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Fifth Third Bank Introduces Mobile Check Deposit Service

Stocks in this article: FITB

Fifth Third Bank today announced the introduction of mobile deposit functionality for iPhone and Android users. This service is now available in all Fifth Third Bank markets.

“The ways in which consumers interact with their bank are constantly evolving,” said Larry McClanahan, vice president and director of Digital Delivery for Fifth Third Bank. “We continue to see customers choose channels such as mobile to manage their finances. The enhancements we’ve made since introducing mobile banking four years ago – including the introduction of mobile deposit – reflect this shift in consumer preference and expectations.”

To use the mobile deposit service, customers will need to update or download the Fifth Third Mobile Banking app. Customers will then choose the “Deposit Check” icon, take a photo of the front and back of the check, choose the account to deposit the check and confirm the amount. A confirmation will display once the item is accepted. Customers may deposit as late as 8 p.m. Eastern time to process the check the same day.

Fifth Third launched mobile banking in 2009 and now offers customers the ability to view account balances and transaction history, pay bills, transfer money between Fifth Third Bank accounts, locate the nearest Fifth Third Banking Center or ATM and make check deposits.

For additional information visit www.53.com/mobilebanking.

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $122 billion in assets and operates 18 affiliates with 1,324 full-service Banking Centers, including 106 Bank Mart® locations open seven days a week inside select grocery stores and 2,413 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has a 33% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of December 31, 2012, had $308 billion in assets under care, of which it managed $27 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third's common stock is traded on the NASDAQ® National Global Select Market under the symbol "FITB." Fifth Third Bank. Member FDIC.

Mobile Internet data charges may apply, as well as text message charges. Please contact your mobile service provider for details. $50 minimum deposit to open a new checking account.

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