I’ve been trying to close most of my accounts to lessen the headache. Salem Five Direct’s eOne checking account is giving me second thought. Currently, my main account for all bill pay is with Presidential bank. Salem’s checking account has several reasons to switch:
- 5 - 6.1% APY checking account with no limit.
- $25 bonus for Direct Deposit
- No monthly fee or minimum monthly requirements
- Up to $15 refund in ATM fees per month
- Free online bill pay and debit card
It only takes 100 dollars to open, and there’s no 10 transactions requirement. The above features are like a combo of Everbank/Presidential features. They also have 1 inbound wire transfer free per month and free first order of checks. It’s FDIC insured so stay under $100K. The only negatives are you must sign up for e-statements and no electronics fund system within the account. You can, however, initiate ACH trasnfer from other banks. For more information, call their toll-free number at 800-322-2265.
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