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CitiBusiness Checking account review

Earn account credits to offset transaction fees, but only by maintaining a $5,000 minimum balance.’s rating: 2.7 / 5.0


Its standout features include free ATM withdrawals, overdraft protection and mobile banking. But multiple account fees may detract from your business capital, and it’s only available in a few select states.

$24 per month





Minimum deposit to open


Fee$24 per month
Minimum deposit to open$0
ATMsover 60,000 fee-free ATMs
ATM transaction fee$0

How do I open a CitiBusiness Checking account?

To open a CitiBusiness Checking account, you’ll need to visit a branch in person to fill out an application. Unlike other accounts offered by Citibank, you can’t open this account online or over the phone.


You must meet the following criteria to be eligible for this account:

  • US citizen
  • At least 18 years old
  • Social Security number or tax identification number
  • Valid driver’s license or state ID
  • Valid bank account
  • Resident of California, Connecticut, District of Columbia, Florida, Illinois, Maryland, New Jersey, Nevada, New York or Virginia

Required information

Bring the following information with you when you apply at a local branch:

  • Name and date of birth
  • Business address and details
  • Social Security or tax ID number
  • Two forms of government-issued photo ID
  • Business registration certificate

What are the benefits of a checking account with Citibank?

Receive a CitiBusiness debit card and remote check deposit along with the following:

  • No Citibank withdrawal fees. Withdraw funds for free at any of Citibank’s 60,000 ATMs across the US.
  • No minimum opening deposit. Open an account with any amount.
  • Overdraft protection. Automatically transfer funds from a linked CitiBusiness savings or money market account for added overdraft protection.
  • Monthly earnings credit. Maintain a balance of $5,000 or more and earn credits to offset monthly service fees. The fees vary by state according to a Citibank representative we spoke with.

Citibank’s ATM network and fees

The CitiBusiness Checking account comes with a CitiBusiness debit card, which provides access to Citibank’s vast ATM network.

Citibank advertises that it has the largest fee-free ATM network by any major bank in the US. Its network includes over 60,000 ATMs nationwide, including those found in Costco, CVS Pharmacy, Target and Walgreens.

While there’s no fee for making a withdrawal at a Citibank ATM, expect a third-party surcharge when you use a non-Citibank machine.

What should I look out for?

This business checking account has a few drawbacks to take note of:

  • Maintenance fee. While monthly earnings credits may potentially help offset the cost, expect a $24 monthly maintenance fee.
  • Transaction fees. Unlike other Citibank business checking accounts, there are no free transactions included with the CitiBusiness Checking account. Fees vary by state and account according to a Citibank representative.
  • Limited availability. The CitiBusiness Checking account is limited to residents of California, Connecticut, District of Columbia, Florida, Illinois, Maryland, New Jersey, Nevada, New York and Virginia.

Compare with other business checking accounts

Name Product Fee Minimum deposit to open ATMs
NorthOne Business Banking
$10 per month
withdraw cash at any Cirrus branded ATM location (+1,000,000 locations accross the U.S + 2m worldwide), including MoneyPass ATMs

A digital bank account featuring free cash deposits, on-demand customer support and streamlined bookkeeping integrations.
First Internet Bank Small Business Checking
Up to $10 ATM fee reimbursements a month, plus free access to the ATM Plus Network
No minimum balance and no monthly service fee. Make unlimited deposits. Get reimbursed up to $10 per month in ATM fees
Chase Business Complete Banking℠
$15 per month
(can be waived)
over 16,000 in-network ATMs
This Chase business checking account has built-in card acceptance using a smartphone card reader. $300 bonus offer
Axos Bank Business Interest Checking
$10 per month
(can be waived)
ATM fees reimbursed at any ATM nationwide
Earn up to 0.81% APY and pay no monthly maintenance fee with an average daily balance of at least $5,000.
$4.99 for Lili Pro
32,000 fee-free ATMs nationwide
Freelancers get paid up to two days early and can automatically set aside money for taxes with the Lili digital bank account. Get up to 10 referral rewards, or $1000.
Brex Cash account
Brex Cash is an innovative cash management account that lets business owners choose whether to save or invest funds.
Anywhere Mastercard is accepted
Use your business debit card anywhere Mastercard® is accepted, with no monthly fees, sign-up fees, or annual fees.
BankProv Small Business Checking
From $0.01 to $99,999 account balances
Three branch locations in Massachusetts and four in New Hampshire. Plus, thousands of ATMs around the country through the SUM network
Attractive option for businesses that value safety and hold a high account balance.
Novo doesn't charge ATM fees and will reimburse any non-network fees you incur
A low-fee online checking account designed for small businesses and startups.
Axos Bank Basic Business Checking
ATM fees reimbursed at any ATM nationwide
No monthly maintenance fees, a low minimum deposit requirement, unlimited domestic ATM fee reimbursements and $100 bonus
LendingClub Tailored Checking
$10 per month
(can be waived)
Free ATMs worlwide + unlimited ATM fee rebates
with Tailored Checking get free ATMs worldwide and unlimited penalty-free transactions.
Huntington Business Checking 100
Free at more than 1,800 ATMs
Ideal for start-ups and small businesses with lower balances and checking activity.
Huntington Unlimited Business Checking
$20 per month
(can be waived)
Free at more than 1,800 ATMs
Unlimited transactions, waivable monthly fee and the choice of a bonus service come with this business account.
Huntington Unlimited Plus Business Checking
$40 per month
(can be waived)
Free at more than 1,800 ATMs
An Unlimited Plus Business Checking account is ideal for larger businesses with high monthly transaction volume and a variety of treasury management needs.

Compare up to 4 providers

How do I deposit or withdraw my money?

There are plenty of ways to manage the funds of your business:

  • Online. Transfer funds to or from an externally linked account.
  • Mobile check deposit. Deposit a check using the CitiBusiness Mobile app.
  • ATM. Withdraw funds for free at any of Citibank’s 60,000 nationwide ATMs.
  • Wire transfer. All incoming wire transfers cost $15, while outgoing domestic and international transfers cost $55 and $65, respectively.
  • In person. Visit a branch to conduct a transaction in person.

What other checking options does Citibank offer?

Citibank’s suite of accounts includes several other business products. Each account comes with a CitiBusiness debit card, remote check deposit, cash management services and overdraft protection:

  • CitiBusiness Interest Checking account. This interest-bearing business checking account offers 25 free monthly transactions and has a $22 to $30 monthly maintenance fee that varies by state. This fee can be waived by maintaining a minimum monthly balance of $10,000.
  • CitiBusiness Streamlined Checking account. A basic business account designed for startups and small businesses that comes with 250 free monthly transactions. The $15 maintenance fee can be waived by maintaining a minimum monthly balance of $5,000.
  • CitiBusiness Flexible Checking account. Geared toward growing businesses, this checking account offers 500 free monthly transactions, but requires a $10,000 minimum balance to waive the $22 to $30 monthly maintenance fee.

Bottom line

While overdraft protection and earnings credits help offset fees, this account has a number of cost-related drawbacks — including monthly maintenance fees, transaction fees and wire transfer fees.

Compare your options with additional providers to find the business checking account that meets the dynamic needs of your business.

Frequently asked questions

Checking account ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top checking accounts and rate them one to five stars based on factors that are most important to you. These factors include: monthly fees, the ease at which monthly fees can be waived, the breadth of ATM access, ATM and overdraft fees, and customer service.

Read the full methodology of how we rate checking accounts.

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