Fifth Third Bank Review

Learn about Fifth Third Bank small business banking. Includes info on Fifth Third Bank, reviews, and FAQs.

Updated on June 26th, 2020

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Fifth Third Bank is a regional bank with 1,200 full-service locations across 10 states. Fifth Third Bank offers a wide array of banking products and services that include business checking and savings accounts, lines of credit, cash management and financing solutions.

Fees:

Account

Monthly Fee

Relationship Savings

$0.00

Business Savings

$5.00*

Money Market

$10.00*

Business Standard Checking Account

$11.00*

Business Premium Checking Account

$25.00*

Business Elite Checking Account

$35.00*

*Monthly fee may be waived if certain criteria are met.

You can find Fifth Third Bank's CD rates here or contact Fifth Third Bank customer service directly for more information.

Fifth Third Bank
Review:

Pros: Offers CDs with flexible terms and $500.00 minimum investment. 1,200 full-service locations. Access to more than 50,00 fee-free ATMs.

Cons: High checking account fees and notable requirements for monthly service fees to be waived.

Bottomline: Fifth Third Bank has a strong presence across the 10 states in which it operates and offers a wide array of business banking, lending, and cash management solutions.

Features & Benefits:

Commercial Banking Resources & Solutions.

Fifth Third Bank has a commercial banking resource center that keeps businesses updated on industry news. They also have teams of financial and capital market professionals who can provide clients with expert advice on commercial solutions.

HR & Payroll Services.

Fifth Third Bank's employee benefit solutions include HR and payroll services powered by Paycor, making it easy for businesses to manage payroll, time-keeping, and reporting activities.

Online & Mobile Banking.

Fifth Third Bank's online and mobile banking capabilities allow for fast and convenient banking.

Key Information:

Legal Name

Fifth Third Bank

Founder

William Scarborough

Founding Date

Jan 01, 1858

Address

38 Fountain Square Plaza, Cincinnati, Ohio United States

Number of Employees

10000

Number of Customers

2000000

Telephone

1 (877) 534-2264

Website

https://www.53.com/content/fifth-third/en.html

FAQs:

Does Fifth Third Bank do cash advances?

Eligible customers can take an advance which will be available to them immediately.

Is Fifth Third Bank real?

Yes, Fifth Third Bank is a Cincinnati-based regional bank with over 1,200 locations across 10 states offering a wide range of personal and business banking products and services.

Why is it Fifth Third Bank?

Third National Bank and Fifth National Bank merged in 1908 to form Fifth Third Bank.

What are the CD rates at Fifth Third Bank?

You can find Fifth Third Bank's CD rates on their website or you can contact Fifth Third Bank's customer service directly.

What is Fifth Third Bank's routing number?

You can find Fifth Third Bank's routing numbers by region on their website.

Is Fifth Third Bank FDIC-insured?

Yes, Fifth Third Bank is FDIC-insured.

What states is Fifth Third Bank in?

  • Ohio.
  • Florida.
  • Georgia.
  • Illinois.
  • Indiana.
  • Kentucky.
  • Michigan.
  • North Carolina.
  • Tennessee.
  • West Virginia.

Who started Fifth Third Bank?

William Scarborough founded the Bank of the Ohio Valley in 1858, which merged with Third National Bank in 1871 and with Fifth National Bank in 1908, giving rise to Fifth Third Bank.

How many employees does Fifth Third Bank have?

Fifth Third Bank has over 10,000 employees.

Does Fifth Third Bank use Zelle?

Yes, Fifth Third Bank customers can use Zelle to send and receive money through the Fifth Third mobile banking app.

Who is the president of Fifth Third Bank?

Greg Carmichael is the current president and CEO of Fifth Third Bank.

What is the interest rate on a savings account at Fifth Third Bank?

You can request the interest rates and Annual Percentage Yields (APYs) from Fifth Third Bank directly.

Where is the Fifth Third Bank headquarters located?

Fifth Third Bank's headquarters are in Cincinnati, Ohio.

Is Fifth Third Bank a commercial bank?

Yes, Fifth Third Bank is a commercial bank.

When was Fifth Third Bank established?

Fifth Third Bank was founded in 1858 as Bank of the Ohio Valley and became Fifth Third Bank in 1908.

What are some Fifth Third Bank alternatives?

Which Fifth Third Banks are closing?

After its purchase of MB Financial in May 2018, Fifth Third Bank announced that it will be closing 47 branches in the suburbs of Chicago, Illinois, and Northwest Indiana.