Citibank Launches Enhanced CitiBusiness Preferred Banking

New York (PRESS RELEASE – December 22, 2010) -Citibank introduced enhanced CitiBusiness Preferred Banking, offering small business owners more flexibility, convenience and value. With the enhancements, Citibank small business customers receive an array of additional services and upgrades, including five free online wires a month, either domestic or international; preferred pricing on loans; and Citibank’s best rates on money market savings accounts.

“The improved CitiBusiness Preferred Banking offer illustrates Citibank’s strong commitment to meeting the needs of small businesses in the communities we serve”

The new checking package is part of Citibank’s renewed commitment to serving the needs of small businesses, which are crucial to job creation and economic recovery in the United States. In addition, CitiBusiness Preferred Banking addresses the increasingly global nature of doing business today, as more and more small businesses look to tap global markets as a way to find new customers and drive sales.

The new CitiBusiness Preferred Banking package offers the small business owner:

  • Citibank’s best rates on its Business Interest Money Market Account
  • Citibank’s best rates on business loans
  • Five free online wires a month (domestic or international)
  • Free online stop payments
  • Free Citigold, Citibank’s top personal account

“The improved CitiBusiness Preferred Banking offer illustrates Citibank’s strong commitment to meeting the needs of small businesses in the communities we serve,” said Raj Seshadri, the head of Small Business Banking at Citibank. “Our new package provides small businesses with innovative solutions to meet their needs and incredible value, allowing them to focus on what matters most to them – running their business.”

By using all the benefits of the package, businesses can realize significant savings each year. In addition, Citibank will automatically upgrade all CitiBusiness Preferred Banking customers to Flexible Checking, which is uniquely designed to meet the needs of small businesses and nonprofit organizations.

Citibank’s goal is to partner with customers to give them the financial solutions and resources they need to better run their business, Seshadri added. And with CitiBusiness Preferred Banking, Citibank is even better positioned to help businesses reach their goals, she said.

About Citibank

Citibank is a member of Citi, the leading global financial services company, which has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

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