With so many banks to choose from, it can be difficult to know which one is right for you. But if you’re looking for a bank that provides excellent customer service and caters specifically to your needs, try exploring smaller regional banks like Fifth Third Bank.
Voted the No. 1 Digital Bank and Best Online Checking Account in America by Money Magazine in 2017, Fifth Third Bank has more than 700 locations across 11 states.
They offer a variety of personal banking services through convenient online and mobile banking platforms, as well as physical locations. Whether you are ready to open an account today or just curious about what Fifth Third offers its customers, you can find everything you need to know on this page.
Keep reading to learn more about how fifth third works and what steps you’ll need to take to open an account with them today.
What is Fifth Third Bank?
Located in Cincinnati, Ohio, Fifth Third Bank is a diversified financial services company offering a wide range of banking and investing products and services to individuals, corporations, and nonprofit organizations and Founded in 1853 as the Traders’ National Bank of Cincinnati, Fifth Third Bank grew to be the largest Ohio-based bank by the end of the 20th century.
In 2002, the bank changed its name to Fifth Third Bank to reflect its vision to be one of the top banks in the country. Fifth Third Bank operates in 11 states including Ohio, Indiana, Kentucky, Michigan, Florida, Tennessee, Wisconsin, Minnesota, Georgia, Virginia, and Pennsylvania.
As one of the country’s top online banks, Fifth Third Bank offers online and mobile banking solutions for all of its products and services. You can also visit any of the more than 700 branch locations conveniently located across the states where they operate.
How to Open an Account at Fifth Third Bank
If you decide that Fifth Third Bank is the right bank for you, the first step towards opening an account is to navigate to their website via; https://www.53.com and select “Open an Account.” From there, you’ll be able to choose between three different types of accounts including a checking account, a savings account, or a certificate of deposit.
Depending on which type of account you choose, you’ll have the option to choose the “Check” or “Savings” account option. Click on whichever account type you would like to open and you’ll be directed to a section on the site where you can fill out your information to get started.
Checking Accounts at Fifth Third Bank
If you decide to open a checking account with Fifth Third Bank, you’ll be able to take advantage of a number of their special checking account features.
- Mobile Banking – Fifth Third Bank offers free mobile banking apps for both Android and iOS devices. You can access your account 24/7 from anywhere in the world via your phone.
- Real-Time Activity Monitoring – Fifth Third Bank’s real-time activity monitoring tool keeps track of all account activity and notifies you as soon as a transaction is completed.
- Zero Liability Protection – If you sign up for overdraft protection, you will not be held responsible for any one-time debit card or ATM transactions that are processed against your account without your consent.
Interest Checking Accounts
If you’re looking for a high-interest rate checking account that offers more than the standard rate, Fifth Third Bank’s interest checking account could be a great option for you.
The account allows you to earn interest at a rate of 0.05% APY (annual percentage yield) on your daily balance, and you can withdraw your interest at any time. The minimum balance required to open an interest checking account is $100.
Savings Accounts
If you’re looking to save a little money, Fifth Third Bank offers a wide range of savings accounts that allow you to earn interest on your funds. There are a couple of different options available to choose from, depending on how much you’re looking to save. High-Yield Savings
- This account comes with an interest rate of 0.08% APY. Tax-Advantaged Savings
- If you’re looking to save for a major purchase or are saving for retirement, this account type is a great option. Minimum Balance Requirements
- The amount of money you need to open a savings account will vary depending on which type of account you choose.
Certificate of Deposit (CD)
If you’re looking for a safe, long-term investment, Fifth Third Bank’s CD accounts could be a great option for you. You can choose between a 12-month, 24-month, 36-month, 48-month, or 60-month CD term. The minimum deposit amount required to open a CD account is $500.
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Loans (Bad Credit is OK)
If you need a little extra money to get you through a rough patch, Fifth Third Bank offers a wide range of personal loans to help you get the money you need as quickly as possible. Personal Loans
- You can choose between a 36-month or 60-month personal loan. Personal Line of Credit
- This type of loan allows you to borrow a fixed amount of money with a flexible repayment schedule. Personal Savings Loan
- This loan is designed for individuals who want to borrow money that has been deposited in a savings account. Bad Credit Loans
- Fifth Third Bank offers a wide range of bad credit loans to individuals with a poor credit history.
Which bank is Right for You?
If you decide that Fifth Third Bank is the right bank for you, you can open an account online in a matter of minutes. The online application process is simple and straightforward, so you should be able to get started right away.
Simply navigate to their website, select “Open an Account” and follow the prompts to select the account type you want to open. Once you’ve completed the application process, you should receive an email confirmation of your account activation.
Once you have an account open with Fifth Third Bank, you can manage your account at any time using the online or mobile banking platform. You can also visit any of their more than 700 branch locations conveniently located across the states where they operate.
Online Banking Login
Ready to explore Fifth Third Bank’s online banking platform? Great! First, make sure you are logged into your account (if you don’t have an account yet, you can visit their website to start the application process).
Next, select the “Online Banking” tab from the top menu of the website.
From there, select the “Sign In” link. You’ll be prompted to enter your account information, followed by a verification of your identity through the use of security questions and answers.
Once you’ve successfully logged into your account, you can explore all of the many offerings and services Fifth Third Bank has to offer.