Fifth Third Bank has a increased its checking account bonus to $500. This new bonus is twice as good as the previous offer, but it also requires a large balance of $15,000. See new offer.
Offer Requirements
To obtain the $500 bonus:
- Open an Essential Checking account must be opened between 6/19/2019 and 10/31/2019
- Reach a balance of $15,000 or more within 45 days of opening
- Maintain a balance of at least $15,000 for 90 days from the date the balance requirement is reached.
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 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 a pretty good bonus if you have $15,000 to keep in the account for three months. It’s a return of 13.3% APR, way better than you can get with any high yield accounts.
If this bonus is not for you, then you can check our full list of available bank bonuses. And, if you’re new to bank account bonuses, you can learn more about churning bank accounts here.
Offer Details
- Get Coupon
- Bonus: $500
- Account Type:Â Essential Checking
- Availability:Â FL, GA, IL, IN, KY, MI, NC, OH, TN, WV
- Expiration Date: 10/31/2019
- Inquiry Type:Â Soft pull
- Opening Deposit Credit Card Funding:Â No
- Direct Deposit Requirement: No
- Additional Requirements:Â $15K balance for 90 days
- Monthly Fee:Â There is an $11 monthly fee that can be waived with a balance of $1,500
- Closing Account Fee:Â None. Account must remain open for 90 days
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