Finance
Citi Revamps Checking Accounts, Vows to Remove Additional Fees
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Citigroup Inc. will make sweeping changes to its checking-account offerings as the banking giant makes a deeper push into wealth management.
The company is ditching standard account packages and will instead adopt “relationship tiers” that are based on customer’s deposit and investment accounts, according to a statement Wednesday. As customers plow more money into their Citigroup accounts, they’ll automatically be moved into new accounts that offer additional rewards.