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.
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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)
CIT Bank Platinum Savings – up to $300
The promotion is pretty easy:
- Open a new CIT Platinum Savings account using the promo code PS2025;
- Deposit at least $25,000 within the first 30 day funding period
- Within 30 days following the end of the funding period, if you’ve fulfilled the requirements, they will deposit the bonus amount.
The bonus is based on how much you deposit during the 30 day funding period:
- Deposit $25,000 to $49,999 and get a $225 cash bonus
- Deposit $50,000+ and get a $300 cash bonus
This promotion will work for new and existing CIT Bank customers. If you are new, simply click the link below and start the account opening process. If you are an existing customer, as I am, you have to activate the offer by going to the promotional page and officially enroll by clicking the “Start savings now” button. From there, you’ll log in to your existing account to activate the promotion.
This limited-time offer to qualify for a $225 cash bonus with a minimum deposit of $25,000 or a $300 bonus with a minimum deposit of $50,000 is available to New and Existing Customers who meet the Platinum Savings promotion criteria. The Promotion begins on September 23, 2025, and can end at any time without notice.
Customers will receive a $225 or a $300 bonus provided that the program requirements are met. Click here to see promotion details and terms.
For complete list of account details and fees, see our Personal Account disclosures.
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 60 days. If you are an existing customer, it’s a no brainer because you don’t get any added work because you already get tax statements.
If you are not already a customer, it’s a tradeoff – do you want to go through the process for only $100? That’s for you to decide.
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 1/28/2026. Member FDIC.
Get started with an initial deposit of $25 within 30 days. Offer may not be available if you are an existing U.S. Bank customer or live outside of the U.S. Bank footprint.Barclays – $200
Barclays Bank will give you a $200 if you open a new savings account and deposit $30,000 within 30 days of opening the account. The savings account also pays a competitive interest rate of 3.60% APY while you wait.
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 9/9/25 - 1/28/26. It is a very straightforward offer that is available nationwide.
*Conditions apply
Capital One 360 Checking – $250
Capital One 360 has a $250 cash bonus when you open a new account and then receive two direct deposits each of $500 or more within 75 days of account opening. Valid for new 360 Checking account customers. If you had a If you had a 360 Checking, Simply Checking, or Total Control Checking account with Capital One on or after January 1, 2022, you are ineligible.
Bank of America – up to $500 cash offer
Bank of America offers a up to $500 cash offer cash bonus if you open a new account and To qualify, open a new eligible Bank of America Advantage Banking account through the promotional page and set up and receive Qualifying Direct Deposits* into that new eligible account within 90 days of account opening. Your cash bonus amount will be based on the total amount of your Qualifying Direct Deposits received in the first 90 days. . It has a monthly fee that is easy to get waived.
