If you’ve never heard of CIT Bank, here’s your chance to learn more about them. CIT Bank is an exclusively online bank with no physical branches.
Through this post, you will found out how to manage your account, reach customer service, and the bank’s current offers.
CIT Bank Locations
Based in Southern California, CIT is an online bank that has only one physical location at their headquarters in Pasadena:
75 North Fair Oaks Ave
Pasadena, CA 91103
Keep in mind that this is their only headquarters’ office, so you can’t just walk in and try to do your banking there. Also, they do not have an ATM network, so you can’t withdraw any money.
CIT Customer Service Number & Hours
Current and new CIT customers can call to speak to representatives using these numbers:
- 855-462-2652 (within U.S.)
- 626-535-8965 (outside U.S.—toll call)
Customers will be able to reach representatives at these hours:
- Monday to Friday: 8:00 am – 9:00 pm (ET)
- Saturday: 9:00 am – 5:00 pm (ET)
- Sunday: 11:00 am – 4:00 pm (ET)
These are your only options if you have any questions about opening an account because CIT does not offer contact by email or live chat.
Other Ways To Contact CIT
Here are some additional options if you’re tring to contact CIT and/or manage your account:
- Online and Mobile Banking. Existing customers can send CIT secure emails through their online account. Online and mobile banking is available 24/7.
- Automated Phone Line. Existing customers can check their account balance anytime via CIT’s automated phone service at 855-462-2652.
- Mail In. Banking forms and checks can be mailed to:
- CIT Bank, N.A.
P.O. Box 7056
Pasadena, CA 91109-9699
- CIT Bank, N.A.
- Email Forms. You can also email banking forms to bankingforms@cit.com.
- Fax. CIT’s fax number is 866-914-1578.
How To Open A CIT Account
Since this bank operates completely online, you must open all CIT accounts online. Here’s how to do so:
- Start here to open a new account.
- Provide your name, address, phone, email, and Social Security number (or other taxpayer ID).
- Fund your account via electronic transfer from a linked checking or savings account, bank wire, or mail-in check.
- CIT’s routing number is 124084834.
About CIT Bank
Based in Southern California, CIT Bank is an online bank from the CIT Group Inc., a financial holding company with over 100 years in the industry.
Because they operate solely online, they save money on operating costs and offers customers higher interest rates and lower fees.
CIT Bank only offers saving products. So these products will range from savings accounts, money market, and CDs.
They do not offer checking accounts and have no access to an ATM network.
Pros & Cons Of Banking With CIT
Pros
- High interest rates, particularly for the Savings Builder account
- No monthly service fees on any of CIT’s accounts
- Low opening deposits ($100 for savings accounts and $1,000 for CDs)
- Minimal banking fees
Cons
- No checking accounts
- No physical locations
- No ATM card or ATM network
- CD rates not the highest
- May experience long wait times on the phone
CIT Bank Promotions
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Bottom Line
A major highlight of CIT Bank is that it’s a great place to open a savings account due to the fact that they offer competitive rates. CIT Bank is an excellent option if you don’t mind not having that face-to-face interaction.
If you like posts like these check out our post on CIT Bank Promotions!
They are an online only bank, but are headquartered in California. So beware! If you die, or someone for whom you are the estate executor dies that has assets in this bank you will have to probate the will in California as well as in the state where the person lived. If you think probating an estate is difficult in your home state, try probating in California. They call it “ancillary California probate”. If you have assets in CIT or any other CA headquartered bank you will have to do the entire probate process in CA as well as your home state. They require as much or more documentation as your home state, even if the deposits you had in the CA bank (in my case, CIT bank) are a small amount of the entire estate. My god, how frustrating and expensive it is to probate an estate in CA when the decedent had just a little of their money deposited there. Typical overreach of California. You can’t get the money unless you probate there, and just wait until you see the fees that are charged by lawyers and the court in CA! So just don’t put your money in CIT, or any bank headquartered in CA, if you are not a resident of CA. No other state does this.