The monthly credit limit calculation for a MyAdvance line of credit opened 90 days or less is based upon qualified direct deposits from the previous 35-day period. MyAdvance is a short-term form of credit that allows eligible Fifth Third personal checking customers to take an advance on their next qualified direct deposit. We may be able to offer other options that are less expensive and more appropriate for your needs.
Fifth Third MyAdvance ® is an expensive form of credit.
Fifth Third Bank does not provide tax or legal advice consult your attorney or tax advisor.Certain limitations may apply based on applicable state or federal law.Fifth Third will look back 35 days from your statement cycle to calculate your total direct deposits. Requires monthly direct deposits totaling $500 or more. $5 discount will be applied to the monthly service charge for Preferred Checking ® accounts.One of the Fifth Third Preferred Checking ® account owners must be listed as an owner on the other accounts to count towards the $100,000 combined balance. A combined balance considered to be the sum of all bank deposit accounts (Checking, Savings, bank CDs, bank IRAs and money market deposit accounts) +, certain bank Investment Management Accounts (Individual IMA, Managed and Self Directed IRA and Custody accounts) ++ and Fifth Third Securities Accounts (Brokerage accounts, Brokerage IRAs, Passageway Managed Accounts, and variable annuities) *.Account must be funded within 45 days of opening. No minimum deposit required to open a checking or savings account.Financial Insights About Us Customer Service Online Banking Login Branch & ATM Locator Search.Additional Sources of Capital for Small Businesses.
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