Fifth Third Bank Early Access product gives replacement for cash advance, though at high APR
One area bank is offering its “good standing” bank account clients an alternate to the cash advance along with its very very very own loan product that is short-term.
Nonetheless it nevertheless comes at a price that is high.
A hefty APR to borrow money this way while the fees for Fifth Third Bank’s Early Access program are lower than the annual percentage rates of payday loans, you’ll pay.
5th Third, which rolled out of the item in Michigan fall that is last states the loans all the way to $500 once per month have an APR of 120 %. Read more