This week’s Free Money Friday is great for anyone looking around for a new checking account! Citi is offering $100 for opening one of their accounts.
Taxes. The value of the cash offer will be reported to the IRS as miscellaneous income in the year received on Form 1099-Misc.
Balance Requirements. Be sure to check out the account balance requirements to waive the monthly fees. You can meet the requirements with linked deposits, loans, mortgages, and investment accounts.
$50 Bonus. If you’re not interested in the Citigold account, there is also a $50 bonus for the Citibank account.
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