Business Checking
The First Citizens Business Checking account is the right choice for a business that has minimal monthly transactions
Features and Benefits
- Available to sole proprietorships, partnerships, small corporations and non-profit organizations
- Monthly balance requirement fee
- Online Banking and Cash Management services (Separate application required; some services require approval; fees may apply)
- 24 hour First Connection access
- Monthly statement includes check images (paper or electronic format)
Terms
- Minimum opening deposit $100.00
- $5.00 balance requirement fee if daily average balance is below $7,500.00
- Additional service charge based on number of checks/paper drafts paid during the statement cycle
Per check/paper draft fees:
| 1 - 100 checks/drafts | No Charge |
| Over 100 checks/drafts | $ .10 per item |
Business Checking - NOW Account
Provides the same flexibility as the Business Checking but also allows Sole Proprietorships and non-profit organizations to earn interest.
Features and Benefits
- Interest earned on daily collected balance
- Reasonable monthly balance requirement fee
- Online Banking and Cash Management services (Separate application required; some services require approval; fees may apply)
- 24 hour First Connection access
- Monthly statement includes check images (paper or electronic format)
Terms
- Minimum opening deposit amount is $1,000.00
- $5.00 balance requirement fee if daily average balance is below $7,500.00
- Must maintain a minimum daily collected balance of $1,000.00 to earn interest
- Variable interest rate
- Additional service charge based on number of checks/paper drafts paid during the statement cycle
Per check/paper draft fees:
| 1 - 100 checks/drafts | No Charge |
| Over 100 checks/drafts | $ .10 per item |
- Balance requirement fee and service charge for checks and paper drafts paid are waived for non-profit organizations.
Account Analysis
The Account Analysis is especially designed for businesses with high transaction volume. Credit for compensating balances is used to offset monthly transaction fees.
Features and Benefits
- Unlimited transaction activity
- Credit allowance on collected balance used to offset monthly transaction fees
- Online Banking and Cash Management services (Separate application required; some services require approval; fees may apply)
- 24 hour First Connection access
- Monthly statement includes check images (paper or electronic format)
Account Analysis Now Checking
This account allows sole proprietorships and non-profit organizations interest earnings on daily collected balances. Especially designed for accounts with high transaction volumes.
Features and Benefits
- Opening deposit amount $1,000.00
- Interest earnings on daily collected balance
- Variable interest rate
- Unlimited transaction activity
- Credit allowance on collected balance used to offset monthly transaction fees
- Online Banking and Cash Management services (Separate application required; some services require approval; fees may apply)
- 24 hour First Connection access
- Monthly statement includes check images (paper and electronic format)
Terms
- Transaction Cost:
| Charge Per Withdrawal | $.12 |
| Charge Per Deposit | $.10 |
| Charge Per Item Deposited | $ .0550 |
| Charge Per Returned Deposited Item | $5.00 |
| Drawing on Uncollected Funds | *fee determined by Consumer Base Rate |
| Domestic Wire Transfer (outgoing) | $12.00 |
| Stop Payment Order | $25.00 |
| Stop Payment Order (without required information) | $30.00 |
| Coin Wrapping Fee (per roll) | $.03 |
For detailed product information and current interest rates, please contact a Customer Service Representative by calling (800) 321-3176, (731) 285-4410 or (901) 837-3385
