Fifth Third Bank Promotions and Bonuses

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 Best Fifth Third Bank Promotions

Here are the active Fifth Third Bank bonuses that you can benefit from today:

1. Personal Checking - $375 bonus

Fifth Third Bank has revived their personal checking account bonus, and made it sweeter this time around. They've increased the offer amount from $350 to $375.

You can open the account online through the promotion's landing page, or choose instead to enter your email address to receive a unique code that you can take into your local branch.

Another perk? Users report receiving their bonus just days after the qualifying deposit is posted.

Fifth Third Bank : Personal Checking

Bonus Amount
$375
Account Type
Personal Checking
Availability
FL, GA, IL, IN, KY, MI, NC, OH, SC, TN, WV
Offer Expires
September 30, 2022
Bonus Requirements
  1. Open a new Momentum® Checking or Preferred checking account using the link below.
  2. Within 90 days, receive $500 in direct deposits.
  3. Bonus will be credited to your new account within 10 business days of meeting the requirements.
Apply Now

at Fifth Third Bank

2. Preferred Cash/Back Card - 2% Cash Back

The Fifth Third Preferred Cash/Back Card offers cardholders an unlimited 2% cash back on every purchase you make using the card.

This no-annual-fee credit card is only available to Fifth Third Preferred Banking clients. If you qualify, the card comes with a straightforward rewards system: 2% on everything, with no tiered or rotating categories, no limit to your earning, and with rewards that never expire.

Fifth Third Bank : Preferred Cash/Back Card

Bonus Amount
2% Cash Back
Account Type
Personal Credit Card
Availability
FL, GA, IL, IN, KY, MI, NC, OH, SC, TN, WV
Offer Expires
Limited Time
Bonus Requirements
  1. Apply for a new Fifth Third Preferred Cash/Back credit card at your local branch or by phone.
  2. Use your new card for online or in-store purchases, and automatically receive 2% cash back directly to your rewards account.
  3. At any time, use the online portal to redeem your rewards for gift cards, cash back, or travel.
Apply Now

at Fifth Third Bank

3. Cash/Back Card - 1.67% Cash Back

The Fifth Third Cash/Back Card offers cardholders an unlimited 1.67% cash back on every purchase you make using the card.

This no-annual-fee credit card is only available to customers who have a Fifth Third Momentum® checking or savings account.

Like the Preferred card, the Cash/Back card offers a straightforward rewards system: 1.67% on everything, with no tiered or rotating categories, no limit to your earning, and with rewards that never expire.

Fifth Third Bank : Cash/Back Card

Bonus Amount
1.67% Cash Back
Account Type
Personal Credit Card
Availability
FL, GA, IL, IN, KY, MI, NC, OH, SC, TN, WV
Offer Expires
Limited Time
Bonus Requirements
  1. Apply for a new Fifth Third Cash/Back credit card using the link below.
  2. Use your new card for online or in-store purchases, and automatically receive 1.67% cash back directly to your rewards account.
  3. At any time, use the online portal to redeem your rewards for gift cards, cash back, or travel.
Apply Now

at Fifth Third Bank

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 $375 Sep 30 Direct Deposit Details
Preferred Cash/Back Card Personal Credit Card 2% Cash Back Limited Time Card Spend Details
Cash/Back Card Personal Credit 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 at this time. Check back often as Fifth Third Bank may revive these deals or offer similar promotions in the future.

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.

Find Out More About Fifth Third Bank

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Contact:

Fifth Third Bank Mailing Address: 38 Fountain Square Plaza
Cincinnati, OH 45263
Fifth Third Bank Website