How do I waive Citibank monthly service fee?

Eliminate Citibank Monthly Service Fee with a Substantial Balance

Citibank offers a convenient Account Package that provides access to a suite of financial services. However, this package comes with a monthly service fee of $25. If you’re looking to avoid this fee, consider maintaining a substantial average monthly balance across linked Citi deposit, investment, and retirement accounts.

Maintaining a High Balance

According to the bank’s terms and conditions, maintaining an average balance of $10,000 or more across eligible accounts will automatically waive the monthly service fee. This means that if you keep at least $10,000 combined in your Citibank checking, savings, money market, or investment accounts, you can benefit from fee-free banking.

Eligible Accounts

The following account types are eligible for the balance requirement:

• Citibank® Basic Checking Account
• Citi Priority Access® Checking Account
• Citibank® Premier Checking Account
• Citibank® Accelerated Savings Account
• Citibank® Simplicity Money Market Account
• Citibank® High Yield Savings Account
• Citigold® Investment Account
• Retirement Account (IRA, 401(k))

Monitoring Your Balance

To ensure that you maintain the required balance, it’s crucial to monitor your account activity regularly. You can check your balances online through Citibank’s website or mobile app. Alternatively, you can call the bank’s customer service line for assistance.

Benefits of Waiving the Fee

Waiving the monthly service fee offers several benefits:

• Cost savings: Avoid paying the $25 monthly fee, which can add up to significant savings over time.
• Convenience: No need to worry about paying the fee or ensuring you meet the minimum balance requirement.
• Flexibility: The required balance can be distributed across multiple account types, giving you the flexibility to manage your finances as desired.

Conclusion

If you’re a Citibank Account Package customer, maintaining an average monthly balance of $10,000 across linked deposit, investment, and retirement accounts is a simple way to waive the $25 monthly service fee. By keeping a substantial balance, you can enjoy fee-free banking and make the most of your Citibank accounts.