These moves follow Fifth Third’s February announcement that its $10.9 million merger with Comerica closed, establishing the ninth-largest U.S. bank by assets.
Fifth Third’s welcome packages explain the transition, which in many cases will provide Comerica customers with opportunities to save money, access funds sooner and gain greater flexibility in how they manage their finances, according to the release.
For example, Fifth Third’s Momentum Checking account has no monthly maintenance fee and no minimum balance requirement, while several Comerica checking products charged monthly fees to customers who didn’tmeet certain balance or activity requirements, the release said.
In addition, Fifth Third offers tools designed to help customers avoid unnecessary overdraft charges, a free checking feature that allows eligible direct deposits to arrive up to two days early and eligible federal tax refunds to arrive up to five days early, a branch network that will span 15 states, more than 21,000 in-network ATMs, and an award-winning mobile banking experience, per the release.
“As customers receive their welcome package, we want them to understand that this transition is about receiving greater value in their everyday banking experience,” Ben Mendelsohn, director of product management at Fifth Third, said in the release.
Fifth Third Chairman, CEO and President Tim Spence said during a July 17 earnings call that the bank is seeing early results of its merger with Comerica, is making progress on the integration and is set to launch its system conversion over Labor Day weekend.
When Fifth Third announced in October 2025 that it planned to acquire Comerica, the bank said the merger would help with its expansion plans. Fifth Third said it anticipated that more than half its branches will be based in the Southeast, Texas, Arizona and California by 2030.
Fifth Third announced in June that it was rolling out Fifth Third for Business, a small business banking experience that combines digital lending, faster payments and local banker support.
