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:

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)

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 with rates competitive with CD’s
  • 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**
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NOW Checking Account

For those ready to step up from a basic account and earn interest on their money, a NOW 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**
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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**
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Open a checking account with Salem Co-op Today!

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

Contact Us
View a comparison of our accounts
CHECKING ACCOUNTS
Totally Free
Partnership Checking
NOW
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

Additional Resources

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

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