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First Citizens Innovation Banking (formerly Silicon Valley Bank)

First Citizens Innovation Banking (formerly Silicon Valley Bank): industries it takes by its own published rules: Unlicensed financial services, with conditions; AI and SaaS, with conditions; Marketplace, with conditions. Depends on the activity: Crypto. Last verified October 17, 2026.

Licensee
First-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 it
Regulator
FDIC ·

Where it takes companies from

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

Products it publishes

International payments and FXSays it offers this

Send cross-border payments in 90+ currencies using high-value wires or low-cost, efficient, local clearing systems.

First Citizens Innovation Banking (formerly Silicon Valley Bank) · International payments and FX · Offers it · · Source

15 wires per month includes 5 domestic outgoing wires, 5 international USD outgoing wires, and 5 international FX outgoing wires at no charge.

First Citizens Innovation Banking (formerly Silicon Valley Bank) · International payments and FX · Offers it · · Source
Company cardsSays it offers this

Essentials includes a physical debit card, plus you can add a secure digital version of your SVB card to your mobile wallet

First Citizens Innovation Banking (formerly Silicon Valley Bank) · Company cards · Offers it · · Source

A scalable card with more flexibility to manage purchases and payables.

First Citizens Innovation Banking (formerly Silicon Valley Bank) · Company cards · Offers it · · Source
Accepting card paymentsSays it offers this

Accept payments on your website or app

First Citizens Innovation Banking (formerly Silicon Valley Bank) · Accepting card payments · Offers it · · SourceConditions: merchant services, subject to underwriting

Scale your global business and accept payments in over 140 currencies around the world.

First Citizens Innovation Banking (formerly Silicon Valley Bank) · Accepting card payments · Offers it · · Source

Every provider that says it offers this

Bulk payoutsSays it offers this

Expand your platform services and monetize payments with embedded solutions, customized with payment rails, compliance controls, fraud protection and other services.

First Citizens Innovation Banking (formerly Silicon Valley Bank) · Bulk payouts · Offers it · · Source

Every provider that says it offers this

Virtual accounts for your customersSays it offers this

Enable your business customers to accept payments within your platform, while you earn fee revenue from their transactions and control underwriting.

First Citizens Innovation Banking (formerly Silicon Valley Bank) · Virtual accounts for your customers · Offers it · · Source

Every provider that says it offers this

Crypto on- and off-rampSays it does not offer this

From banking to specialty financing and payment services, we provide fiat-based banking solutions built to scale with you.

First Citizens Innovation Banking (formerly Silicon Valley Bank) · Crypto on- and off-ramp · Does not offer it · · Source

Every provider that says it offers this

Does not say it offers: Safeguarding account, Client money account, Escrow

As its own pages say it, each quote with the date we read it. A product it does not mention is never shown as one it does not offer.

Currencies it holds

Holds USDa balance; account details of its own on the local payment system

Monthly account maintenance fee of $25 is waived if billing family monthly average net collected balance is $15,000 or greater.

First Citizens Innovation Banking (formerly Silicon Valley Bank) · USD · · SourceThis quote speaks to: a balance

Typically, we post all credit transactions such as deposits, ACH credits and incoming wire transfers before we post debits.

First Citizens Innovation Banking (formerly Silicon Valley Bank) · USD · · SourceThis quote speaks to: account details

Collect from around the globe in up to 26 currencies.

First Citizens Innovation Banking (formerly Silicon Valley Bank) · USD · · SourceThis quote speaks to: account details

Does not say it holds: CAD, SGD, HKD, AUD

Only currencies its own pages name, each quote with the date we read it. A currency it does not mention is never shown as one it does not hold.

Policy by industry

First Citizens Innovation Banking (formerly Silicon Valley Bank): published policy by industry
IndustryStatusChecked
Unlicensed financial servicesWith conditions
AI and SaaSWith conditions
MarketplaceWith conditions
CryptoDepends on the activity

No published rule (read in full on October 16, 2026): iGaming, Adult, Forex and CFD

Has this rule changed? Tell us

Alternatives to First Citizens Innovation Banking (formerly Silicon Valley Bank)

Fees

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

Fees of every provider

Closing an account

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

What we read

Acceptable use and prohibited activities
Searched, none published · innovation.firstcitizens.com/content/da…
Countries it refuses
Searched, none published · firstcitizens.com/international-disclos…
Terms on closing accounts
Read · innovation.firstcitizens.com/content/da…