First Citizens Bank

First Citizens Bank is a US bank that offers business checking in several tiers, from a basic account to treasury-oriented packages.

Account tiers The range starts with Business Banking, which the bank lists at $0 per month with paperless statements. Business Banking I costs $25 per month and Business Banking II $50; the bank states that these fees can be waived, for example with active merchant services. Business Banking III is the most advanced tier and offers customisable treasury services. CORE Business Checking is meant only for small charitable and religious organisations and certain inherited accounts. An opening deposit of 100 USD is listed.

Services Business accounts come with a Visa Business Debit card. The listed services also include treasury management, remote deposit and fraud controls, so the same relationship can cover daily operations and more complex cash handling.

Deposit protection The bank states that it is a member of the FDIC. Coverage depends on the depositor, the ownership category and eligibility, and it differs from the safeguarding regime of an electronic money institution.