I was cleaning out my email inbox today and I came across an email which caught my interest.  It was from CitiBank and it was about a promotional sign-up bonus to open a checking/savings account package.  I have never done one of these offers as they are typically not enough to tempt me.  However, this one is.

If you bring 200k or more to CitiBank, the sign-up bonus is $1,500.   It doesn't have to be 200k in cash, just 200k in total.  Investment accounts, such as IRAs, count towards that 200k.  Included in the deal is free etf trades for brokerage accounts.  This works fine for me as I hold nothing but etfs in my traditional IRA anyway.  

If you bring 50k or more, the sign-up bonus is $700.

If you are interested in this deal for yourself, you can read the details here:  Citibank Savings Bonus: Up To $1,500 | Bankrate

There are a few drawbacks, such as the $150 fee I will pay to transfer my IRA from Wells Fargo, the hassle of changing direct deposit, automatic transfers, etc.  And, there is no Citibank branch conveniently located to me.  There is a Citibank ATM not too far from my office, but that's it.  (If I wanted a cashier's check or something else you can only do in a branch, I'd have to drive about 1.5 hours from home, each way.) However, the account does include non-Citibank ATM fee reimbursement, so access to cash is not an issue.

I haven't made up my mind yet, but I am leaning towards it.