What you need before you start
First Citizens Bank requires specific documents and information before you can open a business account. You will need your Employer Identification Number (EIN) — a nine-digit number issued by the IRS — or your Social Security number if you operate as a sole proprietor. You will also need a government-issued photo ID, your business formation documents (articles of incorporation, articles of organization, or a DBA certificate if you operate under a name different from your legal name), and proof of your current business address.
If your business is a partnership, LLC, or corporation, bring documentation showing who the owners and authorized signers are. First Citizens will ask for the names, titles, and personal identification of anyone who will have signing authority on the account. You should also have your most recent business tax return or financial statements available, though some account types may not require these upfront.
Bring your personal Social Security number and a government-issued ID for each person authorized to sign on the account. First Citizens performs background checks as part of their account opening process, so be prepared to answer questions about your business history and the source of your initial deposit.
Key Takeaways
- You will need an EIN or Social Security number, a government-issued photo ID, and your business formation documents to open an account.
- First Citizens offers several business account types — checking, savings, and money market accounts — each with different minimum balances and fee structures.
- You can open an account in person at a First Citizens branch, by phone, or online depending on your account type and the complexity of your business structure.
- The account opening process typically takes one to three business days once First Citizens receives all required documents and completes their background check.
Opening an account in person at a branch
Visit a First Citizens Bank branch near you with all required documents. A business banker will review your paperwork, verify your identity, and answer questions about which account type fits your business needs. Bring the original documents or certified copies — photocopies alone are usually not accepted for business formation papers.
The banker will explain the account features, fees, and minimum balance requirements for each option. They will also set up online banking access and discuss payment processing services if your business needs them. The entire process typically takes 30 to 45 minutes. You should receive your account number and routing number the same day, though your debit card and checks may take five to ten business days to arrive.
Opening an account by phone or online
First Citizens allows you to begin the account opening process online or by phone for certain business account types. Start by visiting the First Citizens Bank website and selecting the business account option, or call their business banking line to speak with a representative. You will provide your basic business information, EIN or Social Security number, and details about the account owners and signers.
If you open online, you will upload images of your required documents — your ID, EIN documentation, and business formation papers. First Citizens will review these documents and contact you if anything is missing or unclear. If you open by phone, the representative will guide you through the process and may ask you to mail or upload documents afterward. Once First Citizens receives and verifies all documents, they will confirm your account opening by email or phone, usually within one to three business days.
Understanding account types and fees
First Citizens offers several business account structures. A business checking account is designed for daily transactions and typically includes unlimited check writing, online bill pay, and mobile deposit. A business savings account earns interest and is meant for funds you do not need to access frequently. A business money market account combines features of both and often requires a higher minimum balance but pays higher interest rates.
Fees vary by account type and your account balance. Some accounts charge a monthly maintenance fee if your balance falls below a stated minimum — this minimum varies and can range from $500 to $5,000 or more depending on the account. First Citizens may waive the monthly fee if you maintain a certain average balance or set up direct deposit. Ask the banker or representative about the specific fees and minimums for the account you are considering, and request a fee schedule in writing.
Setting up online banking and payment services
Once your account is open, First Citizens will provide you with online banking access. You can log in to manage your account, transfer funds between accounts, pay bills, and deposit checks using mobile deposit. Set up your login credentials and security questions during the account opening process or shortly after.
If your business accepts card payments or needs merchant services, First Citizens offers payment processing through their business banking team. You can discuss these services during account opening or contact your business banker afterward. Setting up merchant services typically requires additional documentation about your business and may take a few extra business days to complete.
What happens after your account opens
Your account is active as soon as First Citizens confirms the opening, but you may not receive physical checks or a debit card for five to ten business days. You can begin making deposits and transfers online or at a branch immediately. If you need to make payments before your checks arrive, use online bill pay or mobile deposit to transfer funds from another account.
First Citizens will send you account statements monthly, either by mail or email depending on your preference. Review your first statement carefully to confirm all fees and balances are correct. If you notice any errors or have questions about charges, contact your business banker or call the business banking line right away.
Frequently Asked Questions
Do I need an EIN to open a business account at First Citizens?
If you operate as a sole proprietor, you can use your Social Security number instead of an EIN. However, if your business is structured as an LLC, partnership, or corporation, you will need an EIN. You can obtain an EIN from the IRS website for free — the process takes about 15 minutes online.
Can I open a business account if I have bad credit?
First Citizens does not typically run a credit check for business accounts. They perform background checks and may review your banking history, but a low credit score alone will not disqualify you. However, if you have a history of fraud or unpaid bank fees, First Citizens may decline to open an account.
What is the minimum deposit required to open a business account?
Minimum opening deposits vary by account type and change periodically. Some accounts require as little as $100 to open, while others may require $500 or more. Ask about the current minimum when you contact First Citizens or visit a branch.
How long does it take to receive checks and a debit card?
Checks and debit cards typically arrive five to ten business days after your account opens. You can use online bill pay and mobile deposit immediately, so you do not have to wait to start managing your account.
Can multiple people sign on the business account?
Yes. You can designate multiple authorized signers during account opening. Each signer will need to provide their name, title, Social Security number, and government-issued ID. First Citizens will verify each person's identity before finalizing the account.