Checking Account Option
The IAble Checking Account option is provided through Fifth Third Bank, N.A. and gives account owners a flexible way to pay for everyday expenses or save money for future expenses.
Key Benefits
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Debit card
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Unlimited check writing
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No overdraft or insufficient funds fees
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Balances earn interest
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FDIC insured
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Access to balance and transaction activity through online and mobile banking
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Fifth Third Instant Alerts: Get immediate information on account and online security and instant notices for card and spending activity
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Monthly online or paper statement options
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Access to over 50,000 fee-free ATMs
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No monthly service charge, if you a) have an average monthly balance of $250 or more during your statement cycle OR b) sign up for online paperless statements. (Otherwise, it is $2.00 per month).
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Seeks to provide preservation of principal.
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Can be selected as an option during the enrollment process in the IAble plan.
Risks
For a list and descriptions of the risks associated with the FDIC-insured Checking Option, see the Investment Option Descriptions and Appendix B - Fifth Third Terms and Conditions in the Plan Disclosure Statement.