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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.
 
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How is CIT Bank rated?

Breakdown

Overall Rating: 0 / 5 (N/A)

CIT Bank is a solid institution with more than a 100-year history. Its e-checking accounts don't offer any particularly unique features, but they are a relatively low-cost option when compared to other checking accounts.
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.

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.

Interest (APY)

Varies with account balance

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
  • Email

Company Profile

Full Name
CIT Bank eChecking Account
Company Website
https://citbank.com
Our Partner
SEE OFFER

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

View CIT Bank Offer

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