Business Banking
Business Checking Accounts
At BankFive, we understand that Business is a vital piece of the fabric of our Massachusetts community. Below are Business Checking Accounts that will add value to your bottom line.
Free Small Business Checking Account
FREE with 150 transactions or less per month.
- Coin and Currency Service
- One FREE Night Deposit Bag
- Cash Management
- Overdraft Protection Line of Credit.*
- UNLIMITED ACH & ATM transactions.
|
Account Details Per transaction over the first 150 transactions |
$0.25 each $28.00 |
Debit/ATM Card
Unlimited ATM transactions with no fee at any ATM owned and operated by BankFive. $1.50 fee per transaction
at non-proprietary ATMs. (not including assessed surcharges at non SUM ATMs)
*Upon qualification
Five Star Business Checking Account
Very LOW fees, competitive earnings credit.
- Coin and Currency Service plus, FREE Night Deposit Bag.
- Cash Management available.
- Overdraft Protection Line of Credit also available.*
UNLIMITED ACH & ATM transactions.
|
Account Details Earnings credit may offset all or part of the monthly service charge. Monthly Service Charge |
$10.00 |
Debit/ATM Card
Unlimited ATM transactions with no fee at any ATM owned and operated by BankFive. $1.50 fee per transaction
at non-proprietary ATMs. (not including assessed surcharges at non SUM ATMs)
*Upon qualification
Business Money Market Account
Our Business Money Market provides everyday access to your funds while earning an attractive rate.
| Minimum Deposit | Minimum Required to earn APY | Interest Rate | APY |
| $10.00 - $999.99 | $10.00 | 0.049% | 0.05% |
| $1,000.00 - $24,999.99 | $1,000.00 | 0.099% | 0.10% |
| $25,000.00 - $1,000,000.00 | $25,000.00 | 0.199% | 0.20% |
APY - Annual Percentage Yield. No minimum balance required to open account. Minimum balance to earn interest is $1,000. Unlimited deposits. Account is subject to change at any time after the original minimum guaranteed rate. Rate may change after account is opened. Fees may reduce earnings.
Regulation D Limit Changes - During any calendar month or statement cycle of at least four weeks, you may not make more than six withdrawals or transfers to another account of yours or to a third party by means of a preauthorized or automatic transfer or telephone order of instruction. This includes checks, transactions at a point of sale (POS), online banking, voice response, and overdraft protection transfers. If you exceed the transfer limitations set forth above in any statement period, your account will be subject to closure by the financial institution.
