Switching banks can be daunting, but it doesn't have to be. Our Switch My Bank service makes it easy to switch your direct deposit to a new BankFive checking or savings account. Get paid directly into your new BankFive account without printing forms or manually updating payroll information with your empoyer.
Open a BankFive Account and Set Up Direct Deposit
Use our easy online application to open a checking or savings account and set up direct deposit in just a few minutes.
- Start an application at https://apply.bankfive.com/bankfive/oa#/.
- Check the "Set Up Direct Deposit" option when selecting your checking or savings account.
- Once your account is approved, click the "Set Up Direct Deposit" button on the approval page, or follow the link in your Direct Deposit Setup email.
- Log in to your payroll provider or employer through our secure direct deposit setup service.
- Select which account should receive your paycheck, specify the amount (full or partial paycheck), and submit.
- Your direct deposit instructions will be sent to your payroll provider, and changes generally take effect within 1-2 pay periods.
Already Have a BankFive Account?
If you already have a BankFive account and would like to set up direct deposit for it, you can use our Direct Deposit Form.
- Download the form
- Fill it out
- Return it to your employer
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.
