PASADENA, Calif., Aug. 27, 2020 /PRNewswire/ -- CIT's national
direct bank CIT Bank today announced new self-service capabilities
to move funds via wire transfer and to manage mature certificates
of deposit (CDs) through the bank's online and mobile platforms.
The new functionalities add simplicity to the CIT digital banking
experience and further enable consumers to manage their money
remotely and at their convenience.
"We're committed to simplifying the banking experience for our
customers and empowering them to meet their goals with ease and
efficiency," said Ravi Kumar, head
of CIT's direct bank. "These latest enhancements provide added
flexibility to help customers bank from anywhere, at any time."
Unique to the new wire transfer capability is the option to
choose the recipient type, such as an escrow company, intermediary
or standard recipient, simplifying the data entry process.
Transactions are kept secure through the use of a one-time passcode
delivered by SMS message or phone call.
CD management upgrades enable customers to manage their accounts
at their convenience. Now, once a CD matures, customers can simply
log-on through their online or mobile banking platform for options
such as changing their CD terms or transfer funds to an existing
CIT bank account.
CIT's self-service features are the latest digital
functionalities introduced by the direct bank. Last fall, the bank
also rolled out eChecking, featuring a wide variety of
electronic transfer and payment solutions, including debit card
controls, Bill Pay, Apple Pay and Samsung Pay, as well as
partnering with Zelle®1.
CIT is a leading national bank focused on
empowering businesses and personal savers with the financial
agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a
financial holding company with over a century of experience and
operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC,
Equal Housing Lender). The company's commercial banking segment
includes commercial financing, community association banking,
middle market banking, equipment and vendor financing, factoring,
railcar financing, treasury and payments services, and capital
markets and asset management. CIT's consumer banking segment
includes a national direct bank and regional branch network.
Discover more at cit.com/about.
1 Zelle and the Zelle related marks are wholly owned
by Early Warning Services, LLC and are used herein under
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SOURCE CIT Group Inc.