CIT Bank eChecking Review

CIT Bank eChecking is offered by CIT Bank, a bank founded in 2000 and based in Salt Lake City, UT. CIT Bank eChecking is available in 50 states (and Washington, DC).

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).

What are the account minimums for CIT Bank eChecking?

CIT Bank eChecking requires a minimum initial deposit of $100 to open an account.

What fees does CIT Bank eChecking charge?

The good news is that this account does not charge a monthly maintenance fee.

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.