Products & Services
Whether you want a lockbox for accelerated collection of payments, need to set up online banking or secure a loan, we have just the service to meet your goal.
Our lockbox service provides a fast, accurate and cost-effective way for your association to receive and process mail-in payments. A single lockbox will be assigned for all your member associations, with funds deposited automatically to each individual association account.
- Remote Image Deposit
Save yourself multiple trips to the bank with Remote Image Deposit. Simply use a check scanner in your office to scan paper checks to be deposited and then transmit the images to us through your Internet connection.
- Business Online Banking Advantage®
In today’s environment, online access to information and transaction initiation capabilities is just as critical as the framework of the cash management system. Our Business Online Banking Advantage (BOB Advantage®) service lets you manage your association’s accounts securely and efficiently 24/7 from the Internet.
First Citizens has created a loan program especially for homeowner associations. Our loan program recognizes the special needs and requirements of homeowner associations and does not require personal guarantees or real estate liens.
- Reserve Funds
First Citizens has very competitive money market and CD rates for your association’s reserve accounts. We are also part of the CDARS program, allowing you to deposit up to $50 million under a single business with full FDIC insurance.
- Equipment Financing
We make equipment leasing hassle-free so you can focus on your business. Lease terms are generally 24 - 60 months but can be customized to meet your business needs.
- Employee Benefits
Your company depends on dedicated employees to serve your members. We can help you reward their commitment with an attractive package of retirement, insurance1, banking and financial solutions to meet your specific requirements.
- Bank at Work
Offering Bank at Work is as simple as arranging to have participating employees’ paychecks automatically deposited into their First Citizens Bank at Work checking account. And if your association or apartment complex banks with us, residents can also be offered the Bank at Work program.
- Risk Management Assessment and Directors & Officers Liability Insurance1
Insurance should be an important component of your risk management strategy, and the quality of our risk analysis is second to none. We work with you to methodically and strategically identify your exposures and make clear, easy-to-understand coverage recommendations.
Simplify the receipt of your consumer online bill payments for fast, accurate and efficient processing. First Citizens’ eReceivables service allows you to receive payments from multiple online bill payment processors in a single electronic file capable of updating your company's A/R system.
Account openings and credit are subject to Bank approval.
1. Investments in securities, annuities and insurance are not insured by the FDIC or any federal government agency; may lose value; are not a deposit or other obligation of, or guaranteed by, any bank or bank affiliate; and are subject to investment risks, including possible loss of the principal amount invested. Brokerage and some investment advisory services are offered through First Citizens Investor Services, Inc. Member FINRA/SIPC.