Citizens Bank Promotions: Get up to $600 for Opening a New Account

Citizens Bank Logo

Are you thinking about opening an account at Citizens Bank and wondering if there are any good promotions going on?

You are in luck – Citizens Bank is currently running a promotion that can put hundreds of dollars into your pocket if you open a pair of checking and savings account, get a direct deposit ($500+), and bring in $15,000 of new money to your account.

As far as promotions go, it’s a pretty easy one with a low direct deposit requirement. The savings account bonus has a higher bar with its minimum balance requirement but it’s still doable if you plan on making Citizens Bank your primary bank.

We’ll discuss the deal, then mention locations and other bank information, and follow it up with how this offer compares with other major banks.

Here is another offer to consider:

#BOAoffer

Bank of America $100 New Checking Account Bonus

Bank of America will give you a $100 cash bonus if you open a new account by June 30th, 2021 and receive at least 2 qualifying direct deposits of $250 or more within the first 90 days. The monthly fee is easy to get waived.

Here’s how to get a new account bonus from Citizens Bank:

Table of Contents
  1. Get up to $600 from Citizens Bank
    1. How to Earn the Bonus
    2. Qualifications
  2. Who is Citizens Bank?
  3. Find a Citizens Bank Near You
  4. Citizens Bank ABA Routing Numbers
  5. How Does This Compare?

Get up to $600 from Citizens Bank


This currently active promotion with Citizens Bank is really juicy – get up to $600 when you open a Citizens Bank checking account online and satisfy some simple requirements.

How to Earn the Bonus

The terms of the deal are straightforward – get $300 when you open a new checking account and receive a direct deposit of $500 or more within 60 days, get an additional $200 when you open a savings account with a minimum of $15,000 (new money), and $100 when you do both.

Four checking accounts qualify for this offer – Student Checking, One Deposit Checking from Citizens Bank®, Citizens Bank Platinum Checking®, and Citizens Bank Platinum Plus Checking®. All but the Student Checking have maintenance fees that you can avoid (more on that below).

In terms of requirements, this offer is fairly pedestrian. Review our guide on bank account bonuses to see what other gotchas may be lurking.

Learn more
(This offer expires 1/21/2021)

Qualifications

This offer is available to those who live in the bank’s geographic footprint, which includes Connecticut, Delaware, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, and Vermont.

You can choose between four different types of accounts – the Student Checking, One Deposit Checking, Citizens Bank Platinum Checking, and Citizens Bank Platinum PlusChecking. The big difference between the four is their fees.

The Student Checking is only available to people under 25 but has no maintenance fee if you are under 25.

The One Deposit Checking Account has no minimum to open an account. There is also no minimum balance requirement ever. So you could open an account with $1 and never add another penny, you won’t be penalized. There is, however, a monthly maintenance fee of $9.99 each statement period. You can avoid this by making one deposit of any amount each statement period. This deposit or transfer can be done through a branch, ATM, online or mobile banking, telephone banking, or through a direct deposit or wire transfer.

The Citizens Bank Platinum Checking account also lets you open an account with any amount – there is no minimum initial deposit amount. There is a $25 monthly maintenance fee that is waived if you maintain a combined monthly balance of $25,000 or more. This includes deposit and investment accounts.

This account also pays a small percentage of interest, which is better than zero but not much better. If you’re getting a Citizens Bank account because of the promotional offer, I would go with the One Deposit Checking account rather than the Platinum Checking.

Finally, the Citizens Bank Platinum Plus Checking account has a $25 fee that is waived if you have a combined monthly balance of $25,000 and either a deposit of at least $5,000 in your primary checking account each period or you maintain an average daily checking balance of $10,000 or more.

Who is Citizens Bank?

There is more than one bank named “Citizens Bank.”

There are quite a few banks with the Citizens in their name. Quite a few are actually named Citizens Bank — such as a Citizens Bank with four locations in Missouri with the FDIC #14488.

The one we’re referencing today is Citizens Bank, National Association (FDIC #57957). It’s a National Bank insured since May 2005 with 1,085 locations across 13 states.

Find a Citizens Bank Near You

Citizens Bank has locations in thirteen states including Connecticut, Delaware, Illinois, Indiana, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, and Vermont.

You can use their branch and ATM locator to find the closest location to you. This offer is available online so you don’t really need to visit a branch to open it.

In fact, it’s only available online.

Citizens Bank ABA Routing Numbers

Citizens Bank has several ABA routing numbers as a result of mergers and acquisitions, so finding your ABA number depends on where you opened your account. You can look it up on the list below:

StateRouting Number
Connecticut211170114
Delaware031101143
Illinois241070417
Indiana241070417
Massachusetts211070175
Michigan241070417
New Hampshire011401533
New Jersey036076150
New York021313103
Ohio241070417
Pennsylvania036076150
Rhode Island011500120
Vermont021313103

How Does This Compare?

Citizens Bank is a sizable regional bank given all its locations and the bonus is a nice one. Being able to get $300 for a checking account with an easy $500 direct deposit requirement puts it as one of the better ones. Layer on the $200 (it’s really $300 with the $100 bonus for both accounts) for a savings account with a $15,000 new-to-Citizens funds and you have yourself a decent bonus structure.

Wells Fargo offers $400 for a new checking account as long as you can receive a total of $4,000 or more in qualifying direct deposits into the new checking account within 90 days from account opening in the first 90 days. The direct deposit requirement isn’t a monthly amount, you just need that amount over the qualifying period.

Chase offers $200 for opening a Chase Total Checking. With the checking account, you just need to set up a direct deposit of any amount. It’s a smaller bonus amount but the requirements are slightly easier.

Finally, we have Huntington Bank, which is more of a regional bank, with a $150 to $200 bonus depending on if you open a Huntington Asterisk-Free Checking Account or a Huntington 5 Checking Account.

As you can see, the Citizens Bank offer is pretty good. If you only want a checking account, Wells Fargo will give you more cash but when it comes to the combination of the two, Citizens will be a higher dollar amount.

Other Posts You May Enjoy:

The 14 Best Places To Sell Used Furniture

Which place is best to sell your used furniture depends on what you want to sell and if you are willing to ship it. If you are selling large household furniture, such as your old couch, local marketplaces like Facebook or OfferUp are probably your best bet. However, if you have high-end specialty items you'll likely need a broader market and have to ship it to the buyer. In this case, you'll want to look into places like Sotheby’s or Chairish. 

Jim Wang

About Jim Wang

Jim Wang is a thirty-something father of three who is a frequent contributor to Forbes and Vanguard's Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology - Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here's my treasure chest of tools,, everything I use) is Personal Capital, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you're on track to retire when you want. It's free.

He is also diversifying his investment portfolio by adding a little bit of real estate. But not rental homes, because he doesn't want a second job, it's diversified small investments in a few commercial properties and a farm in Illinois via AcreTrader.

Reader Interactions

Leave a Comment:

Comments

About the comments on this site:

These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

  1. Ed says

    Hi Jim,

    Do you know if you need to deposit the 15K into citizens at the time of opening the account or you can deposit over the month?

    • Jim Wang says

      I don’t know for certain but my reading of the terms seems to indicate you have to open the account with $15,000 and keep it there for several months.

  2. James says

    Jim,

    This is not as easy as it looks.
    They asked me to deposit the 15K when I opened it (same date).
    And, they asked me to open the checking and the savings at the same time (same date).
    It seems that they are eager to find the way not to give me the bonus.
    It is not like other banks’ promotion.
    They asked the very strict requirements (fine prints).
    It is not a plain language.
    It did not make any sense to me.
    Finally, they did not give me a bonus.
    It is so frustrating.

  3. Mary E. Almeda-Quintero says

    Opened both checking and savings accounts. Had so much trouble with the transfer of funds ($10K and $15K) which Citizens had initiated but never reflected in my accounts. After 3 weeks of trying to find out what happened (including 2 hour visits to the branches) to my money, I decide to make a claim to return amount of bank transfers to my original bank. Citizens finally said they cannot help me after almost a month of going back and forth! Terrible bank!

As Seen In: