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Fifth Third Bank Student Checking Account

2.8WalletHub Rating

WalletHub Rating

2.8

This product has been scored using WalletHub’s proprietary rating system for banking products. We evaluated this account for various consumer needs and picked the rating for the need with the highest score, which is "Everyday checking for students."

User Reviews

3.3

Market Comparison

2.8

Fees: 3.1

Interest Rates: 0.0

Annual Cost: 2.7

Other Features: 5.0

RatesFeesUsageReviewsQ&AContact

WalletHub Rating

2.8/5

Fifth Third Bank Student Checking Account has a rating of 2.8/5 according to our proprietary banking rating system. This rating reflects how appealing Fifth Third Bank Student Checking Account's terms are compared to a pool of more than 600 checking account offers tracked by WalletHub. We evaluated this product for various consumer needs and picked the rating for the need with the highest score, which is "Everyday checking for students." To break it down further, Fifth Third Bank Student Checking Account earned a score of 3.1/5 for Fees, 0.0/5 for Interest Rates, 2.7/5 for Annual Cost, and 5.0/5 for Other Features. Info about the Fifth Third Bank Student Checking Account has been collected by WalletHub to help consumers better compare checking accounts. The financial institution did not provide the details.

WalletHub Rating Breakdown

User Reviews

3.3/5

13 reviewsRead and write reviews

Market Comparison

2.8

The Market Comparison is a key component of the WalletHub Rating, as it measures how appealing the terms of a checking account are compared to a pool of over 600 offers monitored by WalletHub. To ensure products are evaluated for their most relevant purpose, we score each account across various consumer needs and select the rating for the need with the highest score, which is "Everyday checking for students" for this checking account.

Fees

3.1

Interest Rates

0.0

Annual Cost

2.7

Other Features

5.0

2.8/5

Compared against 600+ checking accounts

Fifth Third Bank Student Checking Account Rates

Balance	APY
$0+	0.00%

None

Fifth Third Bank Student Checking Account Fees

	None
	N/A
	N/A

	N/A
	$37
	N/A

Fifth Third Bank Student Checking Account ATM & Debit Card Usage

	None
ATM Network Size	40,000 ATMs
	$3.50
	Not Offered

	3.20% (and $5)
	Mastercard
	3.20%

Fifth Third Bank Student Checking Account Additional Info

	No
	$0 per month
	You are at least 13 years old and are currently a student.

Apply Now

at Fifth Third Bank's secure site

for students age 13 and upNO minimum deposit to openNO monthly service feeNO minimum balance requirementsAccess to More Than 40,000 Fee-free ATMs

Apply Now

at Fifth Third Bank's secure site

Fifth Third Bank Student Checking Account Q&A

Can't find what you are looking for? Submit your question about Fifth Third Bank Student Checking Account to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this offer. Please keep in mind that it is not a financial institution’s responsibility to ensure all posts and questions are answered.

Upvote

Is there a fee for 5/3 bank ATM withdrawals?

Upvote

what do I do with the money in this account after I turn 23?

Upvotes

How can I open a Fifth Third Bank Student checking account for a minor?

Ramses Delgado, Banking Moderator

To open a Fifth Third Bank Student Checking Account for a minor, you'll need to apply in person at a branch with a parent or guardian and follow these steps:

Provide Personal Information: Submit the personal details of the guardian and the minor, including names, addresses, dates of birth, Social Security numbers, valid IDs, email addresses, and phone numbers.
Review and Agree to Terms and Conditions: Carefully review and agree to the terms and conditions...

Upvotes

Does the Fifth Third Bank Student Checking account support ACH transfers?

Ramses Delgado, Banking Moderator

Yes, the Fifth Third Bank Student Checking Account support ACH transfers. You can use ACH to transfer funds from your Fifth Third Bank Student Checking Account to another bank account.

It's important to note that this feature may change without prior notice. For the most up-to-date information, please refer Fifth Third Bank's website or contact their customer service.

You can check the best student checking accounts available to ensure that whatever decision you go for really fits your goals.

Upvotes

Can a minor open a Fifth Third Bank Student checking account without parents as co-owners?

Ramses Delgado, Banking Moderator

No, a minor generally cannot open a Fifth Third Bank Student Checking Account without a parent or legal guardian as a co-owner or joint owner. The bank requires an adult, parent or legal guardian, to be on the account as a joint owner or custodian for the minor.

For the most up-to-date information, visit Fifth Third Bank's website or contact their customer service by phone at (800) 972-3030.

Upvotes

How long is the term for Fifth Third Bank student accounts?

Ramses Delgado, Banking Moderator

Fifth Third Bank student accounts are designed for students aged 13 and older with a valid student ID. The Fifth Third Bank Student Checking Account remain active as a student account until the account holder turns 24. After that, the account automatically converts to a regular checking account.

If you're still a student after turning 24, you can ask for annual extensions by providing proof that you're still a student. For the most up-to-date information please refer to Fifth Third Bank's...

Upvotes

what documents are needed to open a student account

Upvotes

How can I replace a Fifth Third Bank student banking card?

Lisa Cahill, Credit Cards Moderator

You can replace your Fifth Third Bank student banking card by making a request in your nearest branch. You can locate it here: https://locations.53.com/search.html.

Upvotes

Can non-USA students apply for this bank account with a valid SSN?

Fifth Third Bank Student Checking Account Reviews

Share your insights and review the Fifth Third Bank Student Checking Account

3.3

What's Your Rating?

emily fields
March 18, 2015 • @emilycarol25

I had chose 5/3 because there was a branch right near the college campus I attended. At first, I really appreciated this bank and they seemed to really be great. Then I noticed that each time I went to the teller, they were always trying to sell me something. A credit card, a line of credit, or a personal loan. It got very frustrating because I did not want to buy anything from them. I didn't want to be "sold" on something just because I wanted to cash/deposit a check. Finally, I did sign up for what I thought was a type of overdraft protection, but later found out it was actually a credit card that would pull cash from it to cover my overdrafts in my account. I was 19 at the time and didn't really understand, but the teller was so pushy and didn't explain the facts of all the charges I would encounter by doing this. All the teller told me is I wouldn't get the 36.00 overdraft fee. Little did I know about it being a real credit card, with APR % and charges for getting cash from the card. It was a horrible experience and every time I went in to cancel the card, it either never got done when they told me it would, or they said they weren't able to actually cancel it. Unless you wanna be sold to on a daily basis, I would stay away from this bank!

Comment

Kelly Tadge
December 19, 2014 • @canadianbearshavelearnedtoswim

I've had Fifth Third Essential Checking since I graduated from college in 2011 (I previously had their student checking). I can honestly say I've had no complaints. I'm never charged any fees (as I always meet the $500 dollar minimum on deposits) and have never over drafted (I have my savings account linked and over draft protection in case I ever do). I can't see myself changing banks anytime soon, considering I have multiple 5/3 locations close to me. I also love their mobile deposit, which allows you to deposit your check via a smartphone. The best part is, they don't charge you a fee like U.S. bank does.

Comment

andrew
November 20, 2014 • @bskblla995

I love my student checking account with 5/3. Recently they added 2 free withdrawals from any ATM per month, which makes their service that much better! Aside from not having to maintain any real balance, and no interest charges this deal can't any better than it already is, unless they paid you monthly or something.

Comment

Evan
May 26, 2014 • @EvanPar

Fifth Third Bank is partnered with my University. I receive my student refunds on a Fifth Thirds debit card. The account was set up by my university, so I can’t comment on how easy it is to set up. I have not been charged any fees from them except the usual ATM fees. I have been using Fifth Thirds for approximately 3 years now. In those three years I’ve only had to contact them for one situation. I went to Europe to study abroad and on my second day I had my card skimmed at an ATM and the thief stole $2,500 from me, which was the majority of my money for the trip. I called Fifth Thirds and they handled the situation very well. They stayed in constant contact with me giving me updates on the situation. It took two weeks to get my money back, but I was credited with every single cent that was stolen from me. Otherwise my experience with Fifth Thirds has been smooth sailing.

Comment

Raymond Schmidt
May 20, 2014 • @rkschmidt11

I have had my account with fifth third for a few years. Everything about it was pretty average until i happened to be charged an overdraft fee. I was very confused as I had block the ability to overdraft, and when I contacted them about it they said there was no way for me to completely turn it off. Because of this I lost about $100 in my account and the balance then became -$200. The worst part of this is, the credit card company responsible for overdrafting by taking out a payment, returned the money to fifth third, and It was taken from me also. So now, I am out $300, and none of the money taken out was actually accepted by the credit card, which also charged me fees on the overdraft. so basically my money was just taken from me and I got nothing for it.

Comment

Peter Mayer
May 20, 2014 • @mayer501

I've had a Fifth Third Bank Essential Checking Account since around 2005 when I first attended college. Throughout most of that time it was great and I always received good service and found the ATMs and branches conveniently located. However, in 2008 I had a terrible experience when I was charged massive overdraft fees despite having recently deposited a check in my account. The reason for this was, that only one hundred dollars were available and every purchase added additional overdraft charges regardless of the size. Thus, I ended up with over two hundred dollars in overdraft fees. Thankfully, when I called Fifth Third they were able to reverse all of the fees and were very polite, apologetic, and have since changed the way they charge overdraft fees. That positive customer service experience is the primary reason why I remain their customer to this day.

Comment

MacKenzie Gibbs
April 1, 2014 • @mackgibbs5

I got my account last year probably around September. I was very satisfied until just recently. I went to buy some food for my dorm at the store thinking that I had $60 in my account, however Fifth Third had removed my student status without notifying me and had started charging me $11 a month. That seems outrageous to me. I was very disappointed in the lack of communication and have begun to only use my credit union for my banking needs.

Comment

Meagan Minard
March 13, 2014 • @meagan_mynerd

Definitely one of the better banking options for college students. I had to switch banks, due to bad customer service, and with this being the bank that I chose, I'm incredibly happy about it. The customer service is great, the online banking is easy to use, and it definitely has some nice bonuses for college students. Overall, it's safe to say that I am happy about this account.

Comment

Andrew Flory
February 5, 2014 • @flory1aw

A great bank account for college kids. The fact that you don't need a minimum or average daily balance to avoid fees is great when money is tight. I love the online banking capabilities, the website is very easy to use. I also like the overdraft protection, It's easy and free to turn on to keep you from getting hit with overdraft charges, which by the way for this card are MASSIVE. so as long as you avoid overdraft charges, this is the perfect card for college students. oh, the ATM fees can get a bit ridiculous, but i think that applies to mostly every card.

Comment

+ 4 WalletHub users submitted a rating without writing a full review

Review Fifth Third Bank Student Checking Account

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