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Make $100 With A Citibank Saving Account

written by John Chow on May 18th, 2007

Greg over at the reality TV blog dingoRUE.com sent me the heads up on a promotion Citibank is running in their search for new customers. Right now, if you sign up for a Citibank direct ultimate saving account, Citibank will give you $100 of cold hard cash.

$100 offer is only available for first-time Citibank deposit account customers, and will be paid only once to any individual. Persons who currently have or at any time have had a deposit account at Citibank (or any of its predecessor banks) are not eligible. To receive this offer you must apply for and open a new Ultimate Savings Account by 5/31/2007. $100 will be credited to your Ultimate Savings Account within 90 days from the end of the statement period in which your account was opened. Accounts must be in good standing at the time of the $100 credit.

All accounts are subject to approval. Customer must be a citizen or resident alien of the United States (U.S.) with a valid U.S. taxpayer identification number. The amount of any bonus payment will be reported to the IRS as interest earned in the year credited. Persons under 18 years of age are not eligible. Offer may be modified or withdrawn at any time without notice and is not transferable.

The ultimate saving accounts looks like a good place to park your money while you await the next million dollar deal to come along. Deposits are FDIC insured up to $100,000 and there is no monthly fee or minimum balance required to earn the 4.65% interest.

Too bad I’m not a citizen of the United States or I’ll open an account right away. If you’ve never been a Citibank customers, they’ll give you $100 to try them out. Getting $100 to open a bank account is good deal but it’s not as good as the deal my TD Bank ran a few months back. They gave anyone who was not a TD customer a brand new iPod Nano for opening account.

I think the banks have more money than they know what to do with.

Internet Business said on May 18th, 2007 at 5:05 pm

I always love these posts…but it seems like i will get locked into something and suffer. whats ur thoughts?

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John Chow said on May 18th, 2007 at 5:15 pm

Normally, when someone offers $100 you always wonder what’s the catch. However, banks spending $100 to get a new customer is nothing new.

As far as I can tell, there is no catch. You just need to open an account. The only catch I can see if you have to be brand new customer who has never used Citibank before.

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Mubin said on May 18th, 2007 at 5:17 pm

Theres always a catch john… You should know that, being the root of all evil with your blog about making money online with the internet…

Just thought I’d stuff some keywords in there for the hell of it.

Reply to this comment
Cheap Custom Content said on May 19th, 2007 at 12:37 am

What about Citibank Credit Card holders who’ve never opened a savings account with them at all? Are they disqualified from the ultimate savings account promotion?

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Law of Attraction said on May 20th, 2007 at 6:57 pm

thats sounds a good deal

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Kumiko said on May 18th, 2007 at 5:30 pm

Banks don’t do catches and there’s lots of regulations to stop them even trying. They want you to be a LOYAL customer - not someone who is there because they were tricked.

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Martin said on May 18th, 2007 at 5:08 pm

I would have also liked to setup an account, but I’m also not a US citizen.

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dot info domain said on May 18th, 2007 at 11:40 pm
Wolf Stone said on May 18th, 2007 at 5:20 pm

Darn it…if only i was a U.S. citizen !!

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InvestorBlogger said on May 18th, 2007 at 5:27 pm

This is a problem I could really help the banks with!

“I think the banks have more money than they know what to do with.”

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Roberta said on May 18th, 2007 at 5:49 pm

Keybank (where I work) was giving away
ipod nanos, too….they even give employees referral bonuses for getting other people to sign on.

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Law of Attraction said on May 20th, 2007 at 9:06 pm

ya the same was done by TD bank in canada

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the financial blogger said on May 18th, 2007 at 5:54 pm

I’m pretty sure you have to deposit a certain amount of money or that you have to keep the account open (and active) for a while. Scotia Bank offered something similar with a free airline ticket across Canada. Better off reading the fine prints!
MiKe!

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dot info domain said on May 18th, 2007 at 11:42 pm

that’s right

you also have to earn enough cash a month to open an account with citi

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Cheap Custom Content said on May 19th, 2007 at 12:40 am

Minimum income requirements…if I’m not mistaken, I think that only applies to Credit Card applications.

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Shawn Knight said on May 18th, 2007 at 6:30 pm

Free money just for opening an account… cant go wrong there :)

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Michael Nivola said on May 18th, 2007 at 6:35 pm

Funny isn’t it?

Well, I am sure John earns referral fees from Citibank.

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Jack said on May 18th, 2007 at 9:16 pm

yes. and that’s great isn’t it? i wish this blog was mine :)

Reply to this comment
John Chow said on May 18th, 2007 at 10:07 pm

It would be nice to earn a referral fee, but that’s a direct link.

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David Mackey said on May 18th, 2007 at 7:18 pm

Pretty sweet…Now do they have an affiliate program for this offer?

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Kris Karkoski said on May 18th, 2007 at 7:39 pm

Thanks for the link. I signed up and will be sending in my paperwork tomorrow.

I contacted a chat rep and she said it was free with no account minimums or fees. Depositing a $1 and getting $101+ out in 90 days. That’s awesome….and evil:grin:!

Reply to this comment
Cheap Custom Content said on May 19th, 2007 at 12:41 am

That’s good to know, Kris, thanks for sharing that bit of info. :smile:

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High Return Investing with Dax said on May 18th, 2007 at 7:46 pm

Open an account with my company and I’ll get you a 7% 3year CD. :shock:

You can get even better deals. The key here is that there are CD brokers. CD Brokers usually work with larger amounts such as $100K, but some may take smaller amounts. The CD brokers pool all the funds and repackage them back to the individual in the form of high yield instruments.

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Shaun Carter said on May 18th, 2007 at 9:18 pm

This sucks… I signed up for one last month and only get $50 :(

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Cheap Custom Content said on May 19th, 2007 at 12:43 am

They did say applications would still be subjected to approval. Maybe you didn’t have all the requirements, Shaun?

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Garrett Albright said on May 18th, 2007 at 9:41 pm

Citibank sucks. Sign up for this deal, and expect telemarketer calls from Citi every two weeks from now until eternity inviting you to get a Citi Credit Card.

Chase is no better… If you really want a Credit Card or savings account with no scum, look into credit unions in your area. Of the three credit unions I’ve been a member of in my life, I’ve never received a telemarketing call from any of them, trying to drag their customers further into debt.

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Cheap Custom Content said on May 19th, 2007 at 12:48 am

Overall, this looks like a totally legit promotion. The follow-up calls from Citibank telemarketers could be an issue for some though, but you can always say “no thanks, Mr telemarketer sir. Talk to you tomorrow? Perfect. Bye!” :twisted:

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InvestorBlogger said on May 19th, 2007 at 1:34 am

Nothing is free in this life. If you get $100 from one place, that’s because some else is paying for it.

“FREE” does not mean no cost. It merely signifies WHO is NOT paying.

Kenneth

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website copywriter said on May 21st, 2007 at 2:41 am

Interesting way of putting it — makes sense, too.

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ricdes said on May 19th, 2007 at 2:44 am

Some friends work in a bank here in Switzerland. They’r apprentices. They aren’t earning alot but they always get some things for every worke they’ve done. Last time it was a brand new Wii.

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Taste of life said on May 19th, 2007 at 3:28 am

Interesting oppurtunity, but this one is not for me…

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Don said on May 19th, 2007 at 6:18 pm

Citibank….yuk! They’d have to pay me more than $100 to use them!

Make it a cool grand with no strings attached and I might think about it :twisted:

:arrow: Don

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Wallet Rehab - Ways to save money said on May 19th, 2007 at 11:30 pm

Wow, what a great deal! too bad I already have a Citibank. But my relatives…

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Cheap Custom Content said on May 20th, 2007 at 1:48 am

Yeah, it’s something you can definitely let your family in on.

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InvestorBlogger said on May 20th, 2007 at 9:13 am

I wouldn’t mind a few freebies to cover all the interest charges I used to pay!
Kenneth

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website copywriter said on May 21st, 2007 at 2:48 am

Seems like a pretty good deal (if you don’t let the telemarketers get to you). The fine print may not have any unreasonable conditions, but it must include a minimum time frame wherein you have to maintain a certain amount of money.

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Sarthak K said on May 21st, 2007 at 12:31 pm

Wow, I wish I was in US to take on this offer :cry: Anyways, one of these days…

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Wahlau.NET said on May 22nd, 2007 at 11:02 am

Good to be in US

Anyway I have an account there b4

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Free iTunes Downloads said on May 23rd, 2007 at 10:20 am

Good luck if you’re kinda young and live in Arizona — my driver’s license expires on my 65th birthday in 2030 and the website won’t accept that as a valid expiration date. :evil:

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Chicago 2016 said on May 24th, 2007 at 8:28 pm

$100 is still better than a toaster, but doesn’t Citibank also give out iPods?

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