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Opening New Bank Account Watch

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    Hi Everyone,

    I have to open a new bank account due to moving, I want to open a Citigold account but obviously don't have the 75,000 requirement for free banking. So will they open an account for someone with say an initial deposit of 1000GBP or USD?

    Does anyone have any experience of this, thanks!
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    (Original post by testing123test)
    Hi Everyone,

    I have to open a new bank account due to moving, I want to open a Citigold account but obviously don't have the 75,000 requirement for free banking. So will they open an account for someone with say an initial deposit of 1000GBP or USD?

    Does anyone have any experience of this, thanks!
    This is a UK forum. You would have better luck asking on a US one.
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    I wish to open a Citigold account with Citibank UK not in the US. Sorry for any confusion.
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    (Original post by testing123test)
    Hi Everyone,

    I have to open a new bank account due to moving, I want to open a Citigold account but obviously don't have the 75,000 requirement for free banking. So will they open an account for someone with say an initial deposit of 1000GBP or USD?

    Does anyone have any experience of this, thanks!
    OK brace yourself, this is going to be a radical idea so I suggest that you take a seat so when the pure genius involved here knocks you off your feet you're not going to hurt yourself.

    Are you ready?

    Step 1 - Go on their website and find either a contact phone number or email address.
    Step 2 - Ring that phone number, or email their contact address, and ask them.


    Seriously, how exactly are a bunch of students going to help you here? 99.99% of people on this forum won't have ever dealt with that particular bank and of the 0.01% that have the chances of any of them having dealt with the same situation you have is damn near zero, so any answers you do get will either be people taking a complete guess or just telling you what they have been able to see on that banks website.
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    If you pay me £10.00 I could ring them for you and ask?
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    (Original post by testing123test)
    Hi Everyone,

    I have to open a new bank account due to moving, I want to open a Citigold account but obviously don't have the 75,000 requirement for free banking. So will they open an account for someone with say an initial deposit of 1000GBP or USD?

    Does anyone have any experience of this, thanks!
    "You may be able to open a Citigold Current Account and enjoy all the rewards and benefits associated with Citigold for a fee of just £25 a month, following a meeting with a Citigold Relationship Manager."

    Expect them to direct you to a different type of citi account unless you have very rich relatives and/or excellent prospects.....
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    (Original post by testing123test)
    Hi Everyone,

    I have to open a new bank account due to moving, I want to open a Citigold account but obviously don't have the 75,000 requirement for free banking. So will they open an account for someone with say an initial deposit of 1000GBP or USD?

    Does anyone have any experience of this, thanks!
    Not going to happen, it used to be that you could open on and transfer £5,000 in and out to get the Gold benefits but now you need £75,000 which is too much to transfer £x in multiple times to trick the system.

    If you deposit £1,000 you'll be laughed out, Citi in the UK are aiming to be a HNWI bank only now, the UK is doing too good and now basic banking services are being scaled back in favour of banking for (U)HNWI which is more profitable.

    You'd be better off going for HSBC Advance or Club Lloyds.
 
 
 
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