Fifth Third Bank Adds 43,000 Fee-Free Allpoint® ATMs
July 11 2016 - 9:11AM
Business Wire
Bank Now Offers Access to More Than 45,000
Fee-Free ATMs Nationwide
Fifth Third Bank will offer its customers access to more than
45,000 fee-free ATMs nationwide beginning this month as it joins
the Allpoint® ATM network.
Allpoint®, the world’s largest surcharge-free ATM network, will
add 43,000 new ATM locations across the country to Fifth Third
customers. Fifth Third has 2,500 ATMs and partners with grocery
store chain Publix for another 1,100 ATMs.
“Consumers don’t want to pay to access their own money,” said
Chad Borton, head of the Consumer Bank and executive vice president
for Fifth Third Bancorp. “Fifth Third recognizes that our customers
want to be able to withdraw money where and when it’s convenient
and easy for them without paying a fee. Our expansion with
Allpoint® will give our customers fee-free ATM access virtually
anywhere in the U.S.”
The new ATM network will be within Fifth Third’s footprint, as
well across the nation from San Diego to New York City.
Finding a fee-free ATM will be quick and easy for Fifth Third
customers. They can use the ATM locator on 53.com, which will
include all Fifth Third ATMs and partner ATMs, which are all
fee-free. In early August, this information will also be available
through the Fifth Third mobile banking app.
In the Greater Cincinnati Metro Area, for example, Allpoint®
adds 302 fee-free ATMs to Fifth Third’s network. In Cincinnati,
fee-free ATMs will be available in Target, Walgreens and CVS
stores, as well as select BP and Marathon stations and other
businesses.
ATM fees can be a big frustration for consumers, with an average
national ATM surcharge and financial institution fee of $4.52 per
transaction. A Fifth Third customer withdrawing money once a week
from a fee-free ATM could save about $235 a year.
Some Allpoint® ATMs may be branded by another financial
institution or retailer; as long as the Allpoint® name or logo is
on the machine, it is free to Fifth Third customers.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. The Company has $142 billion in
assets and operates 1,241 full-service Banking Centers, including
95 Bank Mart® locations, most open seven days a week, inside select
grocery stores and over 2,500 ATMs in Ohio, Kentucky, Indiana,
Michigan, Illinois, Florida, Tennessee, West Virginia,
Pennsylvania, Georgia and North Carolina. Fifth Third operates four
main businesses: Commercial Banking, Branch Banking, Consumer
Lending, and Investment Advisors. Fifth Third also has an 18.3%
interest in Vantiv Holding, LLC. Fifth Third is among the largest
money managers in the Midwest and, as of March 31, 2016, had $303
billion in assets under care, of which it managed $26 billion for
individuals, corporations and not-for-profit organizations.
Investor information and press releases can be viewed at
www.53.com. Fifth Third’s common stock is traded on the Nasdaq®
Global Select Market under the symbol “FITB.” Fifth Third Bank was
established in 1858. Member FDIC, Equal Housing Lender.
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version on businesswire.com: http://www.businesswire.com/news/home/20160711005762/en/
Fifth Third BankLaura Trujillo,
513-534-4361Laura.trujillo@53.com
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