Overdraft Protection

Convenience, savings, and peace of mind

Everyone makes mistakes, but with Salem Five Overdraft Protection1, you can protect yourself from those little accounting errors that can have big consequences. Avoid the embarrassment of having a check returned—and the resulting overdraft fees. Overdraft Protection gives you:

  • A revolving credit line on your Salem Five checking account
  • Automatic access to funds, up to your available credit limit, whenever your checking account has insufficient funds
  • A way to avoid the complication and expense of returned checks


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1Applications for a Salem Five's Overdraft Protection Account are subject to credit approval. The Account provides overdraft protection for a Salem Five checking or money market savings account. The fixed Annual Percentage Rate on the Account is 18% and has a $25 annual fee. Rates and other terms are accurate as of today and are subject to change thereafter.