Fifth Third Bank vs Bank of America

Fifth Third Bank is a midwest & Southwest bank with high balance requirements. How does it compare to Bank of America? Read our comparison chart below.

Fifth Third Bank has 1,300 branches across the Midwest and Southwest. Basic checking account requires $1,500 minimum balance to avoid fees. Promotional CD offers a high APY for terms up to 27 months with a $5,000 minimum opening deposit.

While Bank of America is one of the largest banks in the U.S. with approximately 4,300 locations and 17,000 ATMs. It is known for good customer service with extended hours. It offers checking, savings, CDs, IRA, and investment accounts through Merrill Edge.

Compare Fifth Third Bank with Bank of America, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.

	Fifth Third Bank	Bank of America
	Member FDIC	Member FDIC
	Visit Site	Visit Site
	SPECIAL OFFER Personal Checking Account - $350 Bonus - Learn More Read Fifth Third Bank Review	SPECIAL OFFER Bank of America Business Advantage Checking Account - $200 Bonus Offer - Learn More Read Bank of America Review
	Benefits and Features
Savings	0.01% APY
CD	0.01% APY. Terms ranging from 7 days to 84 months, minimum deposit of $500. Featured CD: 4.30 - 4.50% APY. Terms are 4, 8, and 12 months, minimum deposit of $5,000.
Checking	Fifth Third Momentum® Checking: No monthly service charge Fifth Third Preferred Checking®: Interest-bearing checking account Fifth Third Student Banking: Personal checking account for students age 13 and up.
Money Market	0.01% APY Standard Rate (0.01% Relationship Rate)
Customer Service	Mon-Fri 8:00 am - 6:00 pm (EST) Sat 10:00 am - 4:00 pm (EST)	Mon-Fri: 8am - 9pm (ET) Sat: 8am - 8pm (ET) Sun: 8am - 5pm (ET)
ATMs	Allpoint® and 7-Eleven® network of ATMs. More than 50,000 fee-free ATMs nationwide.	Approximately 16,000+ ATMs
IRA CD
Locations	1,300 branches, including 100 Bank Mart® locations across the country	Approximately 3,900 retail financial centers
	CreditDonkey® Reviews

Savings
CD
Checking
Money Market
Customer Service
Mobile App
Pros & Cons	Pros: Free Express Checking Free student checking Promo CD with high APY Cons: Higher balance requirements Low savings APY Limited branches	Pros: Large branch network Extended service hours Full service banking Cons: Monthly fees Low interest rates Many misc. banking fees
Bottom Line	Midwest & Southwest bank with high balance requirements... Read full review	National bank with widespread accessibility and wide range of services... Read full review
	Visit Site	Visit Site
	Personal Checking Account - $350 Bonus Fifth Third Business Checking Account™	Bank of America Business Advantage Checking Account - $200 Bonus Offer Bank of America Advantage Banking - $200 Bonus Offer Bank of America Advantage SafeBalance Banking®
Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details. Fifth Third Bank: Pricing information from published website as of 11/26/2023 based on 45202 zip code. Bank of America: Pricing information from published website as of 12/05/2023 based on 91107 zip code.

Member FDIC

Personal Checking Account - $350 Bonus

Open an eligible Fifth Third Checking account. Have direct deposits totaling $500 or more within 90 days of account opening to qualify for bonus. The cash bonus will be deposited into your new checking account within 10 business days of completing qualifying activity requirements.

Get Deal

Expires 1/7/2024

Member FDIC

Bank of America Business Advantage Checking Account - $200 Bonus Offer

Learn More

Expires 6/30/2024

Earn a cash bonus in three steps:

Open a new eligible business checking account by June 30, 2024
Make Qualifying Deposits* of $5,000 or more in new money within 30 days of opening the new eligible business checking account
Maintain an average balance of $5,000 for the next 60 days (day 31-90) during the maintenance period**

*Qualifying Deposits are deposits of new money, which is money not currently or previously held in any account at Bank of America or Merrill
**The maintenance period begins thirty-one (31) days after account opening and ends ninety (90) calendar days after account opening.
Member FDIC

Member FDIC

Business Advantage Fundamentals™ Banking

No fee for first 200 transactions per statement cycle
No fee for first $7,500 in cash deposited per statement cycle
Waive the $16 monthly fee in a variety of ways

Learn More

Member FDIC

Business Advantage Relationship Banking

No fee for first 500 transactions per statement cycle
No fee for first $20,000 in cash deposited per statement cycle
Waive the $29.95 monthly fee by maintaining a $15,000 combined average monthly balance

Learn More

Which is Better: Fifth Third Bank or Bank of America?

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing Fifth Third Bank or Chase.

In short: Bank of America's checking is noteworthy.

Articles on Fifth Third Bank

Fifth Third Bank Review

Fifth Third Bank has higher balance requirements and high service fees if they're not met. But it offers some unique programs. Read on to see if Fifth Third Bank is a good fit for you.