Citibank, which traces its roots back to 1812 with the founding of the City Bank of New York, has more than 4,000 bank branches around the world. Citigroup has about $900 billion in deposits as of the end of the first quarter 2015 and oversees nearly 200 million customer accounts. Citibank also has a major global presence, as it offers banking services in more than 160 countries today.
Accounts vary according to where you live or work, but wherever you live, Citibank likely offers you an array of deposit products. The bank offers at least four checking accounts, including its basic checking account, student checking account, Citibank checking account and Citigold checking account. The Citigold account may be right for you if you carry a higher balance.
For savings, you can choose between a money market account and savings accounts that vary in their minimum balance requirements. You can also open a certificate of deposit (CD) with a term anywhere from three months to five years. Individual retirement accounts (IRAs) are also available for retirement savings from Citibank.
All deposit accounts are fully FDIC-insured for the maximum amount of up to $250,000 per depositor.
In spite of its more than 200-year history, Citibank has been in the forefront of several tech innovations that have changed the way consumers handle their banking needs. In 1977, Citibank opened its first ATM in Queens, New York. Today, Citibank customers can access their money for free at more than 34,000 in-network ATMs in the U.S.
Since 2010, the bank has opened Citi Smart Banking Branches in New York, Washington, D.C., Tokyo and South Korea that offer state-of-the-art digitalized banking services. In 2011, Citibank, Google and MasterCard PayPass introduced Google Wallet, which allows mobile payments to be made with as little as a tap on a mobile phone.
Citibank offers their customers online, mobile phone and tablet banking, including bill payments, transfers from one account to another, foreign bank transfers and automatic saving transfers. If you have tried PopMoney, another service provided by Citibank as well as other financial institutions, you probably already know how simple it is to split a bill with a friend or pay a babysitter instantly with just their email address or mobile phone number. You can open a Citibank account online or at a bank branch.
In addition to its deposit accounts, Citibank offers multiple fixed-rate and adjustable-rate mortgages for home buyers and refinancing homeowners, along with home equity loans and lines of credit. Other loan products available include personal loans and student loans. You can get overdraft protection for your checking account with Checking Plus, and the bank also offers a variety of credit cards, including student credit cards, balance transfer credit cards and rewards credit cards. You can also open an investment account with Citibank, and the bank's website offers extensive personal finance resources.
As one of the world's most expansive financial companies, Citi offers one of the broadest selections of financial products available today. For more on the latest deposit offerings from Citibank, please see the tables below.