Skip to Main Content Skip to Sitemap
Student Checking Account Offer
background region for decoration only

Student Checking Offer

Earn $50 when you open a new Student Checking account with eStatement enrollment, debit card purchases, and direct deposit*

  • No monthly maintenance fee or minimum balance requirement
  • No in-branch service fees or per-check charges
  • BankFive VISA® Debit Card
  • Free access to Online Banking and Mobile Banking with Bill Pay
  • Free ATM transactions1
  • Free incoming wire transfers2
  • Transfer money to and from your BankFive accounts, and accounts at other financial institutions3
  • Free eStatements4

Do more with your BankFive VISA® Debit Card:

  • Earn cash back on qualifying purchases at participating retailers through our My Rewards program
  • Connect your card to VISA® Checkout and Apple Pay for quicker, more secure transactions
  • Use your card surcharge-free at BankFive ATMs in Massachusetts and Rhode Island, or at thousands of ATMs in the nationwide SUM Network1

Do more in less time with BankFive Online Banking:

  • Access your accounts 24 hours a day, 7 days a week
  • Pay bills online, quickly and securely
  • Transfer money between your BankFive accounts, accounts at other financial institutions, or send payments to individual people3
  • Monitor activity and track spending
  • View and reorder checks
  • Receive and view your account statements
  • Chat securely with our Customer Contact Center representatives
  • Once you’ve signed up for Online Banking, download our apps and enjoy the benefits of Mobile Banking

Manage your money from your phone or tablet with our mobile app:

  • Pay your bills and transfer money easily
  • Have a BankFive VISA® ATM/Debit Card? Turn your device into a mobile wallet with Apple Pay!
  • Deposit paper checks using your device's camera

*Earn up to $50 when you open a new Student Checking account with $10 minimum opening deposit, enroll in eStatements and direct deposit, and complete 10 Point of Sale (POS) purchases with your new debit card. Get $25 with set up of direct deposit. Get $25 when qualifying debit card purchases are completed. New account must be opened between 5/15/22 and 9/9/22 and qualifications must be met by 10/28/22 for bonus to be paid. New account bonus (up to $50) will be paid within 30 days of transaction qualifications being met. Must be 16-24 years old to be eligible. If under the age of 18, you must have a parent or guardian on the account if a debit card is included in the application. Offer is not available to existing Student Checking account holders. The account must be open and in good standing at the time of bonus payment. Fees may apply, please see our complete Fee Schedule for more information. On 25th birthday, the account automatically changes to eAccess Checking, subject to the terms and conditions, terms of service, and fees of that account.

1BankFive will not impose an ATM fee. However, other banks may impose a surcharge for use of their ATMs. For the Student Checking account, BankFive will refund other banks' surcharges up to $10 per statement cycle.

2Incoming wire transfer fee is waived for the Student Checking account.

3Standard processing is free. Expedited processing may incur additional charges.

4eStatements are free. Paper statements are available upon request for $1 per month.