Earn $100* when you open a new checking account.
Open a new personal checking account and get a $100 bonus when you set up direct deposit and enroll in eStatements.* Looking for a local MA or RI branch, or a checking account you can open online? We have options for you.
Benefits of Our Local Checking Accounts
Our Massachusetts and Rhode Island checking accounts offer these great features:
- VISA® debit card with online card controls, cash back rewards, Apple Pay and Google Pay
- Online & mobile banking to check balances and pay bills
- Free credit alerts and credit score improvement tips
- Zelle® for easy payments to friends and family
- Switch My Bank tool to move your deposits and payments to your new checking account
- 100% deposit insurance - even beyond FDIC limits
Choose from six checking accounts. Open online, or visit a branch near you. If you apply in person, mention code 100_checking_offer.
Where to Find Us
We have 13 branches in Massachusetts and Rhode Island. Visit us in Dartmouth, Fairhaven, Fall River, New Bedford, Somerset, Swansea, Westport—or Warwick, RI.
*$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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Ready to Earn Your $100 Bonus*?
Your Massachusetts or Rhode Island checking account is just a click away.
| Relationship Checking | eAccess Checking | Basic Checking | Free Checking | Student Checking1 | Veterans Checking | |
| Monthly Maintenance Service Charge | $5.002 | None | None | None | None | None |
| In-Branch Service Fee (per visit) | None | $5.003 | None | None | None | None |
| Earns Interest | Yes | Yes | Yes | No | No | No |
| Interest Rate | 0.15% | 1.00% | 0.05% | N/A | N/A | N/A |
| APY4 | 0.15% | 1.00% | 0.05% | N/A | N/A | N/A |
| Minimum Balance to Obtain APY4 | $100 | $10 | $10 | N/A | N/A | N/A |
| Free ATM Use | Yes5 | Yes6 | Yes7 | Yes7 | Yes6 | Yes7 |
| Open Online | Open Online | Open In-Branch | Open Online | Open Online | Open 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 ATMs. Other banks may impose a surcharge for use of their ATMs, however, BankFive will reimburse incurred ATM fees up to $10 per statement cycle for eAccess Checking and Student Checking accounts.
7 Free at all BankFive ATMs. BankFive may impose a $1.50 service fee at non-BankFive ATMs. Other banks may impose a surcharge for use of their ATMs as well.