Primarily in the Midwest and Southwest, Fifth Third Bank is located in 10 states with 1,300 branches. They also have 100 Bank Mart locations, which you can find inside grocery stores that operate 7 days a week. To find out if Fifth Third Bank is right for you, continue reading this review below.
Fifth Third is well known for the relationship rates they offer consumers who hold more than one deposit account. Although they have higher balance requirements and service fees if they’re not met, it still offers some unique benefits.
Fifth Third Bank Promotions
Checking Accounts
Fifth Third offers 5 checking accounts that may fit your needs. Each checking account comes with a debit card and access to online/mobile banking.
Start working towards long-term financial wellness.
Get a free, no minimum balance checking account that gets you. Fifth Third Momentum® Checking lets you live your life, while getting more from it, every day.
- No hidden fees, no minimum balance
- A contactless debit card
- Fraud protection
- 1,000+ financial centers
- Help from local bankers
Unlock an upgraded experience with exclusive perks.
Join this exclusive program to earn higher interest on your checking account and get preferred discounts, benefits and services.
- Interest checking
- No ATM fees in the U.S. (Limit 10 per month)
- Complimentary Fifth Third Exclusive personal checks
- Exclusive rates on Fifth Third loans
- Complimentary Fifth Third Identity Alert®
- 24/7 dedicated customer service line
Simplify your finances and solidfy your foundation.
A simple way to manage your funds. Fifth Third Express® gives you immediate access to your money and the convenience and security of a banking relationship.
For just $5 a month, Express Banking comes with all the features you need to easily manage your money, with:
- No balance requirement or overdraft fees
- Get paid up to 2 days early for free with Early Pay
- Check cashing and direct deposit
- Immediate access to funds
- 24/7 banking support
Plus, you can get your Federal Tax Refund up to 5 days early when you direct deposit your refund into your Fifth Third Express® Checking Account.
Compare Checking Accounts
Saving Accounts
You won’t find a large selection of savings accounts at Fifth Third, but the accounts they do offer have unique rewards.
If you have a savings goal, Fifth Third may reward you for reaching that goal with this account. You can only access your funds at a Fifth Third Branch.
Additionally, you can get the monthly fee waived if you have a checking account from Fifth Third and if you keep an average balance of $500, Military Banking account or you are under the age of 18.
You may be eligible for relationship interest rates if you have a Fifth Third checking account. For the service fee to be waived, you’ll either need to have a checking or Military bank account from Fifth Third, have an average daily balance of $500 or be under the age of 18.
You can open a savings account for anyone under 18, completely free of charge.
If you have a significant amount of money to deposit into a savings account, you should look into the Money Market account!
You’ll earn tiered interest rates with this account, which means the more money you have on deposit, the higher interest rates you can earn.
If you have a Fifth Third checking account, you may also earn Relationship interest rates.
You can get the monthly service fee waived if you have a Fifth Third checking or Military Banking account, have an average daily balance of $500, or one owner on the account is under the age of 18.
Compare Savings Accounts
CD Account Options
Fifth Third offers a variety of CDs, each of which has the option to be automatically rolled into another CD at maturity.
You also have the option to have your interest rolled into the CD investment or disbursed into you Fifth Third checking or savings account.
You can open a promotional CD with just $5,000! There is a variety of terms to choose from depending on the promotion at the time of opening the account.
You’ll need $5,000 to open a Standard CD, but you can choose from a variety of maturity dates ranging from 7 days to 89 days.
You’ll need just $500 to open a Standard CD with terms ranging from 3 months to 84 months. The longer the term that you choose for your CD, the higher interest rate that Fifth Third pays.
Compare CD Accounts
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Live Oak Bank | 4.30% APY 12-Month Business CD | Review |
Western Alliance Bank | 4.05% APY 3-Month CD | Review |
SkyOne Federal Credit Union | 4.10% APY 5-Month CD | Review |
Discover Bank | 4.10% APY 12-Month CD | Review |
First Mid Bank & Trust | 4.08% APY 9-Month CD | Review |
Blue Federal Credit Union | 4.00% APY 9-Month No Penalty CD | Review |
Rising Bank | 4.00% APY 6-Month CD | Review |
Sun Canyon Bank | 3.98% APY 11-Month CD | Review |
SkyOne Federal Credit Union | 3.95% APY 12-Month CD | Review |
SkyOne Federal Credit Union | 3.90% APY 15-Month CD | Review |
SkyOne Federal Credit Union | 3.85% APY 18-Month CD | Review |
Western Alliance Bank | 3.85% APY 5-Month CD | Review |
GreenState Credit Union | 3.80% APY 10-Month CD | Review |
First Financial Northwest Bank | 3.75% APY 12-Month CD | Review |
Blue Federal Credit Union | 3.75% APY 15-Month CD | Review |
Western Alliance Bank | 3.75% APY 6-Month CD | Review |
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Southwestern National Bank | 3.65% APY 5-Month CD | Review |
CIT Bank | 3.50% APY 13-Month CD | Review |
CIT Bank | 3.50% APY 11-Month No-Penalty CD | Review |
Southwestern National Bank | 3.40% APY 8-Month CD | Review |
Western Alliance Bank | 3.00% APY 12-Month CD | Review |
Ponce Bank | 3.00% APY 1-Month High Yield CD | Review |
Southwestern National Bank | 3.00% APY 10-Month CD | Review |
CIT Bank | 3.00% APY 6-Month CD | Review |
CIT Bank | 3.00% APY 18-Month CD | Review |
Reasons to Bank with Fifth Third
- The Fifth Third Momentum app helps you pay your student loans down faster. Every purchase you make with your Fifth Third debit card will be automatically rounded up to the nearest dollar, and whatever is left will be distributed towards your student loan.
- You don’t have to meet a minimum balance and there’s no monthly service charge. You do have to pay for the service though, but you can earn loyalty pricing to get lower rates the more you use the service.
- Set up automatic transfers from your checking account to savings account. You decide the frequency and the amount of the transfers and this take the thinking out of savings and eliminates the risk of you forgetting or overspending!
- They offer 529 Savings and CD program, making it easier to save for your child’s college education. The programs also don’t have monthly service charges, you can open an account with as little as $25 and have guarantee FDIC insurance.
- If you have a High Deductible Healthcare Plan, you can open a tax advantaged Health Savings Account. With a balance of $4,000 you can waive the fee.
- The Fifth Third Identity Alert program monitors one credit bureau daily, all three credit bureaus monthly, and offers Social Security monitoring. You will also receive up to $25,000 in identity theft insurance. This program is free for Preferred Checking customers.
- You can deposit your checks via the mobile app.
- If you need to access to your statements for Texas, budgeting, or any other reason, they are right at your fingertips. You can view them online or in the mobile app.
- You can links yous savings account, credit card, or line of credit to your checking account. If you spend more than your balance in your checking account,
- Fifth Third will transfer the necessary funds from your linked account. You will pay a fee for each transfer, but it’s less than the cost of an overdraft.
PROMOTIONAL LINK | OFFER | REVIEW |
U.S. Bank Silver Business Checking Package | $900 Cash | Review |
U.S. Bank Gold Business Checking Package | $900 Cash | Review |
U.S. Bank Platinum Business Checking Package | $900 Cash | Review |
Chase Business Complete Checking® | $300 Cash | Review |
Huntington Bank Unlimited Plus Business Checking | $1,000 Cash | Review |
Huntington Bank Unlimited Business Checking | $400 Cash | Review |
Huntington Bank Business Checking 100 | $100 Cash | Review |
Axos Bank Basic Business Checking | $400 Cash | Review |
Axos Bank Business Interest Checking | $400 Cash | Review |
Regions Bank Business Checking | $150 Cash | Review |
NorthOne Business Checking | $20 Credit | Review |
Novo Business Checking | $75 Cash | Review |
BlueVine Business Checking | 2.00% APY | Review |
Reasons to Not Bank with Fifth Third
- If you don’t live in one of them, you can’t bank there. Fifth Third currently operates in Ohio, Indiana, Florida, Georgia, Illinois, Kentucky, Michigan, North Caroline, and Tennessee.
- To get the best interest rates in their CDs, you need at least $5,000 to open a Promotional CD.
- The requirements to waive the monthly service fee on any Fifth Third Checking account are hefty. You need at least $1,500 in your checking account, and that’s for the most basic checking account. There is the Express Banking option with no minimum balance requirement, but it also has more limited functions.
Fifth Third Bank Routing Number
Fifth Third Bank’s routing number can be found on your checks in the lower left corner. Each Fifth Third Bank’s routing number depends on the state the bank resides.
Contact Customer Service
You can reach Fifth Third Bank customer service at 1-800-972-3030. They are open on Monday through Friday, 7 AM to 8 PM ET, and Saturday, 8:30 AM to 5 PM ET.
How Fifth Third Bank Compares
- Chase Bank: Chase is one of the biggest banks in the U.S and offers just about almost everything. Compared to its other competitors, Chase offers much more checking account options.
- Huntington Bank: Huntington offers no monthly service charge if you meet their can follow their guideline. All you have to do is have an “x” amount depending on your account type and your fee is waived. Additional features include overdraft protection fee, mobile banking, access to over 800 branches and 1,800 ATMs, and more.
- Wells Fargo: Located throughout the US with over 5,800 branches and 13,000 ATMs. They offer a variety of deposits accounts, including accounts for teens and customers who need a second chance.
Compare to Other Banks
- Fifth Third Bank vs Chase
- Fifth Third Bank vs US Bank
- Fifth Third Bank vs PNC Bank
- Huntington Bank vs Fifth Third Bank
Bottom Line
If you live in one of the states Fifth Third is located, then you may want to consider banking with them. You can acquire the relationship rates which means even higher interest rates for you when you open multiple accounts.
However, keep in mind that when you look for a checking or savings account be sure to look into all the fees charged. Don’t focus on the interest rate alone, but on what the account will cost you overall.
If you’re a student, then you can especially benefit with Fifth Third because you won’t have to worry about paying monthly fees nor keep a minimum opening deposit.
Otherwise, then this is the bank for you! If you’re interested in banking with Fifth Third Bank, then see what they have to offer through Fifth Third Bank Promotions!
And while you’re here on HMB, check our full list of Best Bank Promotions for more options!
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