CIT Bank is a bank that I discovered a few years ago after learning how expensive wire transfers were. Very few banks offer it for free and some charge as much as $50 to send and receive wire transfers.
CIT Bank is one that charges no incoming wire transfer fee and $10 for outgoing wire transfers if your balance is less than $25,000. If your balance is more than $25,000, the wires are free. $10 is already a relatively cheap fee but free is free!
Anyway, you’re not here for that – you’re here to learn whether CIT Bank has a bonus and the details of that bonus.
There is just one – on the eChecking account.
Who is CIT Bank?
CIT Bank is now a division of First Citizens Bank after the two completed their merger in early 2022. They’re a nationwide bank and so there are no geographic restrictions as to who can open an account with CIT Bank. They are FDIC insured, like every other bank listed on this side.
We have a review of CIT Bank if you want to learn more.
From time to time, CIT Bank offers a variety of promotions for their accounts. I’ve found them to be pretty generous and so I jumped on a promotion for their Savings Builder account a while back.
Today, we have a promotion for their Money Market account and it appears to be available for new and existing customers.
CIT Bank eChecking – $100
CIT Bank has an eChecking bonus that is available for new customers.
Just open a new eChecking account using the promotion code EC2025 and make a deposit, the amount of the dpeosit will determine your bonus:
- Deposit $1,000 – $24,999 and get $50
- Deposit $2,500 or more and get $100
They calculate your bonus 30 days after you open the account and will add the bonus 60 days after qualifying.
(Offer does not have a listed expiration date and can end at any time)
How Does This Bonus Compare?
This checking account offer is modest because it’s only $100 but it doesn’t require much by way of a deposit, just stick in $2,500 for a month or so.
I’m a fan of CIT Bank because the offer free outgoing wires when you have a balance of at least $25,000 and so this is just another sweetener on the account. The money market account also offers a decent interest rate (it’s not zero!) so it’s an all around good offer.
Here are some alternatives:
U.S. Bank – up to $450
Earn up to $450 when you open a new U.S. Bank Smartly® Checking account and complete qualifying activities. Subject to certain terms and limitations. Offer valid through May 6, 2025. Member FDIC.
Get started with an initial deposit of $25 within 30 days. Offer may not be available if you live outside of the U.S. Bank footprint or are not an existing client of U.S. Bank or State Farm.
BMO Checking – $400
BMO is offering a $400 bonus* when you open a BMO Checking account and you have a cumulative total of $4,000 in qualifying direct deposits within 90 days of account opening between 5/5/25 - 9/8/25. It is a very straightforward offer that is available nationwide.
*Conditions apply
Bank of America – $300 Bonus Offer
Bank of America offers a $300 Bonus Offer cash bonus if you open a new account and Set up and receive Qualifying Direct Deposits* totaling $2,000 or more into that new eligible account within 90 days of account opening. Bank of America Advantage SafeBalance Banking® for Family Banking accounts are not eligible for this offer. It has a monthly fee that is easy to have waived.
Chase Total Checking® – $300
Chase Bank will give you $300 when you open a Total Checking account and set up and receive direct deposits totaling $500 or more within 90 days. There is a $12 monthly fee that is waivable with a monthly direct deposit of just $500, so no gotchas on this deal!
