Fifth Third Bank $375 New Checking Account Bonus w/ Direct Deposit

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Fifth Third Bank has a $375 new checking bonus when you open an eligible Fifth Third checking account and make direct deposits totaling $500 or more within 90 days of account opening. Thanks to reader Charles for the heads up. Note that Fifth Third Bank usually only accepts applications from the geographic area where they have physical branches, including the following 10 states: Florida, Georgia, Illinois, Indiana, Kentucky, Michigan, North Carolina, Ohio, South Carolina, Tennessee, West Virginia.

Opening online should populate the offer code (currently RKWHT3), or you can request an e-mail with a unique code to bring to a physical branch. Here the fine print:

To qualify for the $375 checking bonus, provide the offer code, open a Fifth Third Momentum® Checking, or Preferred2 checking account by 6/30/2022 and make direct deposits totaling $500 or more within 90 days of account opening. The $375 checking bonus does not require any additional activities. A qualifying Direct Deposit is an Automated Clearing House (ACH) credit, which may include payroll, pension or government payments (such as Social Security). The cash bonus will be deposited into your new account within 10 business days of completing qualifying activity requirements. In order to receive the cash bonus, your checking account must be open and in good standing. Offer is not available to existing Fifth Third checking customers or to those with a Fifth Third Checking account that has been closed within the last 12 months. Bank reserves the right to limit each customer to one new account-related gift incentive per calendar year. Eligibility may be limited based on your account type and ownership role. Account must be funded within 45 days of account opening. No minimum deposit required to open a checking account. Bonus may be taxable as interest income and reported on IRS Form 1099-INT. Consult your tax advisor. UNIQUE OFFER CODE MUST BE PRESENTED AT ACCOUNT OPENING TO RECEIVE THE BONUS. See your banker for details. Not valid with any other offer.

The Fifth Third Momentum Checking account has no minimum balance, no monthly service fees, and fee-free ATM access on the Allpoint, Presto!, and 7-Eleven ATM networks.

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Comments

  1. Jason Boxman says

    I did the $600 deal last year; They pay the bonus quickly. Beware, if you empty the account, they’ll close it promptly. I had setup a quarterly transfer of a few coins to maintain activity, and it got rejected due to the account having been closed on me, costing $15 on the sending bank side. Oops.

  2. Nadine Angress says

    so for this offer do you need to live in one of those states or is it waived this time?

  3. “Usually only accepts” within its geographic area – is that determined (and rejected) during signup process or after they pull Chex?

  4. Do you know if a transfer from an investment account will qualify as a direct deposit?

  5. Looks good – only thing is I got the “Almost there” – need to come into a branch with photo id to finish the app.

  6. O! Tennessee… Good. I’ll try now

  7. michelle says

    I did a transfer from Capital One to 5/3.. Should this count as a direct deposit?

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