Fifth Third Expands Free Checking Accounts
February 25 2020 - 9:00AM
Business Wire
Bank Now Offers Free Option in All Markets
Fifth Third Bank has expanded its Free Checking option to all of
its retail markets. The Bank created the account to make banking
simpler for customers.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20200225005112/en/
Brian Lamb is the head of Retail Banking
for Fifth Third Bank. (Photo: Business Wire)
The Bank launched Free Checking last year in select markets and
now is expanding the account to all customers in its 10 states from
the Midwest to the Southeast.
“We understand that our customers value a checking account that
is simple and straightforward,” said Brian Lamb, head of Retail
Banking for Fifth Third. “So we created Free Checking, with no
monthly maintenance fees, no minimum balances, and no hoops to jump
through to get that benefit.”
The average monthly cost of a checking account is $5.61 for
non-interest bearing and $15 for interest-bearing accounts,
according to Bankrate.
Fifth Third’s new Free Checking account includes full services
at the Bank’s branches as well as the bank’s award-winning mobile
app, bill pay, and other services.
“Our goal is to play a meaningful role in the lives of customers
to become financially empowered,” Lamb said. “This account provides
a valuable solution so we can continue to help our customers pursue
their dreams.”
Notices and Disclosures:
No minimum deposit required to open a checking or savings
account. Account must be funded within 45 days of opening.
Mobile internet data and text messaging charges may apply.
Please contact your mobile service provider for details. To use the
mobile app or web you must have previously logged onto Internet
Banking through 53.com.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio, and the indirect parent company
of Fifth Third Bank, National Association, a federally chartered
institution. As of December 31, 2019, Fifth Third had $169 billion
in assets and operated 1,149 full-service banking centers and 2,481
ATMs with Fifth Third branding in Ohio, Kentucky, Indiana,
Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and
North Carolina. In total, Fifth Third provides its customers with
access to approximately 53,000 fee-free ATMs across the United
States. Fifth Third operates four main businesses: Commercial
Banking, Branch Banking, Consumer Lending and Wealth & Asset
Management. Fifth Third is among the largest money managers in the
Midwest and, as of December 31, 2019, had $413 billion in assets
under care, of which it managed $49 billion for individuals,
corporations and not-for-profit organizations through its Trust and
Registered Investment Advisory businesses. 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.
Deposit and Credit products are offered by Fifth Third Bank,
National Association. Member FDIC.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200225005112/en/
Laura Trujillo (Media Relations) Laura.Trujillo@53.com |
513-534-NEWS
Fifth Third Bancorp (NASDAQ:FITB)
Historical Stock Chart
From Mar 2024 to Apr 2024
Fifth Third Bancorp (NASDAQ:FITB)
Historical Stock Chart
From Apr 2023 to Apr 2024