Fifth Third Bank at a glance
Fifth Third Bank is a financial institution based in Cincinnati, Ohio, USA. The bank provides a wide range of financial services to individuals, businesses, and commercial clients, including deposit accounts, loans, mortgages, credit cards, and wealth management services.
The bank serves over 10 million customers, including individuals, small businesses, and commercial clients. It also offers a range of foreign exchange (FX) wire services to help clients manage their international payments and foreign currency transactions.
How do Fifth Third Bank exchange rates compare?
When you get a quote for your foreign wire transfer from Fifth Third Bank on their website, in-app or in-branch, you should make note of the Fifth Third Bank exchange rate, but it can be difficult to then calculate how much markup from the market rate you are being charged.
Our research shows that on average, the Fifth Third Bank exchange rate markup for foreign wires is somewhere between 3 - 8%, depending on the amount you're sending, where you're sending it to and which currency will be received.
While all banks in the USA charge this type of markup, we make it easy to see how much you can save by using a global money transfer specialist.
Sending money to Eurozone can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to Eurozone bank accounts or pay a Euro invoice.
