How To Avoid CIT Bank’s Monthly Maintenance Fees

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Most banks charge their customers fees for monthly maintenance, ATM use or for overdrawing the account. Fortunately, the CIT Bank monthly maintenance fees can be avoided by being more strategic about how you do your banking. 

When you opened your account online, you might have skipped all the fine print explaining how you could save on many of the CIT Bank fees. No worries, you’re about to find out how.

What Are the CIT Bank Checking Account Fees?

There is no CIT Bank monthly maintenance fee for the bank’s eChecking account. Here’s a look at all the other CIT Bank checking account fees:

What Are the CIT Bank Savings Account Fees?

Like the CIT eChecking account, there is no CIT Bank monthly maintenance fee for the bank’s savings and money market accounts. Here’s a look at all the other CIT Bank savings account fees:

How To Avoid CIT Bank Monthly Maintenance Fees

CIT Bank doesn’t charge as many fees as other banks, so you have fewer fees to worry about. Regardless, every penny you can save counts. Here are three ways you can avoid CIT bank fees:

Limit Your ATM Withdrawals

CIT doesn’t have its own network of ATMs, so you’ll need to be more careful of how often you make cash withdrawals. CIT will refund up to $30 in ATM fees charged by the cash machine providers, but that might only cover a handful of withdrawals per month.

Instead of making frequent trips to the ATM, consider limiting your withdrawals to only one per week and taking out enough to cover all your cash needs. Limiting your cash withdrawals shouldn’t be a banking deal breaker. When you’re following a strict budget, paying in cash makes it harder to track your expenses. You could be better off using your debit card to pay for as many transactions as possible so you can examine your spending and see where your money goes every month.

Be Careful of Who You Send and Receive Money From

Some of the highest CIT Bank fees could be due to changing your mind about a payment you’ve made or arranged to receive. CIT Bank charges $10 per returned deposit if someone sends you money and stops it or refuses to honor it later. Changing your mind about a payment you issued and requesting a bill stop payment will cost you $30.

Avoiding CIT Bank Fees Is Simple

CIT Bank is one of the lowest-cost banks around. As long as you don’t mind doing your banking online or through the mobile app, you’ll pay fewer fees and earn a higher interest rate on your savings. 

Keeping CIT Bank fees low isn’t hard because the bank doesn’t charge many in the first place. You might miss out on physical bank branches and having access to a wide network of free ATMs, but the savings could be worth the small adjustments you need to make.

More CIT Bank

• CIT Bank Review: An Online Savings Account That Really Pays
• CIT Bank CD Rates
• CIT Bank Routing Number
• CIT Bank Holiday Hours

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