Offer Detail
Written by: RJ
Requirements
- Open a new Momentum or Premier Checking account
- Direct deposit $500 within 90 days of account opening
Eligibility
- FL, GA, IL. KY, MI, NC, OH, TN, WV
- Can’t have had an account in the last 12 months
Fees
- Momentum Checking – No account fees
Account Closure
- No closure rules listed
- I opened in branch my first go around with this in 2021 and the banker told me to keep it open 90 days. Second play through I let Fifth Third auto close the account for me; which they’ll do if it’s inactive for about 45 days.
Valid through 9/30/24
Thoughts
This is one of my favorite offers to churn once a year. The highest offer I’ve seen is $375, I’d wait for that to come back around.
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Opened account on 1/30/24. DD $524 from Chase Business checking account. Didn’t receive bonus. 2/8/24 DD another $329. Still no bonus. 100% positive code was applied when opening account. Anybody else have to wait this long?
I’m actually an employee for 5/3, and am bummed that I can’t take advantage of their good and easy bonuses. However, I like using it as my home bank account for bonus hunting. Ironically, I used to be so annoyed with the people who only open accounts for the bonus. Now I am one haha
My DP:
$500 DD from Novo: 2/21
Bonus Paid: 2/22
Removed all funds: 3/16
Fifth Thirds Closed Account due to dormancy: 5/1
Targeted mail offer have seen someone personally get is $450 several weeks ago; offer expires 5/15/2023 this round Direct deposit $3000 in ninety days for the elevated offer.
And by targeted offer was a code that came in the mail that was not person specific (not sure on household specific). It did pay out on their time frame.
Should read “here” but RJ won’t let me edit.
No idea how I missed this one – it’s up next for P1/P2. Great call – this 2023 update isn’t even on the good Dr’s website.
This is a good one and they pay quick. The highest we’ve seen is $375 last spring but who knows when that’ll be back around. I’d say this is worth doing.
Some additional info:
Almost anything counts as a DD. I am going to “be my data point” and try a push from DCU savings over her for $501.
Seems that this one pays the NEXT DAY after a DD posts.
There is a 13 month requirement in between churns.