Fifth Third Bank Account Type

Fifth Third Bank offers a variety of accounts tailored to different financial needs, including:

• Momentum Checking Account
• Monthly Fee: $0 (no minimum balance required)
• Features: No monthly service fees, access to over 50,000 ATMs, and direct deposit up to two days early.
• Overdraft Protection: Provides an extra day to deposit funds to avoid overdraft fees.
• Preferred Checking Account
• Monthly Fee: $25 (can be waived with a combined balance of $100,000 across all Fifth Third accounts)
• Features: Earns interest, up to 10 fee waivers per month on out-of-network ATMs, complimentary checks, and free safe deposit box.
• Express Banking Account
• Monthly Fee: $5
• Features: No overdraft fees, no check writing capabilities, and access to mobile banking.
• Savings Accounts
• Momentum Savings Account
• Monthly Fee: $5 (can be waived under certain conditions)
• APY: 0.01%
• Relationship Money Market Account
• Monthly Fee: $5 (can be waived)
• APY: 0.01%
• Certificates of Deposit (CDs)
• Minimum Deposit: Ranges from $500 to $5,000 depending on the term.
• APY: Up to 4.00% for promotional CDs.

Fifth Third Bank Broker Account Opening Process

To open an account with Fifth Third Bank, follow these steps:

• Eligibility Requirements:
• Must reside in one of the states where Fifth Third operates: Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, and North Carolina.
• Must be of legal age or accompanied by a responsible adult if a minor.
• Valid identification (driver's license, passport, or state ID) is required.
• Account Opening Methods:
• Online: Visit the Fifth Third Bank website, select "Open an Account," and follow the prompts to fill in your personal information, including your email, zip code, and other required details.
• Mobile App: Use the Fifth Third mobile app to initiate the account opening process.
• In-Person: Schedule an appointment at a local branch and bring the necessary documents.
• Documentation:
• Provide personal information, Social Security number, and income/financial information.
• Submit scanned documents for verification.
• Bonus Offer:
• New customers may be eligible for a sign-up bonus (e.g., $300 for opening a Momentum or Preferred checking account) by meeting specific requirements, such as making qualifying direct deposits within 90 days of account opening.
• Approval Process:
• Approval may occur the same day or within a few business days after submitting your application and documents.