CIT Bank ATM Fees: What You Need to Know Before You Withdraw
In today’s digital world, more and more Americans are turning to online banks for better interest rates, lower fees, and convenience. CIT Bank (a division of First Citizens Bank) is one of the most well-known online-only banks in the U.S., offering high-yield savings, CDs, and money market accounts. But since CIT doesn’t operate physical branches or its own ATM network, one of the most common questions from customers is:
How much does CIT Bank charge for ATM withdrawals?
If you’re considering opening an account or you already bank with CIT, this post breaks down everything you need to know about ATM fees, reimbursements, limits, and how to avoid extra charges.
Does CIT Bank Have Its Own ATM Network?
No. CIT Bank does not have a proprietary ATM network like Wells Fargo or Chase. Since CIT operates fully online, it relies on partnerships and fee reimbursements to allow customers access to ATMs nationwide.
While this may sound limiting at first, CIT makes it easier by refunding fees—up to a point.
CIT Bank’s ATM Fee Policy: How It Works
Here’s the good news:
CIT Bank does not charge you a fee when you use any U.S.-based ATM.
If the ATM owner/operator (the third-party bank or machine provider) charges a fee, CIT will reimburse you up to $30 per month.
ATM Fee Reimbursement Details:
Reimbursement Limit: Up to $30 per month
Eligible Accounts: Most CIT Bank checking accounts and money market accounts are eligible for ATM fee refunds.
Frequency: Reimbursements are processed automatically at the end of each statement cycle.
No network restrictions: You can use any ATM in the U.S., regardless of network (e.g., Allpoint, Cirrus, etc.).
In short, you’re free to use almost any ATM, and CIT will have your back up to $30 monthly.
Example: What Does That Look Like?
Let’s say you withdraw cash three times in a month, and each ATM you used charged a $3.50 fee:
3 x $3.50 = $10.50 in ATM fees
CIT Bank would reimburse 100% of those fees, no action needed on your part.
You’d still be well below the $30 monthly limit.
Pro Tip:
To avoid going over the limit, plan your withdrawals—take out enough cash in fewer visits, or look for ATMs with lower or no fees when possible.
Are There Any Foreign ATM Fee Reimbursements?
No. CIT Bank’s $30 monthly ATM fee reimbursement applies only to U.S.-based ATMs.
If you’re traveling abroad and use an international ATM:
You may be charged a foreign ATM fee by the ATM owner.
You might also incur a foreign transaction fee (typically 1-3%) on top of that.
CIT does not currently reimburse international ATM fees or foreign exchange fees.
If you travel often, consider pairing CIT with a travel-friendly card or account (like Charles Schwab or Capital One 360) that has zero foreign ATM fees.
Which CIT Accounts Include ATM Fee Refunds?
Not all CIT accounts come with ATM reimbursement. The following accounts typically include the fee refund benefit:
1. eChecking Account
No monthly maintenance fees
Up to $30 ATM fee reimbursement per month
2. Money Market Account
High interest rate (especially competitive vs. brick-and-mortar banks)
Eligible for ATM refunds
Other savings products like CDs or high-yield savings accounts generally don’t include ATM access, since they are intended for saving—not frequent transactions.
How Do You Find a Low-Fee or Free ATM?
While CIT doesn’t offer a specific ATM locator (since it doesn’t belong to a set network), here are a few tips:
Check your local grocery stores: ATMs inside grocery stores or convenience chains sometimes have lower fees.
Use credit union ATMs: Many of these are surcharge-free.
Avoid ATMs in hotels, airports, or casinos—these usually charge $3–6 per transaction.
Final Thoughts: Are CIT Bank’s ATM Fees a Dealbreaker?
Not at all.
In fact, for an online-only bank, CIT Bank offers one of the most generous ATM reimbursement programs in the industry. With no CIT fee on withdrawals and up to $30 monthly reimbursement, most customers will rarely ever pay out-of-pocket ATM charges—especially if they withdraw smartly.
If you’re someone who:
Banks online
Uses ATMs a few times a month
Likes earning interest without fees
Then CIT Bank’s ATM policy is not just fair—it’s competitive.