> "Citi reserves the right to close an account at any time and for any reason, with or without cause." This is the truth, and I imagine it applies to just abou

> "Citi reserves the right to close an account at any time and for any reason, with or without cause." This is the truth, and I imagine it applies to just about every bank. Years ago, a friend of mine had this happen to her with USAA. It took an Executive Email Carpet Bomb to get resolved, and I haven't banked with USAA since. I can absolutely recommend having a few accounts at different institutions, preferably at local or regional credit unions. I'm sure they have this same right to cease business with a customer, but I think it would be easier to resolve (if it happens in the first place). But by having multiple accounts, you can avoid losing access to the total sum of your money all at once, which is what happened to my friend.