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 900 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.
Visit Site | Visit Site | |
Fifth Third Bank | BMO Bank | |
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Personal Checking Account - $400 Bonus - | BMO Checking Accounts - Earn up to $600 - | |
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: 2.00% to 4.00% APY. Terms are 3, 7, 13, and 24 months, minimum deposit of $5,000. | 0.05% - 4.00% 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. |
ATMs | Allpoint® and 7-Eleven® network of ATMs. More than 40,000 fee-free ATMs nationwide. | |
Customer Service |
| Mon-Fri: 7am - 10pm (CT); Sat-Sun 8am - 8pm |
IRA CD | 0.05% - 2.00% 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 | ||
CreditDonkey® Reviews | ||
Savings | ||
CD | ||
Checking | ||
Money Market | ||
Mobile App | ||
Customer Service | ||
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 10/05/2024 based on 45202 zip code. BMO Bank: Pricing information from published website as of 09/27/2024 based on 60603 zip code. |
Personal Checking Account - $400 Bonus
Open an eligible Fifth Third checking account. Make 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.
Fifth Third Momentum® Checking - $400 Bonus
Open an eligible Fifth Third checking account. Make 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 Checking Accounts - Earn up to $600
Earn up to $600 with qualifying activities. Conditions Apply. BMO Bank N.A. Member FDIC
Get either a $250 or $500 cash bonus when you open a new checking account and complete qualifying activities between 9/10/24 and 10/31/24. Plus, get a $100 digital gift card when you meet with a BMO banker to discuss your financial priorities after opening your account online. Combine the cash bonus and the gift card to maximize your rewards.
BMO Smart Advantage Checking - Earn up to $350
Earn up to $350 with qualifying activities. Conditions Apply. BMO Bank N.A. Member FDIC
Earn a $250 cash bonus when you open a new checking account and complete qualifying activities between 9/10/24 and 10/31/24. Plus, get a $100 digital gift card when you meet with a BMO banker to discuss your financial priorities after opening your account online. Combine the cash bonus and the gift card to maximize your rewards.
BMO Smart Advantage Checking
- No minimum balance required
- Fee-free transactions at more than 40,000 Allpoint® network ATMs nationwide
- No monthly fees with paperless statements
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.