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First Citizens Innovation Banking (formerly Silicon Valley Bank) vs Wells Fargo: what each publishes

As of October 17, 2026, First Citizens Innovation Banking (formerly Silicon Valley Bank) takes these industries by its own published rules: Unlicensed financial services, with conditions; AI and SaaS, with conditions; Marketplace, with conditions. We hold no such rule from Wells Fargo.

First Citizens Innovation Banking (formerly Silicon Valley Bank)FDICWells FargoFDIC

Not a ranking: the two names are in alphabetical order. The free check applies every provider’s rules to your own answers.

Where it takes companies from

First Citizens Innovation Banking (formerly Silicon Valley Bank)

The regions its own documents name, read on October 16, 2026

Wells Fargo

The regions its own documents name, read on October 9, 2026

Policy by industry

First Citizens Innovation Banking (formerly Silicon Valley Bank) and Wells Fargo: published policy by industry
IndustryFirst Citizens Innovation Banking (formerly Silicon Valley Bank)Wells Fargo
Unlicensed financial servicesWith conditionsNo published rule
AI and SaaSWith conditionsNo published rule
MarketplaceWith conditionsNo published rule
CryptoDepends on the activityNo published rule
iGamingNo published ruleNo published rule
AdultNo published ruleNo published rule
Forex and CFDNo published ruleNo published rule

Where owners must live

First Citizens Innovation Banking (formerly Silicon Valley Bank)

No published rule

Wells Fargo

No published rule

Rules about countries

First Citizens Innovation Banking (formerly Silicon Valley Bank)

No published rule

Wells Fargo

No published rule

Fees

First Citizens Innovation Banking (formerly Silicon Valley Bank)

First Citizens Innovation Banking (formerly Silicon Valley Bank): published fees
PlanAccount openingMonthlyChecked
Essentials CheckingNot statedUSD 25 a month, waived with a USD 15,000 monthly average balance ('Monthly account maintenance fee of $25 is waived if billing family monthly average net collected balance is $15,000 or greater') · Source
Essentials Checking through Startup BankingNot statedFree for up to three years, then USD 50 a month plus outgoing wire fees ('Free checking through Essentials Checking available for up to three years from account opening') · Source

Wells Fargo

Wells Fargo: published fees
PlanAccount openingMonthlyChecked
Initiate Business CheckingNot stated; minimum opening deposit USD 25USD 15; waived with a USD 2,000 minimum daily balance, a USD 5,000 average combined business deposit balance, or a linked Premier Checking, Private Bank Checking or Private Bank Interest Checking account; fee waived for fee periods ending within the first 64 days · Source
Navigate Business CheckingNot stated; minimum opening deposit USD 25USD 25; waived with a USD 10,000 minimum daily balance, USD 15,000 average combined business deposit balances, or a linked Premier Checking, Private Bank Checking or Private Bank Interest Checking account · Source
Optimize Business CheckingNot stated; minimum opening deposit USD 25USD 75 monthly maintenance fee for the relationship, up to 5 accounts, plus USD 30 for each account above 5; an earnings allowance can offset eligible service fees · Source

Closing an account

First Citizens Innovation Banking (formerly Silicon Valley Bank)

We may, at our discretion, and without notice, close, cancel, freeze, suspend or terminate any account, product or service you have with us, any time, with or without cause.

Notice before closing · · Source

Account closed or frozen? What First Citizens Innovation Banking (formerly Silicon Valley Bank)’s terms say

Wells Fargo

We may close your account at any time.

Notice before closing · · Source

Account closed or frozen? What Wells Fargo’s terms say

Licence

LicenseeFirst Citizens Innovation Banking (formerly Silicon Valley Bank)Wells Fargo
LicenseeFirst-Citizens Bank & Trust Company · North Carolina state-chartered bank, Member FDIC (FDIC cert 11063) · First Citizens Innovation Banking, formerly Silicon Valley Bank, is a division of itWells Fargo Bank, National Association · national bank, Member FDIC (FDIC cert 3511)
RegulatorFDIC · FDIC ·