Checking Accounts

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Earn $100* with one of our checking accounts.


Open a new personal checking account and get a $100 bonus when you set up direct deposit and sign up for eStatements.*


Why Choose a BankFive Checking Account?


Our personal checking accounts make it easy to manage your money:



Six great checking accounts to choose from! Open online, or visit a branch near you. If you’re applying in person, mention code 100_checking_offer.


Where to Find Us


Visit us at any of our branches in the SouthCoast area of Massachusetts: Dartmouth, Fairhaven, Fall River, New Bedford, Somerset, Swansea, and Westport. Or in Rhode Island: Bristol and Warwick


*$10 minimum deposit required to open Basic Checking, Free Checking, eAccess Checking, Student Checking, or Relationship Checking account. No minimum deposit required to open Veterans Checking account. Fees will apply for other services such as overdraft fees and stop payment fees. Refer to our Account Disclosures for the terms and APY (if applicable) of each account option. Set up of monthly direct deposit and enrollment in electronic statements are required to earn bonus. $100 bonus will be credited to the account within 60 days of conditions being met. Conditions include: first direct deposit being made into the account, and enrollment in electronic statements. Both of these conditions must be completed within 60 days of account opening. BankFive will issue a 1099 for the $100 bonus. Offer subject to change without notice. Other terms and conditions may apply. All account disclosures are provided in English. Account must be opened by 12/31/25.


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Want that new checking account bonus*? Your Rhode Island or Massachusetts checking account is just a click away.



Relationship CheckingeAccess CheckingBasic CheckingFree CheckingStudent Checking1Veterans Checking
Monthly Maintenance Service Charge$5.002NoneNoneNoneNoneNone
In-Branch Service Fee (per visit)

None

$5.003

None

None

None

None

Earns InterestYesYesYesNoNoNo
Interest Rate0.15%1.00%0.05%N/AN/AN/A
APY40.15%1.00%0.05%N/AN/AN/A
Minimum Balance to Obtain APY4$100$10$10N/AN/AN/A
Free ATM UseYes5Yes6Yes7Yes7Yes6Yes7

Open OnlineOpen OnlineOpen In-BranchOpen OnlineOpen OnlineOpen Online


1 Student Checking is only available to those ages 16-24. On 25th birthday, account automatically changes to eAccess Checking, subject to the terms and conditions, terms of service, and fees of that account.


2 $5 monthly maintenance service charge waived with minimum $10,000 relationship of deposits and loan balances.


3 As an Internet-only account, we are passing along our cost-savings of servicing the account only online to you by giving ATM surcharge rebates and interest. We will charge $5 per visit for in-branch transactions. 


4 APY = Annual Percentage Yield. Rate may change after account is opened. Fees may reduce earnings.


5 BankFive will not impose an ATM service fee at non-BankFive ATMs for Relationship Checking customers. Other banks may impose a surcharge for the use of their ATMs however.


6 Free at all BankFive and SUM Network ATMs. BankFive may impose a $1.50 service fee at non-BankFive ATMs that are outside of the SUM Network. Other banks may impose a surcharge for use of their ATMs as well. However, for eAccess and Student Checking accounts, BankFive will reimburse incurred ATM fees up to $10 per statement cycle.


7 Free at all BankFive and SUM Network ATMs. BankFive may impose a $1.50 service fee at non-BankFive ATMs that are outside of the SUM Network. Other banks may impose a surcharge for use of their ATMs as well.