Fifth Third Bank Review 2024

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The bottom line: You may want to consider Fifth Third Bank if you live in the Southeast or Midwest. It has a strong free checking account with several overdraft protection options and a good range of CDs. You'll earn the best CD rates at online banks, though.

Overall bank rating

Pros and cons

Fifth Third Momentum® Savings Account

The  Fifth Third Momentum® Savings Account may be worthwhile if you're able to waive the monthly service fee. You'll need to have a Fifth Third checking account (excluding Fifth Third Express Banking), an account balance of at least $500, or be enrolled in Fifth Third Military Banking.

Otherwise, our best high-yield savings accounts guide has suitable fee-free options.

Fifth Third Momentum® Checking

The Fifth Third Momentum® Checking is a great choice if you don't want to deal with monthly bank maintenance fees.

The bank also offers several ways to avoid overdraft fees. You can get free overdraft protection if you link your checking account to a savings account or get a line credit.

If you don't have overdraft protection, Fifth Third Extra Time is still available. Fifth Third Extra Time is a special feature in the Fifth Third Momentum® Checking, where the bank waives overdraft fees if you restore your account balance before midnight ET the next business day.

Fifth Third Bank Standard CD

You'll find Fifth Third Bank's CDs appealing if you're looking for a variety of terms. The minimum opening deposit is also low for terms between three months and seven years.

The one downside is rates are pretty low overall, with the exception of a three promotional terms.

Fifth Third Bank Relationship Money Market Account

The Fifth Third Bank Relationship Money Market Account is a decent money market account if you don't want a high minimum opening deposit and qualify to waive the $5 monthly service fee. It doesn't come with a debit card and pays a low interest rate, though.

How Fifth Third Bank works

Fifth Third Bank has over 1,087 branches in 11 states in the Southeast and Midwest. You'll find a nearby branch if you live in the following states:

• Florida
• Georgia
• Illinois
• Indiana
• Kentucky
• Michigan
• North Carolina
• Ohio
• South Carolina
• Tennessee
• West Virginia

Customer service is available over the phone or through live chat Monday through Friday from 8:00 a.m. to 6:00 p.m. ET and Saturdays from 10:00 a.m. to 4:00 p.m. ET.

The bank's mobile app has 4.4 out of 5 stars in the Apple Store and 4.1 out of 5 stars in the Google Play Store. 

Fifth Third Bank is FDIC insured. Individual bank accounts are secure up to $250,000. 

Fifth Third Bank trustworthiness and BBB rating

Fifth Third Bank as an A+ rating from the Better Business Bureau. The BBB determines ratings by looking at how a business responds to customer issues, advertises, and handles transparency.

Fifth Third Bank has been involved in one recent public controversy. In 2020, the Consumer Financial Protection Bureau filed a lawsuit that said the bank opened products for customers without their authorization. The CFPB filed an amended complaint in June 2021 that stated by opening these accounts and misleading customers, Fifth Third Bank had violated several federal regulations. The case is still ongoing.

How Fifth Third Bank compares 

Fifth Third Bank vs. Regions Bank 

If you'd like to have a robust branch network, Regions Bank may be more appealing than Fifth Third Bank. Fifth Third Bank has 1,087 branches in 10 states, while Regions Bank has over 1,300 branches in 15 states.

Fifth Third Bank may stand out to you if you want to open bank accounts with $0. Fifth Third Momentum® Checking and the Fifth Third Momentum® Savings Account do not require a minimum opening deposit. 

You might also like Fifth Third Bank if you want a free checking Account. The Regions Bank LifeGreen® Checking Account has a $8 or $11 monthly service fee and you'll need to meet certain requirements to waive the fee. 

Regions Bank Review

Fifth Third Bank vs. PNC Bank

Fifth Third Bank might be a stronger contender than PNC Bank if you want to open a checking account without monthly service fees. Its savings account isn't as strong, though. It pays a low rate and has a $5 monthly service fee However, if you already have a Fifth Third Bank checking account, it may be worth exploring.

If you live in the Midwest or Northeast, you likely won't be eligible for the PNC Bank High-Yield Savings Account, the most appealing account. PNC's other savings accounts have monthly maintenance fees if you don't have a certain amount in your account. Ultimately, you might prefer one of the best high-yield savings accounts if you're priority is obtaining a high savings rate and avoiding monthly service fees. 

PNC Bank Review

Sophia Acevedo

Banking Editor

Sophia Acevedo is a banking editor at Business Insider. She has spent three years as a personal finance journalist and is an expert across numerous banking topics. ExperienceSophia leads Personal Finance Insider's banking coverage, including reviews, guides, reference articles, and news. She edits and updates articles about banks, checking and savings accounts, CD rates, budgeting, and general saving. Sophia was also a part of Business Insider's 2024 series "My Financial Life," which focused on telling stories that could help people live and spend better.Before joining Business Insider, Sophia worked as a journalist at her college newspaper and was a freelance writer. She has spent seven years writing and editing as a journalist.Sophia was nominated for an Axel Springer Award for Change in 2023 for her coverage of ABLE accounts, tax-free savings accounts for people with disabilities. She was also a winner of a 2018 California Journalism Awards Campus Contest for her photography.She loves helping people find the best solutions for their unique needs and hopes that more people will find the tools to solve their financial problems. She’s inspired by stories of everyday people adapting to their financial circumstances and overcoming their fears around money.ExpertiseSophia's expertise includes:

• Bank accounts
• Savings and CD rate trends
• Budgeting
• Saving
• How banks operate

EducationSophia graduated from California State University Fullerton with a degree in journalism and a minor in political science.Sophia is a member of the National Association of Hispanic Journalists.She is an avid reader across a variety of genres, and she started running in 2021. She ran in the 2024 Los Angeles Marathon.

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Evelyn He

Compliance and Operations Associate

Evelyn He is a Compliance and Operations Associate on the Personal Finance team to ensure content accuracy and editorial independence so readers get up-to-date and objective financial advice.The compliance team's mission is to provide readers with fact-checked and current stories so they can make informed financial decisions. The team also works to minimize risk for partners by ensuring language is clear, precise, and fully compliant with regulatory and partner marketing guidelines that align with the editorial team.

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