Personal Banking > Personal Checking

Personal Checking

Everyone has their own unique set of financial needs. It’s time to explore yours.

All of our checking accounts feature the following benefits:

- Free Online Banking with Bill Pay
- No annual fee Debit/ATM card
- Free My Cards service with Debit/ATM cards
- No ATM surcharge fees when used at AllPoint® or Moneypass ATMs or SCB branches
- Free monthly online or paper statements
- Direct Deposit (routing # 211472977)
- Free Notary Public service
- Overdraft Protection/Line of Credit **
- Automated Telephone Banking services

Totally Free Checking

With our Totally Free Checking account, you get all the essentials and no fees or hassles. This is a great account for college students, or anyone looking to take control of their finances.

Age requirement to open an account is eighteen (18)
Minimum $10.00 deposit to open
Non-interest bearing
No monthly maintenance service charge fees
Overdraft fees may apply
Free personalized checks (with standard check design)

Open an Account

Partnership Account

A Partnership Account with
Salem Co-operative Bank gives you additional control over checking and savings options. Designed to fit your needs and priorities, it’s the ultimate way to take advantage of our tiered premium rates.

When you open a Partnership Checking Account, you’ll also qualify for a Partnership Savings Account

Age requirement to open an account is eighteen (18)
Minimum daily balance of $7,500.00* required to waive the $17.50 monthly maintenance charge
Tiered interest rates based on your daily balance***
Free personalized checks (with standard check design)
No transaction fees on an Overdraft Protection/Line of Credit**
Check Today’s Interest Rates

Open an Account

Interest Checking Account

For those ready to step up from a basic account and earn interest on their money, an Interest Checking Account from
Salem Co-operative Bank is the perfect solution.

Maintain a minimum daily balance of $500.00 and earn a competitive interest rate***
Age requirement to open an account is eighteen (18)
Minimum $10.00 deposit to open
Maintain a minimum daily balance of $500.00 and avoid an $8.00 monthly maintenance fee
No transaction fees on an Overdraft Protection/Line of Credit**
Check Today’s Interest Rates

Open an Account

Senior Advantage Checking

For individuals 60+, our Senior Advantage Checking account is an excellent option for promoting a sound financial future.

Minimum age requirement to open an account is sixty (60)
Minimum $10.00 deposit to open
Maintain a minimum daily balance of $1.00 and earn a competitive rate of interest***
No monthly service charge
Free personalized checks (with standard check design)
No transaction fees on an Overdraft Protection/Line of Credit**
Check Today’s Interest Rates

Open an Account

Open a checking account with Salem Co-op Today!

Contact us today to discuss the account that works best for you!

Contact Us

View a comparison of our accounts

CHECKING ACCOUNTS	Totally Free	Partnership Checking	Interest Checking	Senior Advantage
Minimum Balance to Open	$10.00	$10.00	$10.00	$10.00
Pay Interest	No	Yes***	Yes***	Yes***
Minimum Daily Balance to Earn Interest	No interest paid	$.01	$500.00	$1
Free Standard Salem Co-Operative Bank Check	Yes	Yes	No	Yes
Monthly Maintenance Service Charge	None	$17.50 if daily balance falls below combined $7,500.00*	$8.00 if daily balance falls below $500.00	None
Minimum Daily Balance to Avoid Service Charge	None	$7,500.00* combined	$500.00	None
Age Requirement to Open	18 years	18 years	18 years	60 years
Overdraft Protection / Line of Credit Available	Yes **	Yes **	Yes **	Yes **
Direct Deposit Available? (Routing #211472977)	Yes	Yes	Yes	Yes
No annual fee Debit/ATM Available?	Yes	Yes	Yes	Yes
Online Banking Available with Free Bill Pay	Yes	Yes	Yes	Yes
Imaged Statements	Yes	Yes	Yes	Yes

Minimum daily balance requirements of $7500.00* may be a combination of a Partnership Checking, Partnership Savings and/or other retail deposit accounts.

Overdraft Protection/Line of Credit is a personal loan subject to credit approval. $10.00 annual fee.

Rates may change after the account is opened. Interest rates and annual percentage yields (APYs) may change at any time. Interest begins on the same business day you make your deposit on collected funds, unless we notify you. We calculate interest every day based on the daily balance in your account. Interest is accrued until the end of your monthly statement cycle when it is added to your balance (compounded monthly). Unpaid interest will be forfeited if you close your account before the interest is posted.

Additional Resources

Personal Deposit Rates and Fees | FDIC Insurance Estimator| Important Information about Opening Accounts | FDIC Video

You are now leaving the Salem Co-operative Bank Website

The site you have chosen is independent from Salem Co-operative Bank. We do not control these websites and do not guarantee the accuracy, completeness and security of the information contained therein. Please be aware that the Privacy Policy of the linked website is not that of Salem Co-operative Bank’s Privacy Policy. Thank you.

Continue to the Site Go back to Salem Co-operative Bank