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Description

First Citizens Bank helps personal, business, commercial and wealth clients build lasting financial security that grows with their greatest ambitions. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets and a member of the Fortune 500™. First Citizens has established a unique legacy of strength, stability and long-term thinking that has spanned generations. FCB is fully FDIC-insured. 

Total Assets: $230Bn
Total Deposits: $160Bn

Account Holding Bank Features:

• Account type offered: Current Account
• Resident & Non-Resident Accounts* (see list below)
• Physical address in the US is not required (unless there is a credit card requirement)
• Enhanced Due Diligence: Depends on Segment type and if any connections to restricted countries (Can take up to 45 days)
• Thresholds: N/A
• Online Banking: English Only. MT101s and MT940s available
 
All referrals must be sent to [email protected] along with:
1) Account Opening form
2) Reverse solicitation letter
3) Beneficial owner structure 
 
*FCB is only permitted to onboard non-resident entities incorporated in a select list of Permitted Countries:
 
Argentina Finland Netherlands
Australia France New Zealand
Austria Germany Norway
Bahamas Guernsey Panama
Barbados Hong Kong Puerto Rico
Belgium India Singapore
Bermuda Ireland Spain
Brazil Israel Sweden
British Virgin Islands Italy Switzerland
Canada Japan Taiwan
Cayman Islands Jersey United Arab Emirates
Chile Korea (South) United Kingdom
China Luxembourg Uruguay
Colombia Malta  
Costa Rica Marshall Islands
Cyprus Mauritius  
Denmark Mexico  
 

Details

Host Bank

Yes

Account holding bank

Yes

Domestic branches

Present all around the US

Non-domestic branches

1 India Office

Short name

FCB

Bank type

Full

Website

https://www.svb.com/

Services Offered

Cash Services

Yes

Lockbox

Yes

Reconciliation tools (cheque/cash)

Yes

Sweeping and pooling

Yes

Trade services

Yes

Treasury management

Yes

Customer Services

Dedicated IBOS desk

Yes

Preferential IBOS customer service

No

Single point of contact for client

Yes

Customer service in English

Yes

Electronic Banking

Electronic banking in local language

No

Electronic banking in local English

Yes

The IBOS web portal

Through our online portal, IBOS members can access everything they need from a centralised dashboard. From easily looking up IBOS banks by country or group to accessing detailed information about each member, our member platform makes international collaboration easier.

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