Answers to our customers' most frequently asked questions.

What address should I mail my loan payments to?

Please note that as of October 1, 2021, we have a new address for loan payments. Please mail your loan payments to:

Fall River D/B/A BankFive
Department 2400
PO Box 986500
Boston, MA 02298-6500

Please include your payment voucher or account number with your check. You may also make loan payments from your BankFive account through Online Banking. Click the "Make a Transfer" link under the "Move Money" menu and select the payment and loan accounts from the list.

If you use Bill Pay to send your loan payments, please ensure you are using the address above.

Do you offer any special accounts for those under the age of 18, or over the age of 65?

Yes, our Free Checking, Basic Checking, and Passbook Savings accounts have no monthly maintenance service charges associated with them, and offer special benefits and reduced fees to those under 18 years old and those 65 and older. In addition, our Nickels Savings Account for Kids is a great way for children to learn the value of saving. We also offer a Student Savings account and a Student Checking account that can be great for high school students.

Can I make a deposit by mail?

Yes, please mail to Attention Branch, 79 North Main Street, Fall River, MA 02720, and please include a deposit slip or deposit instructions. You may also request a "Bank by Mail" envelope which includes a deposit slip.

Can I make a one-time or a same-day loan payment?

Yes, we have options that allow you to make one-time payments to any loan that you have with BankFive, including Residential, Personal and Commercial loans. Either of the payment options below will allow for any denomination of payment to be made, including Regular Payments, Escrow Only Payments, Principal Only Payments as well as payments to satisfy late fees.

  • Online Payment from BankFive account Transfer funds from an existing BankFive Checking or Savings account to pay your loan.  This can be done from your BankFive account through Online Banking. Click the "Make a Transfer" link under the "Move Money" menu and select the payment and loan accounts from the list.
  • Online Payment from External BankPayments can be made through Secure Forms when you are logged into Online Banking. Click the "One Time Loan Payment Request" link under the "Secure Forms" menu. External Bank payments received before 4PM on a business day are applied same day, after 4PM will be applied next business day but the withdrawal may take 48 hours to reflect in your external account. If the payment information provided is not valid, your payment on your loan will be reversed and a fee may apply. Please note that there is a $10 charge for each one-time payment made using Secure Forms.

Can I set up a recurring loan payment online from my external bank?

Yes, visit a branch or contact the Customer Contact Center to have a recurring loan payment form mailed or emailed to you.

Can I use Mint.com to manage my BankFive accounts?

Yes. To use Mint.com with your BankFive accounts, you will first need to have an Online Banking account. Once you have established your Online Banking username and password, log into your Mint.com account, click the "Add Accounts" button, and search for "BankFive". To link your personal BankFive accounts, choose "BankFive (MA)". To link your business BankFive accounts, choose "BankFive(MA)- Business Banking". Once you have selected the appropriate profile, you will be prompted to enter your Online Banking username and password to link your accounts with Mint.com.

Can I use my debit card at the gas pump?

Yes. You will be asked to enter your PIN, and you may be asked to enter your zip code.

Does BankFive offer Safe Deposit boxes?

Yes, for more information on our safe deposit boxes, and for a list of which branches they are offered at, please visit our Safe Deposit Boxes page.

How can I order new checks?

  • You can order checks from our preferred partner, Harland Clarke. You can place your check order in any of our branches, or through Online Banking.
    • For personal accounts, log into your Online Banking account and clicking the "Check Order" link under the "Additional Services" menu.
    • For business accounts, log into your Online Banking account, and click the "Service Center" tab. In the "Account Services" box, you should see a "Reorder Checks" link. This will bring you to a page that lists your accounts, and you can order checks by clicking on the "Order Checks" link next to the account for which you'd like the new checks.
  • Please note that while there are many check providers who can print checks, Harland Clarke offers free added benefits including recovery support, lost wallet and document replacement, check replacement, and expanded support.

How can I transfer funds from my HELOC to my account at another bank?

In order to transfer HELOC funds to an external account at another financial institution, you will first need a BankFive Checking account. Once you have a BankFive Checking account, you can transfer funds from your HELOC to your BankFive Checking account using Online Banking or the BankFive mobile app. Simply click the "Make a Transfer" button in the mobile app, or select "Make a Transfer" from the "Move Money" menu in Online Banking. Then, you can transfer the funds from your BankFive Checking account to an account at another financial institution. Just log into Online Banking and click the "External Transfers" link under the "Move Money" menu. Please note that External Transfers is not currently available in the BankFive mobile app.

How do I access telephone banking and what services does it offer?

  • Our telephone banking service can be reached by calling (888) 833-5595. No enrollment is needed. Please use the last 4 numbers of your SSN as a temporary PIN number. You will be prompted to change your PIN after initial access. 
  • By calling our telephone banking service you can do the following:
    • Check your account balances
    • Review recent transactions
    • Hear a list of checks that have cleared the account
    • Get the status of a specific check
    • Hear interest information for the account
    • Transfer money between your BankFive accounts
    • Make loan payments
    • Reset your telephone banking PIN number
    • Report a lost or stolen debit card
    • Obtain current branch hours
    • Obtain rate information for BankFive products

How do I activate my debit card or ATM card?

Call 1-800-992-3808 and answer the prompts to activate your card.

How do I change my mailing address?

You may change your mailing address by completing a Change of Address form. The form is available in Personal Online Banking by clicking on the "Address Change Request" link under the "Secure Forms" menu. You may also call us at (774) 888-6100 to have the form sent to you, or you may visit any of our 13 branch locations.

How do I change the legal name on my account?

If your name has changed, please visit one of our branches with your government issued ID. If your government ID does not yet reflect your new name, please bring proof of the name change (for example, your marriage license or divorce decree). Depending on the type of account, you may also need to complete a new signature card or account contract.

How do I close my account?

You may close an account by calling us at (774) 888-6100, by visiting any of our 13 branch locations, or by sending a request by mail. If sending a request by mail, please include a signature for verification purposes, and please mail to BankFive, Attention Customer Contact Center, 79 North Main Street, Fall River, MA 02720.

How do I log into Online Banking?

You can log into your personal or business Online Banking profile via our homepage, or through the BankFive or BankFive Business mobile apps.

How do I request a new debit card or ATM card?

If you already had a debit card or ATM card with us, and it has been damaged, lost, or compromised, please call us right away at (774) 888-6100. If you have never had a debit or ATM card with us before, and are looking to obtain your first card, you will need to complete an application. You can obtain this form in a branch, or by logging into your Online Banking account, and clicking on the "ATM/Visa Debit Card Application" link under the "Secure Forms" menu.

How do I request eStatements?

For personal banking customers, log into Online Banking, and click the "eStatements" link under the "Additional Services" menu. For business banking customers, log into Online Banking, click the "eStatements" tab, and then click the "View eDocuments" link. You will need to review and accept our eDocuments disclosure and view a statement to complete the request.

How do I set up direct deposit with my employer so that my paychecks can be automatically deposited into my BankFive account?

We would recommend downloading our Direct Deposit Form, filling it out, and returning it to your employer. This form contains the information your employer should need to set up direct deposit for your paychecks. Please note that some employers may require you to fill out their own form, but the requested information will likely be similar to BankFive's Direct Deposit Form.

How do I sign up for Online Banking?

  • You can sign up for personal Online Banking by clicking on the "Sign Up" link in the BankFive mobile app, or by clicking the "Register" link in the Online Banking box on our homepage.
  • You can sign up for business Online Banking by clicking on the "Register" link in the BankFive Business mobile app, or by contacting us.

I requested a security code to log into Online Banking, but I haven't received it. What should I do?

  • If you've requested a security code for multi-factor authentication, but haven't received it, we recommend trying another delivery method. For example, if you chose the "Call me" method and didn't receive a phone call, try the "Text me" or "Email me" option instead, if they're available to you. Unfortunately, the delivery of the security codes needed for multi-factor authentication can sometimes be blocked by your phone carrier, email provider, or internet service provider. For this reason, we recommend enabling various forms of communication such as email, text message, and phone call delivery. That way, if you have trouble retrieving your security code, you can try another delivery method.
  • If you don't yet have multiple communication methods enabled, and are not able to retrieve your security code, you may call us at 774-888-6100 for assistance accessing your account. Once you are able to log into your account, we would strongly recommend adding another method of communication for your account to avoid this problem in the future. Your security options can be designated within Online Banking by clicking "My Settings".

I was notified by one of my Online Bill Pay payees that my payment was made with a debit card. I know it isn't my debit card because the last four digits are different. I sent a Bill Pay through Online Banking, so how was it paid with a debit card that is not mine?

Depending on the payee, some Bill Pay payments are processed using a virtual debit card. To you, the payment looks like a check or electronic transfer, but because the payee receives the virtual debit card payment, the payee (for example, Comcast or Verizon) may send an automated message thanking you for your debit card payment and listing the last four numbers of the virtual debit card. Your personal debit card is not used for this service. In this case, a virtual debit card is simply the method of moving the funds.

On which holidays is the bank closed?

BankFive follows the Federal Reserve's Holiday Schedule. BankFive will be closed on the following holidays. Please note that if the holiday falls on a Sunday, BankFive will be closed on the following Monday as well.

  • New Year's Day
  • Martin Luther King Jr. Day
  • Presidents Day (also referred to as Washington's Birthday)
  • Memorial Day
  • Juneteenth
  • Independence Day (also referred to as the Fourth of July)
  • Labor Day
  • Columbus Day (also referred to as Indigenous Peoples Day)
  • Veterans Day
  • Thanksgiving Day
  • Christmas Day


In addition, the bank typically closes early on Christmas Eve and New Year's Eve. We recommend checking the BankFive homepage a few days in advance of Christmas Eve and New Year's Eve, as exact closing times will be posted there.






We are closed on Easter Sunday as well, but because Easter is not a Federal Reserve Holiday, we are open the following Monday.

Also, BankFive has made the decision to close on both Mother's Day and Father's Day, to allow our employees to spend the day with their families and loved ones.

What are the bank's hours?

Our hours vary by location. To view the hours for our specific locations, please visit our Locations page, and click on the "Hours, Directions & More" link next to your desired location.

What fees are associated with BankFive accounts?

Please refer to our Fee Schedule for information regarding our fees.

What happens if I write a check and don't have the funds to cover it?

Knowingly writing a check that you don't have the funds to cover is unlawful. However, from time to time, the need for short-term overdraft protection does occur. BankFive offers courtesy Overdraft Privilege for these occasions.

It is important to note, we are not obligated to pay any item presented for payment if your account does not contain sufficient funds. If we honor an item for you that is presented against insufficient funds, the amount of that item PLUS the bank's Overdraft/NSF fee of $35.00 (per item) will be deducted from your account. This fee is applicable on a per item basis for each item that is presented against insufficient funds. This fee is reduced to $5.00 for account holders 65 and older. Click here for the full Overdraft Privilege Disclosure.

What is BankFive's routing number?

BankFive's routing number is 211370642. Our routing number is also located at the bottom of our website pages, in the footer section. You can also locate our routing number on your BankFive checks. The first grouping of numbers at the bottom of your checks is the bank's routing number, and the second grouping of numbers is your account number.

What is considered "an account in good standing"?

A checking account in good standing is defined as one that has regular deposits and is brought to a positive balance at least once every 30 days for a minimum of 24 hours and has no delinquent loans with us, legal orders, liens or levies outstanding.

What is Overdraft Privilege?

BankFive Overdraft Privilege applies to overdrafts caused by checks, in-person withdrawals, ACH transactions, preauthorized automatic transfers, internet banking, mobile banking and telephone banking transactions. When an account has insufficient funds to cover a check presented for payment, Overdraft Privilege allows the check to clear, the account to have a negative balance, and a $35 fee is charged for each item presented. No application is required for our BankFive Overdraft Privilege; eligibility is at the sole discretion of BankFive and is based on you managing your checking account in a responsible manner. Must be 18 or older to be eligible. If the account does not have Overdraft Privilege, the item is rejected and a $35 fee is assessed.

ATM and one-time debit card transactions will not be covered by this service unless you have elected to OPT IN to this service. You must call our Customer Contact Center, complete a form in a branch or through secure message in online banking to opt-in to ATM and one-time debit card transactions. 

For the full Overdraft Privilege Disclosure, click here.

What should I do if I forget my Online Banking username or password?

  • If you have forgotten your Online Banking password, click the "Forgot Password" link in the Online Banking login box on our homepage.
  • If you are a Personal banking customer and have forgotten your Online Banking username, click on the "Forgot Password" link in the Online Banking login box on our homepage, and then click on the "I forgot my username" link that appears at the bottom of the page.
  • If you are a Business banking customer and have forgotten your Online Banking username, please contact us at (774) 888-6100.

What should I do if I notice any suspicious activity or transactions in my account?

If you notice anything suspicious with your accounts, please call us immediately at (774) 888-6100 to provide details.

What should I do if my debit card or ATM card is lost or stolen?

To report a lost or stolen debit or ATM card, please call us immediately at (774) 888-6100 during normal business hours, or after hours at 1-800-472-3272.

When will my mobile deposits become available?

Mobile deposits confirmed as received before 4:00 p.m. on a business day will be credited to your account the same day. Deposits confirmed as received after 4:00 p.m. on a business day, and deposits confirmed as received on holidays, or days that are not business days, will be credited to your account the following business day. For information on when your funds will become available (in other words, when you will be able to withdraw them), please review our Funds Availability disclosure by clicking on the "Your Ability to Withdraw Funds" link on our General Disclosures page. Information regarding mobile deposits can be found in the section titled "Deposits at Automated Teller Machines/Mobile Deposit".

Where can I download the BankFive mobile app?

You can download the BankFive mobile apps from the iTunes App store and the Google Play store. Please note that we have two separate apps; one for personal banking, and one for business banking. Our personal banking app has an icon with a white background, while our business banking app has an icon with a purple background. 

Where can I find my account number?

  • On your checks
    • Your account number is the second grouping of numbers at the bottom of your checks (the first grouping of numbers is the bank's routing number).
  • Within your Personal Online Banking account
    • Log into your Personal Online Banking account and click on the name of the account in the "My Accounts" section. Then, click on the downward pointing arrow under "Account Details". The type of account, the account number, the APY, the interest rate, and the accrued interest will now be visible.
  • Within your Business Online Banking account
    • Log into your Business Online Banking account. The account name, nickname, account number, current balance, and available balance should be visible.
  • By calling us
    • If you do not have checks or an Online Banking account, please call us for your account number at (774) 888-6100.

Why do I keep getting asked for a security code every time I try to log into Online Banking?

  • Our Online Banking platform utilizes multi-factor authentication in order to safeguard our customers' accounts. Any time you attempt to log into your account from an unrecognized device or internet browser, you will be prompted to generate a security code, which will be delivered to you by phone call, text message, or email (depending on your account settings and preferences).
  • Clicking the "register my private device" button during multi-factor authentication will generally prevent you from needing a security code during future logins from that same browser and device, however any time you clear your browsing history, utilize a private browsing window, or use a browser or device you've never used before, you will be prompted to complete multi-factor authentication again.

Not finding what you're looking for? Call us at 1-744-888-6100 or contact us online and we'd be happy to help! 

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