CIT Bank Bonus Promotion: Free Amazon Prime with $15,000 Deposit

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. I’m happy to report they have an active promotion going on right now and it’s pretty good.

Table of Contents
  1. Who is CIT Bank?
  2. How to Get Free Amazon Prime Membership ($139) from CIT Bank
  3. How Does This Bonus Compare?

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 tobe available for new and existing customers.

How to Get Free Amazon Prime Membership ($139) from CIT Bank

The promotion is pretty easy:

  • Open a new CIT Money Market account using the promo code AMZN22;
  • Fund your account with at least $15,000 within 15 days and keep a minimum balance of at least $15,000 for 60 days following the 15-day funding period.
  • Within 30 days following the end of the funding period, if you’ve fulfilled the requirements, we’ll send you an email with your Prime membership code.

This promotion will work for new and existing Amazon Prime customers. If you have an existing membership, the code can be used to renew your membership for an extra year.

It appears that existing CIT Bank customers can do this promotion – you just have to open a new Money market account and fund it with new-to-CIT Bank funds. Fortunately you can have multiple accounts.

The only restriction is that there is a limit of one Money Market promotional offer per account and per customer – which seems fair to me. Oh, and you must redeem it no later than 3/23/2024.

Don’t forget the promotion code!

Open a CIT Bank MMA Account

(No published expiration but can end at any time without notice)

I‘m an existing CIT Bank customer with a Savings Builder account and I will be trying this out. When I opened my account, I was able to enter the promo code and it didn’t tell me I wasn’t eligible. While that doesn’t mean it worked, it is a promising sign.

How Does This Bonus Compare?

The bonus is for a membership worth $139 on a deposit of $15,000 for 60 days. We use Amazon Prime so we get the full value of the membership and I’m already a CIT Bank customer so it doesn’t add much to any of our financial processes.

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.

If you don’t have a CIT Bank account, the offer is OK.

You may find better ones here:

⭐Citi Priority Account – up to $2000

Citi Priority is offering up to $2000 bonus when you open an account by 1/9/2023. Then, within 20 days of opening your account, deposit at least $10,000 in New-to-Citi® funds and keep it there for 60 days after the 21st day. The bonus amount is based on how much you can transfer but the lowest tier starts at $10,000.

👉 Click here to learn more

Discover Online Savings Account – $150 or $200

Discover Bank is offering a $150 or $200 bonus when you open your first Discover Online Savings Account with the promotion code WH922 and deposit at least $15,000 into the account within 30 days. You get $150 if you deposit $15,000 or more and $200 if you deposit $25,000.

👉 Click here to learn more

Bank of America – $100 Bonus Offer

Bank of America offers a $100 Bonus Offer cash bonus if you open a new account and set up and receive qualifying direct deposits totaling $1,000 or more into that account within 90 days of account opening. It has a monthly fee that is easy to have waived.

👉 Click here to learn more

Chase Total Checking® – $200

Chase Bank will give you $200 when you open a Total Checking account and set up direct deposit 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!

👉 Click here to learn more

Huntington Bank – up to $300

If you are a resident of Colorado, Illinois, Indiana, Kentucky, Michigan, Minnesota, Ohio, Pennsylvania, South Dakota, West Virginia, or Wisconsin then you could get up to $300 from Huntington Bank for opening a new checking account. There are several checking accounts that qualify but they’re great offers if you live in their geographic region.

👉 Click here to learn more

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About Jim Wang

Jim Wang is a forty-something father of four who is a frequent contributor to Forbes and Vanguard's Blog. He has also been fortunate to have appeared in the New York Times, Baltimore Sun, Entrepreneur, and Marketplace Money.

Jim has a B.S. in Computer Science and Economics from Carnegie Mellon University, an M.S. in Information Technology - Software Engineering from Carnegie Mellon University, as well as a Masters in Business Administration from Johns Hopkins University. His approach to personal finance is that of an engineer, breaking down complex subjects into bite-sized easily understood concepts that you can use in your daily life.

One of his favorite tools (here's my treasure chest of tools,, everything I use) is Personal Capital, which enables him to manage his finances in just 15-minutes each month. They also offer financial planning, such as a Retirement Planning Tool that can tell you if you're on track to retire when you want. It's free.

He is also diversifying his investment portfolio by adding a little bit of real estate. But not rental homes, because he doesn't want a second job, it's diversified small investments in a few commercial properties and farms in Illinois, Louisiana, and California through AcreTrader.

Recently, he's invested in a few pieces of art on Masterworks too.

>> Read more articles by Jim

Opinions expressed here are the author's alone, not those of any bank or financial institution. This content has not been reviewed, approved or otherwise endorsed by any of these entities.

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