Fifth Third Bank Personal Checking $300 Bonus

Fifth Third Bank : Personal Checking

Bonus Amount
$300
Account Type
Personal Checking
Available In Your Area?
No
Offer Expires In
Bonus Requirements
  1. Open a new Momentum® Checking or Preferred checking account using the link below.
  2. Within 60 days, receive $500 in direct deposits.
  3. Bonus will be credited to your new account within 10 business days of meeting the requirements.
Other Details
Hard Credit Pull?
Monthly Fees?
Varies By Account
Open Online?
Save for later
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Fifth Third Bank has revived their personal checking account bonus, and made it sweeter this time around. They've increased the offer amount from $250 to $300 AND decreased the deposit requirement from $1,000 to $500.

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.

How To Earn The Bonus

The Fifth Third Bank Personal Checking promotion requires you to set up direct deposits in order to earn the $300 bonus. Full requirements to receive this bonus are:

  1. Open a new Momentum® Checking or Preferred checking account using the link below.
  2. Within 60 days, receive $500 in direct deposits.
  3. Bonus will be credited to your new account within 10 business days of meeting the requirements.

The fine print

  • The $300 checking bonus does not require any additional activities.
  • A qualifying Direct Deposit is an Automated Clearing House (ACH) credit, which may include payroll, pension or government payments (such as Social Security).
  • In order to receive the cash bonus, your checking account must be open and in good standing.
  • Offer is not available to existing Fifth Third checking customers or to those with a Fifth Third Checking account that has been closed within the last 12 months.
  • Bank reserves the right to limit each customer to one new account-related gift incentive per calendar year.
  • Eligibility may be limited based on your account type and ownership role.
  • Account must be funded within 45 days of account opening.
  • No minimum deposit required to open a checking account.
  • Bonus may be taxable as interest income and reported on IRS Form 1099-INT. Consult your tax advisor.
  • UNIQUE OFFER CODE MUST BE PRESENTED AT ACCOUNT OPENING TO RECEIVE THE BONUS. See your banker for details.
  • Not valid with any other offer.

Why Fifth Third Bank?

Fifth Third Bank is 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 their other fees can be steep and savings rates are laughably low.

Momentum® Checking

Momentum Checking is a free checking account that covers all the basics — you’ll get a contactless debit card, mobile banking, and direct deposit.

There is no monthly maintenance fee or minimum deposit requirements, and you can open an account with any amount for your initial deposit.

Fees

Momentum® Checking does not charge a monthly fee.

Preferred Checking®

Preferred Checking is Fifth Third’s premium checking account that comes with exclusive discounts, benefits, and services.

Some of the added benefits include reimbursed ATM fees, complimentary identity fraud alerts along with access to your credit report and score, commission-free trades in your brokerage account, free checks, notary services, money orders, cashiers checks, and a 3x5 safe deposit box, and a dedicated customer service line along with access to investment consultants.

Fees

Preferred Checking® does charge a monthly fee of $25, but there are ways to get this waived:

  • Reach a combined total balance of $100,000 across any of your Fifth Third Bank deposit and investment accounts.