Bank5 Connect's checking accounts are high yield, featuring a 0.76% APY. This is one of the highest rates we have seen for checking accounts online. The bank's checking accounts can be linked to their savings accounts for better integration between the two. Additionally, the bank's checking accounts are integrated with Apple Pay for easy mobile payments. Bank5 Connect's debit card can be used to withdraw funds from any SUM ATM. Fees charged for withdrawing at ATMs outside of the SUM network will be reimbursed up to $15 per month. Customers must call to have their debit card blocked. Other features of Bank5's checking accounts include free online bill payments, EMV chip technology on their debit cards, free checks on their first order, and a handy mobile app.

Aside from the fairly common overdraft and paper statement fees, Bank5 Connect's checking account also charges fees for garnishments, stop payments, and levies. Accounts owners with a balance lower than $100 are not eligible for the 0.76% APY. The bank does not charge monthly maintenance fees, regardless of balance.

Bank5 Connect was launched on July 2013 as an online-only extension of BankFive, which itself was founded on April 10, 1855. We could not find any of its financial ratings from major credit bureaus, but the company's strong reputation is well established. On Trustpilot, Bank5 Connect has a great 8.1 score from 195 reviews. Although Bank5 Connect does not have an entry on the Better Business Bureau, its parent company does and currently holds an excellent A+ rating. The company has a good reputation in the industry for their phone support (during EST business hours), and for the convenience of their app, through which customers can deposit checks, pay bills, transfer funds, and find an ATM via LocatorSearch. Additionally, the bank has no complaints with the Consumer Finance Protection Bureau.