank certificates of deposit
Both banks offer certificates of deposit with a variety of term options ranging from one month to five years. But Citibank comes out ahead in this category for its lower minimum deposit requirements, higher rates and various CD ladder strategies.
Winner: Citibank
Chase and Citibank‘s other products
These traditional banks offer similar product lineups, with slightly more options through Chase.
- Personal, car and student loans
- Home loans and refinancing
- Credit cards and reloadable cards
- IRAs
- Small business and commercial banking
- Brokerage accounts
- Student and military banking
- Chase Private Client
- Financial advice
Chase
- Personal and student loans
- Home loans and refinancing
- Credit cards
- IRAs & 401(k)s
- Small business and commercial banking
- Brokerage accounts
- Student and military banking
- 529 plans and college savings
- Foreign exchange
- Financial advising
Citibank
Chase vs. Citibank branches and ATMs
Both banks rely on accessible customer service, in-person support and ATMs nationwide.
| Chase | Citibank | |
|---|---|---|
| Branches | 5,000 | 1,300 |
| ATMs | 16,000 | 60,000 |
| Customer service |
|
|
Bottom line
Neither of these banks offer rates as high as digital institutions. But they are among the nation’s two biggest, trusted by millions of Americans.
Consider banking with Chase if you value opening bonuses and branch access. Internationally minded customers may appreciate Citibank‘s international presence and more than 60,000 domestic ATMs.
Before signing up for an account, compare your options to find the strongest rates, lowest fees and best perks for your banking lifestyle.
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