Unlock up to $50* with a new Student Checking account.
- No monthly maintenance fee or minimum balance requirement
- Send and receive money with Zelle®1
- Get paid before payday with Early Deposit2
- BankFive VISA® Debit Card
- Free ATM transactions3
- Free incoming wire transfers
*Earn up to $50 when you open a new Student Checking account with a $10 minimum opening deposit, set up direct deposit, enroll in Statements, and make 10 Point of Sale (POS) purchases with your debit card. Get $25 with set up of direct deposit. Get $25 when debit card purchases are completed. New account must be opened between 4/15/24-9/20/24 and qualifications must be met by 10/31/2024 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. On 25th birthday, the account automatically changes to eAccess Checking, subject to the terms and conditions, terms of service, and fees of that account. Terms and conditions apply.
1Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
2Eligible deposits are limited to direct deposits of payroll, pension, or government benefit payments. Deposits from checks, mobile deposits, online transfers, or person-to-person payment services like PopMoney, Venmo, Zelle, or PayPal are not eligible for Early Deposit. Not all deposits are eligible for Early Deposit. Deposit notifications must be set up by the account holder within Online Banking.
3Free at all BankFive and SUM Network ATMs. BankFive may impose a $1.50 service fee at non-BankFive ATMs that are outside of the SUM Network. Other banks may impose a surcharge for use of their ATMs as well. However, for Student Checking accounts, BankFive will reimburse incurred ATM fees up to $10 per statement cycle.
The Benefits of a BankFive VISA® Debit Card
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Earn cash back on qualifying purchases at participating retailers through our Purchase Rewards program.
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Connect your card to VISA® Checkout and Apple Pay for quicker, more secure transactions.
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Use your card surcharge-free at BankFive ATMs in Massachusetts and Rhode Island, or at thousands of ATMs in the nationwide SUM Network.