Fifth Third Customers Get Tax Refunds Five Days Early, For Free
Fifth Third Bank (NASDAQ: FITB) has announced that customers with Fifth Third Momentum® Banking accounts can now receive their tax refunds via direct deposit up to five days earlier than standard processing times, at no additional cost. This service positions Fifth Third as one of the few banks nationwide offering early tax refund deposits.
The bank has been pioneering early payment technology since 2021, when it first introduced early paycheck access. In 2022, they expanded services to include early payments for gig workers and government benefit recipients. The early tax refund feature, launched in 2023, builds upon this innovation track record.
Currently, more than two million customers use Fifth Third Momentum Banking, which combines financial technology to provide faster, easier, and more secure money access. According to IRS data, 90% of electronic filers choosing direct deposit typically receive refunds within 21 days.
Fifth Third Bank (NASDAQ: FITB) ha annunciato che i clienti con conti Fifth Third Momentum® Banking possono ora ricevere i loro rimborsi fiscali tramite deposito diretto fino a cinque giorni prima rispetto ai tempi di elaborazione standard, senza costi aggiuntivi. Questo servizio posiziona Fifth Third tra le poche banche a livello nazionale che offrono depositi anticipati dei rimborsi fiscali.
La banca ha pionierato la tecnologia di pagamento anticipato dal 2021, quando ha introdotto per la prima volta l'accesso anticipato agli stipendi. Nel 2022, ha ampliato i servizi per includere i pagamenti anticipati per i lavoratori autonomi e i beneficiari di sussidi governativi. La funzione di rimborso fiscale anticipato, lanciata nel 2023, si basa su questo storico di innovazione.
Attualmente, oltre due milioni di clienti utilizzano Fifth Third Momentum Banking, che combina tecnologia finanziaria per fornire accesso al denaro più rapido, semplice e sicuro. Secondo i dati dell'IRS, il 90% dei contribuenti elettronici che scelgono il deposito diretto riceve tipicamente i rimborsi entro 21 giorni.
Fifth Third Bank (NASDAQ: FITB) ha anunciado que los clientes con cuentas Fifth Third Momentum® Banking ahora pueden recibir sus reembolsos de impuestos a través de depósito directo hasta cinco días antes de los tiempos de procesamiento estándar, sin costo adicional. Este servicio posiciona a Fifth Third como uno de los pocos bancos a nivel nacional que ofrece depósitos anticipados de reembolsos fiscales.
El banco ha estado pionero en la tecnología de pago anticipado desde 2021, cuando introdujo por primera vez el acceso anticipado a los cheques de pago. En 2022, ampliaron sus servicios para incluir pagos anticipados para trabajadores independientes y beneficiarios de programas gubernamentales. La característica de reembolso de impuestos anticipado, lanzada en 2023, se basa en este historial de innovación.
Actualmente, más de dos millones de clientes utilizan Fifth Third Momentum Banking, que combina tecnología financiera para proporcionar un acceso al dinero más rápido, fácil y seguro. Según los datos del IRS, el 90% de los contribuyentes electrónicos que eligen el depósito directo suelen recibir sus reembolsos en un plazo de 21 días.
피프스 서드 은행 (NASDAQ: FITB)은 피프스 서드 모멘텀® 뱅킹 계좌를 보유한 고객들이 세금 환급을 표준 처리 시간보다 최대 5일 빨리, 추가 비용 없이 직접 입금으로 받을 수 있게 되었다고 발표했습니다. 이 서비스는 피프스 서드가 전국적으로 조기 세금 환급 입금을 제공하는 몇 안 되는 은행 중 하나로 자리매김하게 합니다.
이 은행은 2021년 처음으로 조기 급여 액세스를 도입한 이후 조기 지급 기술의 선구자 역할을 해왔습니다. 2022년에는 프리랜서 및 정부 혜택 수급자를 위한 조기 지급 서비스를 포함하도록 서비스를 확대했습니다. 2023년에 출시된 조기 세금 환급 기능은 이러한 혁신 이력을 기반으로 하고 있습니다.
현재 200만 명 이상의 고객이 피프스 서드 모멘텀 뱅킹을 사용하고 있으며, 이는 더 빠르고, 더 쉽고, 더 안전한 돈 접근을 제공하기 위해 금융 기술을 결합하고 있습니다. IRS 데이터에 따르면, 직접 입금을 선택한 전자 신고자의 90%는 일반적으로 21일 이내에 환급을 받습니다.
Fifth Third Bank (NASDAQ: FITB) a annoncé que les clients ayant des comptes Fifth Third Momentum® Banking peuvent désormais recevoir leurs remboursements d'impôts par dépôt direct jusqu'à cinq jours plus tôt que les délais de traitement standard, sans coût supplémentaire. Ce service positionne Fifth Third comme l'une des rares banques à l'échelle nationale à offrir des dépôts anticipés de remboursements fiscaux.
La banque est pionnière dans la technologie de paiement anticipé depuis 2021, lorsqu'elle a introduit pour la première fois l'accès anticipé aux paies. En 2022, elle a élargi ses services pour inclure des paiements anticipés pour les travailleurs indépendants et les bénéficiaires de prestations gouvernementales. La fonction de remboursement d'impôts anticipé, lancée en 2023, s'appuie sur cet historique d'innovation.
Actuellement, plus de deux millions de clients utilisent Fifth Third Momentum Banking, qui combine la technologie financière pour offrir un accès à l'argent plus rapide, plus facile et plus sécurisé. Selon les données de l'IRS, 90 % des déclarants électroniques souhaitant un dépôt direct reçoivent généralement leurs remboursements dans un délai de 21 jours.
Fifth Third Bank (NASDAQ: FITB) hat angekündigt, dass Kunden mit Fifth Third Momentum® Banking-Konten nun ihre Steuererstattungen bis zu fünf Tage früher als die standardmäßigen Bearbeitungszeiten, ohne zusätzliche Kosten, per Direktüberweisung erhalten können. Dieser Service positioniert Fifth Third als eine der wenigen Banken im ganzen Land, die frühe Steuererstattungsüberweisungen anbieten.
Die Bank hat seit 2021 Pionierarbeit bei der Technologie für frühzeitige Zahlungen geleistet, als sie erstmals den frühen Zugang zu Gehaltsschecks einführte. Im Jahr 2022 erweiterten sie die Dienstleistungen auf frühzeitige Zahlungen für Gig-Arbeiter und Empfänger staatlicher Leistungen. Die im Jahr 2023 eingeführte Funktion für frühe Steuererstattungen baut auf dieser Innovationsgeschichte auf.
Derzeit nutzen über zwei Millionen Kunden Fifth Third Momentum Banking, das Finanztechnologie kombiniert, um einen schnelleren, einfacheren und sichereren Zugriff auf Geld zu ermöglichen. Laut IRS-Daten erhalten 90 % der elektronischen Steuererklärer, die Direktüberweisungen wählen, in der Regel innerhalb von 21 Tagen ihre Rückerstattungen.
- Offering tax refunds up to 5 days early differentiates FITB from competitors
- Service is provided at no additional cost to customers
- Large customer base with over 2 million Momentum Banking users
- Demonstrates continued innovation in payment technology since 2021
- None.
Fifth Third Pioneers Early Payment Technology to Deliver Tax Refunds Faster
According to the IRS, nine out of ten consumers who file electronically and who choose to receive their refund by direct deposit get their money in less than 21 days. Fifth Third cuts that wait time by five days for Fifth Third Momentum Banking customers.
“Tax refunds are a meaningful source of money for many Americans,” said Ben Mendelsohn, SVP, Director of Product Management at Fifth Third. “By automatically delivering tax refunds up to five days early, we help our customers accomplish their goals faster, like paying off debts or saving for a big purchase. Getting tax refunds to our customers up to five days early is just one more way we take the stress out of banking."
Fifth Third pioneered early payments in 2021 to allow customers to receive their paychecks up to two days early. In 2022, Fifth Third was one of the first banks to enable early payments for gig workers and many government and retirement benefits recipients; and in 2023, Fifth Third was one of the first banks to offer tax refunds up to five days early. Early payments come at no extra cost to Fifth Third customers as part of Fifth Third’s Momentum Checking product offering. Interested customers can visit Fifth Third’s tax resource center for more information on filing taxes and Fifth Third Momentum Banking.
Fifth Third Momentum Banking is an innovative banking solution that utilizes the best financial technology available to deliver customers faster, easier, and more secure access to their money. More than two million customers use Fifth Third Momentum Banking to accomplish everyday banking tasks and enhance their financial wellness and security.
About Fifth Third
Fifth Third is a bank that’s as long on innovation as it is on history. Since 1858, we’ve been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it’s one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few
Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ® Global Select Market under the symbol "FITB." Investor information and press releases can be viewed at www.53.com. Deposit and credit products provided by Fifth Third Bank, National Association. Member FDIC.
1 Early Pay is available for Fifth Third Momentum® Checking and Fifth Third Express Banking® accounts. Early Pay grants you access to your eligible direct deposit payments up to two days prior to the scheduled payment date. Federal tax refunds may be received from the Internal Revenue Service up to five days before the scheduled payment date. Early access to funds is dependent on submission of direct deposit by payer and standard fraud prevention restrictions. Free Early Pay only available with Fifth Third Momentum Checking.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250127056514/en/
Sophie Isherwood (Media Relations)
sophie.isherwood@53.com
Matt Curoe (Investor Relations)
matthew.curoe@53.com | 513-534-2345
Source: Fifth Third
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