Fifth Third Momentum® Checking
Fifth Third Bank offers no monthly fee, early direct deposit, and a sign-up bonus for qualifying new customers, held at Fifth Third Bank, National Association (Member FDIC), which we confirmed is an active FDIC member. The rate and terms come from NerdWallet, our verified data partner with direct provider relationships.
Is the Fifth Third Momentum® Checking worth it?
The Fifth Third Momentum® Checking offers no monthly fee, early direct deposit, and a sign-up bonus for qualifying new customers. We source these terms from NerdWallet, our verified data partner with direct provider relationships. These figures carry our ◆ Partner data label — we did not fetch them from the provider ourselves.
The account is held at Fifth Third Bank, National Association. We confirmed with the FDIC that it is an active insured institution — certificate #6672 in Cincinnati, Ohio. Deposits are covered up to $250,000 per depositor, per ownership category.
The honest caveat: the rate and terms are partner-supplied and can change, so confirm the current details on the provider’s own site before opening. This is not financial advice.
How does a checking account work?
A checking account is built for everyday spending and bill pay, with a debit card and unlimited transactions. Some, like this one, also pay interest as an APY. The rate is variable, and any earned interest is taxable.
What are the pros and cons of the Fifth Third Momentum® Checking?
The Fifth Third Momentum® Checking stands out for no monthly maintenance fee, though rate and terms are partner-supplied — not fetched from the provider ourselves.
- No monthly maintenance fee
- No monthly fee and no minimum to open
- Held at Fifth Third Bank, National Association, an FDIC member we confirmed with the regulator
- Rate and terms are partner-supplied — not fetched from the provider ourselves
- This account earns little or no interest
- Online-focused account with limited or no branch access
Who should get the Fifth Third Momentum® Checking?
The Fifth Third Momentum® Checking is best for people who want a no-fee checking account.
- People who want a no-fee checking account
- Anyone who values a sign-up bonus
- Anyone who wants FDIC-insured deposits
How does the Fifth Third Momentum® Checking compare?
Among the 9 checking accounts we track, the Fifth Third Momentum® Checking ranks #9 with a money8020 score of 84/100.
| Product | Score | Tier | Provider |
|---|---|---|---|
| Capital One 360 Checking | 97 | Essential | Capital One |
| American Express Rewards Checking | 96 | Essential | American Express National Bank |
| Chime® Checking Account | 96 | Essential | Chime (banking via The Bancorp Bank, N.A.) |
| nbkc Everything Account | 94 | Essential | nbkc bank |
| SoFi Checking and Savings | 93 | Essential | SoFi Bank |
See all checking accounts, ranked →
Common mistakes to avoid with a checking account
- Carrying a balance you think earns interest without confirming the rate and any requirements to earn it.
- Ignoring the overdraft policy until a transaction overdraws the account.
- Missing direct-deposit or activity requirements that unlock the rate or fee waiver.
- Treating checking as savings — a high-yield savings account usually pays far more.
Key takeaways
- Fifth Third Momentum® Checking earns a money8020 score of 84/100, ranking #9 of 9 checking accounts.
- No monthly maintenance fee
- undefined.
- Best for people who want a no-fee checking account.
- Rate and terms sourced from our verified data partner, NerdWallet.
Frequently asked questions about the Fifth Third Momentum® Checking
What does the Fifth Third Momentum® Checking offer?
Per NerdWallet, our data partner, it offers no monthly fee, early direct deposit, and a sign-up bonus for qualifying new customers. confirm current details on Fifth Third Bank's own site before opening. This is not financial advice.
Is the Fifth Third Momentum® Checking FDIC insured?
Yes. Funds are held at Fifth Third Bank, National Association, which we confirmed with the FDIC is an active insured institution (certificate #6672, Cincinnati, Ohio). Deposits are insured up to $250,000 per depositor, per ownership category.
Does the Fifth Third Momentum® Checking charge overdraft fees?
Overdraft terms vary by bank — some charge a fee, others offer a fee-free buffer or decline the transaction. Review the account's overdraft policy before relying on it.
Can the interest rate on the Fifth Third Momentum® Checking change?
Yes. Any APY on a checking account is variable and can change at any time. Confirm the current rate and any requirements to earn it on the provider's site.
Sources
We sourced these figures from our verified data partner and independently confirmed the provider’s regulator status, last checked May 30, 2026. Primary sources: