Table of Content
What’s The CIT Bank Routing Number?
As a customer of CIT Bank, if you want to make a transaction through the bank, you need a CIT Bank Routing Number. These routing numbers help to identify the financial institution behind a transaction. But the routing numbers were actually designed to help sort, bundle and ship paper checks. As the time progressed, new means of transactions came into being. These new-age transfer methods were mostly Automated Clearing House and wire transfers. Hence, the routing number system incorporated these transaction modes into it. Here, you will find answers to how to find your CIT Bank routing number and what is the routing number for CIT Bank?
The table given below shows all the CIT Bank Routing Numbers.
CIT Bank ABA Routing Transit Numbers (RTN)
Here is the state wise list of CIT Bank Routing Number for Checking Account and Savings Account.
S No. Region/State Postal Abbreviation Routing Number
1 Utah UT 124084834
What is an ABA Routing Number?
Financial Institutions need ABA Routing Number system to make monetary transactions. These routing numbers help people to identify the financial institution behind a transaction. A single registrar assigns routing numbers to every financial institution in the United States. Currently, this registrar is Accuity, which takes care of complete routing number system. The American Bankers Association designed the routing number system in 1910.
The current registrar, Accuity, assigns each bank a maximum of 5 routing numbers. But as banks keep on merging with each other, they can have more than 5 routing numbers. There are 26,895 active routing numbers in use. All bank customers need to fill the correct routing number to make a transaction. They can find their routing number at the bottom left corner of their check. When you look closely, ABA routing number is the one with 9-digits.
What’s The CIT Bank SWIFT Code?
CIT Bank, like other banks, uses SWIFT Code to make all the international transactions for itself and its customers.
The SWIFT Code for CIT Bank is- CITXUS55
What is a SWIFT Code?
SWIFT Code functions in the same way as a Routing Number. They help to identify the financial institution behind a transaction globally. Banks use swift codes to transfer money between them for international wire transfers or SEPA payments. They also use swift codes to exchange messages.
A SWIFT Code has 8 to 11 characters and they are explained as follows:
AAAA BB CC DDD
- Bank Code- First four letters (alphabets) (Usually a shortened version of a bank’s name)
- Country Code- Next two letters (alphabets) (The country bank is located in)
- Location Code- 2 digit location code (alphabets or digits) (Location of bank’s head office)
- Branch Code- optional three digits (alphabets or digits) (It specifies banks branch instead of head office)
Things To Know About CIT Bank
Henry Ittleson founded CIT Bank’s parent company CIT Group as Commercial Credit and Investment Company in St. Louis, Missouri. In 1915, CIT group moved its headquarters to New York City. It also renamed itself as Commercial Investment Trust or CIT. Till then, it offered financing for wholesale supplier and producers of consumer goods. Later, the company added automobile financing to its portfolio. This happened in 1916, through an agreement with Studebaker (an automobile company).
During World War II, CIT offered its 2000 employees a month’s bonus, life insurance and a guaranteed job if they served in the United States Armed Forces. Northern TC Bank made huge profits during the Second World War and the years that followed. You also need the Northern TC Bank Routing Number to make various monetary transactions through the bank. Its income between 1947 and 1950 rose from $7.3 million to $30.8 million. In 1969, CIT entered the personal and home equity loan, and shut down auto financing. In 1991, CIT acquired Fidelcor Business Credit Corporation, which increased its services to small businesses.
Currently, CIT Bank is based in Salt Lake City, Utah. Its address is:
1300 EAST 2180 SOUTH, SUITE 250, SALT LAKE CITY, UTAH