Why CIT Bank is Online Only

CIT Bank is an online financial institution that aims to earn high yield savings, and has various account options to go about it. It offers accounts for savings and multiple CDs, including a no-penalty CD.

There are no monthly service fees, but both the savings and money market requires a $100 minimum deposit while term CDs require a $1,000 minimum.

However, CIT Bank doesn’t have any ATMs, but the bank will reimburse you up to $15 per month for other banks’ ATM fees.

Continue reading below to learn more about if their services are legit.

Does CIT Bank have branches?

Since CIT Bank is an online bank, it does not have physical branches. They do have one office location which is their headquarter.

75 North Fair Oaks Ave
Pasadena, CA 91103

Please keep in mind that this is only their headquarters’ office, so it’s not a place where you walk in and do any banking related business.

Does CIT Bank have ATMs?

CIT Bank eChecking account comes with a Mastercard debit that you can use to make ATM transactions. Since CIT is an online bank, it doesn’t have its own ATM network.

CIT will reimburse up to $15 in ATM fees charged by other banks at the end of every monthly statement period.  So you have the flexibility to use any ATM you want and not worry about any fees.

Can CIT customers use OneWest?

OneWest Bank is a division of CIT Bank, but CIT and OneWest operates as separate banks. So, no a CIT Bank customer can’t visit a OneWest branch for their banking needs.

Although, they operate separately, they’re still considered the same financial institution. So the money held between both banks would count jointly toward the $250,000 FDIC insurance limit.

How to Manage Your Account

CIT customers can manage their account online on the web browser or on CIT’s mobile banking app. Get the benefits of digital convenience and the ease of online banking by:

CIT Customer Service

If you find yourself with questions about CIT’s operations, they have multiple customer service lines running from 9 a.m. to 9 p.m. EST on the weekdays. On the weekends, the lines operate from 10 a.m. to 6 p.m. on Saturday and are closed on Sundays.

CIT Bank’s customer service numbers are:

• 855-462-2652 (within the U.S.)
• 626-535-8964 (outside the U.S., toll number)
• 866-914-1578 (fax)

Other Ways to Contact CIT

• Online and Mobile Banking: Customers can send CIT secure emails through their online account. Online and mobile banking is available 24/7.
• Automated Phone Line: d
• Mail In: You can mail banking forms and checks to:

CIT Bank, N.A.
P.O. Box 7056
Pasadena, CA 91109-9699

• Email Forms: You can also email banking forms to bankingforms@cit.com.
• Fax: CIT’s fax number is 866-914-1578.

What CIT Offers

How to Open an Account with CIT

1. Open Account

To open a new bank account, you’ll have a to provide your name, address, phone, email, and Social Security number or other taxpayer ID.

2. Fund Account

Fund your account via electronic transfer from a linked checking or savings account, bank wire, or mail-in check.

3. Verify Micro Deposits

CIT Bak will make two tests micro deposits to your funding account, so this way they can check that you are the owner of the bank account.

Then within three business days, you’ll receive an email asking you to verify the micro deposits. So as soon as you verified them,  CIT Bank will process the transaction to fund your new account.

Bottom Line

If you are more interested in earning high yield savings than anything else when it comes to banking, then CIT Bank would be right up your ally. If you’re interested in banking with CIT Bank, see our list of the latest CIT Bank Bonuses! For more options from a variety of banks, see our list of the best bank promotions!

Chase Bank Business Checking Bonus: $300 or $500 Offer Coupon – Ends 7/17/25

CIT Bank Promotions April 2025: $225, $300 Bonus + Up to 4.10% Platinum Savings, Savings Connect, CD Rates

Huntington Bank Promotions for April 2025: $100, $400, $1,000 Checking Bonuses – Ends 6/9/25

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