Fifth Third Bank vs BMO Bank
Fifth Third Bank is a midwest & Southwest bank with high balance requirements. How does it compare to BMO Bank? 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 BMO Bank has over 600 branches and is the 8th largest bank in North America by assets. Smart Advantage checking has no fee and no minimum balance if you opt for eStatements. Savings need just $100 to open with easy ways to waive fees. Special Rate CDs require a $5,000 minimum opening deposit.
Compare Fifth Third Bank with BMO Bank, side-by-side. Read on for an in-depth look, including ratings, reviews, pros and cons.
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Fifth Third Bank | BMO Bank | |
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Personal Checking Account - $350 Bonus - | BMO Relationship Checking - | |
Benefits and Features | ||
Savings | 0.01% APY. $5 reward every month you save $200 or more, for the first year. | |
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. | 0.05% - 5.25% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit. |
Checking |
| Smart Advantage, Smart Money, Relationship |
Money Market | 0.01% APY Standard Rate (0.01% Relationship Rate) | 1.00% APY. $25 minimum opening deposit. $10 monthly fee, waived with a $5,000 minimum daily balance. |
Customer Service |
| Mon-Fri: 7am - 10pm (CT); Sat-Sun 8am - 8pm |
ATMs | Allpoint® and 7-Eleven® network of ATMs. More than 50,000 fee-free ATMs nationwide. | |
IRA CD | 0.05% - 0.25% APY. Terms of 3 months to 5 years. $1,000 minimum opening deposit | |
IRA Money Market | IRA Premium Savers: $100 minimum opening deposit. No monthly maintenance fee | |
Locations | 1,300 branches, including 100 Bank Mart® locations across the country | |
CreditDonkey® Reviews | ||
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Checking | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Money Market | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
Customer Service | ![]() ![]() ![]() ![]() ![]() | ![]() ![]() ![]() ![]() ![]() |
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Pros & Cons | Pros:
| Pros:
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Bottom Line | Midwest & Southwest bank with high balance requirements... | Midwest bank with options for low and high-balance customers... |
Visit Site | Visit Site | |
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 12/07/2023 based on 45202 zip code. BMO Bank: Pricing information from published website as of 12/06/2023 based on 91107 zip code. |
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.
BMO Relationship Checking
- Up to $25 rebated per statement period on ATM surcharge fees charged by other banks
- $25 monthly fee may be waived if you meet any of the following requirements: minimum daily ledger balance of $10,000 or more for the previous calendar month, monthly combined balance of $25,000 for the previous calendar month, if you have a BMO Investment Services (BIS) account, or if you are a Best of BMO US client.
BMO Smart Advantage Checking
- No minimum balance required
- Fee-free transactions at more than 40,000 Allpoint® network ATMs nationwide
- $2 monthly fee for paper statements and $3 monthly fee for check images are waived with paperless statements
BMO Smart Money Checking
- No minimum balance required
- Fee-free transactions at more than 40,000 Allpoint® network ATMs nationwide
- $5 monthly maintenance fee ($0 if you're under 25 years old)
Which is Better: Fifth Third Bank or BMO Bank?
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: BMO Bank's checking is notable.