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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.

 Fifth Third Bank
 Visit SiteLearn More
 

Fifth Third Bank

Wells Fargo

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

Read Fifth Third Bank Review

SPECIAL OFFER
Personal Checking Account - $200 Bonus - Learn More

Read Wells Fargo Review

 

Benefits and Features

Savings
0.01% APY
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.
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.Standard Term CD: 0.50% to 2.00% APY. Terms of 3 months to 1 year. Minimum deposit of $2,500. Bonus of up to 2.01% APY if you maintain a linked Portfolio by Wells Fargo relationship.
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.
Clear Access Banking, Everyday Checking, Portfolio by Wells Fargo
Money Market0.01% APY Standard Rate (0.01% Relationship Rate)Also known as the Platinum Savings Account. 0.25% - 2.00% APY. Minimum opening deposit of $25. $12 monthly service fee, unless you maintain a minimum daily balance of $3,500. Bonus APY of 2.01% requires account linked to Portfolio by Wells Fargo relationship.
Customer Service
  • Mon-Fri 8:00 am - 6:00 pm (EST)
  • Sat 10:00 am - 4:00 pm (EST)
Available 24 hours a day, 7 days a week.
ATMsAllpoint® and 7-Eleven® network of ATMs. More than 50,000 fee-free ATMs nationwide.More than 12,000 ATMs across the country.
IRA CD
0.01% APY
Standard Term CD: 0.01% to 2.00% APY. Terms of 1 month to 144 months. Minimum deposit of $1,000. Bonus of up to 2.01% APY if you maintain a linked Wells Fargo Prime/Portfolio Checking account.
IRA Money Market 0.01% APY. $100 minimum opening deposit.
Locations1,300 branches, including 100 Bank Mart® locations across the countryApproximately 4,500+ retail banking branches coast to coast.
 

CreditDonkey® Reviews

 Fifth Third Bank
SavingsStarStarEmpty StarEmpty StarEmpty Star
CDStarStarStarStarEmpty Star
CheckingStarStarStarEmpty StarEmpty Star
Money MarketStarStarHalf StarEmpty StarEmpty Star
Customer ServiceStarStarStarStarEmpty Star
Mobile AppStarStarStarStarHalf Star
Pros & ConsPros:
  • Free Express Checking
  • Free student checking
  • Promo CD with high APY
Cons:
  • Higher balance requirements
  • Low savings APY
  • Limited branches
Bottom LineMidwest & Southwest bank with high balance requirements... Read full review 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.

Wells Fargo: Pricing information from published website as of 01/16/2023 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 Wells Fargo?

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.


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 Wells Fargo

Wells Fargo Bank Review

Wells Fargo offers nationwide access with thousands of ATMs and branch locations. But are their checkings and savings accounts right for you? Read on to see the best options.

Wells Fargo Bank Hours

Wells Fargo is one of the biggest banks in the country. Here's when you can visit a branch near you.

Wells Fargo Routing Number

Not all routing numbers are the same for Wells Fargo. Here's how to find the routing number for your bank account.

Which Do You Think is Best?





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