Posted by William Charles on April 2, 2018
Bank Account Bonuses

Published on April 2nd, 2018 | by William Charles

340

[FL, GA, IL, IN, KY, MI, NC, OH, TN, WV] Fifth Third $250 Checking Bonus – Direct Deposits Not Required

Update 04/02/18: Bonus is now $250 instead of $200. Can be opened online (e-mail yourself a coupon and then follow the prompts)

Update 01/07/18: Bonus is back but is now only $200 instead of $300. Might be worth waiting for a bigger bonus to come along.

Bonus has been increased to $300 and can be opened online again! Hat tip to reader Yaobang. Looks like $300 offer is only showing for some people, try incognito mode or google search for ‘Fifth Third’ or ‘Fifth Third $300’ and see if there is an ad for the offer or look at the comments for more ideas.

Offer at a glance

  • Maximum bonus amount: $300
  • Availability: Only in the following states: FL, GA, IL, IN, KY, MI, NC, OH, TN, WV (may be only for those within a 50-mile radius of a branch).
  • Direct deposit required: None
  • Additional requirements: Maintain $500 balance for 60 days
  • Hard/soft pull: Soft
  • ChexSystems: Yes
  • Credit card funding: None
  • Monthly fees:
  • Early account termination fee: None listed
  • Household limit: None
  • Expiration date: September 30th, 2017 December 31st, 2017. March 31st, 2018 June 30th, 2018Note these offers are known to expire earlier than the expiration date so do not leave it to the last minute.

The Offer

Direct link to offer

  • Fifth Third is offering a $250 bonus when you open a new Fifth Third Essential checking account when you complete the following requirements:
    • Make deposits totaling $500 or more within 45 days of account opening
    • Maintain an average balance of $500 for 60 days

 

The Fine Print

  • Offer not available to existing checking or Express Banking customers or to those with a Fifth Third Checking or Express Banking account that has been closed within the last 12 months.
  • Bank reserves the right to limit each customer to one new account-related gift incentive per calendar year.
  • Essential Checking account must be opened between 3/29/2018 and 6/30/2018.
  • Bonus will be deposited into your new checking account within 10 business days of completing requirements.
  • Basic Checking, Express Banking and Business Checking accounts are excluded from this offer.
  • Bonus may be taxable as interest income and reported on IRS Form 1099-INT.

Avoiding Fees

Essentials Checking $11 Monthly Fee

Essential Checking account is required for this bonus and has an $11 monthly fee. The fee can be waived by maintaining an average monthly balance of $1,500 or more across your savings and checking accounts.

Early Account Termination Fee

This account does not have an early account termination fee

Our Verdict

Personally given that there was recently a $300 bonus with the same requirements, it’s worth waiting to see if they will come back with a similar offer in my opinion. Because of that I won’t be adding it to our best bank account bonuses available. $250 is more competitive than the $200 they recently offered, but I’d probably still hold off for the $300 offer to return.

Big thanks to reader, Andrew D, Corridor & DDG  who let us know. Learn how to find bonuses and contribute to the site here.

Useful posts regarding bank bonuses:



340
Leave a Reply

avatar
 

  Subscribe  
newest oldest
Notify of

When I click on the link, the graphic shows direct deposit of $1000 or more and the T&Cs state

“To obtain the $200 bonus, direct deposit(s) totaling $1,000 or more must be received within 45 days of account opening; qualifying direct deposits are Automated Clearing House (ACH) credits, which may include payroll, pension or government payments (such as Social Security) by your employer, or an outside agency.”

Still doable though for most people.

brian richardson
brian richardson

the offer is better if you have the 1000 bucks to DD as there is no requirement to keep it there.

if i launch in incognito mode i get this: https://imgur.com/a/b0KYF

says 10 days after you DD 1000$ you will have the bonus posted. then i assume you can cancel without an early termination fee. FYI

I can pull up an offer requiring 500 direct deposit and another for 1,000 direct as well. Can’t get the 500 regular deposit offer to show.

Note: Keep trying. I eventually got it to show the $500 regular deposit offer with maintaining $500 balance for 60 days. I saw four different offer types

I got the $1000 version, but it may not matter if we need a $1500 balance to avoid the monthly fee, right?

Doesn’t matter if its no big deal to do an additional $500 in DD.

I still have an offer I need to go in-branch for where I deposit $50 and get $200. I might as well do it, eat the fee so I don’t have to move money over, and close within a month.

You can usually call to reverse one fee, too. Worth a few minutes to get the full bonus without any fees.

can you get this bonus if your wife/family member signs up? Originally I got the last bonus but want to know if 2 bonuses could be issued (per family)

In the zip code area it tells me they are unable to open my account online but they are happy to help me in a branch. Would this offer work in a branch?

Really sucks, i just confirmed there’s a branch 22 miles away.

nevermind about the in brach part, duh, just saw the email offer

Be careful with this… even though the online offer said deposits totaling $500 or more, the emailed coupon I got said DIRECT deposits totaling $500 or more. Just noticed the fine print in the email is different from the online offer.

I played with it and I got the $1000 deposit offer to email correctly. The $500s always email as DD

How did you do it? I’ve tried like 5 times now…

The first section in the fine print says deposits, but the second section always seems to say direct deposit.

Here is the text for my offer. Not sure if it is worth the 95mi trip each way into rural IL though:

Qualifying activity: 1.) have deposits totaling $1,000 or more made to this account within 45 days of account opening AND 2.) a $1,000 average balance maintained for 60 days.

Bonus/Account Information: Offer not available to existing checking or Express Banking customers or to those with a Fifth Third Checking® or Express Banking account that has been closed within the last 12 months. Bank reserves the right to limit each customer to one new account-related gift incentive per calendar year. Essential Checking account must be opened between 07/24/17 and 09/30/17. To obtain the $200 bonus, deposit(s) totaling $1,000 or more must be received within 45 days of account opening AND maintain a $1,000 average balance for 60 days. Bonus will be deposited into your new checking account within 10 business days of completing requirements. Basic Checking, Express Banking and Business Checking accounts are excluded from this offer. Checking accounts may have monthly fees. Bonus may be taxable as interest income and reported on IRS Form 1099-INT. Consult your tax adviser. See your banker for details. Not valid with any other offer.

note no mention if DD in that email.

Anyone ever had any luck calling to apply and getting the promo? I filled out my application and then after submitting it said it couldn’t be completed. Nearest branch is about 60 miles away.

Did you do it yet? I emailed myself the code and called in to open

My online app didn’t work either. Phone is fine.

Head’s up DoC. T&C have been updated to require a DIRECT deposit of $500. FYI.

Something must be wrong here – I have 8 branches within 30 miles of me and it tells me:

Unfortunately, we are unable to open your account online at this time. However, we’d be happy to help you in a Fifth Third Branch.

I will check back to see if they fix their online application process.

I’m getting the same message when I enter zip code, plenty of 5/3 branches just a few miles from my home (I’m in FL)

Had the same issue. Emailed myself the code and called in to open, giving the rep the code.

Oh wow all the locations in STL closed down. No wonder it wouldn’t approve me. Oh well.

I’m a little confused about the problems people are having in the comments above. When applying online it requires a $1,000 DD, not a $500 DD?

I kept getting the $1,000DD offer even after refreshing several times. Copied the URL into incognito mode and the $500DD offer came up.

I live in FL and attempted numerous times to signup online, receiving the error “Unfortunately, we are unable to open your account online at this time. However, we’d be happy to help you in a Fifth Third Branch” after inputing my zip code.

I requested a code via email, which also included a phone number to open via phone. I called that number, and they said they are unable to open accounts online or via phone in Florida and that I must go into a branch.

Just FYI incase anyone else is having this issue.

So can I still fund this with my CO360 MM account to satisfy the direct deposit requirement? There are no data points in this post.

If you are opening your account online make sure your previous account has been closed for 365 days to the day because the system will not tell you if the promo code is accepted before opening the account which is fucked up. Last year I called to close my account on 8/3/16 and apparently it was not processed until 8/4/16. Unfortunately I found out after opening my account today that the system rejected the promo code. So I had to drive to the branch to get them to apply the promo code. The banker told me that if you apply in-branch the system will let them know if you qualify before opening the account, so it is better to open in-branch if you are not sure if you qualify.

Is it 365 days since the last account was closed or do they go by the number of months.

My last account was closed on June 15, 2017. Will it be fine if I open after June 15, 2018 or should I wait and apply in July 2018 as that would be technically the 13th month since the previous account was closed.

Wells Fargo worked for dd for me.

I did this in branch last month in Fl with the previous offer. Took like 20 minutes in branch, just needed an opening deposit and drivers license, set up online access and everything, very easy. Bonus posts within a few days of meeting requirements.

Back to Top ↑