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expired Posted by adit2628 • Jul 30, 2022
expired Posted by adit2628 • Jul 30, 2022

Fifth Third Bank: Open Eligible Checking Account + $500 Direct Deposit & Get

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$375 Cash Bonus

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Deal Details
Fifth Third Bank is offering a $375 Cash Bonus (deposited to your account) when you open an Eligible Checking account and Make Direct Deposits Totaling $500 or More Within 90 Days of Account Opening.

Thanks to Community Member adit2628 for finding this deal.
  • Open a new checking account by 9/30/2022.
  • Make direct deposits totaling $500 or more within 90 days of account opening.
  • The $375 bonus will be added to your new account within 10 business days of completing qualifying activity requirements.
  • Offer is valid in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina, and South Carolina only.
Offer Details:
  • To qualify for the $375 checking bonus, provide the offer code, open a Fifth Third Momentum Checking, or Preferred2 checking account by 9/30/2022 and make direct deposits totaling $500 or more within 90 days of account opening. The $375 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.
  • Fifth Third Preferred Checking is an interest-bearing checking account and all balances earn 0.01% Annual Percentage Yield (APY) in all markets. APYs are accurate as of 6/1/2022 and may change at any time.
  • Fifth Third Momentum Banking benefits are only available with Fifth Third Momentum Checking.
  • Fifth Third Extra Time gives you longer—anytime before midnight ET on the business day after your account is overdrawn—to make a deposit that brings your available balance to at least $0. You must deposit enough to cover all items that caused your overdraft plus any outstanding checks, automatic payments, or pending debit card purchases that may be presented that business day. Extra Time does not apply to items that are returned unpaid.
  • Fifth Third employs a number of fraud protection measures and offers you fee-free tools, such as alerts, to help protect your account. You may also enroll in Fifth Third Identity Alert, an optional, non-FDIC insured product, subject to additional fees, provided by Fifth Third's vendor, Trilegiant.
  • Early Pay grants you access to your eligible direct deposit payments up to two days prior to the scheduled payment date. Early availability is based on the timing of the payer's payment instruction and standard fraud prevention restrictions apply.
  • Certain restrictions and fees will apply. Fees are disclosed at the time of deposit. Deposits can be made in branch or via our mobile app. Mobile deposits are subject to Digital Services User Agreement; including applicable cut-off times.

Editor's Notes

Written by SlickDealio | Staff
  • About this Deal:

Original Post

Written by adit2628
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Fifth Third Bank is offering a $375 Cash Bonus (deposited to your account) when you open an Eligible Checking account and Make Direct Deposits Totaling $500 or More Within 90 Days of Account Opening.

Thanks to Community Member adit2628 for finding this deal.
  • Open a new checking account by 9/30/2022.
  • Make direct deposits totaling $500 or more within 90 days of account opening.
  • The $375 bonus will be added to your new account within 10 business days of completing qualifying activity requirements.
  • Offer is valid in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia, North Carolina, and South Carolina only.
Offer Details:
  • To qualify for the $375 checking bonus, provide the offer code, open a Fifth Third Momentum Checking, or Preferred2 checking account by 9/30/2022 and make direct deposits totaling $500 or more within 90 days of account opening. The $375 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.
  • Fifth Third Preferred Checking is an interest-bearing checking account and all balances earn 0.01% Annual Percentage Yield (APY) in all markets. APYs are accurate as of 6/1/2022 and may change at any time.
  • Fifth Third Momentum Banking benefits are only available with Fifth Third Momentum Checking.
  • Fifth Third Extra Time gives you longer—anytime before midnight ET on the business day after your account is overdrawn—to make a deposit that brings your available balance to at least $0. You must deposit enough to cover all items that caused your overdraft plus any outstanding checks, automatic payments, or pending debit card purchases that may be presented that business day. Extra Time does not apply to items that are returned unpaid.
  • Fifth Third employs a number of fraud protection measures and offers you fee-free tools, such as alerts, to help protect your account. You may also enroll in Fifth Third Identity Alert, an optional, non-FDIC insured product, subject to additional fees, provided by Fifth Third's vendor, Trilegiant.
  • Early Pay grants you access to your eligible direct deposit payments up to two days prior to the scheduled payment date. Early availability is based on the timing of the payer's payment instruction and standard fraud prevention restrictions apply.
  • Certain restrictions and fees will apply. Fees are disclosed at the time of deposit. Deposits can be made in branch or via our mobile app. Mobile deposits are subject to Digital Services User Agreement; including applicable cut-off times.

Editor's Notes

Written by SlickDealio | Staff
  • About this Deal:

Original Post

Written by adit2628

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Top Comments

That's their Preferred Checking. Their other product, Momentum Checking, is also eligible and has no fee.
Service charges waived if you achieve a combined total balance of at least $100,000 across your deposit and investment accounts one time per month.2
Otherwise, it's $25 per month.
Just commenting on 5/3 themselves, but I had a pretty bad experience with them. The bank sent me an official bounced check that took over a month and multiple calls to CS to resolve. I stay far and away from doing biz with them again.

182 Comments

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Jul 30, 2022
1,187 Posts
Joined Oct 2014
Jul 30, 2022
cannono
Jul 30, 2022
1,187 Posts
Quote from Selman :
That's surprising to me. I guess their loans and investment side is big enough to sustain them. Or, in the case of Wells Fargo, their ability to commit fraud.

CapitalOne pays 1.3%.
CapitalOne has very few locations. That's typically how it goes - primarily online banks pay higher interest, but have limited cash deposit or withdrawal and few branches. I mostly use online banks, but keep one physical bank for the cash atm network they offer.
Jul 30, 2022
1,187 Posts
Joined Oct 2014
Jul 30, 2022
cannono
Jul 30, 2022
1,187 Posts
I signed up and the password to log in isn't working, and it rejects my info during the password reset. I'm using the account number it gave me at signup…
1
Jul 30, 2022
1,497 Posts
Joined Nov 2011
Jul 30, 2022
Turbotalon
Jul 30, 2022
1,497 Posts
If you hate cash and never go to a bank in person Ally has 1.4% for savings 🥳
Jul 30, 2022
1,497 Posts
Joined Nov 2011
Jul 30, 2022
Turbotalon
Jul 30, 2022
1,497 Posts
Quote from Rookies1000 :
Also remember, the bonus is usually taxed. They report to IRS. Learned this the hard way with Well Fargo and Chase checking account bonuses.
Yes! I did one of these a few years ago and WF sent me the 1099 like two months after I had already filed my taxes. Had to amend my return 😭 Huge PITA.
Jul 30, 2022
7,449 Posts
Joined Sep 2008
Jul 30, 2022
DogAndPony
Jul 30, 2022
7,449 Posts
Quote from Turbotalon :
Yes! I did one of these a few years ago and WF sent me the 1099 like two months after I had already filed my taxes. Had to amend my return 😭 Huge PITA.
I would not have even bothered. Would the IRS come after you for $50?
Jul 30, 2022
616 Posts
Joined Mar 2012
Jul 30, 2022
nichos
Jul 30, 2022
616 Posts
Quote from Turbotalon :
If you hate cash and never go to a bank in person Ally has 1.4% for savings 🥳
As does discover bank and American express HYSA.

If someone needs the services of a "traditional" bank, go to your local credit union.
Jul 30, 2022
2,853 Posts
Joined Nov 2009
Jul 30, 2022
cobra11murderer
Jul 30, 2022
2,853 Posts
Can I do this if all I have with them is a car loan?

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Jul 30, 2022
7,512 Posts
Joined Dec 2011
Jul 30, 2022
SAN_MARINO
Jul 30, 2022
7,512 Posts
Quote from rkster09 :
Service charges waived if you achieve a combined total balance of at least $100,000 across your deposit and investment accounts one time per month.2
Otherwise, it's $25 per month.
You gotta be rich to waive the $25 fee. Forget it!
Jul 31, 2022
486 Posts
Joined Dec 2006
Jul 31, 2022
Zurg
Jul 31, 2022
486 Posts
Interestingly a week ago I got a mailer from Key Bank for getting $500 with a $500 direct deposit offer for a new account. Seems like banks in the area are competing for new accounts.
Jul 31, 2022
1,118 Posts
Joined Jan 2014
Jul 31, 2022
kellybrf
Jul 31, 2022
1,118 Posts
Quote from SubwayRider :
How long Must account remain open to keep the bonus ? Couldn't find in the fine print
you can close it immediately, and it's actually pretty painless. I did this a few months back when it was $300, and my wife did it about a month ago for the $375. turned off direct deposit, transferred the money out and then chatted with a rep online who closed it right away.
Jul 31, 2022
742 Posts
Joined Dec 2006
Jul 31, 2022
mather
Jul 31, 2022
742 Posts
Does the Momentum provide free starter paper checks?
Jul 31, 2022
3,229 Posts
Joined Mar 2013
Jul 31, 2022
Bulletproof23
Jul 31, 2022
3,229 Posts
Quote from DogAndPony :
I would not have even bothered. Would the IRS come after you for $50?
That 50 will accrue interest and penalties and will become a pain if you get audited few years afterwards. Never mess with the IRS.
Jul 31, 2022
1,470 Posts
Joined Nov 2015
Jul 31, 2022
Doug5421
Jul 31, 2022
1,470 Posts
Had an account & had a fraudulent charge immediately after receiving card. Never used it nor put #s into any device….. Shady.. Cancelled account soon after.
Jul 31, 2022
1,266 Posts
Joined Nov 2014
Jul 31, 2022
ilya0002
Jul 31, 2022
1,266 Posts
Your Application Can't Be Completed Online
We're sorry for the inconvenience, but at this time we are not able to process your application online. Please choose from one of the following ways to contact us, so that we can help you to understand your options.

Never sent me some kind of a verification link to my cellphone, when I tried to resend, popped me up with "Message limit exceeded"

I wonder if this deal is supposed to be a PITA to get lol...

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Jul 31, 2022
2,164 Posts
Joined Mar 2012
Jul 31, 2022
djsvetljo
Jul 31, 2022
2,164 Posts
Quote from nichos :
As does discover bank and American express HYSA.

If someone needs the services of a "traditional" bank, go to your local credit union.
I think Discover is 1.3

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