Included in this offering are 25 basic monthly transactions, the ability to earn interest, $5,000 per month in cash deposits, and access to over 60,000 ATMs with no surcharge fees when you use your Citibank Banking Card. The Interest Checking accounts are built for businesses that don’t need a lot of monthly transactions. Note that this fee can be waived by maintaining an average monthly balance of $5,000. Most zip codes Nav tested for this review showed a cost of $24 per month, but make sure to check yours on the Citibank site for an accurate quote. There is a $0.17 to $0.90 fee per transaction, as well as a monthly account maintenance fee that varies according to your zip code. Included in this offering are unlimited check writing and access to over 60,000 ATMs with no surcharge fees when you use your Citibank Banking Card. The rate is based on the 90-day Treasury Bill interest rate and is applied to the total balance across your eligible accounts. They allow you to generate earnings credit paid in the form of interest on your deposited balance as long as you maintain an average balance of at least $5,000 across your eligible Citibank accounts. CitiBusiness Analyzed Checking AccountĬitibank describes their Analyzed Checking accounts as a “non-interest bearing account that can help you offset eligible banking fees.” Note that this fee can be waived by maintaining an average balance of $10,000 in your eligible Citibank accounts. Most zip codes Nav tested for this review showed a cost of $30 per month, but make sure to check yours on the Citibank site for an accurate quote. There is a monthly account maintenance fee that varies according to your zip code. Included in this offering are 500 basic monthly transactions, $20,000 per month in cash deposits, and access to over 60,000 ATMs with no surcharge fees when you use your Citibank Banking Card. CitiBusiness Flexible Checking AccountĪccording to, its Flexible Checking plan “benefits companies with higher balances and more transactions,” which is typically more relevant for larger businesses. Note that this fee can be waived by maintaining a $5,000 average monthly balance. Most zip codes Nav tested for this review showed a cost of $15 per month, but make sure to check yours on the Citibank site for an accurate quote. There is a monthly fee that varies according to your zip code. Included in this offering are 250 basic monthly transactions, $5,000 per month in cash deposits, and access to over 60,000 ATMs with no surcharge fees when you use your Citibank Banking Card. Citibank bills it as “best for new and growing businesses.” Streamlined accounts are designed for small businesses and startups. CitiBusiness Streamlined Checking Account In addition to these features, each account type is customized for unique use cases. Includes a revolving line of credit and cross-account transfers. Includes measures that protect you from internet frauds. Manage bills from anywhere you have internet access. Also allows you to make cash withdrawals and deposits at ATMs. Debit cards for you and your employees.Manage your accounts from anywhere you have internet access. Features of Citibank Business AccountsĪll Citibank business checking accounts come with the following features: Does Citibank Offer Business Accounts?Ĭitibank offers four business checking account options under their CitiBusiness brand:Īll options come with a $1 minimum opening deposit requirement. Let’s take a closer look at what they have to offer. With that said, how do you choose the right bank with all the options on the market? If you’re looking for a nationally trusted bank with a long history of reliability, consider Citibank’s suite of business checking accounts. This can increase your likelihood of getting approved for business loans. Opening a business bank account - specifically, a business checking account - makes your business look professional to potential lenders. When lenders review loan applications, one thing they look for is whether your small business has a business bank account. Use our research to quickly and easily find the right account for your business. Opening a business checking account can increase your chances of getting financing and simplify your cash flow management.
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