Security Center Alerts
Consumer Banking Fee Schedule
This Consumer Banking Fee Schedule is part of your Consumer Banking Services Agreement. It contains the monthly fees, transaction fees, minimum balance requirements, and other fees that may apply to your consumer account at Salem Five.
Effective Date of August 5, 2026
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CHECKING ACCOUNTS
Checking Accounts
Features 18/65 Checking1
Without Interest18/65 Checking1
With InterestMinimum Balance to Open
$10
$10
$10
Monthly Maintenance Fee
None
None
None
Charge per Check Paid
No Charge
No Charge
No Charge
Online Banking with Bill Pay
No Charge
No Charge
No Charge
Open Rewards
Features Open Rewards: PRIME
Open Rewards: PRIME PLUS
Open Rewards: PREMIER
18/65 Checking1
Without Interest18/65 Checking1
With InterestAverage Monthly Balance2
< $3,000
$3,000 - $4,999.99
$5,000.00+
None
None
Salem Five charges for ATM transactions at non-Salem Five or non-Allpoint ATMs3
None
None
None
None
None
Reimbursement of other banks' ATM surcharges2,3
None
Up to $7.50
Up to $20.00
None
None
1 Customers who are at least 65 years old or less than 19 years old are limited to one free savings and one free checking account per customer. NSF fees are reduced to $5 per item.
2 Your Open Rewards (ATM Surcharge Reimbursement Reward) will be calculated based on the average monthly balance in your Open Account as of the current statement cycle date for the statement cycle period. This date can be found on the top right hand corner of page one of your monthly statements, under the heading “Statement Ending”.
3 If you initiate a transaction outside of the Salem Five and Allpoint ATM networks, a surcharge may be applied by that operator and/or by an automated transfer network. For Open Rewards: Premier, surcharges will be reimbursed up to $20.00 each statement cycle. For Open Rewards: Prime Plus, surcharges will be reimbursed up to $7.50 each statement. -
SAVINGS ACCOUNTS
Savings Accounts
Features 18/65 Savings4
Monthly Maintenance Fee
None
$3.00
None
None
Minimum Daily Balance to Waive Monthly Fee
None
$300.00
None
None
Salem Five fees for ATM Transactions at non-Salem Five or non-Allpoint ATMs5
$3.00
$3.00
$3.00
$3.00
Conditions
The Open Account is Required
None
Must be under 18 years of age
Must be 65 years old or less than 19 years old
4 Customers who are at least 65 years old or less than 19 years old are limited to one free savings and one free checking account per customer. Insufficient Funds (NSF) fees are reduced to $5 per item.
5 If you initiate a transaction outside of the Salem Five and Allpoint ATM networks, you may also be charged a surcharge by that operator and/or by an automated transfer network. -
MONEY MARKET ACCOUNTS
Money Market Accounts
Features Star Money Market
Monthly Maintenance Fee
None
None
$15.00
Minimum Daily Balance to Waive Monthly Fee
None
None
$2,500.00
Salem Five fees for ATM transactions at non-Salem Five or non-Allpoint ATMs6
$3.00
$3.00
$3.00
6 If you initiate a transaction outside of the Salem Five and Allpoint ATM networks, you may also be charged a surcharge by that operator and/or by an automated transfer network.
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Checking and Savings
Checking and Savings Accounts
Checking and Savings Account Related Fees Amount
Checks and all other debits paid against insufficient funds (NSF)7
$5.00/$35.00
Overdraft Protection Annual Fee
$25.00
Returned Deposited Item8
$6.84/$7.50
Stop Payment Order
$30.00
Copy of Check, Statement or Deposit Slip9
$5.00
Lost Passbook Fee
$20.00
Check Printing and Supplies
Fees Vary
Account Closing By Mail
$10.00
Inactivity Fee10
$5.00
7 These per item fees are imposed for overdrafts created by checks, in-person withdrawals, ATM withdrawals, and other electronic means (as applicable). For accounts flagged as 18/65, the $35 per item fee is reduced to $5 per item. NSF fees will be limited to five (5) fees per day that
can be charged to your account. We will not charge a fee to your deposit account when we decline or return an item unpaid due to insufficient or uncollected funds, but you may be charged a fee by the payee for the returned payment. Should a transaction overdraw your account in the amount of $5.00 or less, your account will not be charged.8 If the item returned is drawn on an account held by the Salem Five account holder at another
bank, the fee assessed is $7.50.9 Per statement, deposit slip or check (first 25 checks requested annually per account are free).
10 An inactivity fee will be imposed on checking accounts if the average daily balance is below $250 and there is no customer-initiated activity for 12 consecutive months. The fee will be charged monthly thereafter until activity resumes. Customer-initiated activity generally includes deposits, withdrawals, and transfers. Interest credits, preauthorized or recurring electronic transactions, and other bank-generated transactions do not qualify. The Open Account, 18/65Checking without Interest, and 18/65 with Interest are not subject to this fee.
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Electronic Banking
Electronic Banking
Electronic Banking Related Fees Amount
Withdrawals or Inquiries at Salem Five and Allpoint ATMs
No Charge
Inquiries at Non-Salem Five or Non-Allpoint ATMs
$2.00
Withdrawals at Non-Salem Five or Non-Allpoint ATMs
$3.00
Foreign Transaction Fee (applies to international debit and ATM card transactions)
3.00% of the U.S. dollar amount
ATM/Visa® Debit Card Replacement
$10.00
Expedited Debit Card Delivery Fee
$45.00
External Fund Transfer Debit
No Charge
Expedited Electronic Bill Payment
$3.00
Expedited Payment by Overnight Check
$16.00
Zelle® Transfer
No Charge
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Health Savings Accounts
Health Savings Accounts
Health Savings Accounts Related Fees Amount
HSA Set-up Fee
$25.00
Monthly Maintenance Fee
$2.50
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Retirement Accounts
Retirement Accounts
Retirement Accounts Related Fees Amount
IRA Annual Service Fee
$15.00
Qualified Plan Annual Service Fee
$25.00
Distribution/Termination Fee (Under Age 59½)
$25.00
Trustee Transfer Fee
$25.00
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Miscellaneous
Miscellaneous
Miscellaneous Related FeesAmount
Money Order
$5.00
Treasurers Check
$8.00
Foreign Check Collections - Canadian Items11
$15.00
Foreign Check Collections - All Other Items11
$30.00
11 Additional charges may be assessed by intermediary bank(s). These charges will be deducted from the check or wire transfer proceeds..
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General Account
General Account
General Account Related Fees Amount
Account Reconciliation (per hour)
$25.00
Account Research (per hour)
$25.00
Incoming Wire Transfers11
$15.00
Outgoing Wire Transfer - Domestic11
$30.00
Outgoing Wire Transfer - Foreign11
$45.00
Escheat Processing (Abandoned Property)
$100.00
Legal Processing - Government Levy
$50.00
Legal Processing - Trustee Attachment or Other Legal Service
$50.00
11 Additional charges may be assessed by intermediary bank(s). These charges will be deducted from the check or wire transfer proceeds.
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Foreign Currency Exchange
Foreign Currency Exchange
Foreign Currency Exchange Related Fee Amount
Shipping Fee (per package)
$15.00