Business Banking Fee Schedule Updates
Important information regarding Salem Five's Business Banking Fee Schedule. Effective March 1, 2020, the following service fees will be changing.
| Service Description | Updated Fee |
|---|---|
| Corporate Checking Monthly Service Charge | $25.00 |
| Corporate Checking Deposit Charge | $1.00 |
| Corporate Checking Deposited Items - On Us | $0.15 |
| Corporate Checking Deposited Items - Transit | $0.15 |
| Corporate Checking ACH Credits | $0.25 |
| Corporate Checking ACH Debits | $0.25 |
| Corporate Checking Mobile RDC Deposits | $1.00 |
| Corporate Online Banking | $20.00 |
| Corporate Online banking with Cash Management | $40.00 |
| Positive Pay Monthly Service Charge* | $40.00 |
| Wire Transfer Monthly Module | $25.00 |
| ACH Transfers Item Charge | $0.20 |
| ACH Credit Transfers Same Day | $3.00 |
| ACH Debit Transfers Same Day | $3.00 |
| Outgoing Domestic Wire (In-branch) | $25.00 |
| Outgoing Domestic Wire (Call-in or Fax) | $30.00 |
| Returned Deposited Item | $10.00 |
| Remote Deposit Monthly Charge | $50.00 |
| Zero Balance Master Account Monthly Charge | $40.00 |
| Line of Credit Sweep | $200.00 |
| Lockbox Service Monthly Charge | $200.00 |
| Negative Collected Balance | Base + 3% per day |
*For either or both Check and ACH Positive Pay
If you have any questions or concerns, please contact your Commercial Banker or call (800) 850-5000.