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.