Cloud RAN Accelerators: which one is in the lead, and why? - Ericsson

Image
Press play on photo to watch the video Do you want to listen to this videoepisode instead? Play the audio only. Service providers' key expectations from 5G and toward 6G era are to successfully manage the immense traffic growth and leverage mobile networks to support new use cases. To put the expectations into concrete numbers – the projections say that 5G subscriptions will reach 1 billion, and the average monthly usage per smartphone will surpass 15 GB by the end of this year and then grow to 40 GB by the end of 2027. As mid-band brings the potential of high capacity to explore new use cases with high bandwidth demand, new considerations appear on how to get the most out of 5G in Cloud RAN, impacting service providers' strategy of designing their 5G networks and selecting the best RAN processing option. Talking about processing and the time-critical nature of some elements, different parts of the RAN software stack have different requiremen...
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Citibank Promotions Of September 2022: $200, $500, $700, $1,000, $1,500, $2,000 Bonus Offers - Forbes

Citibank is a top-20 global financial institution and the fourth-largest bank in the U.S.—and it wants to keep growing. To that end, Citi is looking to lure new customers and large deposits by offering up to $3,500 if you open an account.

Citi.com bonus offers generally require a customer to start a new account with "new-to-Citibank funds"—money deposited from an external account or payee other than Citibank using a domestic ACH transfer, direct deposit, a wire transfer or a check drawn on another bank. Cash deposits and person-to-person transfers (using services including Apple Pay, PayPal, Venmo and Zelle) do not count.

Here are the current Citibank bonuses available, with details accurate as of Aug. 31, 2022*

Citibank Promotions for 2022

Citi Checking Account Bonus: Earn Up to $2,000

Though Citibank branches are located only in major metro areas, customers enjoy access to one of the largest ATM networks, with more than 65,000 fee-free ATMs across the U.S. Also noteworthy about Citi is that it's running a welcome bonus offer for new checking accounts that does not require customers to set up direct deposits, which is a bit uncommon.

Several checking account packages are eligible for the promotion, with monthly maintenance fees ranging from $0 to $30.

  • What is the offer? Open a new Citi checking account package, deposit new-to-Citi funds within 20 days, hold you balance for an additional 60 calendar days, and receive a cash bonus: Deposit and maintain and $10,000 balance, earn $200; deposit and maintain a $30,000 balance, earn $500; deposit and maintain a $75,000 balance, earn $1,000; deposit and maintain a $200,000 balance, earn $1,500; deposit and maintain a $300,000 balance, earn $2,000.
  • When do you receive your bonus? Citibank says you will receive the cash within 30 calendar days after you complete the required activities.
  • Is there a time limit on the offer? The new account must be opened by Jan. 9, 2023.
  • Can you avoid the monthly service fee? If you choose a checking account with a monthly maintenance charge, you can get a fee waiver by maintaining a minimum average monthly balance across all your eligible accounts at Citibank. Avoid the $12 monthly fee on a Citi Basic Banking Checking account by keeping a combined balance of at least $1,500. Or, make one qualifying direct deposit and one qualifying bill payment per statement period. Avoid the $25 monthly fee on a regular Citi Checking account by maintaining a combined balance of at least $10,000. Avoid the $30 monthly fee on Citi Priority by maintaining a combined balance of at least $50,000.

Citi Savings Account Bonus: Earn Up to $3,500

Citi offers bonuses on a variety of savings accounts carrying monthly maintenance fees ranging from $4.50 to $30.

  • What is the offer? Open a new Citi savings account, deposit new-to-Citibank funds within 20 days (30 days if you open the account over the phone), maintain a balance for an additional 60 calendar days and receive a cash bonus.
  • How much can you earn? Citibank offers a tiered savings account bonus based on the amount you deposit and maintain in your account: Deposit and maintain a balance of $10,000 to $29,999, earn $40; deposit and maintain a balance of $30,000 to $49,999, earn $100; deposit and maintain a balance of $50,000 to $99,999, earn $200; deposit and maintain a balance of $100,000 to $199,999, earn $400; deposit and maintain a balance of $200,000 to $499,999, earn $800; deposit and maintain a balance of $500,000 to $999,999, earn $1,750; deposit and maintain a balance of $1 million or more, earn $3,500.
  • When do you receive your bonus? Your bonus will be deposited within 30 calendar days after you complete the required activities, Citi says.
  • Is there a time limit on the offer? The new account must be opened by Oct. 3, 2022.
  • Can you avoid the monthly service fee? Citibank savings account maintenance fees will be waived if you complete required activities or maintain a minimum balance:
    • Avoid $4.50 monthly fees on Access and Basic savings by maintaining an average balance of $500.
    • Avoid $10 monthly fees on Citi Access Savings Account savings accounts linked to checking by making one qualifying direct deposit or bill payment per statement period, or by maintaining a $1,500 combined balance across linked accounts.
    • Avoid $12 monthly fees on Citi Basic Savings Account linked to checking by making one qualifying direct deposit and one qualifying bill payment per statement period, or by maintaining a $1,500 combined balance across linked accounts.
    • Avoid $25 monthly fees on The Citibank® Savings Account by maintaining a combined $10,000 average balance across eligible linked accounts.
    • Avoid $50 monthly fees on the by maintaining a combined $50,000 average balance across eligible linked accounts.

Citi Business Checking Account Bonus: Earn Up to $2,000

Citi offers a slate of business checking options, including a basic CitiBusiness® Streamlined Checking Account account for smaller businesses; a CitiBusiness® Flexible Checking Accountaccount for companies with a high number of monthly transactions; and an CitiBusiness® Analyzed Checking Account account geared toward businesses that tend to keep bigger balances. The accounts come with monthly maintenance fees ranging from $15 to $30.

  • What is the offer? Open a new Citi Business Analyzed, Streamlined or Flexible checking account, deposit new-to-Citibank funds within 30 days, maintain your balance for an additional 60 calendar days and receive a cash bonus.
  • How much can you earn? As with its personal account promotions, Citibank offers business banking customers a tiered bonus based on the amount of money deposited and maintained in a new checking account. Here are the tiers: Deposit and maintain a balance of $5,000, earn $200; deposit and maintain a balance of $15,000, earn $500; deposit and maintain a balance of $25,000, earn $700; deposit and maintain a balance of $50,000, earn $1,000; deposit and maintain a balance of $100,000, earn $1,500; deposit and maintain a balance of $200,000, earn $2,000..
  • When do you receive your bonus? The bonus will be credited to your account within 90 days from the end of the month in which you complete the required activities.
  • Is there a time limit on the offer? The new account must be opened by Jan. 4, 2023.
  • Can you avoid the monthly service fee? Your fees will be waived if you:
    • Maintain a monthly average balance of $5,000 in CitiBusiness Streamlined Checking.
    • Maintain a monthly average balance of $10,000 in CitiBusiness Flexible Checking.
    • Maintain a monthly average balance of $5,000 in CitiBusiness Analyzed Checking.

What Else Should You Know About Citibank Bonus Offers?

Your Bonus May Be Taxable

Your Citibank welcome bonus will be reported to the IRS as interest income. Citibank will report your interest income on IRS Form 1099-INT for people in the U.S,. and on Form 1042-S for those in other countries. Citi advises that you consult with a tax advisor.

You Might Qualify Even If You're an Existing Citibank Customer

Citi's welcome offers are available to both new and existing Citibank customers, even some who already have an account similar to one covered by a bonus.

The only restriction on the business checking bonus is that you must not have held a Citibank business checking account during the previous 180 days.

Citibank Bonuses Are Not Available in All Areas

Citibank bonuses are not offered everywhere, so always check the terms and conditions to be certain you are in an eligible market.

Citibank business checking bonuses are fairly restrictive, as the accounts must be opened in a branch location. Those are currently found only in the following metro areas: Los Angeles; San Diego; San Francisco; Miami; Chicago; Baltimore; Las Vegas; New York; Washington, D.C.; and Orange County and Riverside, California.

Find The Best Online Savings Accounts Of 2022

Learn More

Bottom Line

If you're looking for a new business checking account and have thousands of dollars you're willing to tie up for a few months, you can receive a hefty welcome bonus from Citibank when you open an account.

But before you move forward, make sure Citibank is a good fit for you, given its rather limited retail banking presence. For all of your options, take a peek at the best bank bonuses to see what offers are currently available. You might be able to score a nice chunk of change without having to sit on a big hunk of your money.

Citibank Promotions Of September 2022: $200, $500, $700, $1,000, $1,500, $2,000 Bonus Offers - Forbes

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