Billing
Effective September 8, 2026, billing for commercial payments services, including Fifth Third Direct®, will transition to Fifth Third Bank practices.
- Your September billing statement reflecting August activity will mirror what you receive today.
- Beginning with your October billing statement reflecting September activity, you may notice changes in appearance and structure, pricing, terminology and calculation methodologies as billing fully aligns to Fifth Third standards.
- If auto-debit is enrolled, this will occur on October 14 concurrent with the availability of electronic statements on Fifth Third Direct.
- Invoices and paper statements will be mailed 1-2 business days following the electronic statement availability date.
- All future auto-debit and online statement viewing should be expected on or about the 8th business day of the month.
Earnings Credit Calculation Method
- Specific checking account types are eligible to receive an earnings credit allowance to offset some or all analysis-based service fees.
- Our earnings credit eligible checking accounts have a variable earnings credit rate (ECR) that may change at any time without notice.
- Unless otherwise stated, Fifth Third Bank calculates the earnings credit amount by multiplying the Average Investable Balance by the Earnings Credit Rate times thirty (30) days divided by 365 days.
- The Investable Balance is the Average Positive Collected Balance for the month less any Reserve Requirement (if applicable).
Interest Rate Calculation Method
- Fifth Third ’s interest-bearing eligible checking and savings accounts have a variable interest rate.
- We may change the Fifth Third Bank, National Association | Commercial Account Rules—April 2026 13 interest rate for your account at any time without notice. Unless otherwise stated, Fifth Third Bank’s interest calculation uses an Annual Percentage Rate (APR) that is compounded daily over an actual number of days in the month divided by the actual number of days in the year basis (365-day or 366-day year) to provide the Annual Percentage Yield (APY).
- We reserve the right not to pay interest on any deposited item that is returned to us unpaid.
- We pay interest only in whole cents; any amount of interest less than half of one cent will be rounded down.
Deposit Placement Fee Calculation Method
- Some checking account types are eligible to receive deposit placement fees while others are not.
- Our deposit placement fee products have a variable rate.
- We may change the deposit placement fee rate for your account at any time without notice.
- Bank will pay to Customer an ongoing placement fee (the “Deposit Placement Fee”) based on the Average Collected Balances in the Operating and Custodial Accounts. Unless otherwise stated, Fifth Third Bank calculates the sum of the Average Collected Balances times the Deposit Placement Fee Rate, divided by 365 times thirty (30).
- The Deposit Placement Fee will be paid by credit to the Operating Account each month, in arrears, and will be displayed on the periodic statements for the Operating Account.
- Customer agrees to maintain deposits with Bank.