When selecting a bank particularly an online institution understanding its fee structure is crucial to making informed financial decisions. One of the most frequently asked questions by prospective customers is: What are CIT Bank’s ATM fees?
As a leading digital bank known for its high-yield savings products and low-fee banking solutions, CIT Bank offers a competitive approach to ATM access. In this article, we’ll take an in-depth look at how CIT Bank handles ATM fees, what reimbursements are available, and how its policies compare with those of other online banks in 2025.
Does CIT Bank Charge ATM Fees?
CIT Bank does not charge any fees for ATM usage directly. However, since the bank does not operate its own ATM network, customers must use third-party ATMs to access cash. These ATMs are typically owned by other banks or financial institutions, which may impose surcharge fees ranging from $2.50 to $4.00 per transaction.
To offset these charges, CIT Bank offers a monthly reimbursement program—a valuable benefit for customers who need cash access without incurring unnecessary costs.
ATM Fee Reimbursements: What’s Included?
CIT Bank provides up to $30 per month in ATM fee reimbursements for customers who hold an eChecking account. This reimbursement applies to ATM fees charged by other financial institutions within the United States.
Key Highlights:
- Monthly reimbursement cap: $30
- Applies to all U.S.-based ATMs
- No fee from CIT Bank itself
- Automatic reimbursement at the end of each monthly cycle
This policy allows CIT Bank customers to use virtually any ATM nationwide while minimizing or completely eliminating third-party ATM fees—provided they stay within the monthly limit.
International ATM Usage and Fees
CIT Bank’s reimbursement policy currently applies only to domestic ATM fees. Customers using their CIT Bank debit card outside of the United States may incur the following:
- Foreign ATM operator fees (typically non-refundable)
- Foreign transaction fees, often between 1%–3% of the withdrawal amount
- Currency conversion fees, if applicable
As of 2025, CIT Bank does not offer reimbursement for international ATM charges. For those who frequently travel abroad, this is an important consideration.
CIT Bank ATM Access: What Network Can You Use?
CIT Bank customers receive a Mastercard® debit card, which is accepted at any ATM that displays the Mastercard®, Cirrus®, or MoneyPass® logo. While the bank does not offer a dedicated ATM network, customers benefit from widespread access across the country.
Where You Can Use CIT Bank’s Debit Card:
- National retail chains and convenience stores
- Grocery stores and pharmacy ATMs
- Airports and travel hubs
- Independent ATM providers that support Mastercard®
This flexibility, combined with the reimbursement program, ensures that customers are not limited by location when it comes to accessing cash.
How Are ATM Fees Reimbursed?
CIT Bank’s reimbursement process is both simple and automatic.
Here’s how it works:
- Use your CIT Bank debit card at any domestic ATM.
- Pay any third-party ATM fee (charged by the ATM operator).
- CIT Bank will automatically reimburse up to $30 in ATM fees at the end of your monthly billing cycle.
There is no need to file a claim, upload receipts, or notify customer service. The credit appears on your monthly statement as a line-item reimbursement.
Withdrawal Limits at ATMs
To ensure security and manage risk, CIT Bank imposes daily withdrawal limits on ATM transactions. These are standard across most financial institutions.
Typical Limits (Subject to Change by Account Type):
- ATM Cash Withdrawal Limit: $1,000 per day
- Debit Card Purchase Limit: $3,000 per day
If you require a higher limit temporarily—for travel, large purchases, or emergencies—you can request an increase by contacting CIT Bank’s customer support.
CIT Bank vs. Other Online Banks: A Comparative Look
Here’s how CIT Bank’s ATM fee policy stacks up against a few other popular online banking institutions:
| Bank | Monthly ATM Reimbursement | International Support | In-Network ATMs |
|---|---|---|---|
| CIT Bank | Up to $30 (domestic only) | ❌ Not reimbursed | No dedicated network |
| Ally Bank | Unlimited in U.S. | ❌ Not reimbursed | Allpoint® |
| Charles Schwab | Unlimited worldwide | ✅ Yes | Any ATM |
| Capital One 360 | Free in-network access | ❌ Not reimbursed | 70,000+ ATMs (Allpoint®) |
| Chime | Free in-network (limited) | ❌ Not reimbursed | MoneyPass®/Visa Plus® |
While CIT Bank’s $30/month cap may not match Schwab’s unlimited reimbursement, it is more than adequate for the majority of domestic users, especially those who withdraw cash only occasionally.
Best Practices to Minimize ATM Fees
Even with a reimbursement policy, smart banking habits can help maximize your savings. Here are a few professional tips:
- Withdraw larger amounts less frequently to stay under your monthly reimbursement limit.
- Use cashback at grocery stores when making purchases with your debit card—no ATM needed.
- Avoid high-fee ATMs in places like airports, hotels, or entertainment venues.
- Check ATM fees before confirming withdrawals, as they are typically displayed on-screen before approval.
Conclusion: A Cost-Efficient Choice for ATM Access
CIT Bank continues to position itself as a cost-effective online banking solution in 2025, especially for customers who value transparency, convenience, and control. While it does not offer a proprietary ATM network, its generous $30/month ATM fee reimbursement makes it highly competitive in the digital banking space.
For those who bank primarily in the United States and use ATMs moderately, CIT Bank offers a strong value proposition without burdening customers with unnecessary fees.