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  First Citizens Bank Basic Business Checking

First Citizens Bank Basic Business Checking

in Business Checking Accounts from First Citizens Bank · Member fdic

Unaffiliated

First Citizens Bank Basic Business Checking

Unaffiliated

in Business Checking Accounts from First Citizens Bank · Member FDIC

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

First Citizens Bank Basic Business Checking Review

First Citizens Bank Basic Business Checking is offered by First Citizens Bank, a bank founded in 1898 and based in Raleigh, NC. First Citizens Bank Basic Business Checking is available in 50 states (and Washington, DC).

Key Takeaways
  • 0% APY. As with most checking accounts, First Citizens Bank Basic Business Checking does not pay interest.
  • $0 monthly fee. This account does not charge a monthly maintenance fee.
  • $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
  • Free bill pay. Pay your bills to practically anyone in the United States through First Citizens Bank.
  • Hard credit pull. First Citizens Bank may require a hard pull on your credit report to open a checking account.
First Citizens Bank Basic Business Checking Pros & Cons
Pros Cons
  • Available in all 50 states.
  • 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
  • Higher than average wire transfer fees.
First Citizens Bank Basic Business Checking FAQ

Are business checking accounts from First Citizens Bank federally insured?

Yes, your First Citizens Bank business checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #11063). 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 First Citizens Bank Basic Business Checking offer?

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

What are the account minimums for First Citizens Bank Basic Business Checking?

First Citizens Bank Basic Business Checking requires a minimum initial deposit of $100 to open an account.

First Citizens Bank Basic Business Checking Account Minimums
Description Amount
Minimum Initial Deposit $100

What fees does First Citizens Bank Basic Business Checking charge?

The good news is that this account does not have a monthly service charge.

First Citizens Bank Basic Business Checking Fees
Description
ATM Fee: In-Network 0
Monthly Fee 0
Online Bill Pay Fee 0
Wire Transfer Fee - Domestic (Incoming) 15
Wire Transfer Fee - Domestic (Outgoing) 15

What features and perks does First Citizens Bank Basic Business 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 - First Citizens Bank Basic Business 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 - First Citizens Bank Basic Business 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.

Contact

Hours of Operation

  • Sunday 7:00am - 11:00pm
  • Monday 7:00am - 11:00pm
  • Tuesday 7:00am - 11:00pm
  • Wednesday 7:00am - 11:00pm
  • Thursday 7:00am - 11:00pm
  • Friday 7:00am - 11:00pm
  • Saturday 7:00am - 11:00pm

Other Services by First Citizens Bank

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Iowa
  • Idaho
  • Illinois
  • Indiana
  • Kansas
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Missouri
  • Mississippi
  • Montana
  • North Carolina
  • North Dakota
  • Nebraska
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • New York
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Vermont
  • Washington
  • Wisconsin
  • West Virginia
  • Wyoming

Feature Breakdown

Minimum Opening Deposit Starting at $100
ATM Fee: In-Network 0
Monthly Fee 0
Online Bill Pay Fee 0
Wire Transfer Fee - Domestic (Incoming) 15
Wire Transfer Fee - Domestic (Outgoing) 15
Bank Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • No Monthly Maintenance Fee
  • Nationwide ATM Network
  • Check Images with Statement
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Fraud Protection
  • Debit Card
  • FDIC Member

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