Fifth Third Bank Review and Comparison

Fifth Third Bank is a well-established financial institution with a rich history dating back to 1858. It's headquartered in Cincinnati, Ohio, and has a significant presence in the Midwest.

With over 1,300 branches and 2,600 ATMs, Fifth Third Bank has a vast network of physical locations where customers can conduct their banking business. This makes it a convenient option for those who prefer to bank in person.

Fifth Third Bank offers a range of personal and business banking services, including checking and savings accounts, loans, and investment products. Its banking services are designed to meet the needs of individuals and small businesses.

Fifth Third Bank has a strong reputation for customer service, with a dedicated team of representatives available to assist customers with their banking needs.

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Fifth Third Bank offers a variety of account options to suit different needs and preferences.

You can choose from several checking accounts, including Momentum Checking, which is a free checking account with no minimum balance required to open or maintain. This account also offers early direct deposits and tools like Extra Time to avoid overdraft fees.

Fifth Third also offers specialized checking accounts for students, military members, and those with disabilities. Additionally, the Preferred Checking account provides fee-free access to all ATMs in the U.S., with a limit of 10 transactions monthly, plus access to a dedicated customer service line anytime.

The bank's savings accounts, such as the Momentum Savings account, have no minimum deposit requirement and waive monthly fees when linked to a Fifth Third checking account or with qualifying balances. However, the interest rate is lower compared to leading competitors.

Fifth Third Bank CDs offer a range of term lengths and deposit options, starting at just $500 for long-term CDs. The Short-term Standard CDs and Promotional CDs have a $5,000 minimum deposit to open, while the Long-term Standard CDs and 529 CDs have a $500 minimum deposit to open.

Here is a summary of Fifth Third Bank's account options:

Remember to consider your individual needs and preferences when choosing an account from Fifth Third Bank.

Fifth Third Bank offers a range of benefits to its customers.

One of the main advantages is the free Fifth Third Momentum checking account, which comes with the Fifth Third Extra Time feature. This account is a great perk for customers.

You can also get free overdraft protection, which can provide peace of mind and help you avoid unnecessary fees.

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The Fifth Third bank offers some great perks that make banking with them a good choice. You can get a free Fifth Third Momentum checking account with Fifth Third Extra Time, which is a great way to save money.

One of the benefits of this account is free overdraft protection, which can give you peace of mind and help you avoid unexpected fees. This feature can be a lifesaver in an emergency.

Another advantage of banking with Fifth Third is the possibility of waiving monthly service fees. This can save you money every month and make your banking experience more affordable.

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Fifth Third Bank has an A+ rating from the Better Business Bureau, which is a great sign of trustworthiness.

The BBB determines ratings by looking at how a business responds to customer issues, advertises, and handles transparency. This means that Fifth Third Bank is committed to being open and honest with its customers.

Fifth Third Bank has been involved in one recent public controversy, with the Consumer Financial Protection Bureau filing a lawsuit in 2020 claiming the bank opened products for customers without their authorization.

The case is still ongoing, but this incident is worth noting when considering whether to trust Fifth Third Bank with your financial business.

You can trust that we've done our research and considered all the facts, including the BBB rating and the bank's involvement in this controversy.

If you're not sold on Fifth Third Bank, there are alternatives worth considering. Fifth Third Bank's savings account has a low rate and a $5 monthly service fee, making it less appealing than some other options.

PNC Bank is another option, but its savings accounts have monthly maintenance fees unless you meet certain balance requirements. Fifth Third Bank's checking account, on the other hand, has no monthly service fees.

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If you live in the Midwest or Northeast, you likely won't be eligible for the PNC Bank High-Yield Savings Account.

PNC's other savings accounts have monthly maintenance fees if you don't have a certain amount in your account.

You might prefer one of the best high-yield savings accounts if your priority is obtaining a high savings rate and avoiding monthly service fees.

PNC Bank's other savings accounts aren't as strong as some of the best high-yield savings accounts, which pay higher rates and have fewer fees.

You might prefer one of the best high-yield savings accounts if you're looking for a high savings rate and don't want to deal with monthly service fees.

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If you're looking for alternatives to Fifth Third (FITB), you can compare it to other similar companies using key performance metrics.

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US Bancorp (USB) is another banking name that has reported its earnings, helping to ease Wall Street's credit fears.

Truist (TFC) and Huntington (HBAN) are regional names that have also reported their earnings, providing more insights into the banking sector.

Ally Financial (ALLY) is another regional name that has reported its earnings, offering a similar perspective to FITB.

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Fifth Third Bank offers several checking accounts to choose from, including the Momentum Checking account, which is a free checking account with no minimum balance required to open or maintain the account.

You'll have access to early direct deposits and can avoid overdraft fees with Fifth Third Bank's Extra Time feature.

The Momentum Checking account has no monthly service fee, and you can also get free overdraft protection if you link your checking account to a savings account or get a line of credit.

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

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Fifth Third Bank also has an ABLE Checking, Military Checking, and Student Checking account options, which cater to specific needs.

The Preferred Checking account offers a competitive annual percentage yield, regardless of balance, and provides fee-free access to all ATMs in the U.S., with a limit of 10 transactions monthly.

Here are some key features of Fifth Third Bank's checking accounts:

Whether you're looking for a free checking account or one with interest-earning options, Fifth Third Bank has you covered.

Fifth Third Bank offers a variety of CD and money market accounts to suit different needs. You can open a CD with a minimum deposit as low as $500, which is great for those who want to start saving with a small amount.

Fifth Third Bank's CD accounts offer a range of term lengths, from seven days to 144 months. This flexibility allows you to choose a term that fits your savings goals.

The bank's money market accounts also offer flexibility, with check writing privileges and overdraft protection if linked to a Fifth Third Momentum Checking account. However, interest rates for these accounts are relatively low, so you may want to shop around for better options.

Here are some key features of Fifth Third Bank's CD and money market accounts:

CD accounts can be a great way to save money, but it's essential to understand the options available. Fifth Third Bank offers a variety of CD accounts, including Promotional CDs, Short-term Standard CDs, Long-term Standard CDs, and 529 CDs.

You can choose from a range of term lengths, from 7 days to 144 months. The minimum deposit requirements vary, with $500 needed for Long-term Standard CDs and 529 CDs, and $5,000 required for Short-term Standard CDs and Promotional CDs.

Fifth Third Bank's CD accounts offer low minimum deposit requirements for some CD types, but be aware that early withdrawal penalties may apply. This means you could lose some of your interest if you need to withdraw your money before the term ends.

A wide variety of CD rates and term lengths are available, but keep in mind that lower rates than many online banks may apply. If you're looking for a low-risk way to save, Fifth Third Bank's CDs might be a good option.

Here's a summary of the minimum deposit requirements for Fifth Third Bank's CD accounts:

Money market accounts offer a convenient way to save money while allowing you to access your funds as needed.

If you're looking for a low-maintenance savings option, consider a money market account. Fifth Third Bank offers a Relationship Money Market account that combines features of a checking and savings account, including check writing and earning interest.

The monthly service charge for this account is waived if you have a qualifying Fifth Third checking account, or if you maintain a $500 minimum balance. This can be a great option if you want to avoid fees.

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One thing to keep in mind is that interest rates for Fifth Third Bank's money market accounts are relatively low, so it may be worth shopping around for better options. However, if you're looking for a flexible savings option with check writing privileges, a money market account could be a good choice.

Here are some key features of Fifth Third Bank's money market accounts:

Overall, a money market account can be a great way to save money while still having access to your funds as needed. Just be sure to shop around for the best interest rates and terms.

Fifth Third Bank's online banking system is incredibly convenient, allowing you to manage your accounts from anywhere with an internet connection.

You can pay bills, view statements, deposit checks, transfer money, and more, all at your fingertips.

The mobile app is highly rated, with a 4.7 out of 5-star rating on both the Google Play and Apple App Store, indicating its reliability and user-friendliness.

With the mobile app, you can also send and receive money electronically using Zelle, even if the other party uses a different bank.

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Fifth Third Bank is a top-tier banking option that won Gold for Best Bank in Ohio for 2025.

Its main competitor, KeyBank, received Silver in the same category. KeyBank's primary strength lies in its checking accounts, which include basic fee-free checking and an online-only option.

Fifth Third Bank offers a bit more variety in its checking options, making it a great choice for those with diverse banking needs.

Chase has over 4,700 branches and 15,000 ATMs nationwide, so you can almost always find one nearby.

In contrast, Fifth Third Bank has a more limited presence, but it's still a great option if you're located in its service area, which includes 11 states in the southeastern and midwestern US.

If you're in one of those states, you'll find more of a hometown bank feel with Fifth Third Bank, which is a big plus for those who value personal service and a community-focused approach.

Chase's large network of branches and ATMs makes it a great choice for people who travel or live in areas with limited banking options, but Fifth Third Bank's smaller size can be a advantage for those who want to feel like they're banking with a local institution.

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Fifth Third Bank won Gold for Best Bank in Ohio for 2025, and KeyBank got the Silver.

Fifth Third Bank and KeyBank are both top-tier banking options, but they have different strengths. Fifth Third Bank has a bit more checking variety.

KeyBank's primary strength lies in its checking accounts, which include basic fee-free checking and an online-only option as well as relationship accounts.

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Fifth Third Bancorp was founded in 1858 and is headquartered in Cincinnati, Ohio.

The company operates as the bank holding company for Fifth Third Bank, National Association, providing a range of financial products and services in the United States.

Fifth Third Bancorp has three main segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.

Regions offers a robust branch network with over 1,300 branches in 15 states.

One of the key benefits of choosing Regions is the extensive reach of their branches, making it easier to access banking services in multiple locations.

Regions has a larger branch network than Fifth Third Bank, which has 1,087 branches in 10 states.

If you prioritize having a wide range of branch locations, Regions is likely a better fit for your banking needs.

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In 1908, a significant event took place in the history of the company: the merger of Third National Bank and Fifth National Bank.

The merger resulted in the formation of the Fifth–Third National Bank of Cincinnati, a name that would undergo several changes over the years.

The hyphen in the original name was later dropped, and the company went through various name transformations, including becoming the Fifth Third Union Trust Company.

On March 24, 1969, the name was changed to Fifth Third Bank, a name that has stuck to this day.

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Fifth Third Bancorp has been around since 1858, making it a well-established financial institution with a rich history.

The company operates as the bank holding company for Fifth Third Bank, National Association, and provides a range of financial products and services in the United States.

Its headquarters is located in Cincinnati, Ohio, giving it a strong presence in the region.

Fifth Third Bancorp operates through three main segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.

The Commercial Banking segment offers a wide range of services, including credit intermediation, cash management, and financial services, as well as lending and depository products.

Its Consumer and Small Business Banking segment provides a range of deposit and loan products to individuals and small businesses, including home equity loans and lines of credit, credit cards, and cash management services.

The Wealth & Asset Management segment provides various wealth management services for individuals, companies, and not-for-profit organizations, including retail brokerage services, broker dealer services, and wealth planning.

Fifth Third Bancorp offers a wide range of financial products and services, making it a one-stop-shop for many customers.

Its services include residential mortgage origination, retention, and servicing, as well as indirect lending, home improvement, and solar energy installation loans.

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Fifth Third Bank's performance has been impressive, with a trailing total return of 29.67% as of October 20, 2025, which includes dividends or other distributions.

This return is significantly higher than the S&P 500 benchmark, indicating the bank's strong financial health.

The bank's profitability is also noteworthy, with a profit margin of 29.67%. This means that for every dollar of revenue, the bank keeps 29.67 cents as profit.

Here are some key financial highlights:

The bank's revenue has been steadily increasing, reaching $8.13 billion as of the last reported quarter.

Fifth Third Bank's valuation measures provide valuable insights into the bank's financial health and growth prospects. Fifth Third Bank's market capitalization stands at $28.96 billion.

The company's trailing price-to-earnings (P/E) ratio is 13.78, indicating that investors are paying $13.78 for every dollar of earnings. This ratio is a widely used metric to evaluate a company's stock performance.

Fifth Third Bank's forward P/E ratio is 11.05, suggesting that investors expect the company to grow its earnings in the future. This ratio is lower than the trailing P/E ratio, indicating a more optimistic outlook.

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Here are Fifth Third Bank's valuation measures in a concise table:

The PEG ratio of 2.51 indicates that Fifth Third Bank's stock price is expected to grow at a rate that is slightly higher than the broader market. This could be a good sign for investors looking for growth opportunities.

Fifth Third Bank has been involved in several high-profile lawsuits over the years.

In 2016, the bank was sued for violating telemarketing laws, and a $50 million settlement was finalized in 2022.

A class action suit was filed on behalf of former MB Financial shareholders, alleging that Fifth Third's cross-selling strategy artificially inflated its stock price. The case was settled in 2023 with Fifth Third paying $5.5 million.

The US Department of Justice and the Consumer Financial Protection Bureau announced an $18 million settlement in 2015 to resolve allegations of discrimination against African-American and Hispanic borrowers in Fifth Third's indirect auto lending business.

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Fifth Third was also sued by customers of its Early Access loan program, who claimed the program's 10% flat fee was deceptive. A jury found the bank breached its loan agreement, but ruled that customers were aware of the fee and were not awarded damages.

In 2024, the Minnesota Attorney General filed a lawsuit against Fifth Third subsidiary Dividend Finance and three other lending companies, alleging they charged Minnesotans $35 million in hidden fees on nearly 5,000 loans to finance sales of residential solar panels.

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Fifth Third Bank has a strong presence in the world of sports and entertainment through its naming rights and sponsorships.

The bank owns the naming rights to several iconic venues, including Fifth Third Field in Toledo, Ohio, home of the Toledo Mud Hens, and Fifth Third Arena on the campus of the University of Cincinnati, which hosts the Cincinnati Bearcats Athletics.

Fifth Third Bank Stadium in Kennesaw, Georgia, is another notable venue owned by the bank, serving as the home of the Kennesaw State Owls Athletics.

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The bank also has a significant presence in the world of professional sports, serving as the official bank of several teams, including the Cincinnati Bengals, Tampa Bay Buccaneers, and Los Angeles Lakers.

Here's a list of some of the notable teams and organizations that Fifth Third Bank sponsors:

We rate bank accounts on a scale from one to five stars, using a weighted average to get our star rating. This means we weigh certain features, like interest rates and fees, at a higher weight percentage than others.

Our bank account ratings methodology for checking, savings, and money market accounts evaluates factors such as overdraft fees for checking accounts and interest rates for savings and money market accounts.

We understand that these areas can more heavily impact a person's overall banking experience.

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Fifth Third Bank is a great choice for those who want to have all their accounts in one place, especially if you live in their coverage area in Indiana, Michigan, or Ohio, where it received the Gold rating for Best Banks by State 2025.

It's also worth noting that Fifth Third Bank's specialty products cater to specific banking needs, such as minors, students, and military members.

One of the bank's standout features is its accessibility, allowing customers to bank online or through the mobile app.

Fifth Third Bank has received top ratings from GOBankingRates, earning the Gold in Indiana, Michigan, and Ohio, the Silver in Florida, Illinois, Kentucky, and North Carolina, and the Bronze in Tennessee for Best Banks by State 2025.