Fifth Third Bank is a regional bank based in Cincinnati, Ohio. If you’ve been considering signing up for a new checking account, now is a great time to take advantage of a Fifth Third checking bonus.
Keep reading to learn more about this great Fifth Third new account bonus.
How can you earn a Fifth Third Bank New Account Bonus?
Fifth Third Bank frequently offers different bonus opportunities, but the amount and requirements fluctuate.
To earn the bonus, they typically require the following.
- Open a new account online with a valid link or with a valid Fifth Third Bank offer code over the phone or in-branch.
- Set up qualifying direct deposit for a specific amount and keep that money in the account for at least 90 days.
Current Fifth Third Bank Promotions
Fifth Third $200 Checking Account Bonus
Through June 30, 2024, you can earn a $200 cash bonus when you sign up for an eligible checking account and complete the direct deposit requirements.
Eligible accounts include:
- Fifth Third Momentum®Checking
- Fifth Third Preferred Checking®
To receive your $200 checking account bonus, complete the following steps.
- Open a new eligible Fifth Third Bank checking account. The coupon code should be applied automatically when you click the link below. If not, you can have a code emailed to you.
- Set up direct deposits totaling at least $500 within 90 days of account opening.
Once you’ve completed the requirements, the $200 bonus will be deposited into your account within 10 business days.
This offer is only available if you live in Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, South Carolina, Tennessee, and West Virginia.
How to Open a Fifth Third Bank Account
Opening a new Fifth Third checking account is simple. It can be done online, in a bank branch, or over the phone. Just follow these steps.
- Decide which type of account you’d like to open. It could be a checking account, savings account, certificate of deposit, business account, or investment account.
- Get together all the required documents. To open any Fifth Third Bank account, you’ll need your social security number, a valid government-issued ID, and proof of your current address. Each person will need these documents if this is a joint account.
- You’re now ready to apply either online or in a branch. To open an account online, go to their website through this link.
- Once you’ve completed your account opening, you’ll want to set up online banking so you can complete all your banking needs online.
- Finally, make the qualifying direct deposits within the required days of account opening to earn your cash bonus.
How to Waive the Fifth Third Bank Fees
If you open a Fifth Third Momentum Checking account, there is no monthly fee. However, the Preferred checking account is an interest-bearing checking account with a $25 monthly fee. To have this waived, you will need to maintain a combined total balance of at least $100,000 between all banking and investment accounts.
How Do These Fifth Third Bank Bonuses Compare?
Fifth Third Bank historically offers some great promotions. However, because the bank is regional, they’re only available if you live in certain states. If you’re not eligible, here are a few alternatives.
U.S Bank Smartly® Checking
Earn up to a $700 cash bonus when you complete qualifying activities.
Chase Total Checking
Earn a $300 bonus when you open a Chase Total Checking account and set up qualifying direct deposits.
BMO Smart Advantage Checking
Earn a $250 bonus when you sign up for a BMO Smart Advantage checking account and complete qualifying activities.
Other Information About Fifth Third Bank Bonuses
Account bonuses are only for new customers
Only new customers are eligible to receive an account opening bonus from Fifth Third Bank. To be considered a new customer, you can’t have a current account open, and you can’t have been a customer in the past 12 months.
Bank Account Bonuses Are Taxable
If you’ve received a bonus offer, this amount is taxable by the IRS. In January, you will receive a Form 1099-INT.
Frequently Asked Questions
Does Fifth Third Bank have referral bonuses?
Fifth Third Bank does not offer any referral bonuses.
How long does it take to get paid your bonus?
Once you’ve completed your qualifying direct deposits and any other requirements, Fifth Third Bank will pay the bonus within 30 days into your account.
