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Money & Insurance

BankFive

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202 reviews

4.6202 reviews
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About BankFive

Data updated
Website
www.bankfive.com
Category
Money & Insurance
Location
United States
Status
Unclaimed
Last 12 months
202 reviews
Replies to negative
100% (14/14)
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About this business

Since 1855, BankFive has been a steadfast source of financial services for its neighbors, offering convenience, reliability and innovative solutions. As a mutual bank with 13 branches and 3 loan offices in Massachusetts and Rhode Island, BankFive is committed to supporting the local community with philanthropy and volunteerism.

Written by the business, not verified by us.

Is BankFive legit?

BankFive (www.bankfive.com) has a 4.6 out of 5 rating on OK.one, based on 202 user reviews collected here. It is listed under Money & Insurance and its reputation is excellent. Praise is nearly unanimous, with 90% rating it 4 stars or higher; The business has replied to 100% of negative reviews; Reviews mostly discuss Customer service, User experience. Last updated 2026-08-31.

What reviewers say

AI generated

Reviewers overwhelmingly had a great experience with this company. Customers frequently praise the helpful and professional staff for making their everyday banking processes remarkably smooth and easy. People also genuinely appreciate the exceptional customer service, noting that representatives are always polite, attentive, and ready to help. Consumers highlight the quick response times and efficient handling of issues when seeking assistance. However, some reviewers were not happy with the slow response times and lack of follow-up regarding important financial requests. A few other people also felt that communication could be significantly improved, as several inquiries were unfortunately ignored or left unresolved by staff.

Auto-generated from all reviews of this business. For reference only.

What people say

Daniel Ducasse is a gem!

Daniel Ducasse was the most incredibly helpful person I have ever dealt with in any of the financial institutions I’ve ever had business dealings with. I commend whoever had the foresight to hire this person. Every dealing I have had with him has ended on a positive note due to his diligence in seeking a solution.

Professionalism and reliability.

I met Mrs. Monica Botelho to get my son pre-qualified for a mortgage and she was the best. She started the application and told him exactly what he qualified for, how much he would have to pay a month depending on the different prices of houses, so he knew what he would expect. Gave him excellent advices how to prepare himself to become a homeowner. Kept in contact thru the entire process once he found the house he wanted. She is very professional and very knowledgeable on many fields that come with the territory of a homeowner. I strongly recommend her for any loans.

I felt like my last conversation with…

I felt like my last conversation with someone in the branch was very matter-of-fact and they didn't relate to what was going on at the moment it really upset me. I do like the branch i’ve had a relationship with this bank for many years I would not change banks for any other. I really would like it if the person on the other end of the phone conversation were a little more empathetic thats all

Reply from BankFive2026-08-07

Hi Natalia, Thank you for sharing your feedback with us. We are sorry to hear that your recent branch visit left you feeling upset. We understand how important it is to feel supported, especially a during challenging situation. Although it does not make up for your experience, please know your comments have been shared internally. We value your feedback and are committed to providing a more understanding experience moving forward. Best, BankFive

Contact Center provides unknowledgeable customer service

I am a customer for over 25 years. I called the contact center for help with my debit card on 7/30/26. Service Rep seemed to be guessing for a solution, very little knowledge about services or information pertaining to my issue. I tried to use my card but was being declined as restricted. The customer service rep stated it was a transaction that Visa was restricting and that they can’t do anything about it. I asked why and if this is a permanent issue, she didn’t know so I asked if she would get a definitive answer from a manager and get back to me but still haven’t received a call back from her or management. Today is 8/4/26.

Reply from BankFive2026-08-04

Hi Kathleen, We are very sorry about your negative experience, and that your question was not fully answered during your initial call with us. I understand that our Customer Experience Manager reached out to you today and was able to clarify the issue, but we're truly sorry for the frustration this caused you. We sincerely thank you for your feedback and will use it to help improve our customer experience. Best, BankFive

I have made three separate attempts to…

I have made three separate attempts to contact regarding a business loan, yet no one has shown interest in returning my call to arrange an appointment. I do not wish to engage in business with a future partner who demonstrates such a lack of responsiveness.

Reply from BankFive2026-08-04

Hi Joseph, We apologize for the negative experience you've had with us. Please know that a member of our Business Banking team did attempt to reach out to you last week, but was unable to leave a voicemail. He reached out again today and was able to leave a message with his direct contact information. We are truly sorry for the poor experience you'd had with us thus far, and appreciate the opportunity to connect with you. We look forward to hearing from you. Best, BankFive

I had an issue with Bill pay and…

I had an issue with Bill pay and received a follow up call from management to address my concerns. Although my issue was not resolved the manager was responsive with my feedback and provided more information on the bill pay process to help me better understand how to prevent this issue from reoccurring in the future.

S
Susan · 6 reviews · Verified · Experienced 2026-07-28 ·

I set up a bill pay payment and it…

I set up a bill pay payment and it wasn’t visible in my account as paid. I asked the representative at bank 5 to cancel it and he stated he cancelled it and yet the payment was made and not cancelled. I also should have been told that the payment would be made on time but takes 3-5 days to show on my bank statement. The representatives that I spoke to at the bank need more training to be able to provide customers with accurate information. So needless to say my bill was paid via bill pay and they never cancelled my payment resulting in a double payment to my bill as I made a payment over the phone to avoid a late payment. This is unacceptable.

Reply from BankFive2026-07-31

Hi Susan, We're sorry to hear about the frustration and inconvenience you experienced and that there may have been some confusion during your initial phone call with us. I understand that our Customer Contact Center reached out to you today to apologize and address your concerns. Please know that we appreciate your feedback and will use it to help improve our customer experience. Best, BankFive

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