CIT Bank has built a solid reputation for offering high-yield savings accounts and CD options with no monthly fees. But one common question among users—especially since CIT Bank is online-only—is: “How do I get free ATM withdrawals?”
Because CIT Bank doesn’t have its own ATM network or physical branches, this is a valid concern. Fortunately, CIT does provide a smart solution that makes accessing your cash more flexible than you’d think. In this article, we’ll break down how you can get free ATM withdrawals with CIT Bank, how the reimbursement system works, and tips to avoid unnecessary fees.
🏧 Does CIT Bank Have Its Own ATM Network?
Short answer: No.
CIT Bank is a digital-only bank, which means they don’t operate their own branded ATMs or physical locations. This could sound limiting at first, but the bank has a workaround that helps customers avoid typical ATM charges.
💡 So How Do You Get Free ATM Withdrawals?
CIT Bank offers ATM fee reimbursements through its eChecking account, which means if you use any U.S. ATM, CIT Bank will reimburse up to $30 per month in ATM fees charged by other banks or ATM operators.
✅ Here’s How It Works:
- Open an eChecking Account with CIT Bank.
- Use any ATM across the U.S.—whether it’s at a grocery store, gas station, or another bank.
- If the ATM charges a fee (usually $2–$5), CIT will automatically refund those charges—up to $30 each calendar month.
- The refund is credited back to your account at the end of the month.
🎯 What Makes This Useful?
This perk is especially valuable because most banks with branch-based ATMs only waive fees within their own network. With CIT Bank, you’re not tied to any one ATM network. Whether you’re traveling, living in a rural area, or just grabbing quick cash from the corner store, you’re covered.
Real-World Example:
You stop by a 7-Eleven ATM to withdraw $100. The ATM charges a $3.00 fee. Later that month, CIT Bank automatically credits $3.00 back to your account.
📌 Requirements to Qualify
To receive these ATM reimbursements, you must have a CIT eChecking account. This feature doesn’t apply to their Savings Connect or Money Market accounts.
Key requirements:
- No minimum balance to receive reimbursements.
- No need to opt in or manually request the refund—it’s automatic.
📲 How to Open a CIT eChecking Account
Opening an eChecking account is easy, and you can do it in minutes online:
- Visit www.cit.com and choose “Banking” → “eChecking.”
- Provide basic personal details (name, address, Social Security number).
- Fund your account with an initial deposit—minimum is just $100.
- Receive your free debit card by mail, which you can use at any ATM.
🛡️ Debit Card & Mobile Features
Once your eChecking account is active, you’ll receive a CIT debit Mastercard in the mail. It works like any standard bank card and can be used for:
- ATM withdrawals
- Online and in-store purchases
- Mobile wallet services (Apple Pay, Google Pay, Samsung Pay)
You can also manage everything through the CIT mobile app, including:
- Finding ATMs
- Tracking reimbursements
- Setting up direct deposit
- Paying bills online
💵 Tips to Maximize Your Free ATM Usage
Here are a few pro tips to make the most out of your $30 monthly ATM fee reimbursement:
1. Use Higher Withdrawal Amounts
If you’re paying an ATM fee, try to withdraw a larger amount to avoid multiple charges. Better to withdraw $100 at once with a $3 fee than $20 five times.
2. Keep Track of Reimbursement Limits
CIT only reimburses up to $30 per month, so avoid racking up more than six $5 ATM fees in one cycle.
3. Use Fee-Free ATMs When Possible
Even though you’ll get reimbursed, avoiding fees altogether when you can helps save CIT’s resources (and may help you down the line if they ever revise the policy).
4. Set Up Direct Deposit
Having your paycheck go directly into your eChecking account helps ensure your account remains active and ready for ATM use anytime.
🧠 Final Thoughts
If you’re thinking about switching to a fully online bank but worry about accessing your cash, CIT Bank’s eChecking account is a great solution. With free ATM withdrawals nationwide (via reimbursement), no monthly fees, and a simple mobile interface, you get the flexibility of a modern banking experience without sacrificing ATM access.
So whether you’re traveling across states or just need some weekend cash at your local gas station, CIT Bank has your back.