| Community Rating |
Rating not yet determined |
| Monthly Fee | $0 |
| ATM Fee: Out-of-Network | $0 |
| Minimum Balance to Avoid Monthly Fee | N/A |
| APY (Annual Percentage Yield) | 0.10% - 0.25% |
CIT Bank eChecking Review
CIT Bank eChecking is offered by CIT Bank, a bank founded in 1908 and based in Salt Lake City, UT. CIT Bank eChecking is available in 50 states (and Washington, DC).
Key Takeaways
- Low APY. The maximum annual percentage yield for this account is only .25%.
- $0 monthly fee. This account does not charge a monthly maintenance fee.
- $100 minimum deposit. This account requires a higher minimum initial deposit than most of the accounts we track.
- No ATM fees. CIT Bank eChecking does not charge fees on ATM transactions.
- Up to $30 in ATM fee reimbursements. This account will reimburse you for the ATM fees charged by other financial institutions.
- Free bill pay. Pay your bills to practically anyone in the United States through CIT Bank.
- Hard credit pull. CIT Bank may require a hard pull on your credit report to open a checking account.
CIT Bank eChecking Pros & Cons
| Pros | Cons |
|---|---|
|
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CIT Bank eChecking FAQ
Are checking accounts from CIT Bank federally insured?
Yes, your CIT Bank checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #58978). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
What APY does CIT Bank eChecking offer?
CIT Bank eChecking offers an APY starting at .10% and ranging up to .25% (APY stands for annual percentage yield, rates may change).
| Rates | Amount |
|---|---|
| APY (Annualized Percentage Yield) | .10% - .25% |
What are the account minimums for CIT Bank eChecking?
CIT Bank eChecking requires a minimum initial deposit of $100 to open an account.
| Description | Amount |
|---|---|
| Minimum Initial Deposit | $100 |
What fees does CIT Bank eChecking charge?
The good news is that this account does not have a monthly service charge.
| Description | |
|---|---|
| ATM Fee: In-Network | $0 |
| ATM Reimbursement Monthly Limit | $30 |
| Debit Card Replacement Fee | $10 |
| Early Account Closure | $10 |
| Foreign Transaction Fee (Debit Card) | 1% |
| Monthly Fee | $0 |
| NSF Fee | $30 |
| Overdraft Item Fee | $30 |
| Overdraft Protection Fee (per transfer) | $30 |
| Paper Statement Fee | $10 |
| Returned Deposit Fee (Domestic) | $10 |
| Returned Deposit Fee (International) | $10 |
| Stop Payment Fee | $30 |
| Wire Transfer Fee - Domestic (Incoming) | $0 |
| Wire Transfer Fee - Domestic (Outgoing) | $10 |
| Wire Transfer Fee - International (Incoming) | $0 |
| Wire Transfer Fee - International (Outgoing) | $10 |
| ATM Fee: Out-of-Network | $0 |
What features and perks does CIT Bank eChecking offer?
This account includes the following features:
- ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks up to a monthly maximum of $30.
- Fraud monitoring - CIT Bank eChecking monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
- Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
- Mobile Banking Services - CIT Bank eChecking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
- Nationwide ATM network - Conveniently transact at a nearby ATM.
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Contact
- Headquarters
-
2180 S 1300 East, Suite 250
Salt Lake City, UT 84106 - Visit Site
Other Services by CIT Bank
Availability
Available in 50 states and Washington, D.C.
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Washington, DC
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| APY Minimum Balance | $0 |
| Minimum Initial Deposit | $100 |
CIT Bank eChecking Community Reviews
Would you recommend CIT Bank eChecking to your friends?
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