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 to September 17, 2024
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CHECKING ACCOUNTS
Checking Accounts
Features Interest Checking
Minimum Balance to Open
$10 - online/mail
$10 - online/mail
Monthly Maintenance Fee
None
None
Charge per Check Paid
No Charge
No Charge
Online Banking with Bill Pay
No Charge
No Charge
Cash Back Debit Rewards1
$.05/chip, swipe or sign
None
Salem Five ATM Fees for Transactions at Non-Salem Five or Non-Allpoint ATMs2
No Charge
No Charge
Reimbursement of other banks' ATM surcharges2
Up to $15.00
None
1 Your Cash Back Debit Rewards will post to your account when your statement cycles. ATM and PIN transactions do not qualify. 2If 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 eOne Checking, surcharges up to $15.00 per statement cycle will be reimbursed. -
SAVINGS ACCOUNTS
Savings Accounts
Features Monthly Maintenance Fee
None
Minimum Daily Balance to waive Monthly Fee
None
Excess Debit Fee3
$10.00
Salem Five ATM Fees for Transactions at Non-Salem Five or Non-Allpoint ATMs4
$2.00
Conditions
None
3 A savings account is a limited transaction account that permits up to six pre-authorized, automatic or telephone transfers per calendar month to third parties or between deposit accounts within the Bank. Debits in excess of these limitations are assessed the excess debit fee. 4If 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.
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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)5
$5.00/$35.00
Overdraft Protection Annual Fee
$25.00
Returned Deposited/Cashed Item6
$7.11/$7.50
Stop Payment Order
$30.00
Copy of Check, Statement or Deposit Slip7
$5.00
Lost Passbook Fee
$20.00
Check Printing and Supplies
Fees Vary
Account Closing By Mail
$10.00
Inactivity Fee8
$5.00
Branch Transaction Fee9
$9.95
5 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.
6 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.
7 Per statement, deposit slip or check (first 25 checks requested annually per account are free).
8The inactivity fee will be imposed on eOne checking accounts if the average daily balance is below $250.00 and the account has been inactive for the preceding 12 months.
9 eOne Checking and eOne Savings customers will be charged if a transaction is conducted at a branch. -
Electronic Banking
Electronic Banking
Electronic Banking Related Fees Amount
Withdrawals or Inquiries at Salem Five ATM locations and Allpoint ATMs
No Charge
Withdrawals or Inquiries at Non-Salem Five ATM locations or Non-Allpoint ATMs
$2.00
Point of Sale Transaction
No Charge
ATM/Visa® Debit Card Replacement
$10.00
External Fund Transfer Debit
No Charge
Expedited Electronic Payment
$9.95
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 Items10
$15.00
Foreign Check Collections - All Other Items10
$30.00
10 Additional charges may be assessed by intermediary bank(s). These charges will be deducted from the check or wire transfer proceeds. -
General Account
General Account
General Account Related Fees Amount
Account Reconciliation (per hour)
$25.00
Account Research (per hour)
$25.00
Incoming Wire Transfers10,11
$15.00
Outgoing Wire Transfer - Domestic10
$25.00
Outgoing Wire Transfer - Foreign (in US Currency)10
$40.00
Outgoing Wire Transfer - Foreign (in Foreign Currency)10
$30.00
Escheat Processing (Abandoned Property)
$100.00
Legal Processing - Government Levy
$50.00
Legal Processing - Trustee Attachment or Other Legal Service
$50.00
10 Additional charges may be assessed by intermediary bank(s). These charges will be deducted from the check or wire transfer proceeds.11 eOne Checking will be reimbursed up to $20 per statement cycle. Interest Checking is not charged an incoming wire fee.