Fifth Third Bank’s Tax Refund Perk: Get Paid Faster, No Strings Attached
Tax season can be a stressful time, especially when waiting weeks for your refund to hit your account. Fifth Third Bank is here to change that with a major perk for its customers, early access to federal tax refunds, up to five days before the official deposit date, and at no extra charge.
This exciting feature is available to customers who use Fifth Third Momentum or Express Banking accounts. By setting up direct deposit for their tax refunds, customers can skip the standard waiting period and enjoy faster access to their money.
Why This Matters
For many people, tax refunds are more than just a nice bonus they’re essential for paying bills, paying off debt, or saving for big expenses. “We know how important this money is to our customers,” said Ben Mendelsohn, Senior Vice President at Fifth Third. “Getting refunds to them faster is just one more way we make banking easier and less stressful.”
How It Works
The IRS typically takes up to 21 days to process electronically filed tax returns with direct deposit. However, Fifth Third’s system ensures that once the IRS processes your refund and submits the deposit, eligible customers will see the funds in their accounts up to five days earlier. There are no hidden fees or catches just faster access to your money.
A History of Early Payments
This isn’t the first time Fifth Third has offered early payment perks. In recent years, the bank introduced early paycheck deposits, allowing customers to access their paychecks up to two days ahead of payday. It also expanded this feature to include gig workers and government benefit recipients. The tax refund service is the latest addition to its customer-first approach.
Who Can Benefit?
To take advantage of this, you need to have either a Fifth Third Momentum® Checking or Express Banking® account. Customers simply need to set up direct deposit with their tax refund information, and they’re good to go.
Why It’s Worth It
If you’ve been waiting for your refund to tackle bills or build your savings, this service can make a real difference. It’s an easy way to gain faster access to your money without paying extra fees or dealing with loan advances.
With tax season now in full swing, Fifth Third’s initiative comes as a welcome relief to those eager to get their refunds faster. Whether you’re using it to pay off credit cards, cover monthly expenses, or save for something big, this feature makes accessing your refund simpler and quicker.
For more details, visit Fifth Third’s Tax Resource Center and get started today!
