Citibank is offering 16,000 Thank You Points for opening a new checking account by July 31 and funding it with at least $1000 (if you open the account online you have until August 30 to fund with that $1000).
Within 60 days of account opening, you must (1) enroll your new checking account in ThankYou® Network and (2) complete one direct deposit per month, two electronic bill payments or five signature debit card transactions and continue for three consecutive months.
Citi is promoting the 16,000 Thank You Points as worth a $150 gift certificate. But if you link your checking account to a Thank You Points account that is eligible to use the fixed redemption chart (eg one of the premium credit card-linked accounts or an Expedia-linked account) then each Thank You Point can be worth 2 or 3 cents apiece.
And up to $480 for funding a checking account and doing a few direct deposits or bill payments is pretty good.
But if you’re not going to keep a decent balance with Citi then you may be looking at some fees which eat away at the bonus, so be sure your banking situation makes sense here.