Citi Priority Banking Package Review

Bank and invest at home, in-branch or on-the-go with Citi’s newest package with on-demand financial guidance, digital tools, and enhanced levels of benefits to support your financial lifestyle. As of November 7, 2016, The Citi Priority is apparently going to be the “new” CitiGold account, since the requirements have changed for CitiGold (No monthly fees, $200,000 has to be maintained in combined-balance).

You will still have the ability to earn ThankYou Points on your checking with a Citi Priority membership. The package will have an attached $30 monthly fee, waived with a combined average monthly balance of $50,000 or more in eligible deposits, retirement balances and investment balances.

Gold to Priority Transitions:

In the near future, November 7, 2016, Citi will be reserving the Citigold account package to those with $200,000 o rmore in deposits, retirement accounts, and investment balances. Citigold package members will be transferred to the new Citi Priority account package in the mean time. “There will be no changes to your account number or your enrollment status and how you earn your ThankYou Points.”

Citi Priority Account Options: 

• Citi Priority Account: $30 monthly fee, waived with $50k in assets with Citi
• Citigold Account: No monthly fees, requires $200k in assets with Citi to qualify
• Citibank Account: $25 monthly fee, waived with $25k in assets with Citi
• Basic Banking: $12 monthly fee, waived with $1500 balance or with direct deposit and bill pay
• Access Account: $10 monthly fee, waived with $1500 balance or one direct deposit or one bill pay

Citi Priority Features:

• Waived annual fee on Citi Personal Wealth Management Investment Accounts
• Relationship-based pricing on mortgages and select credit products
• Dedicated 24/7 Citi priority customer service
• Earn the highest level of ThankYou Points redeemable for gift cards, merchandise and more
• Global Travel Benefits, including no foreign exchange fees when you use your Citibank Debit Card

Our Verdict:

As of November 7, 2016, Citigold account package holders will be able to convert their gold package to a Priority Package. You will still receive all the same benefits of CitiGold, it’s just that this package is a more manageable option for those that cannot maintain $200,000 in combined-balance deposits. Evidently, there may be some benefits that Priority Package members cannot access such as the 15% Citigold relationship bonus for Prestige cardholders, but we’ll just have to wait and see.

This new integrated Banking account package will still allow you to earn ThankYou Points, as well as maintaining your enrollment status. If you’re committed to maintaining $50,000 in combined assets then this account package is definitely suitable for you. If not then don’t forget to check out other Bank Bonuses!