Quick Answer: Is Citizens Bank A Real Bank?

What type of bank is Citizens Bank?

retail bankAs the 13th largest retail bank in the United States, we deliver a broad range of financial services to over five million individuals, companies, not for profits, and institutions..

Does Citizens Bank have a minimum balance?

We currently offer 4 different personal Checking accounts, all of which have no minimum balance to open. … Our One Deposit Checking account has a monthly maintenance fee of $9.99, which can be fee waived with one deposit of any amount and any type each statement period.

Who is Citizens Bank owned by?

the RBS GroupOur history dates back to High Street Bank, founded in 1828, which established Citizens Savings Bank in 1871. By 1981, we had grown to 29 branches in Rhode Island with approximately $1.0 billion of assets. In 1988 we became a wholly-owned subsidiary of the RBS Group.

Is Citizens Bank a good credit card?

In a Nutshell: The Citizens Bank Cash Back Plus World MasterCard offers an outstanding rewards rate on everyday purchases and a lengthy 0 percent balance transfer offer; but its standard APR is on the high side for a balance transfer card.

What is the largest black owned bank in America?

the premier bank for urban communitiesOneUnited Bank is the premier bank for urban communities, the largest Black-owned bank, the first Black internet bank and a Community Development Financial Institution (CDFI).

Is Citizens Bank insured by FDIC?

Citizens Bank is an insured member of the Federal Deposit Insurance Corporation (FDIC), which means deposits in all types of accounts are insured, dollar-for-dollar, up to $250,000 per person.

Is Citizens Bank a black owned bank?

Now the oldest, continuously operating, minority-owned bank in the United States, Citizens Savings Bank and Trust Company was founded by distinguished community leaders, including R. H.

Is Citizens Bank owned by Wells Fargo?

Between 1988 and its 2014 initial public offering, Citizens was a wholly owned subsidiary of The Royal Bank of Scotland Group. RBS sold its last 20.9% stake in the company in October 2015. Citizens operates more than 1,200 branches and approximately 3,200 ATMs across 11 states under the Citizens Bank brand.

Who is the CEO of Citizens Bank?

Bruce Van Saun (Oct 2013–)Citizens Financial Group/CEO

Is Citibank the same as Citizens Bank?

Citizens Bank is an east Coast bank with solid deposit products to help meet goals. While Citibank has 700 branches across the U.S. … Accounts must be opened as a checking & savings package.

Does Citizens Bank charge to close account?

You may close your checking account by notifying us by visiting your local branch or calling our Customer Service Team 24 hours a day, 7 days a week at 800-922-9999. Note that simply reducing your account balance to zero is insufficient to close your account and will not exempt you from fees.

Does First Citizens Bank have free checking?

To be eligible for Free Checking, you must sign up to receive First Citizens paperless statements within 60 days of account opening. … Check with your carrier for more information. Fees may apply for use of certain services in First Citizens Digital Banking.

What is the interest rate for Citizens Bank?

0.02%Interest rate:0.02% for any amount in your account. Monthly maintenance fee: None. ATM fees: None for Citizens Bank ATMs.

What is the best savings account to open?

Best savings accounts & rates of November 2020Best Overall Rate: Citibank – 0.70% APY.High Rate: Vio Bank – 0.66% APY.High Rate: Popular Direct – 0.65% APY.High Rate: Ally Bank – 0.60% APY.High Rate: American Express National Bank – 0.60% APY.High Rate: Synchrony Bank – 0.60% APY.High Rate: Comenity Direct – 0.60% APY.More items…

Is citizens access a safe bank?

Funds held in Citizens Access Online Savings accounts are automatically insured by the Federal Deposit Insurance Corporation (FDIC) up to the maximum allowed by law. FDIC insurance is backed by the full faith and credit of the United States government.