MTB - Fifth Third Bank to end non-sufficient fund fees for consumer accounts

Fifth Third Bank (NASDAQ:FITB) will eliminate non-sufficient fund fees for all consumer accounts starting June 23, the regional lender said Thursday. The bank has joined a handful of depository institutions that either stopped or reduced non-sufficient fund fees over the past year, including Trustmark (TRMK), M&T Bank (MTB) and Bank of America (BAC). "We continue to innovate and provide customers the widest possible range of options to gain access to their money faster and avoid fees to cover a cash-flow shortfall,” said Howard Hammond, head of Consumer Banking at Fifth Third. In mid-March, Fifth Third Bank declared a quarterly dividend of $0.30 per share.

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Fifth Third Bank to end non-sufficient fund fees for consumer accounts