From the Fifth Third 2020 ESG Report: Responsible Products

Jul 27, 2021 10:00 AM ET
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All products offered by Fifth Third are reviewed for compliance to align with UDAAP and any applicable consumer protection laws. In addition, the Bank undergoes a rigorous process with focus groups and, when appropriate, engages third party experts to ensure that our products fulfill our promise to put the customer at the center.

SELECT EXAMPLES OF FIFTH THIRD”S COMMITMENT TO PROVIDING RESPONSIBLE PRODUCTS

EXTRA TIME® makes additional time available, up until midnight the following business day, to make a deposit and avoid overdraft fees, available in certain markets today and coming soon to our entire retail footprint.

MyAdvance, formerly called Early Access, gives customers the ability to advance funds against future qualified direct deposits, available now, starting the monthly after direct deposit is established. MyAdvance is a more responsible and less expensive option for customers who utilize check-cashing facilities. 

Overdraft solutions, including Overdraft Coverage and Overdraft Protection, are offered by Fifth Third to help customers avoid unnecessary or burdensome fees if their account is overdrawn. Overdraft solutions are detailed at 53.com. 

Read more about Fifth Third Bank’s commitment to Responsible Banking in the Company’s 2020 Environmental, Social and Governance Report