Does First Citizens Innovation Banking (formerly Silicon Valley Bank) accept unlicensed financial services businesses? (October 2026)
With conditions: as of October 16, 2026, First Citizens Innovation Banking (formerly Silicon Valley Bank) accepts unlicensed financial services businesses with conditions, per its published policy.
With conditions
Licensee: First-Citizens Bank & Trust Company (FDIC)
What the policy says
You are not permitted to act as a payment intermediary or otherwise engage in activity that would be deemed a money services business under federal law or a money transmitter, check casher, check prorater, finance company or dealer in foreign or U.S. currency under any similar state laws, without our express consent.
Has this rule changed? Tell us
More from our base
- What every provider publishes about unlicensed financial services businesses
- First Citizens Innovation Banking (formerly Silicon Valley Bank): licence, policy and fees
- First Citizens Innovation Banking (formerly Silicon Valley Bank) and crypto businesses
- First Citizens Innovation Banking (formerly Silicon Valley Bank) and AI and SaaS businesses
- 3S Money and unlicensed financial services businesses
- Airwallex and unlicensed financial services businesses