First Citizens broker Accounts

first citizens Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: first citizens Account Types Overview

first citizens Account Types Explained

First Citizens Bank offers a variety of account types to cater to different banking needs. Below is an overview of the available account types:

1. Primary Checking Account

• Minimum Deposit Requirement: $50
• Spread/Commission Structure: No commission
• Leverage Options: Not applicable
• Key Features: No monthly maintenance fee when enrolled in paperless statements, free digital banking, and bill pay.
• Target User Profile: Beginners and casual users.
• Trading Instruments Available: Not applicable.

1. Premier Checking Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: No commission
• Leverage Options: Not applicable
• Key Features: Earns interest, no monthly fee with qualifying criteria, free checks, and higher purchase limits.
• Target User Profile: Intermediate users looking for additional benefits.
• Trading Instruments Available: Not applicable.

1. Prestige Checking Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: No commission
• Leverage Options: Not applicable
• Key Features: Higher interest rates, no overdraft transfer fees, and exclusive perks.
• Target User Profile: Advanced users and those seeking premium banking features.
• Trading Instruments Available: Not applicable.

1. Certificates of Deposit (CD)

• Minimum Deposit Requirement: Varies by term (typically starting at $1,000)
• Spread/Commission Structure: Fixed interest rates
• Leverage Options: Not applicable
• Key Features: Fixed interest rates for various terms, stable earnings, and penalties for early withdrawal.
• Target User Profile: Users looking for long-term savings options.
• Trading Instruments Available: Not applicable.

1. Money Market Account

• Minimum Deposit Requirement: $2,500
• Spread/Commission Structure: No commission
• Leverage Options: Not applicable
• Key Features: Higher interest rates than regular savings accounts, check-writing privileges, and limited transactions.
• Target User Profile: Users who want a balance of savings and checking features.
• Trading Instruments Available: Not applicable.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Primary Checking Account
• Intermediate Users: Premier Checking Account
• Advanced Users: Prestige Checking Account

Part 2: first citizens Account Features Comparison

Detailed first citizens Account Features

When comparing the features across different first citizens account types, consider the following:

• Minimum Deposit:

• Primary Checking: $50

• Premier Checking: $100

• Prestige Checking: $100

• Certificates of Deposit: $1,000

• Money Market Account: $2,500

• Maximum Leverage: Not applicable for bank accounts.

• Spreads (Typical/Minimum): No spreads or commissions for checking accounts.

• Commission Fees: None for checking accounts; fixed rates for CDs.

• Lot Size (Micro/Mini/Standard): Not applicable.

• Available Trading Platforms: Not applicable.

• Execution Type: Not applicable.

• Islamic Account Availability: Not applicable.

• Swap-Free Options: Not applicable.

• Demo Account Features: Not applicable for bank accounts.

Advantages of Each Account Type

• Primary Checking Account:

• No monthly fees with paperless statements.

• Easy online banking access.

• No minimum balance requirement.

• Premier Checking Account:

• Earns interest on balances.

• Free checks and higher purchase limits.

• No overdraft transfer fees.

• Prestige Checking Account:

• Exclusive perks and benefits.

• Higher interest rates.

• No fees for overdraft transfers.

• Certificates of Deposit:

• Fixed interest rates provide stable earnings.

• Various term options available.

• Ideal for long-term savings.

• Money Market Account:

• Higher interest rates than regular savings.

• Check-writing privileges.

• Flexible access to funds.

Disadvantages of Each Account Type

• Primary Checking Account:

• No interest earned.

• Limited features compared to higher-tier accounts.

• Premier Checking Account:

• Monthly fee if qualifying criteria are not met.

• Limited to specific features.

• Prestige Checking Account:

• Higher minimum deposit requirement.

• Monthly fees if criteria are not met.

• Certificates of Deposit:

• Penalties for early withdrawal.

• Funds are locked for the term duration.

• Money Market Account:

• Higher minimum deposit requirement.

• Limited transactions per month.

Part 3: first citizens Account Opening Requirements

first citizens Account Registration Requirements

To open an account with First Citizens Bank, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.

• Geographic Restrictions: Available in the United States; specific restrictions may apply based on state regulations.

• Prohibited Countries: Not specified; generally, accounts are not available to residents of countries under U.S. sanctions.

• Identity Verification Documents Needed: Government-issued photo ID (e.g., driver's license, passport).

• Proof of Residence Requirements: Utility bill, lease agreement, or bank statement with your name and address.

• Additional Documentation for Professional Accounts: May require business registration documents or tax identification numbers.

• KYC/AML Compliance Procedures: First Citizens Bank follows Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring verification of identity and source of funds.

• Verification Time Frames: Typically, account verification can take from a few minutes to a few business days, depending on the completeness of the submitted documents.

Part 4: first citizens Account Opening Process

Step-by-Step first citizens Account Opening Guide

1. Visit Website and Click Registration: Go to the First Citizens Bank website and find the account opening section.
2. Personal Information Entry: Fill out the required personal details, including name, address, email, and Social Security number.
3. Choose Account Type: Select the type of account you wish to open (e.g., checking, savings).
4. Set Banking Preferences: Indicate preferences for paperless statements and other account features.
5. Document Upload: Upload necessary identification and proof of residence documents.
6. Account Verification: Wait for the bank to verify your documents and information.
7. Fund Your Account: Make an initial deposit as required for the chosen account type.
8. Start Banking: Once approved, you can access your account online and begin using it.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile app may offer a more streamlined experience with fewer steps.

Common Registration Issues and Solutions

• Issue: Document upload errors.

• Solution: Ensure documents are clear and in the correct format (PDF, JPEG).

• Issue: Delays in verification.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Account approval typically takes a few minutes to a few business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

• To change account types, contact customer service or visit a local branch for assistance.

Part 5: first citizens Demo Account Information

first citizens Demo Account Guide

• Demo Account Features and Benefits: First Citizens Bank does not offer a demo account for its banking services as it primarily focuses on traditional banking products.

• How to Open a Demo Account: Not applicable.

• Demo Account Limitations: Not applicable.

• Virtual Balance Amount: Not applicable.

• Demo vs Live Account Differences: Not applicable.

• Duration/Expiry of Demo Accounts: Not applicable.

Part 6: first citizens Islamic Account (if available)

first citizens Islamic Account Details

• Swap-Free/Islamic Account Availability: First Citizens Bank does not offer Islamic or swap-free accounts as it primarily provides traditional banking services.

• Eligibility Requirements: Not applicable.

• Differences from Standard Accounts: Not applicable.

• How to Apply for Islamic Account: Not applicable.

• Restrictions or Special Conditions: Not applicable.

FAQs – first citizens Account Types & Opening

1. What account types does first citizens offer？

• First Citizens offers Primary, Premier, Prestige Checking Accounts, Certificates of Deposit, and Money Market Accounts.

1. What is the minimum deposit for each account type？

• Primary Checking: $50, Premier Checking: $100, Prestige Checking: $100, Certificates of Deposit: $1,000, Money Market Account: $2,500.

1. How long does first citizens account verification take？

• Verification can take from a few minutes to a few business days.

1. Does first citizens offer demo accounts？

• No, First Citizens Bank does not offer demo accounts.

1. Can I have multiple account types with first citizens？

• Yes, customers can hold multiple account types.

1. Does first citizens offer Islamic/swap-free accounts？

• No, First Citizens Bank does not offer Islamic or swap-free accounts.

1. What documents do I need to open a first citizens account？

• A government-issued photo ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can change your account type by contacting customer service or visiting a branch.