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  CIT Bank eChecking

CIT Bank eChecking

in Checking Accounts from CIT Bank · Member FDIC

Claimed

CIT Bank eChecking

Claimed

in Checking Accounts from CIT Bank · Member FDIC

Net Recommendation Score +100%

SUPERMONEY NET RECOMMENDATION SCORE

+100%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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Highlights
Community Rating

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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 2000 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.
  • Large minimum initial deposit. You need a minimum deposit of $100 to open an account. This is a relatively large minimum initial deposit when compared to the other accounts that 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
  • Available in all 50 states.
  • Interest-yielding account.
  • Free debit card
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
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).

CIT Bank eChecking Rates and Terms
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.

CIT Bank eChecking Account Minimums
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.

CIT Bank eChecking Fees
Description
Monthly Fee $0
Paper Statement Fee $10
ATM Fee: In-Network $0
ATM Fee: Out-of-Network $0
NSF Fee $30
Overdraft Protection Fee (per transfer) $30
Overdraft Item Fee $30
Early Account Closure $10
Returned Deposit Fee (Domestic) $10
Debit Card Replacement Fee $10
Bank Teller Fee N/A
Check Cashing Fee N/A
Online Bill Pay Fee N/A
Stop Payment Fee $30
Check Image Service N/A
Check Copy N/A
Foreign Transaction Fee (Debit Card) 1%
Wire Transfer Fee - Domestic (Outgoing) $10
Wire Transfer Fee - International (Outgoing) $10
Wire Transfer Fee - International (Incoming) $0
Returned Deposit Fee (International) $10
Wire Transfer Fee - Domestic (Incoming) $0
ATM Reimbursement Monthly Limit $30

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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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
ATM Fee: In-Network $0
Monthly Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - International (Incoming) $0
ATM Fee: Out-of-Network $0
ATM Reimbursement Monthly Limit $30
Debit Card Replacement Fee $10
Early Account Closure $10
Foreign Transaction Fee (Debit Card) 1%
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 (Outgoing) $10
Wire Transfer Fee - International (Outgoing) $10
Bank Account Features
  • No ATM Fees
  • FDIC Member
  • Bauer Financial A+/A Rating
  • Debit Card
  • Free Bill Pay
  • Fraud Monitoring
  • Mobile Banking
  • Nationwide ATM Network
  • ATM Reimbursement
  • Interest Bearing Account
  • No Monthly Maintenance Fee
  • Mobile Check Deposit
APY (Annual Percentage Yield) 0.10% - 0.25%

CIT Bank eChecking Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

+100%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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