Anyone bank with Citigroup?

[mrsleeve]

wait you have a annual fee on a debit card ???????????????????

You are getting hosed, pull your money and go find a different bank (I say credit union) and make sure you let them know why you are leaving.

You may be a kid that dose not have much money, that dose not mean they take advantage of that fact either.

[Charlie]

Usually don't use my card. I had $70 on it,two days later they charged me $25 for an annual fee I was NEVER told of, just randomly. the same day I had 10 Dollars transferred and made a $30 purchase at sears. then a random gas purchase i made the day I put the $70 in went thru. Without that fee I would of had 20ish or so dollars on it. I'm a high school kid, I dont have much money.

Basically I don't give me self much of a buffer , usually only have $30 or so on it, but the one day I decide to use it they take another $25 out.

if I was told of this fee, and they randomly didn't take it out, i wouldn't be out $82.41 in fucking over-draft fees. It wasn't in writing, they just randomly took it out.

Most checking accounts have a minimum balance you have to keep. I'm gonna bet it's over 100 bucks.

-Charlie

[Vedubin01]

looks like it gets a bit better......Citi said the order came from the FEDS

http://www.prisonplanet.com/citigroup-warns-customers-it-may-refuse-to-allow-withdrawals.html

A new advisory being sent by America’s third largest bank to its account holders has stoked fears that major financial institutions could be preparing for old fashioned bank runs if the economy takes a turn for the worse.

Originally reported by John Carney over at the Business Insider website, Citigroup is sending the following information to customers along with their bank statements.

“Effective April 1, 2010, we reserve the right to require (7) days advance notice before permitting a withdrawal from all checking accounts. While we do not currently exercise this right and have not exercised it in the past, we are required by law to notify you of this change.”

An almost identical advisory to the one being sent out can be read on page 22 of Citbank’s Client Manual effective January 1, 2010, which can be read here from Citibank’s own website.

“We reserve the right to require seven (7) days advance notice before permitting a withdrawal from all checking, savings and money market accounts. We currently do not exercise this right and have not exercised it in the past,” states the manual.

According to the Future of Capitalism blog, Citigroup originally claimed that the warning was only sent nationwide as a result of a mistake, but that the measures do apply to account holders in Texas.

However, in a statement, Citigroup confirmed that they had reserved the right to impose the new 7 day rule on all account holders nationwide, but claimed they had no plans to enforce it. The bank stated that they had been forced to enact the new policy as a result of federal regulations.

“When Citibank moved to unlimited FDIC coverage in 2009, we had to reclassify many checking accounts to allow for immediate withdrawals in order to ensure all customers qualified for the additional coverage. When we moved back to standard FDIC coverage with most major banks in 2010, Citibank decided to reclassify those accounts back to make them eligible again for promotional incentives. To do so, Federal Reserve Reg D requires these accounts, called NOW accounts, to reserve the right to require a 7-day notice of withdrawal. We recently communicated this technical requirement to our customers. However, we have never exercised this right and have no plans to do so in the future,” reads a statement released by the bank.

Over the last 18 months, numerous rumors of bank runs, “bank holidays,” and limitations on access to cash at ATM’s have been floating around. Citigroup’s new policy to restrict withdrawals won’t do anything to calm such fears.

As we reported back in 2008, the Federal Deposit Insurance Corp., which guarantees individual accounts up to $100,000, only has about $50 billion to “insure” about $1 trillion in assets across the nation’s financial institutions.

This revelation prompted fears that an accelerating amount of bank closures could absorb FDIC funds and leave holders of money market and traditional savings accounts exposed.

[rwh11385]

Most checking accounts have a minimum balance you have to keep. I'm gonna bet it's over 100 bucks.

-Charlie

None of mine do. The only one I ever had and canceled was interest-bearing.

But Obama sucks. He is messing up people's rewards with their credit cards by trying to save idiots. Ugh. This is America, find some personal responsibility.

I love abusing Chase though. I bitched at them for lowering my rewards with their new system and got $25 just for complaining. It's not like I bank much through them, my loans are through credit unions and savings are with INGDirect (PM me if you want an account they also have kickass referral incentives), and my new Schwab credit card is going to give me 2% back so I'll be using it instead.

Use big banks for what they are good for, throwing money at you for doing business with them, and then not do business with them that make them money. Haha. I've not let them make a cent off of me but am nearly up $1000 in incentives, rewards, charge backs they support me on, etc.

@2002, who cares about APR on a CC anyway?

[monticello]

i have a citigroup credit card. i just received a notice from them stating that if i don't start carrying a balance of 2400 dollars a year they will start chargring me an annual fee of 60 dollars.

[blunttech]

I have a Credit card through them. Was recently informed that my APR will go from ~13.5% to 29.99% in august!

I have never carried a balance let alone, made a late payment or defaulted. The only reason I've stayed with them this long is they keep sending me $50 cashback checks every few months which is pretty nice.

I might dump them and start using my AmEx. Benefits arent as good, but their customer service rocks.

the cash back cards and rewards cards, free mileages cards are such a fucking scam. you are paying for that shit indirectly. nothings free. the merchant has to pay for that shit and guess who raises prices to cover "cashback and free mileage offers'?
I never realized how it works till I started accepting rewards cards

[drift]

Looks like back-to-basic trend is going strong lately.
Big dogs < Small dogs.
:D

[Mtriple]

the cash back cards and rewards cards, free mileages cards are such a fucking scam. you are paying for that shit indirectly. nothings free. the merchant has to pay for that shit and guess who raises prices to cover "cashback and free mileage offers'?
I never realized how it works till I started accepting rewards cards

You should go back to accepting penors...

[blunttech]

You should go back to accepting penors...

I gave them up once i sampled the tender soft pallet and the tightness of the back of your throat.. mmmm now thats romance