Citigold® Private Client
Fees
Minimum Deposit
Promotion
Our Rating
Citigold® Private Client
Fees
Minimum Deposit
Promotion
Our Rating
Citigold Private Client is an account package offering an all in one banking solution, designed to simplify cash management for Citibank’s wealthier clients. The Citigold Private Client package includes Citibank checking, money market and checking accounts with client perks including personalized guidance from wealth professionals and waived fees.
This service is available to those who have at least $1 million in liquid assets, which can be kept in the various linked Citigold accounts. At this level, there are no tiered structures, you’ll receive personalized service with help towards your specific investing goals.
Citigold® Private Client : Account Features
In addition to the regular checking account features, Citigold® Private Client offers premium benefits for customers. Here's a summary of what you can expect for:
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Access to Wealth Team
As a Citigold Private Client, you’ll have access to the wealth team, which includes a wealth advisor who can help you with your planning and investing needs. The wealth team also includes a Wealth Relationship manager and additional specialists.
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24/7 Dedicated Service Center
Citigold Private Clients have a dedicated service center offering 24/7 support including a remote relationship management team, so you can have any queries or concerns addressed at any time of the day or night.
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Metal Debit Card
Citigold clients can enjoy a unique metal debit card that offers World Debit Mastercard benefits including exclusive offers. There are higher daily limits for cash withdrawals and debit card purchases, with no fees for network ATMs and refunds on ATM fees with non Citibank ATMs around the world.
In addition, you'll be eligible to choose a premium Citi credit card.
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Easy Payments & Transfers
You can pay bills online , send money to friends and family using Zelle and manage other aspects of your account using your mobile device. You can also easily transfer funds between your linked accounts including your checking, savings and investment accounts.
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Minimal Fees
As a Citigold private client, you can enjoy waived fees on a number of Citibank account services. This includes sending domestic and international money transfers to other eligible Citi accounts via the Citibank Global Transfer Service.
There are also no foreign exchange fees when you use your Citigold Private Client debit card abroad and fees are waived for standard or personalized checks, overdrafts, incoming and outgoing wire transfers, money orders, and stop payments.
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Relationship Pricing
You can also enjoy relationship pricing on select credit products including mortgages.
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No Monthly Service Fee
Unlike the fee charged on other Citibank accounts, you’ll not pay a monthly service fee on the checking account in your Citigold account package.
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The Pros And Cons Of Citigold® Private Client Account
The Citigold® Private Client account may be good for your needs if you carry over 1 million dollars.
However, as with any financial product or service, there are both pros and cons associated with Citigold Private Client, which can help you discover if it is the right option for you.
Pros | Cons |
|---|---|
Personalized Service | You Need at least $1 Million |
Access to Citigold Concierge | Heavily Biased to Citibank Products |
Unlimited Non Citibank ATM Fee Refunds | |
Higher Limits |
- Personalized Service
Citigold Private Clients can access a truly personalized service, with dedicated service that can be accessed 24/7.
This includes help with investing and financial planning.
- Access to Citigold Concierge
Citigold Private Client customers can access an exclusive concierge service.
This can help you to make travel plans, make restaurant reservations, and access tickets to concerts and shows.
- Unlimited Non Citibank ATM Fee Refunds
If you’re using a non Citibank ATM anywhere in the world and you incur an ATM fee, you can enjoy unlimited ATM fee refunds
- Higher Limits
The Citigold metal debit card has higher daily ATM cash withdrawal and debit card purchase limits compared to the standard Citibank debit cards.
This makes it easier to make larger purchases without the risk of an embarrassing transaction rejection.
- You Need at least $1 Million
You need to have at least $1 million in liquid assets across your Citigold accounts.
If your combined balances drop below $1 million, you’ll lose your Citigold status and your accounts will be moved across to standard Citibank products.
- Heavily Biased to Citibank Products
While you can get access to some great features and perks, you will need to tie up $1 million in heavily limited Citibank products and investments.
Which Type of Customer is Best For Citigold Private Client?
Citigold Private Client is designed for high net worth individuals who have at least $1 million in liquid assets and who are prepared to use products heavily biased towards Citi. These types of customers are also likely to prioritize personalized service and may need help with financial planning and investing.
However, other types of customers who may be best suited to this service are those who can meet the minimum balance requirements of $1 million, but tend to rack up a lot of fees and charges on their existing accounts.
Since Citigold Private Client has very few fees, including wire transfer fees, if these customers tend to make a lot of transfers, travel frequently and use debit cards abroad, there is the potential to save a great deal on a month to month basis.
Is Citi a Good Bank to Work With?
Citi is one of the largest banks in the U.S and it has an impressive product line. As a Citigold Private Client, you will have access to relationship rates on a number of credit products including mortgages and Citi has a wide selection of products to choose from.
However, as with most traditional banks, one of the drawbacks of Citibank is that it does not have the best reputation with consumers. There are a number of review comments and complaints about the level of customer service. But, bear in mind that as a Citigold Private Client, you will have access to exclusive customer support, so you could eliminate this potential red flag.
How to Open a Citigold Private Client Account
Unfortunately, unlike the conventional Citibank account opening process, you cannot simply open a Citigold Private Client account online. If you’re a new customer, you will need to call Citi and speak to a representative or visit a local branch to schedule an appointment.
Existing customers who want to upgrade their account to Citigold Private Client can log in to schedule an appointment or call the customer support line.
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Advertiser Disclosure
The product offers that appear on this site are from companies from which this website receives compensation.
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FAQs
Does Citigold® Private Client earn interest?
There are no advertised rates for Citigold Private Client accounts since the products are tailored to the individual client. However, there are savings and investing options within the product portfolio, which will provide a return.
Does Citigold® Private Client offer a promotion?
This is an exclusive financial product, so Citi does not typically have promotions.
How do you close Citigold® Private Client accounts?
If you want to close your Citigold Private Client account, you will need to call your relationship manager who will be able to guide you through the closure procedure.
How We Review Checking Accounts: Our Methodology
The Smart Investor team has conducted a comprehensive review of checking accounts offered by various banks, taking into account several key factors to provide a thorough evaluation. Here's how we rated them across four important categories:
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Checking Account Features (60%): We meticulously assessed the features and benefits associated with each bank's checking accounts. Factors considered include account fees, minimum balance requirements, ATM access, overdraft protection, online and mobile banking functionalities, and additional perks such as rewards programs. Higher ratings were awarded to banks offering a wide range of features and benefits that cater to diverse customer needs, ensuring convenience and flexibility in managing finances.
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Customer Experience (20%): A positive customer experience is essential in banking, so we evaluated each bank's performance in this area. This included assessing the ease of account opening, quality of customer service, availability of support channels, and overall user satisfaction. Ratings were based on factors such as responsiveness, efficiency, and the bank's commitment to meeting customer needs, ensuring a seamless and satisfactory banking experience.
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Diversity of Other Financial Products (10%): We also considered the diversity of other financial products offered by each bank, such as savings accounts, loans, credit cards, and investment options. Higher ratings were given to banks with a comprehensive suite of financial products, allowing customers to meet their various banking and financial needs in one place.
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Bank Reputation (10%): The reputation of a bank is a crucial factor in decision-making. We examined factors such as financial stability, regulatory compliance, and public perception to determine each institution's overall trustworthiness and reliability. Higher ratings were assigned to banks with strong reputations, reflecting their credibility and ability to inspire confidence among customers.
By considering these categories and assigning appropriate weights to each, our review aims to provide valuable insights to help individuals make informed decisions when selecting a checking account
