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Johnny

Opened account: July 15
Fully funded: July 21
Aug 31: First full month of interest paid
Sep 30: Second full month of interest paid
Oct 31: Third full month of interest paid
Nov 30: 4th full month of interest paid
Nov 30: $100 bonus received

Dan
Dan

Has anyone received their bonus yet?

I’m approaching the end of the third statement period since opening my account in July.

It seems on November 1, I should technically be able to transfer money out of my CIT Bank account. However, do I need to wait for the bonus to post before transferring out? It hasn’t posted yet.

dan 2
dan 2

I’ve gotten 2 bonuses from them. Both times on 29th or 30th on the month AFTER fulfilling their 3 statement cycles. So, your bonus will probably be posted November 29.

Dan
Dan

hey dan 2 or anybody,

do you think it’s safe to remove my $15,000 deposit from my CIT account on November 1?

thanks

Preserve
Preserve

Yes I see that my account I opened at 1.3% with the $100 bonus is now showing Interest rate: 1.341000% .

Datapoint
Datapoint

The interest rate offer shows 1.35% online as of this morning

TB
TB

“Account must be opened and funded by September 8, 2017.”
Does the account really have to be funded by September 8th? Reading the fine print at CIT’s website, they only mention that to receive the bonus, the account has to be open by Sept 8, and the account must be funded within 30 calendar days from the account opening date.

Another question: Am I allowed to fund a new bank account with funds from an account that does not belong to me (i.e. the account is in my wife’s name)?

Dan
Dan

YMMV on the different name. Not supposed to happen, but happens.

TB
TB

Follow-up to my 2nd question: I linked my wife’s account and it went through just fine. I had to verify 2 small deposits to prove that I can access the linked account.

Joe L
Joe L

Guys,
Filled the application for HYS account online and on the last page was told that I will get an email or phone call within one week. Got an email after a week that they couldnt verify my identity and hence cannot open the account. Which is very strange. When I called the number I got the same response that they were not able to verify my identity against various databases that they use etc…and will not be able to open an account or any future account. Not very helpful customer service. Are they just collecting personal information ? Strange thought I should post about it? Any one opened an account recently?

jz
jz

I got the bonus after 3 statement periods from the other promotion. I can close the account now without penalty, correct? How can I close the account? Thanks.

AndyK
AndyK

For those expats living overseas or for those military stationed overseas be aware that CIT bank needs to send you access codes to a US cell phone number in order for you to log in to your CIT account. If you don’t have a US cell phone number, forget it, they won’t let you log in to your account so it’s a complete waste of time for you to apply. I found this out the hard way today, even told the woman who finalized and approved my account yesterday that I am military overseas and she didn’t even mention this fact. Trying to log in today was a complete surprise and after calling to tell them that I can’t log in because I don’t have a US cell number they said yup, you need that and sorry but too bad. To be sure I had very choice words for them accusing them of being anti-(overseas) military which of course they denied. But in their actions they obviously are… IMHO any US bank that doesn’t make allowance for overseas military do not deserve any Americans’ business.

Eli
Eli

That’s ridiculous! I hate companies that force text-based 2-factor authentication, they should always offer an email option…

Dan
Dan

Get Google Voice.

Lrdx
Lrdx

Google Voice does not use SS7 signalling, not every SMS service works with it. (In return it’s actually more secure.)

Chao
Chao

Will this pull the Chexsystem? I believe too many pulls in the Chexsystem would affect the future checking account application. If it will not pull Chexs, it would be a deal to jump in.

Pete
Pete

I assume you can still open a second account and get the 1.3% rate.

Rick
Rick

You definitely can open another account. I have 3 accounts– one at 1.05% APY (which is empty), one at 1.15% APY (Spring Savings), and one at 1.30% APY (Premier HYS).

I have $15k in the 1.15% one (Spring Savings) because I need to complete the bonus requirements of $15k for 3 statement cycles. Otherwise I figured 1.3% on Premier is one of the best rates available so why not open the Premier account even though I can’t get the bonus.

There’s a big orange “Open an Account” button when you log in, and you can open whatever you want.

Another cool thing about them… although their website is old, transfers are overnight in many cases, including to & from Ally.