Press release
Fifth Third Expands Free Checking Accounts
Bank Now Offers Free Option in All Markets CINCINNATI--(BUSINESS WIRE)-- Fifth Third Bank has expanded its Free Checking option to all of its retail markets.
About this update from Fifth Third Bancorp
[{"type":"text","content":"\nBank Now Offers Free Option in All Markets\n\n CINCINNATI--(BUSINESS WIRE)--\nFifth 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.\nThis 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)\n\nThe 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.\n\n\n“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.”\n\n\nThe average monthly cost of a checking account is $5.61 for non-interest bearing and $15 for interest-bearing accounts, according to Bankrate.\n\n\nFifth 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.\n\n\n“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.”\n\n\nNotices and Disclosures:\n\n\nNo minimum deposit required to open a checking or savings account. Account must be funded within 45 days of opening.\n\n\nMobile 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.\n\n\nAbout Fifth Third\n\n\nFifth 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 acces...