First Citizens Bank Offers $200 Checking Bonus
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.
