If you’re searching for cit bank close account, cit bank closing account, cit bank how to close account, or planning to end your CIT Bank relationship (whether for savings, CDs, eChecking, or other products), this detailed guide from CIT Finance Guide covers the full process, preparation, methods, and considerations. CIT Bank, as a division of First Citizens Bank, makes account closure customer-initiated and straightforward, though it requires careful steps to avoid complications like pending transactions, holds, or unexpected fees.
Disclaimer: This is an unofficial guide from CIT Finance Guide. We are not affiliated with CIT Bank or First Citizens Bank. Processes, fees, and requirements can vary by account type, balance, and updates—always log in to cit.com, review your account agreement, or contact support for personalized confirmation. Information is current as of February 2026 based on official resources like the CIT Bank Agreement for Personal Accounts (updated August 18, 2025) and FAQs. Not financial advice.
Why People Close CIT Bank Accounts
Common motivations include:
- Switching to banks with physical branches, higher rates, or additional features.
- Consolidating finances across fewer institutions.
- No longer needing online-only high-yield options (e.g., Platinum Savings at competitive APY).
- Account dormancy, relocation, or preference for local alternatives (especially relevant for international users in places like Faisalabad, Pakistan).
- Resolving minor dissatisfaction (e.g., occasional support wait times or transfer restrictions).
The Agreement states that you or the bank can close an account at any time, with or without cause. If CIT initiates closure, they may mail your balance to your last known address. For your request, proactive preparation ensures a clean exit.
Essential Preparation Steps Before Closing
Rushing can cause issues—follow this checklist:
- Review Account Activity: Log in via cit bank login or cit bank mobile app to check recent transactions, pending ACH, wires, Zelle payments, bill pays, or holds.
- Redirect Automatic Transactions: Update direct deposits (payroll, Social Security, pensions) and auto-debits (utilities, subscriptions, loans) to a new account. Contact payers at least 30 days in advance to prevent returned items or fees.
- Clear All Balances & Pending Items: Withdraw or transfer funds (cit bank external transfer limit applies). Wait for deposits/transfers to fully post (ACH can take 1–5 business days; wires faster).
- Zero the Balance: Ensure $0 or positive balance (negative not allowed). Request disbursement during closure if funds remain.
- Cancel Linked Services: Remove debit card authorizations, external links, or tied features like Zelle.
- Download & Save Records: Export statements, transaction history, and tax documents (e.g., 1099-INT for interest earned) before access ends—useful for taxes or disputes.
- Check for Fees: Review the Schedule of Fees—no standard closure fee, but possible charges for mailed checks, wires, or if special handling needed.
For joint accounts, POD (payable-on-death), trust, or custodial designations, additional verification or documents may be required—mention this when requesting closure.
Step-by-Step Methods to Close Your CIT Bank Account
CIT Bank lacks a self-service “close” button in online banking. Requests go through support channels:
- Call Customer Support (Recommended – Fastest):
- Dial cit bank contact / cit bank number / cit bank 800 number / call cit bank: 855-462-2652 (U.S. toll-free).
- International (from Pakistan or elsewhere): 626-535-8964 (toll call; consider time zones—ET is ~10 hours behind PKT, so call during your evening).
- Hours: Mon–Fri 9am–9pm ET, Sat 10am–6pm ET (automated 24/7).
- Tell the representative: “I want to close my account(s) [specify types/numbers].” Provide disbursement instructions (e.g., ACH to external account, wire, or mail check).
- They verify identity (security questions, last transactions) and process—often immediate confirmation with follow-up email/letter.
- Request written/email proof of closure.
- Send a Secure Message (Convenient & Trackable):
- Log in at cit.com/sign-in or cit bank mobile app.
- Navigate to “Customer Service” > “Contact Us” or “Secure Message.”
- Write: “Request to close account(s) [details]. Disburse remaining balance via [method, e.g., ACH to [external routing/account] or mail check to [address]].”
- Submit—response in 1–2 business days; follow up if delayed.
- Ideal for written record without phone costs.
- Mail a Formal Written Request (For Official Record):
- Draft a signed letter: Include full name, account number(s), address, phone, closure request, reason (optional), and disbursement instructions.
- Mail to: CIT Bank, P.O. Box 7056, Pasadena, CA 91109 (or Attn: Account Closure if noted).
- Include ID copies if requested. Processing: 7–14 days + mail time—slower but creates a paper trail.
No dedicated closure form exists in current resources—phone or secure message suffices for most.
What Happens After Your Request
- Timeline: 1–5 business days typically once verified/balance cleared.
- Funds Disbursement: Via requested method (ACH free, mailed check possible fee, wire fees per schedule).
- Confirmation: Email, secure message, or mailed letter with final statement and closure notice.
- Aftermath: Online/app access ends; no further activity/fees if zero balance. Retain records.
Potential Fees, Considerations & Tips
- No explicit closure fee in most cases, but check Fee Schedule for disbursements (e.g., official check or wire).
- International users: Phone tolls apply; secure message preferred. Features like Zelle are U.S.-only.
- Joint/Special Accounts: May need all parties’ consent or extra docs.
- Tax Impact: Interest reported on 1099-INT—ensure you have it.
If issues arise (e.g., disputes), reference the Agreement section on closures.
CIT Finance Guide connects this to our pillar: CIT Finance Guide 2026: CIT Bank Login, Accounts, Transfers, Support & Alternatives for broader help on logins, transfers, support, and alternatives like local Pakistani banks.
Ready to proceed? Call 855-462-2652 or send a secure message today—get written confirmation for peace of mind!