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What to Consider When Selecting an Online Banking Solution: 10 Essential Features to Look for

What to Consider When Selecting an Online Banking Solution: 10 Essential Features to Look for

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In the fast-paced world we live in, convenience and flexibility are paramount.

This principle also extends to our financial choices, including where we bank. Gone are the days of traditional brick-and-mortar institutions reigning supreme; the digital age has ushered in a new era of online banking.

Having worked for more than 15 years in the banking sector myself, I have high standards when "shopping" for a new account and look for a specific combo of requirements in order to bank with an institution.

George and I maintain accounts at various banks and there is a reason we choose to diversify in our banking choices. You can read all about it HERE

However, we both heavily agree that amid the multitude of options, for us it is CIT Bank that stands out, delivering a host of benefits that cater perfectly to us, as modern individuals seeking seamless banking solutions.

So, what is it that you should consider and why we chose CIT Bank as our ultimate online banking destination?

Below I present you with not one. Not two. But ten of the compelling reasons that made us choose CIT Bank as our main online banking solution.

Let's dive into the array and see if it might also be a smart choice for your financial journey.

online Bank

1. Streamlined Digital Experience

Picture this: You wake up in the morning, grab your coffee, and settle into your favorite chair. As you check your finances, you realize that there's no need to rush to a bank branch or wait in those never-ending lines. This convenience is what I hold as my top priority when it comes to choosing a banking partner.

Gone are the days of meticulously scheduling visits to the bank, trying to fit them into my already busy life. With the modern world at my fingertips, it only makes sense that my banking experience should be just as convenient. That's why I'm seeking a bank that understands the value of my time and offers seamless online services. Having the ability to manage my money from the comfort of my own home is more than just a luxury – it's a necessity. Whether I'm paying bills, transferring funds, or simply checking my balance, I want to do it on my terms. No more waiting around, no more unnecessary hassles.

In a fast-paced world where time is of the essence, my chosen banking partner needs to align with this mindset. So, we embarked on this banking journey, we were focusing on finding a bank that prioritizes online convenience and respects the precious commodity that is time. After all, life is meant to be lived, not spent in line at a bank.

And that was exactly what I found.

CIT Bank revolutionizes the way you interact with your finances by offering a completely online banking experience. With the convenience of managing your accounts at your fingertips, whether on your computer or through the user-friendly mobile app, you regain control over your financial affairs on your terms.

online Bank

2. Elevated Interest Rates

In a world where financial stability is a priority, the importance of choosing a bank that offers high interest rates cannot be overstated. Imagine your money not just sitting idle in your account, but actively working to grow your wealth. This is where a bank that provides high interest rates comes into play.

High interest rates essentially mean that the money you deposit in your account has the potential to earn more over time. Instead of settling for meager returns, your funds can accumulate and compound at a faster rate. Whether you're saving up for a big purchase, an emergency fund, or your future retirement, a bank that gives you high interest rates empowers you to reach your financial goals sooner.

When your bank offers substantial interest rates, they demonstrate a commitment to your financial well-being. It shows that they understand the value of your hard-earned money and are invested in helping you make the most of it. So, if you're looking for a bank, consider one that prioritizes your financial growth by providing attractive interest rates—because your money deserves to do more than just sit still.

A defining factor that sets CIT Bank apart is its commitment to offering interest rates that consistently surpass the national average.

In a world where every cent counts, CIT Bank empowers you to maximize your savings potential and make your money work harder for you. It's not just banking; it's the road to building your wealth. Currently, as we speak CIT Bank offers 5.05% APY on their Platinum Savings Account, with a minimum amount of $5,000, otherwise you should open a Savings Connect Account which offers an APY of 4.65% for balances over $100, which is over 12 and 11 times the national average yield for savings accounts according to Bankrate, respectively. Not bad if you ask me and since you are reading this, I suppose you are!

online Bank

3. No More Hidden Fees

When it comes to banking, simplicity is the name of the game, and that's why choosing a bank that avoids hidden fees and keeps things straightforward is a smart move. Think about it – you work hard for your money, and the last thing you want is for those sneaky charges to gobble it up. That's where a bank with no hidden fees and as few fees as possible comes in.

Imagine banking without the constant worry of unexpected charges eating into your savings. When your bank is upfront and honest about their fees, you can manage your finances with confidence. Choosing a bank that values transparency shows they respect your money and your trust. So, don't let those hidden fees take you by surprise – opt for a bank that keeps things clear and helps you keep more of your money where it belongs: in your pocket.

no hidden fees

4. Effortless Fund Transfers

For me in my personal finances, simplicity should be at the forefront. That's why opting for a bank that ensures effortless fund transfers is a decision that brings peace of mind. Imagine being able to send money to family or pay bills without any unnecessary stress – that's the kind of convenience that can truly enhance your financial experience. With a bank that prioritizes seamless fund transfers, you're giving yourself the gift of time and convenience.

A bank that offers effortless fund transfers is like having your own personal financial shortcut. Whether you're splitting expenses with friends or sending funds to loved ones, you'll appreciate the smoothness and speed that comes with it. So, remember that when you're choosing a bank, easy fund transfers aren't just an added bonus – they're a vital aspect of modern banking that can simplify your daily life significantly.

online Bank

5. Revolutionizing Check Deposits

The importance of electronic check deposits goes beyond just saving time; it's about bringing banking to your fingertips. Whether you're a busy professional, a parent juggling multiple responsibilities, or someone who values convenience, this feature empowers you to manage your finances on your own terms. It's a secure and reliable method that not only speeds up the deposit process but also minimizes the risk of errors and losses associated with traditional paper checks. Choosing a bank that offers electronic check deposits signifies a commitment to modern banking practices and a recognition of the evolving needs of customers in a digital age.

online check deposit

6. Empowered ATM Experience

In the world of modern banking, security and convenience go hand in hand, and that's where an ATM debit card fortified with EMV chip security steps in to redefine your financial experience. The EMV chip adds an extra layer of protection, making it incredibly tough for fraudsters to steal your information. This means that whether you're swiping at a local store or halfway across the globe, your transactions remain safe and sound, and your peace of mind is never compromised.

But that's not all – imagine having the freedom to access your funds from any ATM, without being bogged down by those pesky external ATM fees. With a bank that values your convenience, you can say goodbye to those extra charges.

Each month, CIT Bank rewards you with up to $30 reimbursement in ATM fees, putting more money back in your pocket where it belongs. This means you can withdraw cash when you need it, wherever you are, without a second thought.

atm fee reimbursement

7. eChecking Convenience

In the fast-paced digital landscape of today, having a bank that seamlessly handles online payments through popular services like Zelle®, Bill Pay, Samsung Pay, and Apple Pay isn't just a convenience – it's a fundamental need. Imagine a world where you can split expenses with friends, settle bills, and control your spending with a few taps on your smartphone. The ability to navigate your financial responsibilities with such ease is truly transformative, and it's all within your grasp.

In an era where convenience is paramount, these online payment services are the cornerstone of modern banking. They provide you with the means to handle your financial matters smoothly and efficiently, giving you more time for the things that truly matter. So, as you contemplate your banking choices, remember that the power to manage your finances effortlessly through popular online payment platforms isn't just a feature – it's a vital tool that empowers you to lead a financially empowered life, all with the tap of a finger.

Apple Pay

8. A Comprehensive Banking Hub

Gone are the days when a bank was merely a place to stash your savings. Today, a bank is more than that – it's your financial partner in growth. Imagine having a bank that doesn't just hold your money, but actively supports your financial journey. From mortgages to personal loans, credit cards, and beyond, your bank should be your go-to for all your financial needs.

When you're searching for a bank, don't settle for one that simply stores your funds. Seek out a true financial ally that offers seamless services for your aspirations. Need a mortgage to secure your dream home? Your bank should guide you through the process effortlessly. Planning to embark on a new venture? Your bank should be ready to provide the necessary financial support. Whether you're looking for credit options or personal loans to achieve your goals, your bank should be your trusted partner, helping you navigate the complexities of the financial world.

In this interconnected world, a bank's role extends far beyond traditional banking services. It's about having a dedicated team that understands your financial aspirations and works to make them a reality. So, as you choose a bank, remember that it's not just about the accounts – it's about securing a partnership that stands by you through every step of your financial journey.

online Bank

9. Family-Focused Solutions

In financial planning, custodial accounts are the threads that weave together a legacy of security and stability. It's not just about your financial present; it's about ensuring a prosperous future for the generations to come. Imagine a bank that doesn't just offer individual accounts, but also extends its support to custodial accounts – a testament to their commitment to your family's enduring prosperity.

Custodial accounts are a powerful tool to nurture and protect the financial interests of your loved ones. They enable you to set aside funds for minors, be it your children, grandchildren, or other young beneficiaries. This foresight empowers you to secure their financial future, fostering a sense of financial responsibility from an early age. With a bank that offers custodial accounts, you're building a bridge that connects your present efforts to the bright prospects of tomorrow. Your financial institution becomes a trusted partner in safeguarding your family's well-being, underlining the importance of a legacy built on stability and wise financial planning.

CIT Bank simplifies this process by providing custodial accounts, a service that George and I have personally embraced for our two children. These accounts hold funds designated for them, emphasizing the significance of establishing financial security that extends beyond our generation – a legacy we both hold very dear.

family banking

10. Simplicity in Action

Imagine finding a bank where opening an account feels like a breeze – no complicated paperwork, no hours spent in queues, just a straightforward process that respects your time. With a few clicks, taps, or signatures, you're onboard, ready to embark on your financial journey without unnecessary hassles. This level of ease at the very beginning sets the tone for a banking relationship that's built on your terms, making your banking experience not only practical but also delightful. So, as you consider your banking options, remember that the journey begins with the first step – and with the right bank, that step should be effortless and inviting.

Luckily, we learned the easy way that CIT Bank lives by this principle. Opening an account with them was a breeze, taking just around 10 minutes of our time. No labyrinthine processes, no endless forms – just straightforward, hassle-free banking. Such a rare experience nowadays!

online Bank

You might sense my excitement – we stumbled upon CIT Bank, cutting through the heaps of info, deals, and ads swirling around. Both George and I had been thinking about switching banks for a while. Our old Citibank setup just wasn't keeping up with the times, and we were after something sleeker, more modern, and easier to handle. Don't get me wrong – we're not ditching our old banks entirely. We're just streamlining things, moving toward a setup that's more up-to-date and gives us better returns on our money. With my experience in banking, I've come to realize that your financial journey needs a partner who gets your needs and helps you reach your goals.

If you're seeking a dependable and contemporary banking partner that offers safety along with a seamless, effortless banking experience, and you're open to the idea of embracing modern banking methods, then exploring CIT Bank might be worth your while. While it does mean stepping away from the traditional brick-and-mortar banks, you gain the convenience of accessing your cash through ATMs nationwide (and remember, they've got your back with ATM fee reimbursements).

On the balance of things, the benefits appear to tip the scales favorably over any drawbacks. Interested? It could be the refreshing change you've been looking for.

CIT Bank

Taking the time to thoroughly evaluate these factors will ensure that you establish a rewarding banking relationship that supports your financial growth and well-being.

While the insights shared here can be incredibly helpful, remember that your financial journey is as unique as you are. Before diving into any major changes, like switching banks or adopting new financial programs, take a moment to consider your personal situation. What works wonders for someone else might not be the best fit for you.

I can't stress this enough – do your homework! Delve into the pros and cons, and dig deep into the details before making any decisions. Think about your own financial goals, how much risk you're comfortable with, and what you truly value in a banking experience. If you're unsure, don't hesitate to reach out to financial experts or advisors for guidance that's tailored just for you.

Remember, your financial journey is uniquely yours, and the more you invest in understanding your options, the better equipped you'll be to make choices that align with your dreams and aspirations.

With love and financial empowerment,


*The information contained on this Website and the resources available for download through this website is not intended as, and shall not be understood or construed as, financial advice. I am not an attorney, accountant or financial advisor, nor am I holding myself out to be, and the information contained on this Website is not a substitute for financial advice from a professional who is aware of the facts and circumstances of your individual situation. Read more on our policies HERE*


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