• 55000

    Allpoint ATMs worldwide

  • 36

    branch locations

  • 160

    years of service

See how rewarding The Open Account can be

  •  ATMs everywhere with the Allpoint network
  •  No monthly fee
  •  No minimum balance
  •  Open rewards (cash back debit rewards and ATM fee reimbursement)
  •  Smart online and mobile banking with tools and technology

Open Rewards are debit card rewards and ATM reimbursements that sweep directly into a companion Open Savings, learn more. Our thanks for choosing Salem Five!


$0 - $1,999.99
Avg. monthly balance


for every debit card purchase made in-store or online

55,000 fee-free
Allpoint™ ATMs


$2,000 - $3,999.99
Avg. monthly balance


for every debit card purchase made in-store or online

$7.50/month in ATM surcharge reimbursements

+55,000 fee-free
Allpoint™ ATMs


$4,000 +
Avg. monthly balance


for every debit card purchase made in-store or online

Unlimited ATM surcharge reimbursements

+55,000 fee-free
Allpoint™ ATMs

Online tools and on-the-go features

  • Deposit checks from anywhere

    Securely deposit checks from your phone.

  • Freeze your debit card

    Control your debit card, set limits and freeze from your phone.

  • Send money to anyone

    Pay friends and family easily on the go with Popmoney P2P payments.

  • Budget and track spending

    Budget, set alerts and view your accounts from other banks in Salem Five online banking.

  • Convenient and secure

    Touch and Face ID technology to keep you secure on the go.

  • Custom text alerts

    Get convenient customizable account updates sent directly to your phone or email.

Get started with The Open Account today and earn up to $250*!

  • Get $200 for qualified direct deposits of $1,500 or more
  • $50 for completing 50 debit card purchases
  • Add a companion Open Savings and we’ll match our highest money market interest rate through September 30, 2019

Use promo code: OPEN

See how uncomplicated banking can be with The Open Account.

Salem Five. Let’s uncomplicate money

*$200 bonus available to new Open Account customers with cumulative direct deposit funds of $1,500 or more made within 60 days of account opening. Qualifying direct deposits are recurring electronic paycheck, pension or government benefit (such as Social Security) deposits from your employer or government. Person-to-Person and bank transfers between personal accounts, or accounts at other financial institutions or brokerages, do not qualify. $50 bonus available to new Open Account customers who perform 50 debit card purchases within the first 90 days of account opening (ATM transactions made with a Salem Five debit card do not apply). The bonus offers noted may be earned independently of one another. Once either offer criteria are met, associated bonus funds will be deposited as a one-time credit into the new Open Account within 30 days. Offer is not available to customers with an existing personal checking account at Salem Five Bank. Closed accounts that were opened at any time in the 12 months prior to account opening are considered existing accounts for the purpose of qualifying for this promotion. Minimum balance to open the account is $10 in branch and $100 online. Account must be open with a positive balance at the time a bonus is credited, bonus funds will be credited to qualifying accounts within 30 days of meeting the criteria. Bonus qualifiers are subject to change and bonus payout is reviewed by, and at the discretion of, the Bank. Open Savings rate is variable and subject to change after account opening. Minimum balance to open a companion Open Savings account is $10 in person or $100 online. Offer available for funds not currently on deposit.