PASADENA, Calif., Aug. 27, 2020 /PRNewswire/ — CIT’s nationwide direct bank CIT Bank at present introduced new self-service capabilities to maneuver funds by way of wire switch and to handle mature certificates of deposit (CDs) by way of the bank’s on-line and cell platforms. The brand new functionalities add simplicity to the CIT digital banking expertise and additional allow shoppers to handle their cash remotely and at their comfort.
“We’re dedicated to simplifying the banking expertise for our clients and empowering them to satisfy their targets with ease and effectivity,” stated Ravi Kumar, head of CIT’s direct bank. “These newest enhancements present added flexibility to assist clients bank from anyplace, at any time.”
Distinctive to the brand new wire switch functionality is the choice to decide on the recipient sort, resembling an escrow firm, middleman or customary recipient, simplifying the information entry course of. Transactions are stored safe by way of the usage of a one-time passcode delivered by SMS message or telephone name.
CD administration upgrades allow clients to handle their accounts at their comfort. Now, as soon as a CD matures, clients can merely log-on by way of their on-line or cell banking platform for choices resembling altering their CD phrases or switch funds to an current CIT bank account.
CIT’s self-service options are the most recent digital functionalities launched by the direct bank. Final fall, the bank additionally rolled out eChecking, that includes all kinds of digital switch and cost options, together with debit card controls, Invoice Pay, Apple Pay and Samsung Pay, in addition to partnering with Zelle®1.
CIT is a number one nationwide bank targeted on empowering companies and private savers with the monetary agility to navigate their targets. CIT Group Inc. (NYSE: CIT) is a monetary holding firm with over a century of expertise and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The corporate’s business banking phase contains business financing, group affiliation banking, center market banking, gear and vendor financing, factoring, railcar financing, treasury and funds companies, and capital markets and asset administration. CIT’s shopper banking phase features a nationwide direct bank and regional department community. Uncover extra at cit.com/about.
1 Zelle and the Zelle associated marks are wholly owned by Early Warning Companies, LLC and are used herein below license.
SOURCE CIT Group Inc.