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).

• 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.

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.

What fees does First Citizens Bank Basic Business Checking charge?

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

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.