BankFive has 13 branches in Swansea, Somerset, Fall River, Dartmouth, New Bedford, Fairhaven, Massachusetts, and three offices in Bristol, Taunton, and Cranston in Rhode Island. They also have hundreds of surcharge-free ATMs through their SUM network. They offer business savings and checking accounts, lending, cash management, business investment, and more. They are rated A+ on BBB and 5 stars on Yelp.
BankFive Business Checking Rates & Fees
| Monthly Fee | No monthly fee |
| Minimum Balance Requirement | No minimum balance requirement |
| Transaction Fee | $0.25 charge per transaction for the first 150 transactions per month |
| Wire Transfer Fee | Incoming: $15 Outgoing (domestic): $20 Outgoing (international): $35 |
| Cash Deposit Fee | Information not available |
| Overdraft Fee | $32 per item $5 Overdraft Service Fee (applied each day the account remains overdrawn after seventh consecutive calendar day) |
| ATM Fee | $1 per non-BankFive ATM transaction |
BankFive Network
BankFive has 13 banking locations in Swansea, Somerset, Fall River, Dartmouth, New Bedford, Fairhaven in Massachusetts, and Bristol, plus two lending offices in Taunton and Cranston, Rhode Island. They offer hundreds of ATMs through their SUM network. You can use their branch locator to see which locations are closest to you.
BankFive Additional Business Banking Services
BankFive also offers the following business services: business savings and money market accounts, loans and lines, SBA loans, and commercial mortgages. They currently do not offer business credit cards and wealth management. Find out more about their small business offerings on their website.
| Online & Mobile Banking | ✓ |
| Business Savings | ✓ |
| Money Market Accounts | ✓ |
| Business Line of Credit | ✓ |
| Business Loans | ✓ |
| SBA Loans | ✓ |
| Commercial Real Estate Loans | ✓ |
| Wealth Management | x |
| Business Credit Cards | x |
Best Small Business Business Checking Account
Want to know which bank we named the best business checking account for small businesses? Read our business checking account buyer’s guide comparing the top 10 options.
