Intro – Top Rated Florida Bank
AdvisoryHQ recently reviewed the top banks in Florida. Each bank that was reviewed demonstrates an excellence in quality, provides exceptional service, offers a wide-range of products, and affords a high-level of convenience to its customers.
Included in this list is Fifth Third Bank.
Below we have provided a detailed review of Fifth Third Bank and the specific factors we used in our decision-making process.
Fifth Third Bank Review
Fifth Third Bank is a top regional bank in Florida with over 1,200 full-service locations spread across 10 states, including Florida. Their goal is to improve people’s lives through financial empowerment.
This is one of the top Florida banks that is focused on community banking, and in 1948, they become the very first financial institution in the U.S. to establish a charitable foundation.
Some of the service areas and products offered by Fifth Third include mortgages, education planning, retirement planning, and general personal and business banking.
Ranking the Best Banks in Florida
Fifth Third has been operating for more than 150 years, making them one of the most longstanding and established banks in Florida.
See Also: BankUnited Ranking
Key Factors That Led to Our Ranking of This Bank as One of the Top Banks in Florida
Identity Theft Protection
As one of the best banks in Florida, it’s imperative that Fifth Third takes customer security and identity protection very seriously, which they do, providing a number of protective measures to safeguard their clients’ information.
Some of the protective measures offered by this top Florida bank include:
- Fifth Third Identity Alert®: This protects against major types of identity theft with automatic daily credit monitoring, credit score management tools, identity theft insurance, and more features.
- Fifth Third Identity Alert Premium®: This program is the most comprehensive protection against ID theft offered by Fifth Third, offering enhanced credit monitoring and additional protection for your child’s SSN.
For customers who have a Preferred Fifth Third Platinum Capital Account (PCA) or Private Bank checking account, there is a net cost of $0 a month for Fifth Third Identity Alert. For any other account holder, there is a net cost of $7 monthly.
With a Preferred or Private Bank checking account from Fifth Third, the Premium program is $5 per month, and with any other Fifth Third account, the cost is $10 a month.
Overdraft Solutions
Everyone makes mistakes sometimes, but with overdraft protection you can avoid paying high bank penalties if you accidentally overdraft your account. Fifth Third customers can select from two primary overdraft options: Coverage and Protection.
With Overdraft Coverage, customers have the option of enrolling for their ATM transactions and debit card purchases, and they receive protection even if they don’t have enough money in their account to cover a transaction.
With Overdraft Protection, available money is automatically moved from another Fifth Third account to avoid being overdrawn at all.
Don’t Miss: Centennial Bank Review
Fifth Third Preferred Checking®
As one of the best banks in Jacksonville, and throughout the entire state of Florida, Fifth Third offers high-level services for certain clients, including their high interest Fifth Third Preferred Checking® account.
Customers with this account enjoy premium banking, investment benefits, and additional account features. There is no monthly service fee if your deposit and investment accounts reach a combined $100,000 at anytime during the month. Otherwise there’s a $25/month fee.
Some of the many benefits of participation in this program include:
- High-yield interest checking
- Discounted self-directed online trades
- Complimentary services including custom checks, cashier’s checks, and a dedicated customer service line
- Complimentary Fifth Third Identity Alert®
- Complimentary safe deposit box
- Complimentary World Debit™ MasterCard®
- Better rates on savings accounts, CDs and loans
- No “transfer-in” fees
Related: Iberiabank | Everything You Need to Know
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Rating Summary
Fifth Third bank is a great fit if you’re looking for a top bank in Florida that isn’t too large or too small. They’re highly community focused, giving you a hometown feel, but also have the resources of a larger financial institution to offer robust banking services.
With a wide range of checking, savings, and loan product options and modern mobile and online banking tools, Fifth Third earns a 5-star rating and is one of the best banks in Florida to consider banking with in 2020-2021.
To browse exclusive reviews of all Top-Rated Banks in Florida, please click on any of the links below:
- BankUnited
- BBVA USA
- Branch Banking & Trust Company (BB&T)
- Centennial Bank
- Citibank
- Fifth Third Bank
- First Horizon Bank
- Iberiabank
- PNC Bank
- Regions Bank
- SunTrust Bank
- Synovus Bank
- TD Bank
- Valley National Bank
- Wells Fargo Bank
Image source:
- https://www.53.com/content/fifth-third/en/personal-banking/about/csr-report.html
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