If you’re looking to get a new Fifth Third Bank checking account, also known as 5/3 Bank, you might be delighted to learn that you could also get $250 to go along with it.
The requirements for this offer are quite simple and you can even open an account entirely online.
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About Fifth Third Bank
Just to cover our bases (every bank listed on the blog is FDIC insured), Fifth Third Bank, National Association, is FDIC insured up to $250,000 (FDIC Cert# 6672) and regulated as a National Bank. They were founded in June of 1858 with headquarters in Cincinnati, Ohio at the aptly named Fifth Third Center.
They have over a thousand locations across eleven states and if you live near one, you could get a bonus from them for opening a checking account.
How to get $250 from Fifth Third Bank
To get $250from Fifth Third Bank, all you need to do is:
- Open an eligible checking account with your offer code,
- make direct deposits totaling $1,000 or more within 60 days of account opening,
- Collect $250! (deposited within 10 days of meeting the requirements)
The Fifth Third Essential, Enhanced, Preferred, Free Checking and Free Checking plus Extra Time all qualify for this promotion.
To get your offer code, just go to the promotional page and enter your email address. They will email you your code (it takes a few minutes) and it’ll look something like this:
You can open this account entirely online or you can visit a branch, which is really convenient. If you do it online, your code will be automatically applied. The email explains it all so you don’t have to remember.
You must be a new customer and you can only get one new account-related bonus each calendar year from Fifth Third Bank and you can’t have closed an account within the last 12 months (which is a stricter requirement). You must also be in their service area, which includes FL, GA, IL, IN, KY, MI, NC, OH, TN, and WV.
(Offer expires 9/30/2021)
Fifth Third Bank Fees
Fifth Third Essential, Enhanced, Preferred, Free Checking and Free Checking plus Extra Time all qualify for this promotion but they have different fee schedules.
The Fifth Third Momentum Checking is an account that has no monthly service charge, no minimum balance required, and no minimum deposit to open the account. They use different terms, like free checking, in the promotional offering but I suspect the Fifth Third Momentum Checking is likely the most fee friendly account.
By comparison, Fifth Third Preferred Checking requires a combined balance of $100,000 or you pay $25 per month. The benefit of Fifth Third Preferred Checking is that it earns a tiny smidge of interest, which I don’t see as worth it at all.
How Does Bonus This Compare?
It’s a pretty solid bonus for a reasonable direct deposit requirement so if you qualify, I’d take advantage of it.
Here are a few comparable deals you should take a peek at too:
Discover Online Savings Account – $150 or $200
Discover Bank is offering a $150 or $200 bonus when you open your first Discover Online Savings Account with the promotion code WH21 and deposit at least $15,000 into the account within 30 days. You get $150 if you deposit $15,000 or more and $200 if you deposit $25,000.
Chase Total Checking® – $225
Chase Bank will give you $225 when you open a Total Checking account and set up and set up direct deposit within 90 days. There is a $12 monthly fee that is waivable with a monthly direct deposit of just $500, so no gotchas on this deal!
HSBC Premier Checking – $450
HSBC has an offer where you can get $450 for eligible new customers who open an HSBC Premier checking account and make recurring monthly qualifying direct deposits of at least $5,000 for 3 consecutive months. Click here to learn more about this offer.
Huntington Bank – up to $500
If you are a resident of Illinois, Indiana, Kentucky, Michigan, Ohio, Pennsylvania, or West Virginia then you could get up to $500 from Huntington Bank for opening a new checking account. There are several checking accounts that qualify but they’re great offers if you live in their geographic region. Click here to learn more about Huntington Bank offers.