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CIT Bank eChecking Account Review
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Founded in 1908, CIT Bank N.A. currently operates as an online financial institution. The company ranks as one of the top 50 banks in the US and serves personal, business, and commercial customers will a full suite of banking and lending products. CIT Bank, N.A is a subsidiary of CIT Group Inc., headquartered in New York, New York.
How is CIT Bank rated?
Breakdown
Overall Rating: 0 / 5 (N/A)
CIT Bank Account Features
Account Features - 0 / 5
CIT Bank e-checking accounts offer a pretty standard range of features. You can pay bills online or via the company's mobile app. The app is equipped to take deposits, as well. Both incoming and outgoing wire and ACH transfers are supported by the bank.
You can open a CIT Bank with a minimum $100 deposit. In addition, you can deposit checks and make an unlimited number of withdrawals and disbursements from your account with the CIT Bank mobile app.
| Types of Checking Accounts |
Free Checking Accounts
Online Checking Accounts
Business Checking Accounts
Interest Bearing Checking Accounts
|
| Methods of Deposits |
Mail Check
ATM Deposit
Mobile Check Deposit
Wire Transfer
|
| Integration with Other Online Accounts |
Savings
External Banks
|
| No-Fee ATM |
No-Fee at Network ATMs
Reimbursement for Domestic ATMs
|
| ATM Locations | CIT Bank does not operate its own ATMs, but transactions are free when you use an in-network ATM. Customers receive up to $30 in out-of-network fee reimbursement per month. |
| Branch Offices | CIT Bank services its e-checking accounts strictly online. |
Overdraft Protection
You can set up overdraft protection by linking a CIT Bank savings or money market account when you open your e-checking account.
| Integration with Mobile Payment Services |
Apple Pay
Zelle
SamsungPay
|
| Card Blocking | Yes |
| Pay Bills Online | Yes |
| EMV Chip Technology | Yes |
| Bank Checks | No |
| Mobile App | Yes |
CIT Bank Fees and Restrictions
Fees and Restrictions - 0 / 5
CIT Bank does not charge a monthly service fee. You can make unlimited deposits, withdrawals, and disbursements from your checking account for free. ATM transactions are free through the company's own ATMs and customers are reimbursed for fees charged by other ATMs in the US up to $30 per month. Customers are charged 1% of the value of any foreign ATM transactions, Considering that many banks allow free foreign ATM transactions, that's a relatively steep price.
CIT Bank charges a $10 fee for returned deposits and a $30 insufficient fund fee per transaction.
| Maintenance Fee | 0 |
| Minimum Balance | 0 |
| Minimum Monthly Deposit | 0 |
| Minimum Number of Transactions | 0 |
CIT Bank Support, Reputation, and Financials
Support, Reputation, and Financials - 0 / 5
CIT Bank has been in business since 1908 and has survived many a market upset. The company earns an A- rating from the Better Business Bureau. It is not currently reviewed on Trustpilot.
CIT Bank N.A. has a clean record with the Consumer Financial Protection Bureau, which is an impressive feat for a financial company of its stature.
Standard & Poors gives the CIT Bank, N.A.'s parent company, CIT Group, Inc. a somewhat uncertain, BB+ rating, which may have to do with the company's recent merger with First Citizens BancShares Inc. to become the 19th largest bank in the US. Moody's gives CIT Group, Inc. a Ba-1 rating, but is considering the company for an upgrade.
| BBB Rating | A- |
| Consumer Financial Protection Board (CFPB) Complaints | 0 |
| Date Collected | 2021-06-23 |
| Year Founded | 1908 |
| Standard & Poor's Financial Rating | BB+ |
| Moody's Financial Rating | Ba1 |
| Live Help 24/7 | No |
| Customer Support Hours | Monday through Friday: 9:00 a.m. — 9:00 p.m. (ET) Saturday: 10:00 a.m. — 6:00 p.m. (ET) |
Contact Methods
- Phone
Company Profile
| Full Name | CIT Bank eChecking Account |
| Company Website |
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Our Partner
Earn Up to 0.10% APY* on your eChecking Account
- Balances under $25k to earn interest
- Up to $30 ATM fee reimbursement monthly for out-of-network US ATMs
- $100 min. opening deposit
Related to Checking Accounts
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There are few restrictions on opening and maintaining your account and the company has a very generous fee structure. You can make unlimited deposits and disbursements and in-network ATM transactions for free with a CIT Bank checking account. The company offers free overdraft protection if you link a CIT Bank savings or money market account to your checking account. Opening a CIT Bank e-checking account online is easy with and you can manage your entirely through the CIT Bank mobile app.