Business Banking Fee Schedule
This Business Banking Fee Schedule is part of your Business Banking Services Agreement. It contains the monthly fees, transaction fees, minimum balance requirements, and other fees that may apply to your business account at Salem Five.
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CHECKING ACCOUNTS
Fees Business Analysis Checking1 IOLTA Checking Monthly Maintenance Fee
$5
$15
$25
No charge Minimum Average Daily Balance to Waive Monthly Maintenance Fee
$500
$2,500
N/A N/A Per Item Fee for Each Transaction
$0.50 (in excess of 500)
$0.50 (in excess of 300)
N/A No charge Per Deposit
N/A
N/A
$1.00 N/A Per Item Deposited
N/A
N/A
$0.15 N/A Per Check Paid
N/A
N/A
$0.20 N/A Per Electronic Debit/Credit
N/A
N/A
$0.25 N/A Per Item Fee
N/A
N/A
N/A No charge Minimum to Open
$50
$50
$50 $50 1 Earnings credit is generated based on available balance and will be used to offset some or all analysis fees. The earnings credit rate is set at the Bank's discretions and is subject to change.
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SAVINGS & MONEY MARKET ACCOUNTS
Fees Business Statement Savings Business Star Money Market Business Non-Profit Money Market Monthly Maintenance Fee
$6
$9
$10
$10 Minimum Average Daily Balance to Waive Monthly Maintenance Fee
$1,000
$2,500
$10,000
$10,000 Excess Debit Fee
$15
$15
$15
$15 Minimum to Open
$50
$50
$50 $50 Savings accounts and money market accounts are limited to an aggregate of six pre-authorized, automatic, or telephone transfers per month. Transfers or withdrawals by check, debit card, or similar order payable to third parties are included in the aggregate limit of pre-authorized transfers for money market accounts. Transactions in excess of these limitations are assessed the excess debit fee. Debit card transactions are not permitted on Salem Five business money market accounts.
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Account Fees
Fee Amount Checks, ATM, Point of Sale or Other Items presented Against Insufficient or Uncollected Funds
$35.00
Return Deposited Item Regular Handling
$10.00
Return Deposited Item Special Handling
$25.00
Stop Payment Order
$30.00
Copy of Check, Statement or Deposited Item
$5.00
Interim, Duplicate, or Off-Cycle Statement
$5.00
New Account Closed Within 90 Days
$10.00
Audit Confirmation
$15.00
Credit References
$10.00
Account Research (Per Hour)
$25.00
Escheat Processing
$100.00
Deposit Error Correction
$1.00
Night Depository Bags (Each)
$1.00
Night Depository Keys (Each)
$5.00
Withdrawal or Inquiry at Salem Five and Allpoint ATMs
No Charge
Withdrawal or Inquiry at ATMs excluding Salem Five and Allpoint ATMs
$2.00
ATM or Business Debit Card Replacement
$10.00
Money Order
$5.00
Treasurer's Check
$8.00
Overdraft Protection Annual Fee
$25.00
Overdraft Deposit Sweep (OD Deposit Sweep), per item
$3.00
Uncollected Deposit Sweep
$3.00
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Legal Processing
Fee Amount Government Levy
$50.00
Trustee Attachment or Other Legal Services
$50.00
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Coin and Currency Services
Fee Amount Cash Counting
$0.10 per $100.00
Coin Bag Deposits (Per Bag)
$3.00
Rolled Coin Purchases (Per Roll)
$0.08
Currency Strap Purchases (Per Strap)
$0.40
Cash Verification Surcharge
$1.50
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Wires
Fee Amount Incoming Wire
$15.00
Outgoing Domestic Wire/ In-branch
$25.00
Outgoing Domestic Wire/ Call-in
$35.00
Drawdown Wire
$35.00
Outgoing International Wire
$40.00
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Foreign Check Collection
Fee Amount Canadian Items
$15.00
All Other Items
$30.00
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Foreign Currency Exchange
Fee Amount Exchange Fee
$5.00
Small order fee if less than $1000 USD
$10.00
Next day delivery before 11 AM (M-F only)
$15.00
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Additional Services
Fee Amount Cash Management Services
Pricing will vary
Merchant Services
Pricing will vary
Check Printing and Supplies
Pricing will vary