For security reasons, the Bank has established limits on the amount of funds that can be transferred via External Transfers. External Transfers from your account are limited to $5,000 per transaction; $5,000 in aggregate per day; and $20,000 in aggregate per calendar month. You may make a maximum of 3 external transfers from your account per day and a maximum of 25 external transfers from your account monthly.
External Transfers into your Salem Five account are limited to $15,000 per transaction, $25,000 in aggregate per day and $25,000 in aggregate per calendar month. There is no charge for incoming transfers. You may make a maximum of 3 external transfers to your account per day and a maximum of 25 external transfers to your account monthly. We reserve the right to change your External Transfer dollar limit at any time. If we decrease the dollar limit, we will notify you as required by law, but we may not notify you if we are restricting your transfer limits for security purposes or because of excessive overdrafts to your Salem Five account.