What is the minimum balance requirement for a checking account?

The minimum balance requirement for a checking account at Salem Five depends on the type of checking account you have. Generally, our basic checking account doesn't have a minimum balance requirement. However, if you choose to open a premium or interest-bearing checking account, there may be a minimum balance requirement. These requirements vary based on the specific account type and may range from $100 to $2,500. We recommend reviewing the account details or speaking with one of our knowledgeable representatives to determine the minimum balance requirement that applies to the specific checking account you are interested in. At Salem Five, we have a variety of checking account options to suit different financial needs.