Citibank Ultimate Savings Acct.
Jun 10, 2007 | 3:07 pm
#46
Join Date: Dec 2004
Posts: 8,229
You can make an ACH transfer to an external account, or directly transfer to the Citi Mastercard with the large balance, and so on. I just had a $10k deposit that was not put on hold. However, in the past they did hold an $8k deposit for about a week.
Jun 10, 2007 | 3:25 pm
#47
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 30,343
It seems to be a hit or miss process - some folks have smooth sailings from day one, some folks have all sorts of glitches. The aggrevation (and the constant follow-up) seems to be at high level.
Jun 10, 2007 | 8:35 pm
#49
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 30,343
Ahh, but you see, I had also opened the Citi e-checking and e-savings accounts with that 10k offer back in the winter and can easily transfer funds between all accounts and two CCs with them! 
This is how I will pay much of it, but I also have income to cover some of it. I shall do a test of say $9.15 to see how fast it moves...
.
This is how I will pay much of it, but I also have income to cover some of it. I shall do a test of say $9.15 to see how fast it moves... .
That is why I wonder whether you can ACH out from Ultimate Saving to pay off the CC used to fund the account to begin with.
Jun 10, 2007 | 9:28 pm
#50
Join Date: Jul 2004
Programs: CO Gold; SPG Gold***; AvisFirst;
Posts: 3,970
My understanding is, the Ultimate Saving has to be a standling alone account in order to avoid monthly maintenance fee without minimum balance. If you link it to any other Citibank account, you would have to maintain $6000 COMBINED balance in the "package" in order to avoid monthly maintenance fee in the Ultimate Saving. Otherwise, there is a 5.95 or 6.95? monthly for the Ultimate Saving. At least that was what has been discussed in length and verified with Citibank, according to posts on the related thread at FW.
That is why I wonder whether you can ACH out from Ultimate Saving to pay off the CC used to fund the account to begin with.
That is why I wonder whether you can ACH out from Ultimate Saving to pay off the CC used to fund the account to begin with.
2) Citi allows transfers tol/from any account - doesn't have to be a linked account... doesn't even have to be a Citi account.
Jun 11, 2007 | 6:46 am
#52
FlyerTalk Evangelist
Join Date: Nov 2002
Location: BOS, MHT
Programs: AA ltg, B6, DL, UA, AS, SPG/Marriott Plt, HH, Hyatt
Posts: 10,062
It does not work no more. sorry.
actually, all of this has failed. I just saw citi take back the 18k, the 18k miles and put the money back into my CC. Oh well. Sorry everyone. It dont work.(ending up paying no fees now so no real loss except the tease of nearly gaining many miles and a few pennies in interest, plus the feeling that you WON, but in this case, it was a no go after all/)
I have since called them and closed the account--that is, after a long, stupid convo with some far away CSR and her manager. Kind of a bummer but I pretty much expected this was too good to be true anyway. If it worked for any of you, then good luck.
Jun 11, 2007 | 11:05 am
#53
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 30,343
On the thread at FW, at least it has been working but people are mostly funding it with cards tied to TY network, or Chase and BofA cards. At least there were no failure reported, as yet. Though most that were successful seem not to have to go thru as many glitches as Marathon reported here, before the charge showed up on their cards.
actually, all of this has failed. I just saw citi take back the 18k, the 18k miles and put the money back into my CC. Oh well. Sorry everyone. It dont work.
(ending up paying no fees now so no real loss except the tease of nearly gaining many miles and a few pennies in interest, plus the feeling that you WON, but in this case, it was a no go after all/)
I have since called them and closed the account--that is, after a long, stupid convo with some far away CSR and her manager. Kind of a bummer but I pretty much expected this was too good to be true anyway. If it worked for any of you, then good luck.
actually, all of this has failed. I just saw citi take back the 18k, the 18k miles and put the money back into my CC. Oh well. Sorry everyone. It dont work.(ending up paying no fees now so no real loss except the tease of nearly gaining many miles and a few pennies in interest, plus the feeling that you WON, but in this case, it was a no go after all/)
I have since called them and closed the account--that is, after a long, stupid convo with some far away CSR and her manager. Kind of a bummer but I pretty much expected this was too good to be true anyway. If it worked for any of you, then good luck.
Jun 14, 2007 | 3:53 pm
#54
Original Member
Join Date: May 1998
Location: Miami/Ft. Lauderdale
Programs: AA 2MM Lifetime Platinum, Hyatt Globalist, Marriott Gold
Posts: 1,350
Has anybody tried to open an "Ultimate Savings Account" in the name of an existing "trust?" When we recently tried opening one, for our mother, this wasn't possible since EVERYTHING had to be done online. (At least we were told that by Citigold.) Even though her primary checking account is in the name of her trust, I think it was due to the "ultimate" needing to "stand alone." But if there's any way around it or if this has since changed, I would appreciate any info. Thanks.
Jun 15, 2007 | 7:18 am
#55
Original Poster
Join Date: Mar 2004
Location: Brooklyn
Posts: 214
You can only open the account in your own name. They said because of the additional information and security that they can do at a branch and can't do online, such trust or UTMA accts for children, etc are not allowed.