My father recently tried to open an account with CIT Bank. They claim to be FDIC insured, but when I searched for them on the FDIC BankFindSuite, it said the institution is closed. Does this mean the website is a scam? Here’s the link for reference:
When I tested the login feature with random characters, it let me through and asked which phone number I wanted to use to sign in, even though it wasn’t a real account. Does anyone know if this is normal?
Yes, CIT Bank is real. They are now part of First Citizens Bank. While I don’t have an opinion on whether they’re good, they are FDIC insured. Their branches have been rebranded as First Citizens in recent years.
@Dolph
Thanks for clarifying. Can you explain the login bug? When I tried to log in using random credentials, it still asked for a phone number for verification.
Mal said: @Dolph
Thanks for clarifying. Can you explain the login bug? When I tried to log in using random credentials, it still asked for a phone number for verification.
That’s likely a security measure to prevent account enumeration. It’s a way to avoid giving hackers clues about which accounts exist. Instead of confirming invalid credentials, it gives a generic response.
I had an issue with CIT before. A large check I sent them went missing, and their customer service didn’t handle it well. It took weeks to resolve, and now I only keep a small balance with them. Their rates are decent, but their reliability can be hit or miss.