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Citibank vs Wells Fargo

Citibank is a large national bank best for high balance customers. How does it compare to Wells Fargo? Read our comparison chart below.

Citibank has 700 branches across the U.S. Accounts must be opened as a checking & savings package. Service fees and ways to waive are on the high side. Best for high-balance customers who can open one of the elite accounts to earn reward points, get preferred rates, and other perks.

While Wells Fargo is one of America's largest banks with over 5,400 locations and 13,000 ATMs. Offers many checking options, including Teen Checking and Opportunity Checking for those who had financial troubles. 24/7 customer service. Special CDs offers high rates with $5,000 minimum opening deposit.

Compare Citibank with Wells Fargo, side-by-side. Read on for an in-depth look, including ratings and reviews.

 

Citibank

Wells Fargo

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Read Citibank Review

 

Benefits and Features

Savings0.04% - 0.15% APY. No minimum deposit. $4.50 monthly fee unless you maintain an average monthly balance of $500.0.01% APY. Minimum opening deposit of $25. Monthly service fee of $5, unless you maintain a minimum daily balance of $300, or are under the age of 18.
CD0.10% - 0.40% APY. Terms ranging from 3 months to 5 years. Minimum opening deposit is $1,000 in CA, and NV, $2,500 in MD, DC, VA, and FL, $500 in all other markets.Standard Term CD: 0.01% APY. Terms of 3 months to 1 year. Minimum deposit of $2,500. Special CD: 0.01% APY. Terms of 5 months. Minimum deposit of $5,000. Bonus of up to 0.02% APY if you maintain a linked Portfolio by Wells Fargo relationship.
Money MarketA.k.a 'Savings Plus' Account. 0.01% - 0.10% APY. Minimum opening deposit $100.Also known as the Platinum Savings Account. 0.01% APY. Minimum opening deposit of $25. $12 monthly service fee, unless you maintain a minimum daily balance of $3,500. Bonus APY of 0.02% requires account linked to Portfolio by Wells Fargo relationship.
Customer Service24/7 Live Customer Service (Telephone)Available 24 hours a day, 7 days a week.
ATMs2400 ATMs across the country. Citibank also works at all MoneyPass ATMs, which means access to over 60,000 no-fee ATMs.More than 13,000 ATMs across the country.
IRA CDCan convert an IRA to a regular CD account. 0.10% - 0.40% APY. Terms ranging from 3 months to 5 years. Minimum opening deposit is $1,000 in CA, and NV, $2,500 in MD, DC, VA, and FL, $500 in all other markets.Standard Term CD: 0.01% APY. Terms of 1 month to 144 months. Minimum deposit of $1,000. Special CD: 0.01% APY. Terms of 5 months. Minimum deposit of $2,500. Bonus of up to 0.02% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account.
IRA Money MarketCan convert an IRA account to a regular Money Market account. 0.01% - 0.10% APY. Minimum opening deposit $100.0.01% APY. $100 minimum opening deposit.
Locations700 Citibank branches across 13 states (mostly in California and New York)Approximately 5,400 retail banking branches coast to coast.
 

CreditDonkey® Reviews

Savings
CD
Checking
Customer Service
Mobile App
Pros & ConsPros:
  • Perks for high balance customers
  • Many fee-free ATMs
  • Global presence
Cons:
  • No free checking option
  • Higher balance requirements
  • Low savings APY
Bottom LineLarge national bank best for high balance customers... Read full review Read full review

Citibank: Pricing information from published website as of 08/05/2020.

Wells Fargo: Pricing information from published website as of 08/05/2020 based on 91107 zip code.

Which is Better: Citibank or Wells Fargo?

Still need help deciding which bank is better? Read the in-depth reviews below. You may also be interested in comparing Citibank or Chase.


Articles on Citibank


Articles on Wells Fargo


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