Update on 12/29/2022 – Bonus is now being offered again and is valid till March 31, 2023. It has now been increased to $325. Link has been updated.
Note: They ended their offer for $375 bonus few days prior to the published end date. So we recommend to grab the offer as soon as possible.
Update on 11/01/22 – The bonus offer was ended before the official end date of Dec 31, 2022.
Fifth Third Bank
Fifth Third is offering a $325 bonus for opening their Momentum or Preferred Checking Account. The offer is valid both online and at Fifth Third branches (you need to get the code from the link and take it to the branch). To be eligible, you need to open the checking account and setup a direct deposit of at least $1,000 within 90 days of account opening.
Fifth Third has no account fees, no hidden fees and no minimum balance for the account. It also provides extra time to avoid overdraft fees as well as provides access to your eligible payroll direct deposits up to 2 days early with free Early Pay.
Fifth Third Checking Account Bonus Summary
Bonus – $325
Account – Momentum or Preferred Checking
Direct Deposit – Yes, at least $ 500 within 90 days
Availability – Select states (FL, GA, IL, IN, KY, MI, NC, OH, TN, WV, SC). Available online as well as at branches.
Offer Expiry – March 31, 2023
Account Fees – None
Checking Bonus Requirements
- Open a new Checking account online using the link or at Fifth Third branches with the code you receive at your email
- Get qualifying direct deposit of $500 within 90 days of account opening
Checking Account Fee | How to Avoid It?
- There is no account fees.
Early Account Termination Fees
There is no mention of early termination fees. We recommend keeping the account open for at least 90 days and if possible, for 180 days.
The Fine Print
To qualify for the $325 checking bonus, provide the offer code, open a Fifth Third Momentum® Checking, or Preferred2 checking account by 03/31/2023 and make direct deposits totaling $500 or more within 90 days of account opening. The $250 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). The cash bonus will be deposited into your new account within 10 business days of completing qualifying activity requirements. 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.
This is still an excellent offer – $325 for a direct deposit of $500 is an above average sign up bonus currently. Bonus also posts quickly. This offer is highly recommended as it is one of the best offer currently available.
Fifth Third Bank have offered up to $375 in the past but the last bonus offer was only for $250
Fifth Third Bank used to offer $300 bonus and increased it to $350 but recently upped its bonus even more to $375. This offer is highly recommended as it is one of the best offer in the market with $375 bonus for having direct deposit of $500 within 90 days.