CIT Bank Review

CIT, which stands for Commercial Investment Trust, was founded in 1908 in St Louis, Missouri. Then in 2011, CIT Bank was launched online. It’s one of the largest banks in the country. Since all of its banking services exist solely online, CIT Bank focuses all of its attention on making online banking as efficient and easy to use as possible.

In this CIT Bank review, we break down everything the bank offers to help you evaluate whether it meets your needs.

Pros and Cons of CIT Bank



What Does CIT Bank Offer?

When it comes to online banking products, no fee, high-interest savings accounts are one of the biggest draws. CIT Bank also offers checking accounts. However, the bank doesn’t have its own network of ATMs. On the plus side, though, it does reimburse some ATM fees that customers incur when using other bank’s ATMs.

CIT Bank also offers multiple ways to get in touch for assistance. For instance, customer service centers are reachable by phone from 9 a.m. to 9 p.m. ET during the week and 10 a.m. to 6 p.m. on Saturdays. You’re also able to contact customer service by email, and you can even use social media to get in touch by interacting with their Twitter account. Many reviews of the bank say that CIT Bank’s customer service is friendly and helpful.

Beyond mobile and online banking services, CIT Bank also offers home loans. So, if you’re interested in purchasing a home or refinancing your mortgage, then CIT Bank may be able to help.

What To Expect on the Site

Opening a new CIT Bank account is an easy process. From start to finish, it can take about five minutes. When you head to the website, it’s going to ask you for the standard information you’d expect when opening a new account, such as basic identification information. After that, your new account is ready to go.

CIT Bank makes online banking straightforward. Its website and app aren’t bogged down with a lot of bells and whistles. For some users, that may be a downside because it doesn’t boast a ton of extra features. For others, this keeps online banking simple and easy to understand. You can check your transaction history, look at balances, and transfer funds between accounts.

In addition to banking on the website, there’s also an easy-to-use mobile app available on Google Play and the App Store. This gives you an additional way to keep up to date on your finances in a hassle-free way.


There are no monthly fees associated with having a checking or savings account through CIT Bank. However, because it doesn’t have its own ATM machines, you’re subject to fees anytime you need to use one. CIT Bank does reimburse up to $30 per month of other bank’s ATM fees, though.

What People Are Saying About CIT Bank

As of July 2021, CIT Bank has a great Trustpilot rating. Based on customer feedback, CIT Bank has a Trustpilot score of 4.1 out of 5 stars:

The Bottom Line

CIT Bank does a good job of bridging the divide between traditional banking and online banking. You can get the same services as you’d expect from an in-person bank but in an easy-to-understand way on their website and mobile app.

If you want a bank that doesn’t saddle you with fees for everyday banking, then CIT Bank is definitely worth looking into. You may find it’s a good fit as you compare the best online banks.