Invest how you want, when you want, in real time with Self-Directed Investing.
Seamlessly access all of your accounts from one place with First Citizens Digital Banking for business.
We're committed to serving companies as they expand and succeed. The proof is in our success stories.
December FOMC meeting commentary: Available now
This month, the Fed lowered interest rates by another 0.25%. Read highlights and key takeaways from the Making Sense team.
Commercial letters of credit are designed to ensure that payments to or from overseas sources are transmitted and received on a proper and timely basis.
Conditions typically involve the presentation of documents showing shipment has been made—such as negotiable bills of lading—as well as insurance documentation, invoices and inspection certificates.
Sight payments demand immediate disbursement when required documents are presented, examined and approved. Time payments delay payment until a future date following document approval and release.
Letters of credit also specify details on the purchase or sale of goods including price, required shipping documents, payment terms, shipping terms, timeframes and other transaction details contained in the underlying contract.
The issuing bank substitutes its credit standing for yours or that of your business resulting in enhanced purchasing power, reducing the seller's risk and improving cash flow.
The foreign bank substitutes its credit standing for that of your buyer, reducing your risk and improving cash flow.
First Citizens can make your overseas transactions easier and more efficient.
Commercial (Import) Letter of Credit Application (PDF)
Letter of Credit Amendment Request (PDF)
Letter of Credit Amendment Request Instructions (PDF)
Manage your accounts from anywhere
Send & transfer money with ACH and wires
Receive account and security alerts
Manage your accounts from anywhere
Send & transfer money with ACH and wires
Receive account and security alerts
Treasury & Cash Management
Electronic Bill Presentment & Payment
Investment & Retirement Services
Community Association Banking
Equipment Financing & Leasing
Credit Cards
Merchant Services
Email Us
Please select the option that best matches your needs.
Customers with account-related questions who aren't enrolled in Digital Banking or who would prefer to talk with someone can call us directly.
