Fifth Third Bank has a new checking account bonus for $200. This is not the best bonus they’ve had, but requirements are easy and there’s no direct deposit requirement.

Offer Requirements

To obtain the $200 bonus:

• Deposit(s) totaling $500 or more must be received within 45 days of account opening AND
• Maintain a $500 minimum balance for 60 days.

No minimum deposit to open a checking account. Bonus will be deposited into your new checking account within 10 business days of completing qualifying activity requirements. Bonus may be taxable as interest income and reported on IRS Form 1099-INT. 

Account must be opened by phone or in branch. You need to first request your coupon here.

Eligibility

Offer is available to residents in the following states; FL, GA, IL, IN, KY, MI, NC, OH, TN, WV

Offer not available to existing checking customers or to those with a Fifth Third Checking account that has been closed within the last 12 months.

Fees

Fifth Third Essential Checking® account has a $11 monthly service charge. This charge is reduced to $8 per month with a monthly direct deposit totaling $500 or more or it is completely waived with any of the following:

• Maintain a combined monthly average balance of $1,500 across your deposit and investment accounts
• Spend at least $500 per month on a Fifth Third credit card
• Have any existing Fifth Third personal mortgage, auto loan or line of credit with an outstanding balance
• Are a current or former U.S. military member with monthly direct deposits totaling $500 or more
• Participate in your employer’s Fifth Third banking benefits program with monthly direct deposits totaling $500 or more
• Are a student with a valid student ID
• Have a Business Premium or Business Elite Checking account and have completed a relationship consent form.

Guru’s Wrap-Up

This is not the best offer they’ve had. We’ve seen $250 and $300 in the past I believe. But at least this offer doesn’t require a direct deposit, so it is a good offer nonetheless. You can still wait for a better bonus, I think we should see one soon.

If this bonus is not for you, then you can check our full list of available bank bonuses.

Offer Details

• Get  Coupon
• Account Type: Essential Checking
• Availability: FL, GA, IL, IN, KY, MI, NC, OH, TN, WV
• Expiration Date: 09/30/16 12/31/16 3/31/17 3/31/18
• Inquiry Type: Soft pull
• Opening Deposit Credit Card Funding: No
• Direct Deposit Requirement: No
• Monthly Fee: There is an $11 monthly fee that can be waived with a balance of $1,500
• Additional Requirements: $500 deposit within 45 days and $500 balance for 60 days
• Closing Account Fee: None. Account must remain open for 90 days

HT: DoC

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