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  Citizens Bank Business Advisor Checking

Citizens Bank Business Advisor Checking

in Business Checking Accounts from Citizens Bank · Member fdic

Unaffiliated

Citizens Bank Business Advisor Checking

Unaffiliated

in Business Checking Accounts from Citizens Bank · Member FDIC

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Highlights
Monthly Fee 0 - 25
ATM Fee: Out-of-Network N/A
Minimum Balance to Avoid Monthly Fee 10,000
APY (Annual Percentage Yield) 0

Citizens Bank Business Advisor Checking Review

Citizens Bank Business Advisor Checking is offered by Citizens Bank, a bank founded in 1828 and based in Providence, RI. Citizens Bank Business Advisor Checking is available in 8 states across the USA.

Key Takeaways
  • 0% APY. As with most checking accounts, Citizens Bank Business Advisor Checking does not pay interest.
  • Charges a monthly fee. This account charges a monthly maintenance fee of up to $25, but the fee is waived if you keep a minimum balance of $10,000.
  • No minimum initial deposit. There is no minimum balance required to open an account.
  • Free bill pay. Pay your bills to practically anyone in the United States through Citizens Bank.
  • Hard credit pull. Citizens Bank may require a hard pull on your credit report to open a checking account.
Citizens Bank Business Advisor Checking Pros & Cons
Pros Cons
  • Access to physical branches.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • Access to a nationwide network of ATMs.
  • No signup bonus.
  • Does not earn interest
  • Only available in 8 states.
  • Higher than average wire transfer fees.
  • Monthly service charge.
Citizens Bank Business Advisor Checking FAQ

Are business checking accounts from Citizens Bank federally insured?

Yes, your Citizens Bank business checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #57957). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Citizens Bank Business Advisor Checking offer?

Citizens Bank Business Advisor Checking is not an interest-bearing account.

What are the account minimums for Citizens Bank Business Advisor Checking?

Citizens Bank Business Advisor Checking does not require a minimum initial deposit.

Citizens Bank Business Advisor Checking Account Minimums
Description Amount
Minimum Initial Deposit $0
Minimum Combined Balance to Avoid Monthly Fee $35,000
Minimum Balance to Avoid Monthly Fee $10,000

What fees does Citizens Bank Business Advisor Checking charge?

This account charges a monthly maintenance fee of up to $25.

Citizens Bank Business Advisor Checking Fees
Description
ATM Fee: In-Network 0
Check Copy 6
Debit Card Replacement Fee 0
Foreign Transaction Fee (Debit Card) 3
Monthly Fee 0 - 25
NSF Fee 39
Online Bill Pay Fee 0
Overdraft Item Fee 39
Overdraft Protection Fee (per transfer) 12
Paper Statement Fee 3
Returned Deposit Fee (Domestic) 20
Returned Deposit Fee (International) 20
Stop Payment Fee 35
Wire Transfer Fee - Domestic (Incoming) 18
Wire Transfer Fee - Domestic (Outgoing) 30
Wire Transfer Fee - International (Incoming) 12
Wire Transfer Fee - International (Outgoing) 35

What features and perks does Citizens Bank Business Advisor Checking offer?

This account includes the following features:

  • Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
  • Fraud monitoring - Citizens Bank Business Advisor Checking monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Citizens Bank Business Advisor Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 8 states
  • Connecticut
  • Massachusetts
  • New Hampshire
  • New Jersey
  • New York
  • Pennsylvania
  • Rhode Island
  • Vermont

Feature Breakdown

Minimum Balance to Avoid Monthly Fee 10,000
Minimum Combined Balance to Avoid Monthly Fee 35,000
Minimum Opening Deposit Starting at $0
ATM Fee: In-Network 0
Debit Card Replacement Fee 0
Online Bill Pay Fee 0
Check Copy 6
Foreign Transaction Fee (Debit Card) 3
Monthly Fee 0 - 25
NSF Fee 39
Overdraft Item Fee 39
Overdraft Protection Fee (per transfer) 12
Paper Statement Fee 3
Returned Deposit Fee (Domestic) 20
Returned Deposit Fee (International) 20
Stop Payment Fee 35
Wire Transfer Fee - Domestic (Incoming) 18
Wire Transfer Fee - Domestic (Outgoing) 30
Wire Transfer Fee - International (Incoming) 12
Wire Transfer Fee - International (Outgoing) 35
Bank Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • Nationwide ATM Network
  • Check Images with Statement
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Fraud Protection
  • Debit Card
  • Branch Access
  • FDIC Member
  • Expense Management

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