Bankwell System Upgrade

A portion of our account-holders recently received notices in the mail regarding changes to the status of their account(s). This was an unintended side effect of our recent core conversion.

Be assured there has been no change to your account and your information has not been compromised. We apologize for any inconvenience. For questions, please contact your local branch. 

It is part of our continued commitment to invest in the most current technology and to deliver the best client experience. 

A core processing system manages our major banking functions.  These include opening and managing deposit accounts and loans, processing teller transactions, protecting your information and more. 

It paves the way for improved functionality and features in the future. You'll benefit with a better Bankwell experience, including faster account opening and added convenience.  

Conversion weekend will begin after business hours on Friday, April 8 at 4:00 PM. It will be completed on Monday, April 11, no later than 10:00 AM. 

You may experience some system downtime starting Friday, April 8 at 4:00 PM until Monday, April 11, no later than 10:00 AM.
• All Bankwell branches will be closed on Saturday, April 9.
• Online and Mobile Banking will be unavailable from Friday, April 8 at 6:00 PM through Monday, April 11, no later than 10:00 AM.
• Bill Pay will be unavailable from Friday, April 8 at 6:00 PM through Monday, April 11, no later than 10:00 AM. 
• Telephone Banking will be unavailable from Friday, April 8 at 4:00 PM through Monday, April 11, no later than 10:00 AM. 

This upgrade happens entirely behind the scenes, with little to no impact to you. Please see the section above to be aware of temporary interruptions and other important information. If you have Quicken/QuickBooks/Mint, be sure to read the related FAQ. 

Check back here for any additional updates or contact your local branch with any questions. Click here to find your nearest branch. 

Yes. There should be little to no disruption to your day-to-day banking after we upgrade our system. 

No. Your account information is not changing. No change to your Online Banking password, account numbers or routing numbers. No change to Bill Pay, Personal Identification Numbers (PINs) and your account's terms and conditions. 

Yes. You will continue to use your existing Bankwell checks, routing numbers and deposit/withdrawal slips. 

Yes. Safeguarding your personal and financial information is paramount. Rest assured that your information will remain secure throughout this process. 

No. All our branches will be open for regular business hours on Friday, April 8.  All Bankwell branches, including Cherry Street and Hamden, will be CLOSED on Saturday, April 9. All Bankwell branches will be open for business on Monday, April 11 for their regular business hours.    

Our technology partner requires the entire weekend to convert to the new platform. Many systems need to work together to make this happen smoothly.   

Yes. You can use your ATM or debit card for cash, purchases or payments.

Yes. Bankwell ATMs will be available while we convert to the new system. You can also use your Bankwell ATM / debit card at any ATM. 

No. During conversion weekend Balance Inquiry will be unavailable at the ATM.   

Yes. Online and Mobile Banking will be unavailable from Friday, April 8 at 6:00 PM through Monday, April 11, no later than 10:00 AM. 

No. Our Online and Mobile Banking platform is not changing.     

Yes. You can make a Mobile Deposit on Friday, April 8 until 5:00 PM.

No. Mobile Deposits will be unavailable from Friday, April 8 at 5:00 PM to Monday, April 11, no later than 10:00 AM. 

Per our standard processing days, you will not be able to use Remote Deposit Capture on the weekends, only during normal business hours. 

Yes. All transactions will be viewable in Online Banking before and immediately after conversion on Monday, April 11, no later than 10:00 AM. 

You will notice a change to your transaction history. Same day transactions will now appear as pending on your account. After the transaction has posted on the next business day, you will see it reflected as a posted transaction on your account.

Yes. Pre-set transfers set for Saturday or Sunday will occur on Sunday, April 10. After the upgrade, they will revert back to their original schedule.

No. During conversion weekend, Bill Pay will not be available from Friday, April 8 at 6:00 PM to Monday, April 11, no later than 10:00 AM. 

Yes. All your pre-scheduled payments will be processed. 

Yes. All of your set payments will remain in place. 

All pre-scheduled and pre-authorized payroll and ACH payments will be sent on their normal schedule during regular business hours. 

Yes. You can use the payment app but the transaction and balance updates won't appear until Monday, April 11, no later than 10:00 AM. 

No. During conversion weekend Person to Person payments will not be available until Monday April 11, no later than 10:00 AM.

You will be required to make changes to your Quicken, QuickBooks or Mint software.  

There are two Action Dates:   
             
• 1st Action Date is April 8: A data file backup and a final transaction download should be completed on or before April 8 at 5:00 PM, as transaction history within Quicken, QuickBooks and Mint may not be available for up to 5 business days.   

• 2nd Action Date is April 11: You will need to deactivate then reactivate your online banking connection to ensure your current Quicken, QuickBooks or Mint account is set up with a reactivated connection to Bankwell.   

Instructions:
• Click here for Quicken 
• Click here for QuickBooks Desktop
• Click here for QuickBooks Online 
• Click here for Mint           

Intuit aggregation services may be interrupted for up to 5 business days. On or after April 11, Intuit users are strongly encouraged to download a QFX/QBO file during this downtime, in which the following services may not work: 

• Quicken Win/MAC Express Web Connect 
• QuickBooks Online Express Web Connect
• Mint

After completing the instructions above, please carefully review your downloaded transactions to ensure none were duplicated or missed on the register. 

For assistance with Intuit instructions, call 203-652-2920

• You will receive two statements for April. 

                                                                                                    
• The first statement will reflect transactions from April 1 through April 8. Monthly maintenance fees, if any, will be waived during this time.   
                                                                                                                  
• If your statement cycle is at the end of the month, you will receive your second statement at the end of April, with transactions from April 9 through April 30.         

                                                                                   
• If your statement cycle is mid-month, you will receive your second statement in mid-May, with transactions from April 9 through your normal statement date May 15.       

                                              
• All transactions will be viewable in Online Banking before and after conversion weekend. 

Yes. Your statements prior to March, 2022, will be available immediately after conversion weekend. 

Yes. If you're currently receiving paper statements, they will continue. If you would like to switch to the convenience of paperless statements, you can do it directly through Online Banking. 

After conversion weekend, statements and notices for consumer loan and residential loan customers may be in a slightly different format. Past payments/breakdowns and YTD totals will no longer be featured on the statements.

No. While we convert to our new platform, Telephone Banking will not be available from Friday, April 8 at 4:00 PM until Monday, April 11, no later than 10:00 AM. 

No. There will be no changes to the Telephone Banking system. After conversion weekend, your password will temporarily be reset to the LAST 4 digits of your Social Security Number. At your first call, you will be prompted to select a new password, which you will use going forward. You may reuse your prior password if you choose.