CITIBUSINESS Streamlined Checking carries a $15/month fee that is waived when you maintain an average daily collected balance of $5,000 or more. The account includes 250 free basic transactions per month — covering Checks Paid, Deposit Tickets, Deposited Items, ACH Debits, and ACH Credits — with a $0.45 per-item fee above that threshold. Eligible business structures include sole proprietorships, LLCs, S-Corps, C-Corps, partnerships, and nonprofits, with no minimum time in business or annual revenue required. Deposits are FDIC-insured up to $250,000 per depositor per ownership category under the Federal Deposit Insurance Act. The account does not earn interest on balances. Account opening requires a visit to a Citibank branch. Available in all 50 U.S. states. Best for established businesses with moderate-to-high transaction volumes, branch banking access, and international wire capability.
Last verified: July 24, 2026 · Source
Citibank, N.A. · FDIC Member · National bankVerified
| Monthly Fee | $15/month (waivable) |
| Fee Waiver | Maintain avg daily collected balance of $5,000 or more |
| Free Transactions | 250/month (checks paid, deposit tickets, deposited items, ACH debits & credits) |
| Per-Transaction Fee | $0.45/item above limit |
| Opening Deposit | $1 |
| Application Method | Branch only — visit a Citibank location |
| Entity Types | Sole Proprietorship, LLC, S-Corp, C-Corp, Partnership, Nonprofit |
| Interest Bearing | No — balances do not earn interest |
| Insurance | FDIC — up to $250,000/depositor |
| Availability | All 50 U.S. states |
| Cash Deposits | Free up to $5,000/month · $0.35 per $100 above |
| ATM Network | Allpoint + Cardtronics |
| Check Writing | Yes |
| Remote Deposit | Yes — CitiBusiness Mobile Deposit |
| Same-Day ACH | Yes — $0.75/transaction |
| Zelle® for Business | Yes — no fee |
| FedNow | Not specified |
| Multicurrency | No |
| Positive Pay | Yes |
| ACH Debit Block | No |
| Overdraft Protection | Yes |
| Overdraft Line of Credit | Yes |
| Corporate Card | Yes |
| Virtual Cards | No |
| Outgoing Domestic Wire | $17 online · $55 branch |
| Outgoing International Wire | $27 online · $65 branch |
| Incoming Wire | $15 (domestic or international) |
Waivable fees have qualifying conditions — see the FAQ for full terms.
Monthly Maintenance Charge
Fee per check or item presented against uncollected or insufficient funds. Capped at $140 per day. Negative available balance also accrues interest at Prime +3% per annum. CitiBusiness Safety Check Transfer overdraft protection available at no transfer fee.
Per-item fee for each basic transaction above 250 per month. Basic Transactions include Checks Paid, Deposit Tickets, Deposited Items, ACH Debits and ACH Credits. First 250 transactions per month are waived.
Domestic outgoing wire transfer fee. Rate varies by initiation channel. Additional fees may be incurred for mail or federal wire service.
Incoming wire transfer fee. Fee schedule lists a single Incoming Wire Transfer rate with no domestic/international distinction. Additional fees may be charged by other institutions
International outgoing wire transfer fee. Rate varies by initiation channel. Additional fees may be incurred for mail or federal wire service.
Incoming international wire transfer fee. Fee schedule lists a single Incoming Wire Transfer rate with no domestic/international distinction. Additional fees may be charged by other institutions
Currency Deposit Charges. First $5,000 in cash deposits per month is waived; $0.35 per $100 applies to amounts above $5,000. No hard cap on total cash deposits.
Deposited check returned unpaid.
Stop payment request fee. Rate varies by initiation channel.
Legal Process Compliance: fee per item for processing legal process orders (e.g. levies, subpoenas, garnishments).
Clerical Research: hourly fee for research requests on account history or transactions.
Foreign Check Collection: fee per item for collecting foreign (non-US) checks.
A retail shop or food service business organized as an LLC or partnership that processes 150–250 transactions per month — checks paid, deposit tickets, and ACH debits and credits combined. The 250 free basic transaction allowance covers a full month of moderate-to-high volume activity without overage fees. The $5,000 average daily balance waiver condition aligns naturally with the working capital levels these businesses maintain to cover payroll, supplier invoices, and recurring cost of goods. Physical branch access through Citibank locations and the Allpoint + Cardtronics ATM network supports cash deposit workflows for businesses collecting physical revenue.
An established consulting, legal, or professional services firm structured as a C-Corp or S-Corp with international client relationships requiring domestic and international wire capabilities. CitiBusiness Online's digital wire pricing — $17 for outgoing domestic and $27 for outgoing international — rewards firms that initiate wires online rather than through a branch, where fees jump to $55 and $65 respectively. Positive Pay protection provides check fraud controls essential for businesses issuing vendor checks, while the overdraft line of credit bridges short-term cash flow gaps between client payment cycles.
A nonprofit organization or general partnership that carries fluctuating cash balances and needs a safety net for timing gaps between grant disbursements and operating expenses. CITIBUSINESS Streamlined Checking explicitly accepts nonprofits and partnerships alongside sole props, LLCs, S-Corps, and C-Corps — broader entity coverage than many digital-first competitors. The account's overdraft protection with CitiBusiness Safety Check Transfer and dedicated overdraft line of credit provide the liquidity backstop that grant-funded organizations occasionally require when a funding tranche is delayed.
CITIBUSINESS Streamlined Checking is a full-service transaction account backed by Citibank, N.A. — a nationally chartered FDIC Member institution. Deposits are protected up to $250,000 per depositor per ownership category under the Federal Deposit Insurance Act. Account opening requires an in-branch visit; Citibank does not currently offer online account opening for this product.
The account includes 250 free basic transactions per month — one of the more generous free-transaction allowances among national bank business checking products. Basic Transactions are defined as Checks Paid, Deposit Tickets, Deposited Items, ACH Debits, and ACH Credits. Businesses with fewer than 250 combined items per month pay nothing beyond the monthly maintenance charge. Transactions above the 250-item threshold cost $0.45 each. Same-Day ACH is available at $0.75 per transaction for time-sensitive domestic payables, and Zelle for Business is fully supported at no fee for instant business-to-business and business-to-consumer transfers.
The $15 monthly maintenance fee is waived by maintaining an average daily collected balance of $5,000 or more. Businesses that consistently hold this working capital level pay nothing for the account. Cash deposits are handled with a tiered pricing model: the first $5,000 in currency deposits per month is free; amounts above that carry a $0.35 per $100 charge. The overdraft fee is $35 per item, capped at $140 per day. Negative balances accrue interest at Prime + 3% per annum until resolved. CitiBusiness Safety Check Transfer eliminates the per-item overdraft fee by automatically drawing from a linked account or credit line at no transfer fee.
Citibank's tiered wire pricing strongly favors CitiBusiness Online users. Outgoing domestic wires initiated online cost $17 versus $55 through a branch banker — a $38 per-wire saving. Outgoing international wires run $27 online versus $65 at a branch. Incoming wires — domestic or international — carry a flat $15 fee per transfer. Businesses that initiate wires frequently benefit materially from using CitiBusiness Online rather than branch-assisted wire execution.
Positive Pay is available, enabling businesses to upload a list of issued checks; Citibank then matches incoming check presentments against the issued-check register and flags exceptions — a critical control for businesses with significant check-writing volume. ACH Debit Block is not available on this account, which is a limitation for businesses requiring comprehensive ACH fraud prevention. Overdraft protection and an overdraft line of credit are both available, with the Safety Check Transfer service providing automatic coverage at no transfer fee.
The account supports check writing, Remote Deposit Capture via CitiBusiness Mobile Deposit and CitiBusiness Lockbox, and bill pay through CitiBusiness Online. Physical debit cards are issued for owners and employees. Virtual cards are not available. A corporate card is available as a companion product. Sub-account functionality is not supported. The account does not earn interest on balances — businesses seeking yield on operating cash should consider a companion CitiBusiness savings or money market product.
Yes. Citibank, N.A. is an FDIC Member institution. Deposits in CITIBUSINESS Streamlined Checking are insured up to $250,000 per depositor per ownership category under the Federal Deposit Insurance Act.
The monthly maintenance fee is $15. It is waived when you maintain an average daily collected balance of $5,000 or more during the statement period.
FedNow availability for the CITIBUSINESS Streamlined Checking account is not specified in the current product disclosure. The account supports ACH Credits and Debits (first 250 transactions free), Same-Day ACH at $0.75 per transaction, and Zelle at no fee. For the most current FedNow status, visit a Citibank branch or citi.com/small-business.
The account is available to sole proprietorships, LLCs, S-Corps, C-Corps, partnerships, and nonprofits. There is no minimum time in business or minimum annual revenue requirement. The business must be U.S.-based. Account opening requires an in-branch visit to a Citibank location.
The account includes 250 free basic transactions per month. Basic Transactions are defined as: Checks Paid, Deposit Tickets, Deposited Items, ACH Debits, and ACH Credits. Transactions above the 250-item threshold cost $0.45 each.
No. CITIBUSINESS Streamlined Checking is a non-interest-bearing account. Balances in this account do not earn interest or APY. Businesses seeking yield on operating cash reserves should consider a companion CitiBusiness savings or money market account.
No specific third-party accounting software integrations such as QuickBooks or Xero are listed in the current CITIBUSINESS Streamlined Checking product disclosure. The account's cash management capabilities include Remote Deposit Capture via CitiBusiness Mobile Deposit and Lockbox, Payroll and HR Services, and Trade Services for import/export transactions, but direct integrations with accounting platforms are not documented in the available product data.
Yes. The account offers both overdraft protection and an overdraft line of credit. CitiBusiness Safety Check Transfer automatically moves funds from a linked account or credit line to cover overdrafts at no transfer fee. Without protection, the overdraft fee is $35 per item, capped at $140 per day. Negative available balances also accrue interest at Prime + 3% per annum.
Bancadia may receive compensation when you click on product links. This compensation does not affect our editorial assessment or the accuracy of the product data presented.
Ready to open a CITIBUSINESS Streamlined Checking account? Visit a Citibank branch to get started.
Apply Now