Fifth Third Bank is a regional bank offering a full suite of products to both personal and business customers. They are headquartered in Ohio, with more than 1,100 branches across the Midwest, South and Southeast.
Their basic accounts have reasonable (and waivable) monthly fees, but keep in mind that their other fees can be steep and Fifth Third's savings rates are laughably low.
That said, if you're in one of the 10 states that Fifth Third does business, you could benefit from the great sign-up bonuses that the bank consistently offers. Particularly on the personal side, Fifth Third Bank's checking account offers are some of the most competitive when you consider the requirements-to-reward.
Current Fifth Third Bank Promo Codes & Bonus Offers
Here are the active Fifth Third Bank bonuses that you can benefit from today:
Personal Checking
- Bonus Amount
- $300
- Account Type
- Personal Checking
- Availability
- FL, GA, IL, IN, KY, MI, NC, OH, SC, TN, WV
- Offer Expires
- December 31, 2024
- Bonus Requirements
-
- Open a new Momentum® Checking or Preferred checking account using the link below.
- Within 90 days, receive $500 in direct deposits.
- Bonus will be credited to your new account within 10 business days of meeting the requirements.
at Fifth Third Bank
Fifth Third Preferred Cash/Back Card
- Bonus Amount
- 2% Cash Back
- Account Type
- Personal Card
- Availability
- Nationwide
- Bonus Requirements
-
- Apply for a new Fifth Third Preferred Cash/Back credit card at your local branch or by phone.
- Use your new card for online or in-store purchases, and automatically receive 2% cash back directly to your rewards account.
- At any time, use the online portal to redeem your rewards for gift cards, cash back, or travel.
Fifth Third 1.67% Cash/Back Card
- Bonus Amount
- 1.67% Cash Back
- Account Type
- Personal Card
- Availability
- Nationwide
- Bonus Requirements
-
- Apply for a new Fifth Third Cash/Back credit card using the link below.
- Use your new card for online or in-store purchases, and automatically receive 1.67% cash back directly to your rewards account.
- At any time, use the online portal to redeem your rewards for gift cards, cash back, or travel.
Summary: Fifth Third Bank's Current Bonuses
Here’s a recap of the current Fifth Third Bank promotions and offers that you can claim right now:
| Account | Account Type | Amount | Expires | Requirements | |
|---|---|---|---|---|---|
| Personal Checking | Personal Checking | $300 | Dec 31 | Direct Deposit | Details |
| Fifth Third Preferred Cash/Back Card | Personal Card | 2% Cash Back | Limited Time | Card Spend | Details |
| Fifth Third 1.67% Cash/Back Card | Personal Card | 1.67% Cash Back | Limited Time | Card Spend | Details |
Expired Offers From Fifth Third Bank
These bonuses were recently offered by Fifth Third Bank, but are not available right now.
Check back often as Fifth Third Bank may revive these deals or offer similar promotions in the future. In the meantime, it can sometimes be helpful to compare Fifth Third Bank's current bonuses to their previous deals.
Business Checking Account - $500 bonus (Expired)
Expired: September 8, 2023
Fifth Third Bank previously offered $500 for opening a Business Checking account.
To earn the bonus, you needed to:
- Enter your email address on the offer page linked below.
- Take your emailed offer code into a Fifth Third branch and open a Fifth Third Business Standard, Premium or Elite Checking account.
- Within 10 days, deposit $5,000 in new funds and maintain that balance for 90 days.
- Bonus will be credited to your account within 10 business days after meeting requirements.
Personal Checking - $350 bonus (Expired)
Expired: May 30, 2022
Fifth Third Bank previously offered $350 for opening a Personal Checking account.
The steps to earning this bonus were:
- Open a new Momentum® Checking or Preferred checking account using the link below.
- Within 90 days, receive $500 in direct deposits.
- Bonus will be credited to your new account within 10 business days of meeting the requirements.
Personal Checking - $300 bonus (Expired)
Expired: April 30, 2022
Fifth Third Bank previously offered $300 for opening a Personal Checking account.
Earning this bonus required you to:
- Open a new Momentum® Checking or Preferred checking account using the link below.
- Within 60 days, receive $500 in direct deposits.
- Bonus will be credited to your new account within 10 business days of meeting the requirements.
Personal Checking - $250 bonus (Expired)
Expired: December 31, 2021
Fifth Third Bank previously offered $250 for opening a Personal Checking account.
The requirements for this bonus were:
- Open a new Momentum® Checking or Preferred checking account using the link below.
- Within 90 days, receive $500 in direct deposits.
- Bonus will be credited to your new account within 10 business days of meeting the requirements.
Personal Checking - $150 bonus (Expired)
Fifth Third Bank previously offered $150 for opening a Personal Checking account.
To earn the bonus, you needed to:
- Open a new Momentum® Checking or Preferred checking account using a promo code from the link below.
- Within 90 days, receive $500 in direct deposits.
- Bonus will be credited to your new account within 10 business days of meeting the requirements.
How To Open a Fifth Third Bank Account
When you’re ready to sign up for an account, you can easily do so online or head to your local bank and open one with a branch manager.
All you’ll need is a Social Security number, an ID (driver's license, passport, or other government-issued photo ID), and information on the method you plan to use to fund your new account.
The sign-up process should take as little as 10 minutes online, though some accounts require you to call or visit a branch to open.
How To Avoid Account Fees to Maximize Your Fifth Third Bonus
Many of the checking and savings accounts offered by Fifth Third Bank have monthly maintenance fees. But there are steps you can take to have these waived, which vary by account.
You should definitely be considering these monthly maintenance fees when calculating the value of a Fifth Third promotion or bonus offer.
If you can't meet the requirements to waive the fee, the Fifth Third Bank product is probably not a great fit long-term for you. In the short-term, you'd at least need to subtract about 3 months worth of fees from the bonus amount, and then consider whether the reward is still worthwhile.
Personal Accounts From Fifth Third Bank:
- Momentum® Checking: The most popular checking account from Fifth Third Bank has no monthly fee.
- Preferred Checking®: The $25 monthly fee can be waived if you maintain a combined balance of at least $100,000 across all of your deposit and investment accounts.
- Express Banking®: Fifth Third's second chance checking account provides the convenience of a banking relationship and has no monthly service fee, but has built-in safeguards like the inability to write checks.
- Momentum® Savings or Fifth Third Relationship Money Market: The $5 maintenance fee for either account is automatically waived if you have a Fifth Third checking account, OR if you maintain an average monthly balance of at least $500, OR if you're enrolled in Fifth Third Military Banking, OR if the owner of the account is under age 18.
Business Accounts From Fifth Third Bank:
- Fifth Third Business Standard Checking Account®: The $11 monthly fee can be waived if you maintain a combined balance of $3,500 across your business checking, savings, and/or CDs, OR if you spend at least $500 each month using your Fifth Third business credit cards, OR if the account owner has filled out a Relationship Consent form linking their personal Private Bank or Preferred Checking account.
- Fifth Third Business Premium Checking Account®: The middle-tier business checking account has a $25 maintenance fee that can be waived if you maintain $10,000 across your business checking, savings, and/or CDs, OR if you have an active Fifth Third Business loan, OR if you're enrolled in their merchant services and also spend at least $500 using your Fifth Third business credit cards.
- Fifth Third Business Elite Checking Account®: The premium small business checking account from Fifth Third has a $35 monthly fee that can be waived by maintaining at least $25,000 in your business checking, savings or CDs. Alternatively, the maintenance fee can be waived if you have an active business loan, or if you're enrolled in Electronic Deposit Manager or Fifth Third Direct while also spending at least $500 using your Fifth Third business credit cards.
- Business Savings: The basic small business savings account from Fifth Third Bank has a $5 monthly fee that can be waived by maintaining at least $10,000 in the account.
- Business Money Market: The $10 maintenance fee is automatically waived if you maintain $10,000 in the account.
- Business Relationship Savings: This popular small business savings account from Fifth Third Bank has no maintenance fee. Keep in mind that interest rates are tiered based on your account balance. Additionally, customers who also have a Premium or Elite Checking Account will receive a loyalty boost to their interest rate.
Fifth Third Bank Promotions FAQs
Does Fifth Third Bank have any promotions?
Fifth Third Bank doesn't run as many deals as some of the other well known banks, but they do regularly offer an incentive to new checking account customers.
Right now, Fifth Third is offering personal customers $375 for opening a new checking account. What's more, the requirements for earning the bonus are super straightforward.
Additionally, Fifth Third Bank offers a couple of cash back credit cards to customers who also have a checking or savings account with them. These cards offer unlimited cash back on every purchase – no rotating categories, no tiered percentages based on where you spend, and no expiration on your rewards.
Are sign-up bonuses from Fifth Third Bank taxed?
Yes, all bonuses coming from Fifth Third Bank promotions will be reported to the IRS and taxed as income. Keep this in mind when you're figuring out your total return on any given offer.
The exception here is credit card rewards. Since these require a minimum spending amount to qualify for a bonus, the reward doesn't count as taxable income.
Do Fifth Third Bank offers expire?
Yes. As with most bank bonuses, Fifth Third Bank offers usually have expiration dates (see above examples).
Plus, unlike other banks, Fifth Third Bank doesn't usually just automatically extend the date at the end of an offer window. Instead, the new account bonus ends for a period of time, and often comes back with changed terms – sometimes for the better, sometimes for the worse.
That said, don't feel like you have to jump on a bonus just because it's about to expire. There will be others later on.
If, however, you find a great bonus with an account you want, there's no point in waiting. It could be a while before the same promo becomes available again. So if you're sure, just go for it.
How long does it take to get paid the checking account bonus from Fifth Third?
Fifth Third Bank promises to credit your account within 30 days of qualifying for the personal checking account bonus.
If you haven't received your bonus in the expected amount of time, double-check to make sure you didn't miss anything in the requirements, then contact the customer support team to find out what the hold up is.
Can I get multiple Fifth Third promotions?
Most offers are only available to new Fifth Third Bank customers, meaning you usually only get one shot at a particular bonus.
Keep in mind that by "new", we mean new for that particular account category. For example, receiving a bonus for opening a new Fifth Third Bank Momentum® Checking account doesn't keep you from also getting a credit card bonus. It only excludes you from other personal checking account promotions.
The Verdict: Is a Fifth Third Bank Bonus Worthwhile For You?
While the free cash can be tempting, our advice remains the same as always: first and foremost, pick a bank and account that serves your needs, then consider the cash offer to new customers.
With Fifth Third Bank, you have several checking and savings account variations to choose from, each with unique perks and fee structures. Assuming you can meet the requirements to avoid the monthly fee and that the account is a match for your financial situation, then a cash bonus is the cherry on top.
