Newest Fifth Third Bank Promotions, Bonuses, Offers and Coupons: January 2021

Fifth Third Bank promotions

Fifth Third Bank is a full-service national bank serving personal and business customers in 10 U.S. states. It boasts more than 1,200 branch locations in Ohio, Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Tennessee and West Virginia. Fifth Third Bank offers all the savings and lending options you’d expect from an institution with over $200 billion in assets.

When people think of bank accounts, they often think about fees and surcharges associated with the account. Rarely do people think of their bank accounts as a way to earn money, apart from interest payments in a high-yield savings account.

But if you pay attention to promotional offers, you can learn how to earn hundreds — just from opening an account. During an economic downturn when every penny counts, that extra cash could help. Here are the promotions Fifth Third is offering this month.

Fifth Third Checking Account: $250 Bonus

This cash bonus is available to customers who open a new Fifth Third Essential, Enhanced, Preferred, Free Checking or Free Checking plus Extra Time checking account and meet the promotional criteria.

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  • Cash value: $250
  • Expiration date: March 31
  • How to get it: Request a Fifth Third Bank coupon code on the bank’s website, which you’ll receive by email. Use the code to open a checking account and make direct deposits of $1,000 or more within the first 60 days.
  • When you’ll get it: Within 10 business days of qualifying
  • Terms and conditions: Offer is only available to new Fifth Third checking customers. You must present your unique offer code when opening account to receive the bonus.
  • Monthly fee: $0-$25, depending on the account chosen. Fees can be waived by meeting certain balance or deposit requirements.
  • Promotion page: Fifth Third Checking Account bonus offer

Fifth Third Goal Setter Savings: Interest Match Bonus

Setting achievable goals is an important part of financial planning. This promotion allows you to set a personal savings goal ranging from $500 to $25,000 and pays you a one-time bonus when you reach it that matches all the interest you’ve earned.

Be aware, however, that you must visit a Fifth Third branch or call 800-972-3030 to make a withdrawal. As the name implies, the savings account is a great way to achieve long-term savings goals, but it may not be the best place to stash the emergency money that you may need quickly.

  • Cash value: Varies by goal and interest rate
  • Expiration date: None
  • How to get it: Set a savings goal between $500-$25,000 and reach it over time.
  • When you’ll get it: During the statement cycle after you reach your goal
  • Terms and conditions: Account must be funded within 45 days of opening.
  • Monthly fee: $5, but can be waived if a $500 balance is maintained, you have a Fifth Third Checking account or an Express Banking account, someone under age 18 is the owner of the account or you are enrolled in Fifth Third Military Banking.
  • Promotion page: Fifth Third Goal Setter Savings bonus offer

Fifth Third Preferred Cash/Back Card: 2% Unlimited Cash Back

Available only to preferred Fifth Third customers with an eligible checking or savings account, this cash rewards card delivers 2% cash back on every purchase with no limits to how much you can earn, no spending categories and no expiration dates for your rewards.

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No annual fee and no international transaction fees on credit card purchases apply. Plus, the card includes other benefits, such as cellphone protection, contactless payments and Mastercard’s renowned concierge service.

  • Cash value: Varies
  • Minimum spend to qualify: None
  • Expiration date: None
  • How to get it: Apply online, call 866-671-5353 or visit a Fifth Third branch.
  • When you’ll get it: Redeem rewards as desired through the Fifth Third online redemption center for a statement credit or cash back.
  • Terms and conditions: Available only to Fifth Third customers with an eligible checking and savings account who are not existing Fifth Third credit card holders.
  • Annual fee: $0
  • Promotion page: Fifth Third Preferred Cash/Back Card

Fifth Third Cash/Back Card: 1.67% Unlimited Cash Back

The Fifth Third Cash/Back Mastercard allows unlimited cash-back rewards of 1.67% on every purchase. It is available only to qualified Fifth Third checking or savings account customers.

Like the Preferred card, the Cash/Back card has no rotating spending categories, no limit on earnings and no expiration on cash-back rewards. It also delivers all the benefits of the Mastercard Concierge program, identity theft protection and cellphone coverage.

  • Cash value: Varies
  • Minimum spend to qualify: None
  • Expiration date: None
  • How to get it: Apply online, call 866-671-5353 or visit a Fifth Third branch.
  • When you’ll get it: Redeem rewards as desired through the Fifth Third online redemption center for a statement credit or cash back.
  • Terms and conditions: You must be a Fifth Third checking or savings account holder to qualify.
  • Annual fee: $0
  • Promotion page: Fifth Third Cash/Back Card

How To Open a Fifth Third Bank Account

All Fifth Third Bank accounts can be opened online or in-person at a local branch. Read all of the terms and conditions carefully before applying for any bank account to ensure it’s the best one for your financial needs.

Regardless of what method you chose to open your account, you’ll need to provide the following information for each account holder:

  • Driver’s license, passport or other government-issued photo ID
  • Social Security number
  • Method for funding your account

Are Fifth Third Bank Bonuses Right for You?

While the extra cash can be tempting, Fifth Third Bank’s cash bonuses and promotions shouldn’t be the only reason you choose to bank there. It’s important to review the bank’s products and services to see if they’re a match for your financial situation. Then, and only then, should you consider applying.

Information on promotions is accurate as of Jan. 20, 2021. Additional requirements may apply. Offers and terms are subject to change.

This content is not provided by Fifth Third Bank. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Fifth Third Bank.

This article has been updated with additional reporting since its original publication.

About the Author

Cynthia Paez Bowman is a personal finance writer with degrees from American University in international business and journalism. Besides writing about personal finance, she writes about real estate, interior design and architecture. Her work has been featured in MSN, Brex, Freshome, MyMove, Emirates’ Open Skies magazine and more.

Newest Fifth Third Bank Promotions, Bonuses, Offers and Coupons: January 2021
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