NASHVILLE, Tenn.--Fifth Third Bank has announced several programs to help customers affected by the novel coronavirus.
In a press release issued Thursday, President and CEO Greg D. Carmichael stated "Our goal is to stand with our customers to help them and our communities get back on their feet. We are here to help our customers when they need us most.”
Fifth Third is offering the following hardship relief programs to customers:
Vehicle Payment Deferral Program: We are offering a payment deferral for up to 90 days and no late fees during the deferral period.
Credit Card Deferral Program: We are offering a payment deferral for up to three payments and no late fees during the deferral period.
Mortgage and Home Equity Program: We are offering 90-day payment forbearance with no late fees.
Small Business Payment Deferral Program: We are offering a payment deferral program for up to 90 days, no late fees and a range of loan modification options. We are waiving all fees on our Fifth Third Fast Capital loans for 6 months.
Fee Waiver Program: We are offering to waive fees for up to 90 days for a range of consumer and small business deposit products and services.
We are suspending initiating any new repossession actions on vehicles for the next 60 days.
We are suspending all foreclosure activity on homes for the next 60 days.
In order to participate in the programs, customers must contact the bank at 53.com or call 800-972-3030 Monday through Saturday.