Fifth Third Bank Preferred Checking Account review

Interest-bearing checking account with multiple benefits that offers free checks, free transfers and a World debit card with no annual fee. It also offers discounts on interest on personal loans, lines of credit and HELOCs, as well as improved interest on deposits and advantages in investment accounts.


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Commissions
Account management: $ 25 per month. Avoidable if you have a combined balance of at least $100,000 USD.
Check deposit: Consult
Check writing: $ 0
Transfers: Consult
Profitability
APY: Consult
Rate of interest: Fixed
Interest settlement: Monthly
Advantage
Checkbook: With checkbook

Additional information of Preferred Checking Account

Fifth Third Preferred Checking accountWith Fifth Third (5/3) Bank's Preferred Checking account you'll get multiple advantages when you sign up for other Fifth Third products, plus free debit cards and no check or wire fees.

Plus, you'll get a return on your money and a yield enhancement on time certificates of deposit with a maturity of 6 months or more.

You will also get a discount on personal loans, lines of credit and auto loans, although you must meet the requirement of maintaining a combined minimum balance among the various accounts of at least $100,000, which is not available to most.

If you have an investment account, you will receive a discount on online stock trading and will not pay for custody of portfolio securities.

What are the fees for Preferred Checking?

The monthly fee for this Fifth Third bank checking account is $25 USD, and can only be avoided if you have a minimum balance of $100,000 USD between checking, savings, investment and time deposits.

On the other hand, with this account you will not have to pay for checks issued or transfers to other bank accounts. In addition, you will not have to pay anything for the associated debit card, and you will be able to withdraw cash free of charge at any ATM up to 10 times a month.

Español: Cuenta Preferred Checking del banco Fifth Third