Our checking accounts fit businesses of all sizes.
Business owners in Massachusetts and Rhode Island need options when it comes to checking accounts. BankFive provides two choices, depending on business volume, to meet your demands and provide convenient, supporting services.
Both of our business checking accounts include the following:
- Coin and Currency Service (available at all branches except our Warwick and Westport Digital+ branches)
- Night Depository Service at most branch locations
- Cash Management
- Overdraft Protection Line of Credit1
- Unlimited ACH Transactions
- VISA® Debit Card - can be issued instantly in-branch at the time of account opening
Take a closer look at our two Business Checking account options below, and don't hesitate to contact us if you have any questions or are ready to open an account.
| Free Small Business Checking | Five Star Business Checking | |
| Monthly Service Charge | None | $10.00 |
| Per Transaction Fee | No charge for first 150 transactions2, $0.25 charge per transaction over the first 150 transactions2 | $0.17 for each paid check, $0.45 for each deposit, $0.07 for each deposited item |
| Insufficient Funds Charge (each paid item) | $35.00 | $35.00 |
| Returned Deposited Item | $20.00 per item | $20.00 per item |
| Stop Payments (per item; checks, electronic transfers) | $35.00 | $35.00 |
| Account Research or Balancing Assistance | $25.00 per hour | $25.00 per hour |
| Contact Us | Contact Us |
1 - Upon qualification
2 - Transactions include deposited items
