Fifth Third Essential Checking
in Checking Accounts from Fifth Third Bank · Member fdic
UnaffiliatedFifth Third Essential Checking
in Checking Accounts from Fifth Third Bank · Member FDIC
Would you recommend Fifth Third Essential Checking to your friends?
| Community Rating | Mostly not recommended |
| Monthly Fee | $0 - $11 |
| ATM Fee: Out-of-Network | $2.75 |
| Minimum Balance to Avoid Monthly Fee | N/A |
| APY (Annual Percentage Yield) | 0.01% |
| Number of Reviews | 8 |
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 is available in 10 states across the USA.
- 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, but there are ways to waive the fee.
- No minimum initial deposit. There is no minimum balance required to open an account.
- 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.
- Free bill pay. Pay your bills to practically anyone in the United States through Fifth Third Bank.
- Hard credit pull. Fifth Third Bank may require a hard pull on your credit report to open a checking account.
| Pros | Cons |
|---|---|
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Are checking accounts from Fifth Third Bank federally insured?
Yes, your Fifth Third Bank checking accounts 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?
| 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.
| Description | Amount |
|---|---|
| Minimum Opening Deposit | $0 |
| Minimum Combined Balance to Avoid Monthly Service Fee | $1,500 |
| Minimum Direct Deposit to Avoid Monthly Service Fee | $500 |
What fees does Fifth Third Essential Checking charge?
This account charges a monthly service fee of up to $11.
| Description | |
|---|---|
| ATM Fee: In-Network | $0 |
| Check Copy | $5 |
| Check Image Service | $2 |
| Debit Card Replacement Fee | $0 |
| Early Account Closure | $0 |
| Foreign Transaction Fee (Debit Card) | 3% |
| Monthly Fee | $0 - $11 |
| NSF Fee | $37 |
| Online Bill Pay Fee | $0 |
| Overdraft Item Fee | $37 |
| Overdraft Protection Fee (per transfer) | $12 |
| Paper Statement Fee | $5 |
| 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 |
| ATM Fee: Out-of-Network | $2.75 |
Does Fifth Third Essential Checking charge overdraft fees?
Yes, Fifth Third Essential Checking charges a $37 fee for every overdraft fee.Fifth Third Essential Checking offers 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 fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
- Free 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.
How do people rate the customer service and user experience of Fifth Third Essential Checking?
Overall, Fifth Third Essential Checking is mostly not recommended based on community reviews that rate customer service and user experience.
Contact
- Headquarters
-
38 Fountain Square Plaza
Cincinnati, OH 45263 - (866) 671-5353
- Visit Site
Other Services by Fifth Third Bank
Availability
- Florida
- Georgia
- Illinois
- Indiana
- Kentucky
- Michigan
- North Carolina
- Ohio
- Tennessee
- West Virginia
Feature Breakdown
| Minimum Combined Balance to Avoid Monthly Fee | $1,500 |
| Minimum Direct Deposit to Avoid Monthly Fee | $500 |
| Minimum Opening Deposit | Starting at $0 |
Fifth Third Essential Checking Community Reviews
Would you recommend Fifth Third Essential Checking to your friends?
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