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Our All-in-One Checking Account
The Open Account - our ONLY checking account
Why do we only have ONE checking account? Because it’s really all you need. It’s even better than “free” checking at other institutions.
The Open Account keeps things simple: no monthly maintenance fee and plenty of everyday benefits. Access today ’s banking technology, work with knowledgeable local experts, and enjoy enhanced features as your balances grow. It’s designed to deliver value now and into the future, with the option to add a savings account when you're ready.
Ready to open your Salem Five checking account and start using your digital debit card?
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55000
Allpoint ATMs worldwide
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33
branch locations
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170
years of service
With the Open checking account, you automatically get a number of benefits. See how the perks stack up:
Enjoy No Fees
No monthly maintenance fees
No Minimums
No minimum balance
More rewards for higher average balances
- Maintain an average monthly balance between $3,000–$4,999 and receive up to $7.50 in ATM fee reimbursements.
- Maintain an average monthly balance of $5,000 or more and receive up to $20.00 in ATM fee reimbursements.
Pair the account with a companion Open Savings account and enjoy no minimum balance or monthly maintenance fee for that account as well.
Online tools and on-the-go features
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Deposit checks from anywhere
Securely deposit checks from your phone.
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Lock/Unlock your debit card
With Card Controls you can manage and monitor your Salem Five Visa® Debit Card.
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Send money to anyone
Pay friends and family easily on the go with Zelle®.
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Budget and track spending
Budget, set alerts and view your accounts from other banks in Salem Five online banking.
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Convenient and secure
Touch and Face ID technology to keep you secure on the go.
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Custom text alerts
Get convenient customizable account updates sent directly to your phone or email.
See how rewarding an account can be.
Salem Five. Make your move.
Minimum opening deposit is $10 for the Open Account and $10 for the companion Open Savings account. Open Savings rate is variable and subject to change after account opening.