Fifth Third announced that Comerica customers transitioning to its banking platform will gain access to lower fees, early direct deposit, and expanded banking benefits when the conversion completes on September 8. Many customers will move into Fifth Third's Momentum Checking account, which has no monthly maintenance fee and no minimum balance requirement, potentially saving up to $264 annually compared to their current Comerica accounts. The transition also introduces Extra Time, which gives customers until midnight ET the next business day to cover overdrafts and avoid fees, and Early Pay, which allows eligible direct deposits to arrive up to two days early. Customers will gain access to a larger network spanning 15 states with approximately 1,750 branches and more than 21,000 in-network ATMs, along with an award-winning mobile app featuring AI-powered tools and fraud protection through SmartShield.
Fifth Third BancorpFifth Third gains new customers from Comerica transition, expanding its deposit base and fee income.