Security Center Alerts
Limited-Time Offer on Our New Checking Accounts.
Salem Five has three great new checking options for customers to choose from. Whether you’re looking for flexibility, digital convenience, or premium benefits, we have an account that fits your life and how you want to bank. And, all have the option to include Debit Card Round Up – a great feature to easily grow your savings automatically.
If you open an account online or at any Salem Five branch now until October 30th, we’ll match your round up savings for six months! To receive this offer, please mention promotional code 2026FALLDCRU when opening your account at a Salem Five branch.
Build your savings over time with Debit Card Round Up, an easy way to grow your savings automatically.
Opt in to Debit Card Round Up and your purchases are rounded up to the nearest whole dollar. This balance is transferred automatically to a companion savings account to gradually build up your savings in an effortless way. Enroll when you open your account in-branch or online.
Salem Five Checking Options
Connect Five AccountTM
Classic Five CheckingSM
Club Five CheckingSM
Compare Personal Checking Accounts
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Connect Five Account™ |
Classic Five Checking℠ |
Club Five Checking℠ |
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| Monthly Fee |
$5.00 --but easily waived if under 26 years old; or, by maintaining $500 minimum balance | No monthly maintenance fee |
$25.00 --but easily waived by maintaining $25,000+ in combined balances |
| Minimum Balance Requirement | $500 minimum to avoid fee | None | $25,000 combined eligible balances to avoid fee |
| Earns Interest | No | No | Yes, variable rate |
| ATM Access |
Fee-free access to Salem Five ATMs and 55,000+ Allpoint® ATMs nationwide Plus, no Salem Five fees at other banks’ ATMs (third party fees may apply) | Fee-free access to Salem Five ATMs and 55,000+ Allpoint® ATMs nationwide |
Use any ATM that is convenient Fee-free access to Salem Five ATMs and 55,000+ Allpoint® ATMs nationwide No Salem Five fee for use at other ATMs and $20/statement cycle reimbursement for other bank’s ATM fees |
| Checks Included | No, this is a checkless account |
Yes, checks available at standard fees Free initial starter set available at account opening | Free standard checks or up to $15 credit toward all other designs |
| Overdraft Benefits | No overdraft fees; transactions are declined instead | Free overdraft protection with linked savings | 5 free overdrafts/year |
| Debit Card | Contactless Salem Five Visa® Debit Card with Card Controls | Contactless Salem Five Visa® Debit Card with Card Controls | Contactless Salem Five Visa® Debit Card with Card Controls |
| Debit Card Round Up Savings Feature | Yes, learn more | Yes, learn more | Yes, learn more |
| Online & Mobile Banking | Yes | Yes | Yes |
| Premium Benefits | No fees for using other banks’ ATMs (third party fees may apply) | No paper statement fees (if desired) |
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| Best Paired With | Classic Five Savings | Classic Five Money Market or Classic Five Savings | Club Five Money Market |
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| Open Connect Five Now | Open Classic Five Now | Open Club Five Now | |