Fifth Third Bank vs Wells Fargo
Fifth Third Bank is a midwest & Southwest bank with high balance requirements. How does it compare to Wells Fargo? 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 Wells Fargo is one of America's largest banks with over 4,500 locations and 12,000 ATMs. Offers many checking options, including Teen Checking and Opportunity Checking for those who had financial troubles. 24/7 customer service. Special CDs offers high rates with $5,000 minimum opening deposit.
Compare Fifth Third Bank with Wells Fargo, side-by-side. Read on for an in-depth look, including ratings and reviews.
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Fifth Third Bank | Wells Fargo | |
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Personal Checking Account - $225 Bonus - | Personal Checking Account - $2,500 Bonus - | |
Benefits and Features | ||
Savings | 0.15% APY. Minimum opening deposit of $25. Monthly service fee of $5, unless you maintain a minimum daily balance of $300, make 1 automatic transfer each fee period of $25 or more from a linked Wells Fargo checking account, make 1 automatic transfer each business day within the fee period of $1 or more from a linked Wells Fargo checking account, make 1 or more Save As You Go® transfers from a linked Wells Fargo checking account, or primary account owner is 24 years old or under. | |
CD | 0.01% APY. Terms ranging from 7 days to 84 months, minimum deposit of $500. Featured CD: 4.00 - 4.85% APY. Terms are 5 and 10 months, minimum deposit of $5,000. | Standard Term CD: 0.50% to 2.50% APY. Terms of 3 months to 1 year. Minimum deposit of $2,500. Bonus of up to 2.51% APY if you maintain a linked Portfolio by Wells Fargo relationship. |
Checking |
| Clear Access Banking, Everyday Checking, Portfolio by Wells Fargo |
Money Market | 0.01% APY Standard Rate (0.01% Relationship Rate) | Also known as the Platinum Savings Account. 0.25% - 2.50% APY. Minimum opening deposit of $25. $12 monthly service fee, unless you maintain a minimum daily balance of $3,500. Bonus APY of 2.51% requires account linked to Portfolio by Wells Fargo relationship. |
Customer Service |
| Available 24 hours a day, 7 days a week. |
ATMs | Allpoint® and 7-Eleven® network of ATMs. More than 50,000 fee-free ATMs nationwide. | More than 12,000 ATMs across the country. |
IRA CD | Standard Term CD: 0.01% to 2.50% APY. Terms of 1 month to 144 months. Minimum deposit of $1,000. Bonus of up to 2.51% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account. | |
IRA Money Market | Also known as Retirement High Yield Savings. 0.25% - 2.50% APY. $100 minimum opening deposit. | |
Locations | 1,300 branches, including 100 Bank Mart® locations across the country | Approximately 4,500+ retail banking branches coast to coast. |
CreditDonkey® Reviews | ||
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Pros & Cons | Pros:
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Bottom Line | Midwest & Southwest bank with high balance requirements... | |
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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 5/15/2023 based on 45202 zip code. Wells Fargo: Pricing information from published website as of 5/27/2023 based on 91107 zip code. |
Personal Checking Account - $225 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.
Which is Better: Fifth Third Bank or Wells Fargo?
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