[Expired] [CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, VT] Citizens Bank $600 Checking & Savings Bonus

Deal has ended, view more bank account bonuses by clicking here.

Update 12/22/20: Available again until 1/21/2021. Hat tip to reader moreD

Offer at a glance

  • Maximum bonus amount:
  • Availability: CT, DE, MA, MI, NH, NJ, NY, OH, PA, RI, VT
  • Direct deposit required: Yes, $500+
  • Additional requirements: See below
  • Hard/soft pull: Soft pull as long as you opt out of over draft protecton.
  • ChexSystems: Mixed data points
  • Credit card funding: None
  • Monthly fees: $9.99, avoidable
  • Early account termination fee: None
  • Household limit: None
  • Expiration date: December 26th, 2019 February 20th, 2020 June 11th, 2020 October 1st, 2020

The Offer

Direct link to offer

  • Citizens Bank is offering a bonus of up to $600. Bonus is broken down as follows:
    • Get a bonus of $300 when you open a new one deposit checking or Platinum checking account and make a direct deposit of $500 or more within 60 days
    • Get an additional $200 when you open a new green savings or platinum savings account with a minimum of $15,000 not currently on deposit with Citizens Bank and maintain that balance for 3 months (this must be the initial deposit according to comments)
    • Get an additional $100 when you do both

The Fine Print

  • To earn a $300 bonus, open your first new personal checking account, excluding Student Checking, between 9/12/19 and 12/26/19 and have at least one single direct deposit of $500 or more post to your new checking account within 60 days of account opening.
  • To earn a $200 bonus, open your first new personal checking account (excluding Student Checking) AND open your first new personal savings account on the same date between 9/12/19 and 12/26/19 with a minimum of $15,000 not on deposit with Citizens Bank that remains on deposit until date stated in the table below.
  • To earn the additional $100 bonus, you must qualify for both the $300 and $200 bonuses noted above.
  • Primary signer on the new checking and savings accounts may not be or have been a signer on any Citizens Bank personal checking or savings account within the previous six months.
  • The new account(s) must be open and in good standing to qualify for this offer.
  • Direct Deposit is recurring income electronically deposited into your Citizens Bank checking account and may include salary, pension, and other regular income.
  • Eligibility: Customer must open their first new Platinum Checking or One Deposit via Citizens Bank’s online account opening system accessed by clicking on one of the links on this page.
  • Customer should print this screen for their records.
  • Customer will only be paid a one-time bonus for this program.
  • Payout: Bonus will be deposited to the new checking account by the date stated in the table below and will be labeled as “Balance Builder Bonus.”
  • Bonus will be reported to the IRS for income tax purposes.

Avoiding Fees

Monthly Fees

Citizens Bank One Deposit Checking Account $9.99 Monthly Fee

The One Deposit checking account comes with a $9.99 monthly fee. Fee is waived by making one deposit each statement period. (According to this comment they really do count any deposit – even a transfer from another Citizens Bank account will trigger this.)

Citizens Bank Platinum Checking Account $25 Monthly Fee

Citizens Bank Platinum Checking: $25 fee is waived with $25,000 in combined deposits

Early Account Termination Fee

As far as we know there is no early account termination fee.

Early Account Termination Fee

Our Verdict

Previously you’ve been able to get a bonus of up to $600 but without the savings requirement, just a slightly higher direct deposit was required. That was a significantly better bonus as you didn’t need to tie up $15,000 for three months. I suspect this new offer will be the standard bonus that Citizens offers and because it’s churnable I do think it’s worth doing this bonus terms have been updated so don’t think it’s churnable anymore. (it’s basically the same as the popular Chase $600 checking & savings bonus). Because of that I’ll be adding this to our list of the best bank account bonuses.

Hat tip to reader Carlos

Useful posts regarding bank bonuses:

Post history:

  • Update 6/25/20: Deal is back until 10/1/20.
  • Link still working on mobile but not desktop
  • Update 4/19/20: Deal has been extended until June 11th, 2020.
  • Update 1/16/20: This link works until 4/16/20.
  • Update 12/30/19: Deal is back and valid until February 20th, 2020. Hat tip to reader Johnz
    William Charles
  • On December 22, 2020, 18:04
Tags: ct bank bonusesde bank bonusesdirect deposit requiredma bank bonusesmi bank bonusesnh bank bonusesnj bank bonusesno credit card fundingny bank bonusesoh bank bonusespa bank bonusesri bank bonusessoft pullvt bank bonuses

View Comments (880)

  • Thank you for your application.

    We’re sorry, but we are unable to open your account at this time.

    Our decision was based on information provided to Citizens by Credit Information Services. Credit Information Services did not make this decision and is unable to provide you with specific reasons why we are unable to open your account. However, you have the right to receive a free copy of your consumer file from Credit Information Services provided they receive your request within sixty (60) days from today.

  • My wife just got a new $600 triple post card snail mail offer from Citizen. Valid 1/11/24 to 3/7/24. $300 to open new personal checking account and make single DD of $500 or more within 60 days PLUS $300 to open new personal savings account on same date as above and make at least one deposit of $500 or multiple deposits totaling $500 into the new account every month for 3 consecutive months, starting the month after the new checking and savings accounts are opened.

  • P1~P4 opened via USPS mover coupon when moving from VA to VA back in 12/2022
    P1 P2 completed DD requirement via Cap1 push
    P3 P4 completed DD requirement via Ally push
    P1~P4 setup recurring 200 push into Savings
    P1 P3 received their $600 bonus approx. 4 months from account opening
    P2 P4 had to call in, easy to get the Savings approved, for checking (not real DD), had to trend gently but did end up getting it approved right away. Both bonuses posted shortly after
    P1~P4 closed accounts over phone in 06/2023

    Since P2 and P4 didn't use the same external institution, it's probably a Citizens problem to not post the bonus automatically.

  • DP from Pennsylvania, used code from mailer. FYI, I've churned the $400 bonus twice. This is my first time doing the $600 one:

    2023/12/09: "One Deposit" Checking and Savings account opened.

    CHECKING DATES

    2022/12/14: Opening deposit of $100 posts.
    2022/12/28: Transferred $5 from "One Deposit" savings to "One Deposit" checking.
    2023/02/01: Transferred $505 from Ally to Citizens.
    2023/03/07: Transferred $5..29 from "One Deposit" savings to "One Deposit" checking.
    2023/04/19: "Credit Memo Balbldr bonus" posts ($600).

    SAVINGS DATES

    2022/12/14: Opening deposit of $100 posts.
    2023/12/21: Transferred in $15100 from Ally.
    2023/12/28: See above.
    2023/03/07: See above.
    2023/04/23: Transferred out all but $100.

    I wasn't sure I'd get this because the $15100 arrived in the savings account 12 days after opening my account (the mailer said it must be transferred in within 10 days). Maybe it's business days, not weekdays? Either way, glad this came through. Thanks, Doc and team.

  • Has anyone received 1099 for bonus from last year? So far received nothing from citizen and there is no tax form from online account either.

    • Yes, both P1 and P2 could access 1099s from online banking towards the end of January. Now that the merger with Investors Bank has been completed I can no longer see them, but I can see prior 1099s from Investors Bank.

  • Doing a push from a Chase Checking account did NOT work when I opened the account in October 2022. No bonus posted.

  • Got a targeted mailer and an email today. Same deal, but given today's interest rates, the savings part isn't as attractive. I figure $300 on $15,000 for 3 months is 8% annualized.

  • I got this offer after I changed my address with USPS it was $300 for direct deposits (at least one over $500) and 200$ each month for 3 months to a saving account. I think i messed up August because I transfer the money from the checking to the savings account. Has anyone know if that was a dumb mistake or they will give me the bonus anyway?

    Asking because of this " not currently on deposit with Citizens"

    • I did as well but I am not in the target area, out of state. Still thinking of trying it.

      Are you in one of the eligible states?

    • I also got an email and a letter today 4/12/22. $600 total, $300 for depositing $500 in checking and $300 for depositing $200/month for 3months in savings. They both have an "Offer Code", but they are both the same code and it says single use.

      • I got the same letter in the mail, applied and misplaced it. Do you happen to have a copy of the reward terms and requirements?

      • I got the same mailer, link is citizensbank.com/checkingoffer and has a single use offer code. Also, the $300 savings bonus only works with the 15k minimum for 3 months. No extra $100 if you do both as well.

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