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Citizens Bank Review

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Reviews 20

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Sally Herigstad
Sally Herigstad
May. 03, 20214 min read

Citizens Bank summary

Citizens makes it easy for you to refinance one or more student loans in as little as fifteen minutes. Their loans are made by Citizens Bank, a fully insured bank. You can refinance your student loans to remove a cosigner, consolidate multiple loans, or lower your interest rate. The average Citizens customer who refinances student loans to take advantage of a lower interest rate saves $2,628 per year.


  • Apply to refinance student loans in 15 minutes
  • Automatic payment discount of 0.25 percentage points
  • No application, origination, or disbursement fees


  • Minimum of $10,000 in student loans to refinance
  • Must be a U.S. citizen, permanent resident, or resident alien
Citizens Bankat a glance

Editorial score

Online experience

"Has learning resources, access to rates, mobile app"


Customer services and support

Multiple ways of reaching lender, wide range of hours


Repayment flexibility

Offers multiple repayment plans- but no special repayment programs


Loan Types Covered

Covers most student loan types



Doesn't cover bad credit, low income borrowers


Citizens Bank Citizens Bank View Rates

Suitable For?

Student loan refinancing with Citizens is suitable for borrowers who are paying higher interest rates and want to refinance at current lower rates. Refinancing is also suitable for borrowers who want to consolidate multiple loans into one monthly payment.

Loan Features

Citizens offers student loan financing with these features:

  • Fixed-rate financing from 2.24% to 8.90% APR
  • Variable-rate financing from 2.97% to 9.15% APR
  • Loan refinanced from $10,000 and up

The Application Process

You can apply online for the Education Refinance Loan in 15 minutes, with three easy steps:

  1. Complete the application on your computer or mobile device. You can choose to add a cosigner to help you qualify, or to get the best rate.
  2. Select a fixed or variable rate loan with the number of years you would like to take to pay it off.
  3. Sign (with your cosigner, if applicable), and accept.

Loan Eligibility Requirement

To get student loan refinancing from Citizens, you must meet these requirements:

  • Age of majority in state of residence (unless qualifying cosigner applies)
  • Credit qualification
  • Not currently enrolled in school
  • For applicants with an Associate’s degree or no degree, must have made at least 12 qualifying payments after leaving school
  • U.S. Citizen, permanent resident, or eligible non-citizen with qualifying cosigner

You may be able to have someone cosign with you if you do not meet all the requirements.

Repayment Terms

You can choose to pay off your loan in 5, 7, 10, 15 or 20 years. The faster you pay off your loan, the less total interest expense you will pay.

Fixed-rate student loan refinancing starts as low as 2.24% APR, and variable-rate financing starts at 2.97%. 

The lowest interest rates apply to a 5-year repayment term and require the Loyalty and Automatic Payment discounts.

How Safe Is It? 

As one of the nation’s oldest and largest financial institutions, with total assets of $187 billion, Citizens Financial Group offers a safe, full-service banking experience. Citizens Bank works to continually enhance and maintain security standards and procedures. They use state-of-the-art security technology, including Secure Socket Layer (SSL) technology to transfer your information across the Internet to them.

You can help protect the security of your personal information by downloading the IBM Security Trusteer Rapport software. The download is free.

Help & Support

You can find help from Citizens in any of these ways:

  • Call 1-800-600-0008 for questions about your application, or 1-866-999-3767 for questions about your student loan, 8:00 am to 7:00 pm Monday through Friday and 8:30 am to 5:00 pm Saturday.
  • Message customer service via online chat.
  • Visit one of 1,000 branches in 11 states in the New England, Mid-Atlantic, and Midwest regions. 
  • Connect with Citizens on Facebook and Twitter.


Refinancing with Citizens combines the convenience and speed of online lending, with the security of dealing with one of the oldest and largest banks in the country. You can get competitive interest rates on your student loan refinance while consolidating multiple loans or removing a cosigner, if applicable. If you are paying a higher interest rate on your loans, refinancing at lower rates can lower your monthly payment and save you thousands of dollars over the life of your loan.

Physical Address

Citizens’ corporate headquarters are at:

One Citizens Plaza

Providence, RI 02903

Citizens Bank Citizens Bank View Rates


This review was created with information from:

  • Company website
  • Using the company matching tool/quiz
Sally Herigstad
Written bySally Herigstad

Sally has been writing about personal finance since 1998 and is the author of “Help! I Can’t Pay My Bills” (St. Martin’s Griffin). She is a licensed real estate broker in Washington state and a retired certified public accountant. She writes for BestMoney and enjoys helping readers make sense of the options on the market.‎

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PoorReviews 20
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Trustpilot reviews

See what some costumers are saying about Citizens Bank
Citizens Bank
BadReviews 20
  • author
    Margaret Bastien
    3 days ago
    I’d give them a minus

    I’d give them a minus, but not an option!! Wanted to take advantage of the promotion put $500.00 in a new account and get $300.00 they didn’t keep their promise!!! Never got return calls, they are very unprofessional and customer service is -10!!!


  • author
    Brian Owens
    Jul 01, 2021
    Gutter company with antiquated ways of…

    Gutter company with antiquated ways of doing things and offshore customer service. Just what you want with your back.


  • author
    Amy Madonia
    Jun 27, 2021
    Do not use Citizens for banking or…

    Do not use Citizens for banking or mortgage. Have a mortgage with them on auto pay since 2015. Suddenly May 2021 we can't pay our mortgage. All payments are reversed. Payments are coming from our Citizens Checking Account, which they forced us to open with the mortgage. Concerned about staying current, we transferred over $3,500 from the Citizens Checking to the Citizens Mortgage, which was shown as removed from our checking account but was NOT credited to our Mortgage. We spent hours and hours on the phone, only to be shuttled between Banking and Mortgage departments. No one could explain or help us. Finally, they said that we changed the account number on the Checking account, which the online banking portal does not allow a consumer to do. They promised us a call back, which they did not honor. Do not do business with this company. They are crooks.


  • author
    Ishraq N. Aljassar
    May 14, 2021
    Dishonest for marketing reasons

    They are a big liar they begged to give me a Credit card line to buy Iphone without any impact on my credit score but the result was inverted


  • author
    fran orenstein
    May 10, 2021
    Do I have to give it one star🤮🤮 it…

    Do I have to give it one star🤮🤮 it doesn’t deserve it! Have gone round and round with them. Don’t ever take their credit card! They play games with your credit rating...apparently I missed a $7.05 payment in July of 2020 and paid it the next month they reduced my credit limit from $4800 to $250! And ofcourse reported it to credit agencies! Best part of this is the ripoff artists don’t send a bill! Supposed to guess when and what is due!


  • author
    Joseph Guido
    Apr 01, 2021
    Worst business credit card site imaginable.

    This is the worst bank for a small business. The online access for the biz credit card and checking are completely separate, and they just did a massive overhaul to their credit card site. I have to enter my citizens checking account info every time i make a payment to my biz cc. The biz cc site is impossible to link with Quickbooks. Even when I log into the biz cc, I have to "search" for my account and then click on three more buttons just to see my transactions. It is a truly horrible, horrible experience, and I can't wait to go to the branch tomorrow and cancel my credit card account. How possibly did they just spend all that money revamping their biz cc site and this is the product they came up with - it's mind blowing how bad it is.


  • author
    Pam Marosan
    Feb 25, 2021
    If I could leave a negative star I…

    If I could leave a negative star I would!!! I am DONE with this bank. Back in November my debit card was compromised and I had to order a new one. They said it would take 3-7 days...18 days later I had my card. 18 flipping days! This ruined my families Thanksgiving because I did not have access to a Zelle transaction, there fore had no money. Now fast forward 3 months...a fraudulent charge on my card; the card was cancelled and a new one was EXPRESS mailed to me. I let the representative know I need the card BEFORE my birthday since I was going out of town; that was 6 days before I was to leave. Now 5 days after my birthday I STILL HAVE NO DEBIT CARD. I have been given every excuse under the sun, mail, weather, Covid, Fed EX, none of which help me out. May I suggest you allow your bank locations to print up a dang debit card? Seems like just about every other financial institution is doing it these days. I have 2 direct deposits that I am currently waiting on, as soon as I have that money in my hand I am closing this account. Your incompetence is staggering!.


  • author
    Connie Davis
    Feb 23, 2021
    Long Time satisfied client

    WOW. All these terrible reviews. I have had accounts at Citizens Bank for over 25 years going back to when it was called Charter One. Once I also had a mortgage which I have since paid off. My local branch has been robbed twice in the last 6 months but they have not caved in and closed it like many other banks would have done. I rarely do in person banking their website and app are great for bill paying and the rare check deposit since almost every transaction is online. When I do go in to my branch all the customer service representatives are friendly and helpful.


  • author
    Kai Hsieh
    Feb 04, 2021
    Citizens, the bank who DOESNT CARE ABOUT YOU!

    I have been banking with them for 7 years now, and submitted a claim for an incomplete transaction back in December. Ive bene calling every other day since January to work with someone regarding this claim since they quickly sided with the vendor without reviewing my proof of documents to support my case. Its been two week of daily calls (me calling) and NO ONE is calling me back. The customer service department says they can only email the claims department and that’s it, so Im S.O.L. Pretty much. This is a HORRIBLE place to bank with and i would NEVER RECOMMEND THEM! If it weren't a pain to move my business accounts I would have left this subpar bank long time ago. Be wise, RUN! They ARE HORRIBLE TO DO BUSINESS WITH!!


  • author
    Jan 30, 2021

    Cancelled my account with them due to a paltry $ 500 credit line ( I have $ 4,000 with Citibank ) and them holding on to my check for a week as they said it was an out of state check and they wanted to ensure it would clear. What ??????? Bye-Bye !


  • author
    Eric Ray Graham
    Jan 26, 2021
    The WORST bank I ever banked with

    The WORST bank I ever banked with, I gave this bank multiple chances, every time they failed. 1st time I had fraudulent activity on my account, they then cancelled my debit card, after the frustration and all they did the investigation and returned my money, WAIT THERE'S MORE! - I paid for checks, and used my account daily. I continued to receive NUMEROUS overdraft fees, I had issues with customer service, I filed complaints, everything you can think of and nothing. I spoke to several supervisors again nothing was done. OH JUST WAIT! I had $34.00 in my account ordered my checks, and after a couple days, money went missing and they told me I used it when I had NO debit card hahaha jokes on them, and it took them 3 weeks to send me a debit card, I NEVER GOT THE 1ST ONE!!!!! So, I called and complained. I got the 2nd card, trouble activating, I got to speak to someone - NO PIN # OMG I was MAD! - They said 7-10 business days for the PIN # to come in the mail. OH, I had to complain because I had 1 cent into the account and would NOT close the account unless it's $0.00n I had ENOUGH and shut down the account. I RATHER DEAL WITH BANK OF AMERICA THEN THEM! After weeks I was DONE with them!!!!!


  • author
    Nov 25, 2020
    Very Poor Customer Service

    Applied for a loan, called 3 times after 6 weeks of the initial request to check on status of loan, no one ever responded to my inquiry. Finally reached a representative to find out I was missing one document. The loan officer assignment to my account, never contacted me. I went to another bank and actually was approved for the loan with 48 hours.


  • author
    Nk. El
    Nov 14, 2020
    Financing Pulled Last Minute Due To Covid Virus

    Worst mortgage experience of our life that we will be reeling from for years. Citizens Bank pulled their financing after issuing a commitment just days before our closing in late March after the Covid virus temporarily shut down our business. We had 130% of the entire purchase price in liquid savings and would have been able to make years worth of on-time monthly payments from our savings in a worst case scenario. Citizens officials treated it as if our business would never reopen again. Citizens treated the situation as if we were abruptly closed permanently. Agents were extremely busy juggling multiple deals and would re-ask for the same documents multiple times over which wasted much time. Communication was good, but you have to stay on top of them to move the process along, which was difficult. Underwriter was extremely tedious to a point that they acted like they were looking for an excuse to kill our deal even with 800+ credit scores and substantial savings. Once they pulled their commitment, we even offered to put a significantly larger downpayment and even pay a higher interest rate to save the deal, but it did us no good. Citizens Bank completely kicked us to the curb last minute when the Covid virus struck us, and now we are in litigation with the seller for a missed closing deadline. We are now paying litigation legal fees that would equal months worth of mortgage payments. Please AVOID using Citizens Bank for your mortgage and home financing needs at all costs. Biggest mistake of our lives was to work with Citizens Bank based on a personal relationship we had with their agent from knowing them for years. Never again.


  • author
    Kian Wilkinson
    Sep 21, 2020
    Very poor customer service

    Very poor customer service. I had to get a new card to cancel one of my payments, and I ended up waiting for my new card for like 1.5 months. They sent it multiple times but I never got it until I changed the delivery adress to my friend's adress. And after all that they made me pay for fast delivery. And this is when I completely lost it so they had to refund me all the money they've charged me plus they gave me some kind of bonus. I thought the perk of choosing Citizens over Bank of America would be personalized customer care, but I got none of that. Very dissapointed.


  • author
    Sep 20, 2020
    1 hour of my life I can't get back

    Worst web site ever.


  • author
    Sep 11, 2020
    Good grief

    They are closing branches. At remaining branches they are limiting tellers. Longer lines? Duh, social distancing, small lobby. Really? I can't get a bank statement mailed to me. Once I went to a branch at a stop and shop to cash a check and they told me they didn't have enough money. Oh boy a bank with no money. I was speechless. I'll stop here. I think you get the idea.


  • author
    Ivan David Pachon
    Jul 09, 2020
    Nobody knows where is the money

    I switched banks and closed my bank account at Citizens Bank. I still have the document that says so. Unfortunately my email was still associated with that account in Zelle. A member of my family sent me money via Zelle using my email and now nobody knows where is the money. Zelle reports the transaction as completed (?) And so appears to the sender. Citizens Bank somehow received the money, even though I don’t have an account with them! But don’t know where the money is, and now are tracking the money. They say it can take up to 10 business days to solve the case. What happened to me could have happened to anyone. How is that Zelle and Citizens Bank don’t have easier procedure for a situation like this?


  • author
    Feb 09, 2020
    Rip off

    Terrible. They overdraft you 35 for less then a dollar. They had to pay off 136 million because of immoral overdraft fees. Employees in bank wont help so they make u call and wait hours on phone. worst experience ive ever had with a bank. They sell it to you like u have a day to cover fees but if its 11pm and 1am. 2 hours apart that doesn't count as a day. Look up lawsuits and citizens bank.


  • author
    John Costello
    Jan 31, 2020
    Needed past statements

    Needed past statements . Referred to research department . Took over a week to process. Charged me $85. PNC and Wells Fargo printed statements On request ,on site for free. Not happy with Citizens Bank.


  • author
    C.R.Blaze Cochran
    Sep 06, 2019



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