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  First Citizens Bank Basic Business Checking
First Citizens Bank Basic Business Checking
in Business Checking Accounts from First Citizens Bank
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First Citizens Bank Basic Business Checking

Unaffiliated
in Business Checking Accounts from First Citizens Bank
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3 reviews
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, founded in 1898 and based in Raleigh, NC. First Citizens Bank Basic Business Checking is available in 51 states across the USA.

Key Takeaways
  • 0% APY. As with most checking accounts, First Citizens Bank Basic Business Checking does not pay interest.
  • $100 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
First Citizens Bank Basic Business Checking Pros & Cons
Pros Cons
  • Available in all 50 states.
  • No signup bonus.
  • Does not earn interest
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Not FDIC-insured.
  • Higher than average wire transfer fees.
First Citizens Bank Basic Business Checking FAQ

Are business checking accounts from First Citizens Bank federally insured?

No, your First Citizens Bank business checking accounts are not insured by a federal insurance agency. This means that if First Citizens Bank were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.

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?

This account charges a monthly maintenance fee of $0.

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:

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Message From First Citizens Bank

Simplify finances of your small business with our low-cost checking account and enjoy no monthly maintenance fee.

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
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Business Formation Documents
  • Government Issued Photo ID
  • Social Security Number
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
  • Member FDIC
APY (Annual Percentage Yield) 0%

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