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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.

 Fifth Third Bank
Member FDIC
BMO Bank
Member FDIC
 Visit SiteVisit Site

Fifth Third Bank

BMO Bank

Personal Checking Account - $350 Bonus - Learn More

Read Fifth Third Bank Review

BMO Relationship Checking - Learn More

Read BMO Bank Review


Benefits and Features

0.01% APY
0.01% APY. $5 reward every month you save $200 or more, for the first year.
CD0.01% 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.
  • 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.
Smart Advantage, Smart Money, Relationship
Money Market0.01% 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 8:00 am - 6:00 pm (EST)
  • Sat 10:00 am - 4:00 pm (EST)
Mon-Fri: 7am - 10pm (CT); Sat-Sun 8am - 8pm
ATMsAllpoint® and 7-Eleven® network of ATMs. More than 50,000 fee-free ATMs nationwide.
40,000+ BMO and Allpoint ATMs
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
Locations1,300 branches, including 100 Bank Mart® locations across the country
More than 600 branches

CreditDonkey® Reviews

 Fifth Third BankBMO Bank
SavingsStarStarEmpty StarEmpty StarEmpty StarStarStarEmpty StarEmpty StarEmpty Star
CDStarStarStarStarEmpty StarStarStarStarStarEmpty Star
CheckingStarStarStarEmpty StarEmpty StarStarStarStarStarEmpty Star
Money MarketStarStarHalf StarEmpty StarEmpty StarStarStarStarEmpty StarEmpty Star
Customer ServiceStarStarStarStarEmpty StarStarStarStarHalf StarEmpty Star
Mobile AppStarStarStarStarHalf StarStarStarStarStarHalf Star
Pros & ConsPros:
  • Free Express Checking
  • Free student checking
  • Promo CD with high APY
  • Higher balance requirements
  • Low savings APY
  • Limited branches
  • Free checking with eStatements
  • Large ATM network
  • Good financial tools
  • Limited branches
  • Low savings APY
Bottom LineMidwest & Southwest bank with high balance requirements... Read full reviewMidwest bank with options for low and high-balance customers... Read full review
 Visit SiteVisit 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.

Fifth Third Bank
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.

Expires 1/7/2024
BMO Bank
Member FDIC

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 Bank
Member FDIC

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 Bank
Member FDIC

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.

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 BMO Bank

BMO Bank Review

BMO offers low fees and a large ATM network. But savings rates are low. However, the strong features can still make it a good bank for you. Read on.

Is BMO a Real Bank

BMO, is a U.S bank, part of the Bank of Montreal. It offers solid basic checking options and a large ATM network. But, is it legit? Read on to find out.

BMO Routing Number

If you have a BMO Bank account, you only need to be aware of one routing number. This number is 071025661. Read on and learn how to use it.

Which Do You Think is Best?

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About CreditDonkey
CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

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