Paying Bills from Your Savings Account
According to Regulation D, you are limited to six restricted preauthorized or automatic withdrawals per calendar month from a savings account (refer to Rules and Regulations). Customers are charged a fee for savings account transactions that exceed the allowable Regulation D limits.
Making Payments from Multiple Funding Accounts
You can make payments from several funding accounts.
When You Close a Funding Account
If you close a bill pay funding account, all payments associated with that funding account within the bill pay system will be canceled—they would not be moved to an alternative funding account if one existed.
What happens if I close my funding account and have another account I want to use for bill pay?
If you close your original bill pay funding account and have another funding account you want to use, your payees will still be available in the bill pay system but any payments you would like to make will have to be recreated. In advance of closing the account from which the payments are scheduled, you could log into bill pay and change the funding account on those payments to another funding account.
What happens if I close my funding account and do not have another account for bill pay?
If you close your original bill pay funding account and do not have another funding account, your bill pay account will be closed and all payees/payments will be deleted. If you return to Fifth Third Bank to open a new account, you will have to recreate your payees and set up payments.