How to Close a CIT Bank Account 2025 (Step-by-Step Guide)

How to Close a CIT Bank Account: Closing a bank account, especially with an online institution like CIT Bank, requires a few important steps to ensure your finances remain organized and uninterrupted.

Whether you’re switching banks, consolidating accounts, or simply closing an inactive one, this comprehensive guide will walk you through how to close your CIT Bank account safely and efficiently.

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What Is CIT Bank?

CIT Bank, a division of First Citizens Bank, is a well-known online-only bank that offers savings accounts, money market options, CDs, and mortgage loans.

Since CIT has no physical branches, all account management, including closing your account, must be done online, by phone, or via mail.

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Reasons You Might Want to Close Your CIT Bank Account

There are several valid reasons you may want to close your CIT Bank account:

• You’re switching to a bank with local branches.
• You’re consolidating your finances.
• You’re not satisfied with interest rates or service.
• You’ve found better digital banking tools elsewhere.

Regardless of the reason, following the correct procedure is crucial to avoid penalties, lost funds, or delays.

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How to Close a CIT Bank Account 2025

1. Settle Your Account Balance

Before anything else, ensure your account balance is zero.

• Transfer funds to another bank account via ACH transfer.
• If your funds are tied in a CD (Certificate of Deposit), check for early withdrawal penalties before transferring.
• Avoid leaving small amounts that may delay closure.

✅ Tip: Always take a screenshot or save confirmation of any transfers.

2. Cancel All Auto-Payments and Deposits

Before closing the account:

• Cancel any automatic bill payments linked to your CIT Bank account.
• Update direct deposits (such as salary or government benefits) with your new banking information.
• Wait at least 1–2 weeks to ensure all pending transactions clear.

3. Contact CIT Bank Customer Support

Since CIT Bank doesn’t allow account closures via its mobile app or online dashboard, you’ll need to call or write them to make the request.

Contact Information:

Phone Support:
📱 1-855-462-2652
🕒 Monday to Friday, 9:00 AM – 9:00 PM ET

Mail Address:
CIT Bank
P.O. Box 7056
Pasadena, CA 91109-9699

What You’ll Need to Provide:

• Your full name
• Account number
• A formal request to close the account
• Your signature (if sending via mail)

You can also send a secure message after logging into your online account.

4. Request Written Confirmation

After requesting closure, always ask for written confirmation via email or postal mail. This protects you in case there’s a future issue like unexpected charges or mistaken reopenings.

📌 Keep all communications and copies of your request for your records.

What Happens After the Account Is Closed?

Once the account is officially closed:

• You’ll lose access to the online portal.
• Your final statement will be generated.
• Any interest earned will be deposited before closure (if applicable).
• The account will no longer accept deposits or transactions.

Check your email for account closure confirmation within a few business days.

Common Mistakes to Avoid

Closing a bank account might seem simple, but many people make mistakes that lead to delays or problems:

1. Not clearing the balance fully – even a few cents can halt the closure process.
2. Leaving auto-payments active – this can result in missed bills or fees.
3. Forgetting to update direct deposits – can cause payment issues or delays.
4. Not asking for proof of closure – this leaves you vulnerable to reactivation or fees.

FAQs About Closing a CIT Bank Account

Q: Can I close my account online?

No, CIT Bank requires you to call or send a written request. There is no direct “close account” button in your online dashboard.

Q: Are there fees to close the account?

No, CIT Bank does not charge closure fees, but be aware of early withdrawal penalties if you’re closing a CD.

Q: How long does it take?

Most accounts are closed within 3–5 business days, assuming no pending transactions or issues.

Final Thoughts

Closing a CIT Bank account isn’t complicated, but it does require attention to detail. By following the right steps—clearing your funds, cancelling auto-payments, contacting customer service, and getting written confirmation—you’ll ensure a smooth exit without disruption to your finances.

Whether you’re transitioning to a different financial institution or simplifying your banking setup, managing the closure properly avoids stress and protects your money.

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Need Help Managing Online Banking?

If you’re closing multiple online accounts, consider setting up a banking checklist or using a personal finance app to track changes. It helps you avoid missed payments or lost interest.