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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
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Fifth Third Bank

Bank of America

SPECIAL OFFER
Personal Checking Account - $325 Bonus - Learn More

Read Fifth Third Bank Review

SPECIAL OFFER
Bank of America Advantage Plus Banking® - $100 Bonus Offer - Learn More

Read Bank of America Review

 

Benefits and Features

Savings
0.01% APY
Check
CD0.01% APY. Terms ranging from 7 days to 84 months, minimum deposit of $500. Featured CD: 4.00% APY at 12 months, minimum deposit of $5,000.
Check
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.
Check
Money Market0.01% 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)
ATMsAllpoint® and 7-Eleven® network of ATMs. More than 50,000 fee-free ATMs nationwide.
Approximately 16,000+ ATMs
IRA CD
0.01% APY
Check
Locations1,300 branches, including 100 Bank Mart® locations across the countryApproximately 3,800+ retail financial centers
 

CreditDonkey® Reviews

 Fifth Third Bank
SavingsStarStarEmpty StarEmpty StarEmpty StarStarStarStarEmpty StarEmpty Star
CDStarStarStarStarEmpty StarStarStarEmpty StarEmpty StarEmpty Star
CheckingStarStarStarEmpty StarEmpty StarStarStarHalf StarEmpty StarEmpty Star
Money MarketStarStarHalf StarEmpty StarEmpty Star
Customer ServiceStarStarStarStarEmpty StarStarStarStarStarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarHalf Star
Pros & ConsPros:
  • 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 customer service hours
  • Full service banking
Cons:
  • No free checking option
  • Low interest rates
  • Many miscellaneous banking fees
Bottom LineMidwest & Southwest bank with high balance requirements... Read full reviewNational bank with widespread accessibility and wide range of services... Read full review
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Personal Checking Account - $325 Bonus

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 12/22/2022 based on 45202 zip code.

Bank of America: Pricing information from published website as of 3/25/2022 based on 91107 zip code.

Fifth Third Bank
Member FDIC

Personal Checking Account - $325 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.

Expires 3/31/2023

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: Fifth Third Bank's cd is worth mentioning.


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.

Articles on Bank of America

Bank of America Review

Bank of America is a national bank with many account options and user-friendly online banking. But does this convenience come at a cost? Read on.

How to Close a Bank of America Account

Want to close your Bank of America account? Learn how and what you need to do before you close your account.

Bank of America Hours

Bank of America is open 5-6 days a week, depending on the location. Take a look at their business hours below.

Bank of America Routing Number

Find your Bank of America routing number and learn about money transfers in our guide.

Which Do You Think is Best?





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