External Transfers
Transfer funds between banks
With Online Banking, it's easy to transfer funds between your personal Salem Five checking or savings account and your accounts at other U.S. financial institutions. After a one-time setup process, you can easily transfer between Salem Five and your other accounts within Online Banking.
External Transfers Features
Salem Five can help you conveniently transfer money between financial institutions:
Watch the video tutorial to learn more about Salem Five's External Transfers features, then try the click-thru demo.
External Transfers FAQs
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What are Salem Five External Transfers?
Salem Five External Transfers allow you to conveniently transfer money online between your personal Salem Five checking or savings account(s) and your personal checking or savings accounts at other financial institutions within the United States.
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How do I get started with Salem Five External Transfers?
To get started you will need to Login to Salem Five Online Banking and add the account(s) you have with another financial institution. Not enrolled in Salem Five Online Banking? Enroll here.
To begin using Salem Five External Transfers, select the "Transfer Funds" tab and click on the "Getting started with external transfers" link on the left menu. Initially you will be greeted with some important information about this feature.
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Can I setup a recurring External Transfer?
Yes.
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Can I setup a scheduled External Transfer?
Yes.
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When are External Transfers processed?
External Transfers are processed each business may take up to three (3) business days to be received into your account.
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What is the cut-off time to cancel External Transfers?
The cut-off time to change or delete an External Transfer is before 7:00 p.m. Eastern Standard Time on the day of your origination.