Round-Up to Pay Off Student Loans Faster
Welcome to Fifth Third Momentum®
Fifth Third Momentum® works automatically by rounding up your debit card purchases and applying the round-up amount to your student loan balance. Making these weekly smaller payments—in addition to your regular student loan repayment—can make a quick dent in your debt. In five easy steps, you can begin the journey that ends with paying off your student loans faster, while saving in interest along the way.
Add Your Student Loan Account
Add the loan account* where you want contributions to be made.
Add Your Fifth Third Debit Card
Connect your Fifth Third debit card to your Fifth Third Momentum® app.
Make a Purchase
Use your card for everyday purchases and Fifth Third Momentum® will automatically round them up to the nearest dollar or by a full dollar
Pay Yourself Back
Watch as your daily activity contributes to paying down your student loans.
- Automated and easy to use!
- Choose between two round-up options, letting you pick the impact you’ll make.
- Round-ups are calculated and taken daily from your Fifth Third Checking account.
- Automated payments go out every Friday as long as you have accumulated $5 in round ups.
- Track your round-ups and payments to see the progress you’re making.
- Conveniently update your accounts and preferences all within the app.
- A fun and positive experience that makes small change rewarding.
- All funds are held at Fifth Third Bank, an FDIC-insured bank.
- When you use any of our apps, all of your information is protected with data encryption to help prevent unauthorized access.
- Push notifications not only encourage you, but also provide important updates.
Want to Refinance Your Student Loans and Refresh Your Future?
Fifth Third has teamed up with CommonBond, a leading student loan lender, to offer student loan refinancing options to Fifth Third customers.1
A Student Loan Repayment Story
Jasmin grew up on the south side of Chicago where she dreamed of becoming a nurse. Yet, like 44 million Americans, achieving that dream meant taking on student loans. Jasmin’s $150,000 of debt made her question her choice to pursue her calling. Now, she’s free of student debt. Watch her inspiring story.