Business Accounts Payable Services

Streamline processes, expenses and transactions

ACH Payments

Deposit funds to employee and customer accounts safe and conveniently.

  • Accommodate one-time and recurring deposits for several needs
  • Eliminate costs of generating checks, mail and postage
  • Allow customers to deposit funds into their accounts with immediate access to funds

Automated Payables

Take control over cash flow by automating your account payables invoice and payment processing.

  • Capture invoice information automatically
  • Customize invoice and payment workflows
  • Route, approve and process payments faster

Controlled Disbursement

Accurately forecast your daily cash requirements.

  • Get exact dollar amounts of checks that will post
  • Avoid possibility of overdrafts
  • Fund your account from several sources

Purchasing Card

Simplify business purchases, reduce paperwork and monitor expenses with the First Citizens Visa® Purchasing Card.

  • Set your spending controls
  • Reduce administrative costs
  • Analyze spending with online reporting tools

Wire Transfers

Move funds fast—domestically or internationally.

  • Same-day business funds available for domestic wires
  • Same-day business verification
  • Multiple initiation options
Business Digital Banking

Manage your business on the go

Manage your accounts from anywhere

Send and transfer money using ACH and wires

Receive account and security alerts

Business Digital Banking

Manage your business on the go

Manage your accounts from anywhere

Business Digital Banking

Manage your business on the go

Send and transfer money using ACH and wires

Business Digital Banking

Manage your business on the go

Receive account and security alerts

Purchasing Card

Control business expenses

Simplify business purchases, reduce paperwork and monitor expenses with the First Citizens Visa Purchasing Card.
Business Rewards Visa

Earn more from your business

Make business purchases count with bonus points.
FAQ

People often ask us

Although we recommend submitting your Direct Deposit file 2 days prior to the employee payday to ensure timely delivery, ACH credit and debit files can be submitted 1 day prior to the effective date. Business clients can also enroll for Same Day ACH processing. An additional per-item fee may apply for Same Day ACH processing.

An ACH Return report provides details about ACH transactions you have initiated that have been returned by the receiving bank. The report includes why the transaction was returned (Return Reason), account number, name, individual ID and dollar amount associated with the returned transaction. You may also receive a Notification of Change (NOC) report, which is sent by the receiving bank requesting that future entries contain the correct information. The correct information is provided to you in the NOC report. We encourage you to subscribe to the e.Statements/ACH activity alert to ensure you are aware if an ACH return or NOC report requires your attention.

As part of your ACH Agreement with First Citizens, you're required to stay abreast of industry changes. We recommend you become a member of your local ACH Regional Association (E Pay Resources on the east coast) or visit Nacha.org for ACH rules changes. Often, when changes occur that significantly affect your ability to originate your ACH file (payroll, taxes etc.), we'll notify you.

You must receive authorization from your employees or customers to obtain the information needed to deposit funds into their checking and savings accounts for payroll, employee expense reimbursement, government benefits, taxes, other refunds, annuities and interest payments. Please reference the National ACH website (Section VII Appendices) for Sample Authorization for Direct Deposit through ACH (Credits) for more information.

The ACH Activity report provides details of transactions that have been returned to you with a reason for the return or Notifications of Change that require your attention. These reports are available for 65 business days for you to review. We encourage you to subscribe to the ACH Return or Notification of Change alert to receive an email when action is required by you.

Accounts Payable Insights

Streamline your business

Normal bank approval applies.

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