CIT’s National Direct Bank CIT Bank has launched a new self-service capability to move funds via wire transfer and to manage mature certificates of deposit (CDs) through the bank’s online and mobile platforms. The newest functionalities have added a lot of simplicity to the CIT digital banking experience and have made it easier to enable the customers to manage their money remotely and at their convenience.
Ravi Kumar (Head of CIT’s Direct Bank) said that they are committed to simplifying the banking experience for our customers and providing them with power to meet their goals with ease and efficiency. The latest enhancements have provided extra flexibility to help customers bank from anywhere, at any time.
The added features other than the new wire transfer capability is the option to choose the recipient type, such as a standard or intermediary recipient, an escrow company, easing the data entry process. Transactions are secured through the use of a one-time passcode delivered by a phone call or SMS message.
The upgrades on CD management help the customers to manage their accounts at their convenience. Once a CD matures, users can simply log-on through their mobile or online banking platform for options such as changing their CD terms or transfer funds to an existing CIT bank account.
The self-service features of CIT are the latest digital functionalities introduced by the direct bank. The bank also released eChecking, which features a large variety of payment solutions and electronic transfer. It also includes debit card controls, Apple Pay, Bill Pay, and Samsung Pay, while partnering with Zelle as well.
CIT is one of the leading national banks who have set their focus on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. is a financial holding company with experience that extends over a century and also operates a principal bank subsidiary – CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The company’s commercial banking segment includes community association banking, equipment and vendor marketing, commercial financing, factoring, middle-market banking, treasury and payments services, railcar financing, asset management, and capital markets. CIT’s consumer banking sector also includes a national direct bank and regional branch network that helps the customers for easy access to the services of CIT.
