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Citibank vs. Chase

Explore products, rates and features from two of the Big Four.

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Citi vs Chase
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 nearly 4,900 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 1.1% APY makes it a clear winner in this category.

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Winner: Citibank

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$
months
Name Product Interest rates (APY) Fee Minimum deposit to open Interest earned More info
Citi Accelerate Savings
1.10%
$4.50 per month
(can be waived)
$0
Read review
View details
This savings account offers no minimum deposit and a competitive APY in select areas.
Chase Savings
0.01%
$5 per month
(can be waived)
$0
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View details
A simple savings account with low, waivable monthly fees and a $150 signup bonus when you meet deposit and balance requirements.
Citi Savings

0.06% on $25,000+
0.04% on $0 to $24,999.99
$4.50 per month
(can be waived)
$0
Read review
View details
Your savings account will be opened within a package that determines interest rates, balance requirements, benefits and more.
Chase Premier Savings

0.01% on $0+ or higher with qualifying checking activity
$25 per month
(can be waived)
$25
Read review
View details
Earn $150 when you open this account and deposit $10,000 of new money within 20 business days and maintain that balance for 90 days.
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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.

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Winner: Citibank

Name Product Minimum deposit to open ATMs Out-of-network ATM fee
Chase College Checking
$0
16,000 Chase ATMs and nearly 4,900 branches nationwide
$2.50
New Chase customers can get a $100 signup bonus when they complete 10 qualifying transactions within 60 days of account opening. Plus no monthly service fee as long as you’re between 17-24 years and a student for up to 5 years.
Chase Total Checking
$0
Access to 16,000 ATMs and nearly 4,900 branches nationwide
$2.50
Get a $200 bonus when you open a new Chase Total Checking account and set up direct deposit within 60 days of opening your account. Chase's simplest checking account is easy to use and gives you access to 16,000 ATMs and nearly 4,900 branches. Available online nationwide except in Alaska, Hawaii and Puerto Rico.
Chase Total Business Checking
$0
16,000 Chase ATMs and nearly 4,900 branches
$0
If you’re new to Chase Total Business Checking®, get $300 when you open this account and complete qualifying activities. It boasts convenient features to help small and growing businesses reach their goals.
Citigold Interest Checking
$0
over 60,000 fee-free ATMs
$0
Banking and wealth management from a Big Four bank.
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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.

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Winner: Citibank

Name Product 1-year APY 18-month APY 2-year APY 3-year APY 5-year APY
Chase CD Relationship
0.1% on CDs of $10,000+

0.02% on CDs of $1,000 to $9,000
0.1% on CDs of $10,000+

0.02% on CDs of $1,000 to $9,999
Citi CD
0.25%
0.25%
0.25%
0.25%
0.25%
Chase CD
0.01%
0.01%
0.01%
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Chase and Citibank‘s other products

These traditional banks offer similar product lineups, with slightly more options through Chase.

    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

    Citibank

  • 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

Chase vs. Citibank branches and ATMs

Both banks rely on accessible customer service, in-person support and ATMs nationwide.

ChaseCitibank
BranchesNearly 4,9001,300
ATMs16,00060,000
Customer service
  • Phone 24/7
  • Social media
  • Live chat
  • Phone 24/7
  • Social media
  • No live chat
  • Email support

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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