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Fifth Third Bank’s Payday Loan Business (aka Early Access)

Today when signing into Fifth Third’s website to check my bank account, I saw a link which would allow me to sign up for a new service called Early Access. Not knowing what this is I clicked on the link, only to see that Early Access is nothing more than easy-to-use payday advance lending. More information is available about it on this page, but I think it’s particularly telling that the bank specifically states in the disclosures section that:

Fifth Third Early Access is an expensive form of credit and should only be used in situations where you need funds quickly and you do not have access to less expensive forms of credit.

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