Checking Account Comparison Chart |
| Account Characteristics |
Free Business Checking | Business Checking II | Business Quest |
Professional Checking | Analysis Checking Accounts |
| Target Market | Small Business with lower monthly checking activity. The perfect fit for many new businesses. | Businesses that need moderate checking activity at a very competitive monthly fee. | Established businesses that want to pay a flat monthly fee for higher checking activity. | Small to mid-size medical, dental and legal practices with higher checking activity who want a package of services. | Established businesses with higher checking activity and/or a need for additional services. An earnings credit based on deposit balances (in analysis checking or money market savings) can offset service charges for checking activity. |
| Interest-Bearing | No | No | No | No | All commercial analysis checking accounts - except Regular Checking - earn interest. |
| Transaction Features | Monthly maintenance fee includes up to 175 items (debits, deposits and deposited items). | Monthly maintenance fee includes up to 250 items (debits, deposits and deposited items). | Monthly maintenance fee includes up to 500 items (debits, deposits and deposited items). | Monthly maintenance fee includes up to 1000 items (debits, deposits and deposited items). | Monthly maintenance fee and per item fees for debits, deposits and items deposited. |
| Minimum Opening Deposit | $100 | $200 | $200 | $100 | $200 for Regular Checking or Checking With Interest $1,000 for Money Market Checking or Public Money Market Checking |
Fees |
Free Business Checking | Business Checking II | Business Quest |
Professional Checking | Analysis Checking Accounts |
| Minimum Balance Qualifiers to Avoid Monthly Maintenance Fees | None | Maintain a $5,000 average checking balance or a $15,000 minimum daily balance in a related business savings account. | Maintain a $10,000 average checking balance or $20,000 in combined daily balances in Bus. Quest checking, Business Savings, Commercial Money Market Savings and CDs. | Maintain a $25,000 average checking balance or a combined minimum daily ledger balance of $75,000 or more in Professional Checking, Business Savings, Money Market Savings, Premium Money Market Savings and/or CDs. | Earnings credit can offset some or all service charges. |
| Monthly Maintenance Fee | None | $19.00 | $29.00 | $50.00 | $16.00 1 |
| Per Item Fees | Over 175 total items=$.35 per item | Over 250 total items = $.35 per item | Over 500 total items = $.35 per item | Over 1,000 total items = $.35 per item | Per debit = $.19 Per paper deposit = $.502 Per electronic deposit = $.403 Per item deposited: 4 in-state = $.10; out-of-state = $.11; govt./on-us = $.09 |
| Non-Proprietary ATM Fee | $2.00 | $2.00 | None, when balance qualifier is maintained | $2.00 | $2.00 |
| Check Handling | Free Business Checking | Business Checking II | Business Quest |
Professional Checking | Analysis Checking Accounts |
| Check Safekeeping | No Charge | No Charge | No Charge | No Charge | No Charge |
| No Charge | No Charge | No Charge | No Charge | No Charge | |
| Check Return | Not Available | $10.00 | $10.00 | Not Available | $10.00 |
| Free Business Checking | Business Checking II | Business Quest |
Professional Checking | Analysis Checking Accounts |
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| Additional Benefits | Free Visa Business Check Card. Free Business Online Banking. |
Preferred interest rates on loans. Monthly maintenance fee waived for one year on personal Regular Checking or Checking with Interest Account. Half price first order of standard business checks including binder, deposit slips and endorsement stamp. Free 3” x 5” safe deposit box for one year (or a $40.00 discount on a larger box) OR a free initial supply of 50 disposable night deposit bags. |
Preferred interest rates on loans and CDs. Monthly maintenance fee waived on Personal Quest Checking (or other personal checking account) as long as this account remains open. First order of standard business checks, binder, deposit slips and endorsement stamp free. Free initial supply of 75 disposable night deposit bags. Free 3” x 5” safe deposit box for one year (or a $40.00 discount on a larger box). |
Preferred interest rates on loans and CDs. Free Business Online Banking Plus. Free Bill Pay. ACH Origination Service (base module fee, up to 2 ACH files and up to 25 transactions per month included at no cost). Monthly maintenance fee waived on Personal Quest Checking (or other personal checking account). First order of standard business checks, binder, deposit slips and endorsement stamp free. Free initial supply of 75 disposable night deposit bags. Discount on Merchant Services. Free Visa Business Check Card. No annual fee on any First Citizens Bank business or personal credit card including our specially designed First Citizens Medical Visa Platinum card. |
Add a Money Market Savings analysis account—interest rates are tiered based on the daily balance. Take advantage of many other Business & Treasury Services solutions that increase business efficiency and maximize use of business funds. At this time, First Citizens does not pass along FDIC insurance costs to the business. |
| Other Benefits | Investment Sweep option available.6 | Investment Sweep option available.6 | No-Fee Investment Sweep option available.6 | Investment Sweep option available.6 |