July 18, 2020 Posted By: growth-rapidly Tag: Banking
You may need your CIT Bank routing number for several things from sending money to friends and family to direct deposit money.
This guide will help you find your CIT Bank routing number.
What is a routing number?
A routing number is a 9-digit number that banks use to identify themselves. Think of it as an address that lets banks know where to send the money.
A routing number is often referred to as the ABA number or check routing number.
The American Bankers Association created the bank routing number in 1910 in order to process paper checks and allow banks and other financial institutions to send and receive funds from and to other financial institutions.
Unlike other banks such as Wells Fargo routing number and Citibank routing number, which have several routing numbers for different states, CIT Bank only has one routing number.
That is because CIT Bank is an online-only bank. So it does not matter where you live, you only need to know one routing number.
CIT Bank Routing Number:
The CIT Bank routing number is: 124084834.
As mentioned above, because CIT bank does not have local branches, you will only need to remember the number above to do your transactions, regardless of where you live.
So, for example, if you live in New York, your CIT Bank routing number is still 124084834.
You will need your CIT bank routing number for several reasons. For instance, you need it for:
- To set up direct deposit
- For ACH payments;
- To transfer funds between accounts at different banks;
- For bill payments;
- To receive government benefits;
- To receive tax refunds;
- For wire transfers;
- To have payments like paycheck deposited into your account
How to Find Your CIT Bank Routing Number?
There are several ways to find your CIT Bank routing number.
Your CIT Bank personal check.
For your CIT bank “eChecking” account, you can find your routing number at the bottom left hand corner of the personal check.
On this page:
In case you have missed it, we have listed the CIT Bank routing number earlier in this article. It is: 124084834.
Cit bank online:
Find your routing number online by going to their resources and FAQs page.
Call customer service:
Lastly, you can call customer service at 855-462-2652 to get your routing number. However, you will need to identify yourself to get your number.
Once you do so, a representative will be able to help you.
Routing Numbers for Domestic Wire Transfers
With your CIT Bank account, you are able to wire money to other bank accounts in the United States.
Other banks can also wire money to your account as well.
So, to get funds from a domestic wire, use this routing number: 124084834.
You will also need the following:
- The recipient’s name as it appears on the account;
- The address of the recipient including the city and state;
- Account number of the recipient; and
- The bank routing number.
One thing to be aware of, while CIT bank does not charge for incoming wires, they will charge you a $10 fee for outgoing fee unless you maintain a daily of $25,000 or more.
If you are a commercial, listing service, and institutional client, call CIT Bank at 877-748-0004 to get the correct routing number for wire transfers.
Routing Numbers for International Wire Transfers
CIT Bank does not have outbound international wire transfers at this time. But, you can receive an international transfer from another bank.
So, just provide the routing number 124084834 to whoever wants to send you an international wire transfer. Also CIT Bank does not have a SWIFT code, which is used for international transfers.
The Bottom Line
You will need your CIT Bank routing number to do several financial transactions. For example, you will need it to set up direct deposit, automatic payment, or wire transfer.
So it’s important to know what it is and to keep it handy.
However, if you don’t have an account with CIT Bank yet, make sure you check out their CIT Bank savings accounts and best CD rates.
Speak with the Right Financial Advisor
- If you have questions about your finances, you can talk to a financial advisor who can review your finances and help you reach your goals (whether it is making more money, paying off debt, investing, buying a house, planning for retirement, saving, etc).
- Find one who meets your needs with SmartAsset’s free financial advisor matching service. You answer a few questions and they match you with up to three financial advisors in your area. So, if you want help developing a plan to reach your financial goals, get started now.