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Fifth Third Bank Reviews

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Edited by: Tammy Burns

About Fifth Third Bank

Fifth Third Bank is a regional bank headquartered in Cincinnati, Ohio. It offers a full lineup of financial products, including checking and savings accounts, home and personal loans, investments and insurance. Fifth Third has been in operation for over 165 years.

Visit www.53.com/content/fifth-third/en.html
Pros
  • Large ATM network
  • No-fee checking account
  • Promotional CDs have competitive rates
  • HSAs, ABLE and 529 savings accounts available
Cons
  • Only available in 11 states
  • Some monthly fees
  • Low interest rates on most deposit accounts
  • $5,000 minimum deposit for promotional CDs

Fifth Third Bank Reviews

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    How do I know I can trust these reviews about Fifth Third Bank?
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    Page 12 Reviews 1430 - 1580

    Reviewed Dec. 18, 2008

    I checked my balance the other night to see where I stood financially. To my shock I had over $200 in my account. I thought it was odd but figured I'd just did my math wrong after paying bills (i suck at math)so I went out and got a few necessary things. I go back today to check my balance and I have a balance of -$19.66. WTF? I went inside to figure out what happened and there was a snoody ugly woman in there with braces and she kept giving me this attitude. On top of that, she told me I would have over $100 in overdraft fees because I used my card 3 times. This is insane!
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    Reviewed Dec. 15, 2008

    very briefly:
    I won 53000 reward points in a scratch off promo. and could claim them If I applied for a 5/3 master reward card. I did. I was denied, and was referred to a triple advantage credit reporting group (which is another SCAM). I have NO outstanding debts and excellent credit. I have written several times and received no response. My local branch just said, Sorry, It's over.
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    Reviewed Dec. 4, 2008

    I have a Morgtage with this company. ( Fifth Third Bank). Some how a women named LEAH SHAW who works in a different department called me from 859-781-7707. Stating my Morgtage came with a credit and ask if i received it... I told her no and i wasn't informed about this from my mortage broker. She insisted that it was sent and should be received within 3 to 5 business days. I also ask Ms Shaw to send me a letter regarding this card...
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    Reviewed Oct. 22, 2008

    Although I had the funds in the bank, they charged me overdraft fees, and as I kept putting funds in the bank, they kept charging, and as an end result I ended up with $544 in overdraft fees. Also their policy is to pay the largest item and charge overdraft fees on all the smaller items. Which I have never heard of a bank doing.

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    Reviewed Aug. 4, 2008

    The bank charged me $440 for an 18 cent overdraft. There were some purchases pending on my debit card. The banks actions are inconsistent do to a software program that determines how to maximize bank profits. The bank ended giving back $150 but they still owe me over $100.

    I believe mistakes like these are common place on the banks part and I am taking them to court.

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    Reviewed April 12, 2008

    I was charged a whopping $99 (and counting) in fees for a first time overdraft after selecting the wrong debit card for a single purchase. Should have used my card for Associated Bank, but picked out the Fifth Third Bank instead. From the moment of the overdraft, they charges two separate fees ($33 and $36 each) as well as $6 per day!


    I don't know if this is legal, but since it takes them many days to send a notice, and keep racking up charges, what would anyone do if they didn't get or read their mail?

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    Reviewed Dec. 31, 2007

    I have tried for almost a year to get a title from Fifth Third Bank for the Four-Wheeler that I purchased from them, that has been paid off since 11/06/06. Shortly after I bought this Yamaha, a gentlemen from Fifth Third Bank repeatedly called me wanting the title for it, which of course I never had because it was being purchased through them. The only thing that Fifth Third will send to me now is the Lien Release for the loan on the Yamaha . (So far I have received four of these).

    I need the title from this bank in order to get a sticker from the License Bureau. The Bank keeps saying that the License Bureau is where I am supposed to get the title; the License Bureau says that the title has to come from the bank. Since I work and also attend college, this has become time-consuming but necessary issue to resolve.

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    Reviewed Oct. 22, 2007


    My 18 year old daught had an overdraft on her Fifth Third Bank card in the amount of $ 2.89. We attempted to cover it plus penalties immediatly but ended up getting charged over $200. We attempted to settle this with the bank, but were tossed back and forth between the branch office and corporate office.

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    Reviewed Sept. 25, 2007


    This bank is the worst bank ever. They go out of their way to find opportunities to charge overdraft fees. I currently have three accounts with them, and I have been charged overdraft fees even when both of the following occurred: 1. I had money in my other accounts to cover the expenses and 2. I transferred enough money from one account to the other account to cover the expenses the SAME day the expenses occurred. I have called to complain about this to no avail. The two times I have called about this, I have been given different explanations as to how their policies justify their actions. The last time I called to complain about this, the customer service representative hung up on me.

    I am closing my accounts and switching to a new bank ASAP.

    $33 for each transaction that occurs. Thus, if 5 transactions occur and a deposit is made THAT SAME DAY to cover all transactions, an overdraft fee of $33*5 will be charged (a total of $165).

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    Reviewed April 12, 2007


    Fifth Third Bank charged me an overdraft fee for a pending charge that had not yet actually posted to my account. I had been informed by Fifth Third employees that as long as a deposit was posted to my account before the pending charge posted then my account would be okay. A week ago I used my debit card which created a pending charge. I made a deposit on the next business day and my account looked as though everything would be fine. To my surprise I incurred an overdraft fee of $33 because the pending charge created an overdraft although it had not posted to my account before I made the deposit.

    I called customer service and was told there was a policy change in January and that I got notice with my statement. The problem with that is I don't get statements mailed out to me because my account is web based . Then I was told well it should of popped up on the website...it did not. I was told that online it shows your balance including pending transactions.

    The problem with that is the balance doesn't include the overdraft fee that you are being charged, so it is not showing your actual balance as they claim. It is conveniantly misleading. The $33 fee that I had know idea that I was being charged then caused three very small dollar items to bounce thus in addtion to the origial unjust fee I now have three more fees for $33 each. Then they charge an additional $6 a day over the limit fee. The fees are snowballing to over $200 dollars which is a rip off of the consumer. There was no proper disclosure of the changes in policy and if a pending charge is going to be treated as if it posted immediately then the fee should be disclosed immediately as well, giving the consumer the chance to eliminate the snowball effect.

    If I had known that their policy changed I could have added the additonal $33 dollars but to charge more than $200 dollars to make a customer aware of policy change is unethical. How does the government let these institutions take advantage of it's customers in this way? Are banks regulated by disclosure laws? If so how are they required to notify customers of changes and how far in advance? Most customers live paycheck to paycheck and unwarranted sneaky unethical fee schemes like this should be against the law.


    As I stated above the fees have swelled to more than $200 because in their words they were doing me a favor by allowing a charge to go thru on my debit card and I must pay for borrowing money form them even though I made a deposit to cover the amount before it actually posted. There is no way I can afford to pay these fees. Their solution is to refund one $33 fee and one $6 fee for a total of $39 dollars...after creating this snowball effect

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    Reviewed Jan. 18, 2007


    I fell into default in my car loan with fifth third bank (45 days) and they repossessed my car on 12/15/06. I contacted the bank, and made my payments current on 12/19/06. Since this point, it has been a nightmare. Originally, the car was taken to Hammond, IN, to be held at the repo lot. After I made the payments current, the car was sent to the Greater Chicago Auto Auction. After numerous phone calls to the bank, I find out the car is now at the Kansas City Auto Auction. Keep in mind that my payments are still up to date. Every time I have contacted their customer service number, I have gotten conflicting information. The bank kept telling me to contact the repo lot, which in turn, told me that the bank directed them to bring the car to the Greater Chicago Auto Auction.

    I kept getting told to wait three to five business days to have the release for the car signed and returned by the Greater Chicago Auto Auction. Well, after waiting for almost a month to get my car back, on 1/17/07 (today) I am told that the car is at the Kansas City Auto Auction, and that I have to contact them. I am also told that my next payment is due 1/20/07. After all of this frustration, I told the bank that I am not making this payment to them, because I have gotten the runaround for the past month on the whereabouts of my car.

    This has been a total nightmare. I refuse to pay for a service which I am not receiving. I will never do business with this bank again, and I advise anyone that is considering doing so, not to. I feel like my car is being held hostage, even though I am current on the payments. Both the repo lot as well as the Greater Chicago Auto Auction have told me that this isn't the first time that they have seen Fifth Third Bank do this type of thing to someone.


    I have been deceived and lied to about where my car is, and despite being current on my payments, I am getting the runaround. I have lost time at work as a result of having to constantly pursue the situation.

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    Reviewed Jan. 13, 2007

    I used a Fifth Third bank machine in the Eastgate area and tried to withdraw 300.00 dollars, But the machine gave me only two hundred and fifty five dollars. Instead of 6 fifty's it gave me 5 fifty's and a five.


    Out $45.00 and interest.

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    Reviewed Oct. 15, 2005


    I closed my account with Fifth Third, using figures given to me by their customer service rep. The next day, a $2.54 cent charge came in. They charged me a $33 overcharge fee, although the account was supposedly closed the day before. I called the bank and no one there would admit to having closed my account, and they couldn't figure out who did it. I agreed to put the $2.54 in the night deposit that night, and be charged no service fees. I did so, but it never got credited. I started getting letters with ever increasing fees, daily overdraft fees, etc.

    No matter how many times I called, or how many letters I wrote, they never had any record of any of it. Finally, I got a letter saying they had closed my account and tuned me over to a collection agency. I recently got a letter from the credit collection agency with a $96 charge!


    Being turned over to a credit collection agency will harm my already stressed credit, and make it impossible for me to open an account in another bank. I would like them to remove me from the collection agency and restore my credit.

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    Reviewed July 28, 2005

    July 25, 2005 I made 3 Debit card purchases w/ my 5/3 debit card and paid my credit cards online. I am switching banks from 5/3 to Bank of America and inadvertantly paid one credit card w/ my 5/3 account. This mistake put my account into a -31.22 balance. Expecting a $33.00 overdraft fee, I was charged an overdraft fee for each of the 4 transactions to my 5/3 account. The credit card payment was the last posted to that account. I'm finding that 5/3 Bank is gouging their customers. Instead of an overdraft fee for the transaction that caused the overdraft, their lump all of that days transactions into the mix.


    Overdraft fee of $132.00 making my balance a -$163.22

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    Reviewed March 8, 2005


    Within a week our account has had two unauthorized withdrawals from our checking account. The first incident was noticed when I happened to look online at my acct. statement. It showed a withdrawal of $2,000. No check #, no location or name - just a withdrawal. This withdrawal left us without any funds to pay for checks or other payments that needed to be paid. After a day of arguing, pursuing the issue, etc., the bank agreed to put back the $2,000 until they could locate the paper trail to see why $2,000 was taken out. They found out the next day it was due to a teller error who had written a wrong account # down.

    All was put back to normal. Until today. Less than a week later I check my online statement again. ANOTHER $2,000 has been withdrawn from our checking account. It was another listing which doesn't show where, when, or whom this withdrawal was requested. After calls to the branch office we were told that they cannot call the service office to request information because they are told not to use the phone, but to email requests. They advised us that they have sent several requests, without a reply. In the meantime, our account is overdrawn again and the bank shows 4 items listed as overdrafts and notices going out today. What can we do to rectify this continuous problem?


    Currently the consequence is just time loss - time spent on the issue instead of doing our daily jobs. If the issue isn't resolved immediately, there will be businesses that will have returned checks (with costs associated with that), overdraft notices to pay, and our reputation is at risk.

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    Fifth Third Bank Company Information

    Company Name:
    Fifth Third Bank
    Website:
    www.53.com