First Citizens Bank Offers $200 Checking Bonus

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Deal Summary: $200 bonus when opening a new Premier or Prestige checking account, now through September 30, 2017.

Availability: Market area includes AZ, CA, CO, FL, GA, KS, MD, MO, NC, NM, OK, OR, PA, SC, TN, TX, VA, WA, and WV.

Now through September 30, 2017, First Citizens Bank (FCB) is offering a $200 bonus when opening a new Premier or Prestige checking account. The nice thing about this bonus is that direct deposit isn't required. The details are listed in FCB's Checking Bonus page. A summary of the promotion is described below:

$200 Bonus Requirements

  • Open a new Premier or Prestige checking account by September 30, 2017, with a minimum $100 opening deposit.
  • Obtain a new debit card for the new account.
  • Within 60 days of account opening either,
    • 1) Receive a qualifying direct deposit*, or
      2) Make 10 debit card purchases.

*Defined as a deposit of $500+, electronically deposited by an employer or an outside agency

Limitations

  • No minimum balance requirement to obtain the bonus.
  • Bonus will be credited within 90 days after all conditions have been met.
  • Account must be open and in good standing when bonus is awarded.
  • All account owners must be “new customers,” which is defined as “not a current or prior customer of First Citizens Bank.”
  • There is a $25 early closure fee if the new account is closed with 180 days of opening.

The Premier Checking account has a $16 monthly service fee that can be waived if one of the following requirements is met:

  • $5,000 combined daily balance in Premier Checking, Together Card, Regular Savings, Bonus Savings, e.savings, Tiered Money Market Savings, Premium Tiered Money Market Savings, CDs, IRAs or an Investor Services Account, or
  • ACH Direct Deposits totaling $4,000 or more into your Premier checking account, or
  • An EquityLine of at least $25,000, or
  • A consumer loan with original loan amount of $10,000 or more.
  • The Prestige Checking account has a $25 monthly service fee that can be waived if one of the following requirements is met:

  • $25,000 combined daily balance in Prestige Checking, Together Card, Regular Savings, Bonus Savings, e.savings, Tiered Money Market Savings, Premium Tiered Money Market Savings, CDs, IRAs or an Investor Services Account, or
  • ACH Direct Deposits totaling $6,500 or more into your Prestige checking account, or
  • An EquityLine of at least $100,000, or
  • A consumer loan with original loan amount of $25,000 or more.
  • To decide which checking account fits your needs best, please refer to First Citizens Bank’s Checking Bonus page.

    Availability

    Headquartered in Raleigh, First Citizens Bank’s market area stretches from the South Atlantic coast to the West Coast, covering 19 states.

    The $200 checking account bonus is available to any U.S. citizen or resident alien, 18 years or older with a valid Social Security number, who lives within the Bank’s market area. Applying for the bonus and opening a Premier or Prestige checking account can be done online or by phone (888.323.4732).

    Bank Overview

    First Citizens Bank, has an overall health grade of "A" at DepositAccounts.com, with a Texas Ratio of 6.45% (excellent), based on March 31, 2017 data. In the past year, First Citizens Bank has increased its total non-brokered deposits by $1.6 billion, an excellent annual growth rate of 5.84%. Please refer to our financial overview of First Citizens Bank (FDIC Charter # 11063) for more details.

    Founded in 1898 as First-Citizens Bank & Trust Company, First Citizens Bank is currently the third largest bank headquartered in North Carolina and the 47th largest bank in the nation, with assets in excess of $33.8 billion. In 119 years of continuous operation, First Citizens Bank has acquired 44 financial institutions in eleven states, and another acquisition has been proposed. In a press release dated yesterday,

    First Citizens BancShares Inc. ("First Citizens") (Nasdaq: FCNCA) announced today that it has made a proposal to acquire KS Bancorp, Inc. ("KS Bancorp") (OTC BB: KSBI) for $35.00 per share in cash, in a transaction valued at approximately $45.8 million, representing a 49.6% premium over KS Bancorp's closing trading price on July 12, 2017, and a 84% premium over KS Bancorp’s book value per share as of March 31, 2017. The proposal was conveyed today in a letter to KS Bancorp’s Board of Directors.

    Other Bank Promotions and Bonuses

    Not eligible for First Citizens Bank’s $200 checking bonus? Check out my latest bank and credit union bonus blog posts to find other promotions. In addition, DepositAccounts.com readers and I also post often on bonuses in the Bank Promotions Forum.

    Related Pages: checking accounts, bank bonuses

    Comments
    111
    111   |     |   Comment #1
    Ken - The text in the "Availability: Market area" paragraph does not include Illinois, but the map does.
    Which is correct? Thanks.
    Ken Tumin
    Ken Tumin   |     |   Comment #2
    Good catch on the availability. I did some research, and I found out the reason for the discrepancy. On May 5, 2017, Guaranty Bank failed, and the FDIC arranged for First Citizens to assume Guaranty's traditional brick-and-mortar branches in Wisconsin, Illinois and Minnesota. It appears these branches are not yet fully integrated. They are still operating as a separate division of First Citizens Bank.
    111
    111   |     |   Comment #3
    Thanks, Ken. I did call one of the Illinois branches late Friday afternoon, and it looks like at least the Illinois branches will definitely not be able to do this promo until they are "fully integrated" into First Citizens Bank. They are not sure when that will happen.
    777
    777   |     |   Comment #4
    First Citizens advertises the Premier and Prestige Checking accounts as interest bearing accounts. The fine print of the offer states that the APY as of 7/1/17 is 0.01%.
    Ruza
    Ruza   |     |   Comment #5
    This is not offered in PA
    Chris
    Chris   |     |   Comment #6
    Terrible bank. They initiate a hard pull on your credit for a checking account.

    I had a premiere account with the $5,000 balance, yet they still bang you out in fees on basic services like ACH ($2.99) and charge after a certain number of CUSTOMER SERVICE CALLS. No I'm not kidding.

    Have to fax in a form to close the account and have to walk a very tight rope for a measly $200 bonus.

    AVOID!!!
    Earn $200 With First Citizens Bank Checking Account Bonus
    Availability: AZ, CA, CO, DC, FL, GA, KS, MD, MO, NC, NM, OR, OK, TN, TX, VA, WA, and WV

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    To decide which checking account fits your needs, please refer to First Citizens Bank’s Checking Bonus page.

    $200 Bonus Requirements

    • Open a new Premier or Prestige checking account.
    • Receive a new debit card.
    • Within 60 days of account opening complete...

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