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

Helpful answers to the questions we get most.



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 Bank: Payments 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.