"Both convenience and security are increasingly important banking features within the marketplace and we're pleased to deliver this digital solution for our customers," said Heather Ellison, head of Retail Banking for OneWest Bank. "Card Controls provide consumers another opportunity to take control of their finances in a simple and straightforward fashion."

Card Controls allows consumers to set spending limits, create transaction alerts, specify merchant categories such as food, gas or entertainment, and define regions where the card can be used. Consumers can also disable certain locations or merchant categories from spending. Additionally, the on-and-off switch provides a fast method to secure an account if the associated debit card is ever lost or stolen.

"With holiday shopping at its peak, Card Controls can help consumers keep their spending in check," continued Ellison. "What's more, having a quick solution if a card goes missing can alleviate concerns about the possibility of an account being compromised."

Card Controls is available on both iOS and Android. To download the OneWest Bank app, visit the App Store on iPhone or Google Play. More information about OneWest Bank and card controls can be found here.

OneWest Bank, a division of CIT Bank, N.A., offers Southern California consumers and small businesses savings and lending solutions both in-person and online.