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  Fifth Third Essential Checking
Fifth Third Essential Checking
in Checking Accounts from Fifth Third Bank · Member FDIC
Unaffiliated

Fifth Third Essential Checking

Unaffiliated
in Checking Accounts from Fifth Third Bank · Member FDIC
SuperMoney Net Recommendation Score +10  

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly recommended by SuperMoney users with a score of +10, equating to 3.2 on a 5 point rating scale.

+10

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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Highlights
Community Rating Mostly recommended
Cashback Rewards N/A
APY (Annual Percentage Yield) 0.01%
(Verified 07/26/2022)
Monthly Fee $0 - $11
Minimum Balance to Avoid Monthly Fee N/A
Number of Reviews 10

Fifth Third Essential Checking Review

Fifth Third Essential Checking is offered by Fifth Third Bank, a bank founded in 1858 and based in Cincinnati, OH. Fifth Third Essential Checking are available in 10 states across the USA.

Key Takeaways

  • Bonus offer. Open a new account and you can get
  • Low APY. The maximum annual percentage yield for this account is only 0.01%.
  • Charges a monthly fee. This account charges a monthly service fee of up to $11.
  • No minimum initial deposit. There is no minimum balance required to open an account online.
  • No ATM fees. Fifth Third Essential Checking does not charge fees on ATM transactions within its network but there is a fee of up to $2.75 for out-of-network ATM transactions.
  • Bill pay. Pay your bills to practically anyone in the United States through Fifth Third Bank.

Fifth Third Essential checking Pros & Cons

Pros Cons
  • Interest-yielding account.
  • Access to physical branches.
  • Free debit card
  • No signup bonus.
  • Only available in 10 states.
  • Higher than average wire transfer fees.
  • Monthly service charge (if minimums are not met).
  • Charges a higher than average fee on out-of-network ATM transactions.

Fifth Third Essential checking FAQ

Are checking accounts from Fifth Third Bank federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Fifth Third Essential checking offer?

Fifth Third Essential Checking Rates & Terms
Description
APY (Annual Percentage Yield) 0.01%

Fifth Third Essential checking offers an APY of 0.01% (APY stands for annual percentage yield, rates may change).

What are the account minimums for Fifth Third Essential checking?

Fifth Third Essential checking does not require a minimum initial deposit.

Fifth Third Essential Checking Minimums
Description
Minimum Opening Deposit Starting at $0
Minimum Combined Balance to Avoid Monthly Fee $1,500
Minimum Direct Deposit to Avoid Monthly Fee Starting at $500

What fees does Fifth Third Essential checking charge?

This account charges a monthly service fee of up to $11.

Fifth Third Essential Checking Fees
Description
Monthly Fee $0 - $11
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $2.75
Foreign Transaction Fee (Debit Card) 3%
NSF Fee $37
Overdraft Item Fee $37
Overdraft Protection Fee (per transfer) $12
Returned Deposit Fee (Domestic) $15
Returned Deposit Fee (International) $15
Stop Payment Fee $33
Wire Transfer Fee - Domestic (Incoming) $15
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $15
Wire Transfer Fee - International (Outgoing) $85
Paper Statement Fee $5
Online Bill Pay Fee $0
Check Copy $5
Check Image Service $2
Debit Card Replacement Fee $0
Early Account Closure $0

Does Fifth Third Essential checking charge overdraft fees?

Yes, Fifth Third Essential checking charges a $37 fee for every overdraft. You can get overdraft protection at a cost of $12 per transaction.

What features and perks does Fifth Third Essential checking offer?

This account includes the following features:

  • Check images with statement - Reconciling your accounts and complying with document retention standards is easier when you have access to a copy of your checks.
  • Fraud monitoring - Fifth Third Essential checking monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Fifth Third Essential checking allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.
  • Nationwide ATM network - Conveniently transact at a nearby ATM.

What is the customer support email for Fifth Third Essential checking?

The customer support email for Fifth Third Essential checking is info@53.com.

How do people rate the customer service and user experience of Fifth Third Essential checking?

Overall, Fifth Third Essential checking is mostly recommended based on community reviews that rate customer service and user experience.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 10 states
  • Florida
  • Georgia
  • Illinois
  • Indiana
  • Kentucky
  • Michigan
  • North Carolina
  • Ohio
  • Tennessee
  • West Virginia

Feature Breakdown

Minimum Opening Deposit Starting at $0
Minimum Combined Balance to Avoid Monthly Fee $1,500
Minimum Direct Deposit to Avoid Monthly Fee Starting at $500
Monthly Fee $0 - $11
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $2.75
Foreign Transaction Fee (Debit Card) 3%
NSF Fee $37
Overdraft Item Fee $37
Overdraft Protection Fee (per transfer) $12
Returned Deposit Fee (Domestic) $15
Returned Deposit Fee (International) $15
Stop Payment Fee $33
Wire Transfer Fee - Domestic (Incoming) $15
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $15
Wire Transfer Fee - International (Outgoing) $85
Paper Statement Fee $5
Online Bill Pay Fee $0
Check Copy $5
Check Image Service $2
Debit Card Replacement Fee $0
Early Account Closure $0
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • No ATM Fees
  • Free Bill Pay
  • Mobile Check Deposit
  • Interest Bearing Account
  • Nationwide ATM Network
  • Check Images with Statement
  • Mobile Banking
  • Fraud Monitoring
  • IRAs
  • Debit Card
  • Bauer Financial A+/A Rating
  • Branch Access
  • Member FDIC
Signup Bonus Starting at $0
APY (Annual Percentage Yield) 0.01%
(Verified 07/26/2022)

Fifth Third Essential Checking Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly recommended by SuperMoney users with a score of +10, equating to 3.2 on a 5 point rating scale.

+10

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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