Cincinnati - Fifth Third Bank will offer its customers access to more than 45,000 fee-free ATMs nationwide beginning this month as it joins the Allpoint® ATM network.
Allpoint®, the world’s largest surcharge-free ATM network, will add 43,000 new ATM locations across the country to Fifth Third customers. Fifth Third has 2,500 ATMs and partners with grocery store chain Publix for another 1,100 ATMs.
“Consumers don’t want to pay to access their own money,” said Chad Borton, head of the Consumer Bank and executive vice president for Fifth Third Bancorp. “Fifth Third recognizes that our customers want to be able to withdraw money where and when it’s convenient and easy for them without paying a fee. Our expansion with Allpoint® will give our customers fee-free ATM access virtually anywhere in the U.S.”
The new ATM network will be within Fifth Third’s footprint, as well across the nation from San Diego to New York City.
Finding a fee-free ATM will be quick and easy for Fifth Third customers. They can use the ATM locator on 53.com, which will include all Fifth Third ATMs and partner ATMs, which are all fee free. In early August, this information will also be available through the Fifth Third mobile banking app.
In the Greater Cincinnati Metro Area, for example, Allpoint® adds 302 fee-free ATMs to Fifth Third’s network. In Cincinnati, fee-free ATMs will be available in Target, Walgreens and CVS stores, as well as select BP and Marathon stations and other businesses.
ATM fees can be a big frustration for consumers, with an average national ATM surcharge and financial institution fee of $4.52 per transaction. A Fifth Third customer withdrawing money once a week from a fee-free ATM could save about $235 a year.
Some AllPoint® ATMs may be branded by another financial institution or retailer; as long as the Allpoint® name or logo is on the machine, it is free to Fifth Third customers.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $142 billion in assets and operates 1,241 full-service Banking Centers, including 95 Bank Mart® locations, most open seven days a week, inside select grocery stores and over 2,500 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has an 18.3% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of March 31, 2016, had $303 billion in assets under care, of which it managed $26 billion for individuals, corporations and not-for-profit organizations.Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded on the Nasdaq® Global Select Market under the symbol “FITB.” Fifth Third Bank was established in 1858. Member FDIC, Equal Housing Lender.