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gmoneyspent (@guest_778256)
July 3, 2019 17:48

New Salem Five Deal: $250

Promo Code: OPEN
$200 for $1500 DD
$50 for 50 debit transactions
Bonus offer expires 9/30/19

I applied, but it’s pending. So far no HP but will update if that changes.

Gmoney (@guest_778868)
July 5, 2019 09:32

Hardpull via Equifax

Applied on 7/3. Asked to upload driver’s license. No HP at that point.

This morning I got the hardpull and then received account open approval emails from Salem. They must pull it manually which explains the delay.

Grant (@guest_724341)
February 19, 2019 16:48

Anyone get a 1099-INT tax form from Salem Five for this bonus? Rep said that since I did not earn enough interest, a 1099-INT form was not generated or sent to me.

Grant (@guest_664520)
October 29, 2018 14:19

 William Charles I was reviewing my Equifax credit report and saw this:

8. Inquiries
A request for your credit history is called an inquiry. There are two types of inquiries – those that may impact your credit rating/score and those that do not.

Hard Inquiries
Inquiries that may impact your credit rating/score

These are inquiries made by companies with whom you have applied for a loan or credit. They may remain on your file up to 2 years.

Date: 07/09/2018

Company Request Originator:
SALEM, MA 01970

It looks like Salem Five did a hard credit pull when I opened the Salem Five Checking account in July 2018.

RT (@guest_649040)
September 28, 2018 18:03

Easy close account after zero out balance and request through SM to CS:

“Thank you for contacting us. We have received your request to close your zero balance account and it is now completed. Should you have any additional questions or need further assistance, please send us an email message. Sincerely, CS”

Ari (@guest_644027)
September 18, 2018 11:56

DP for DD:
Opened with promo code “STAR”. It is a hard pull.
8/30/18 Preauthorized Credit – [My Full Name] *3579 – P2P $1500
This was a transfer from my Capital One checking account (NOT Capital one 360).
9/10/18 Preauthorized Credit – Square Inc T*5750 – [First 4 letters of my name] T*8510 $1500. This was a deposit from Square Cash.
I have $1500 hitting my Capital One 360 Money Market account tomorrow, 9/19/18. I will transfer it over and keep you updated. On 9/5/18 I transferred $0.01 from that account and it showed up as Preauthorized Credit – CAPITAL ONE N.A. – CAPITALONE without any P2P language attached to it…

Ronnie (@guest_644142)
September 18, 2018 14:02

Can I ask when you opened a/c? I did a live chat with bank and was told that they discontinued the promo on 8/17/2018 so I wasn’t qualified for the bonus even though I got screenshot of promo when I opened a/c on 8/20.

Bill (@guest_633872)
August 24, 2018 12:54

I confirmed via chat today that the $150 offer is dead. However, they are now offering to cover your Netflix or other subscription (up to 14.95 per month) for a year, with the same requirements.

Ronnie (@guest_633860)
August 24, 2018 12:26

Could anyone tell me how to get my online banking User ID?
BTW this offer seems dead.

Simon (@guest_631664)
August 21, 2018 01:09

Applied 8/17, and uploaded my driver license, received update today denied. Am in Knoxville TN no reason given yet.

Brian (@guest_628964)
August 13, 2018 13:49

Sent an SM today asking what steps to take to close. They responded simply to either bring the account to $0, or let them know I wanted to close and they’d mail me a check. Planning to zero out the account and send another SM to close.

Kind of stinks this took a hard pull, because it was easy and quick.

Brian (@guest_630596)
August 17, 2018 15:13

And just to add a follow-up, once the account was drained, I sent another SM, and the account was closed the next day. No issues.

DCJoe (@guest_837602)
November 7, 2019 16:31

Same here- once account zeroed out, sent an SM. Account closed the next day.

Julie (@guest_628023)
August 8, 2018 16:02

Just noticed your title says “Salem Five $150 checking bonus” but the line below the “direct link to offer” reads “Salem Five Direct”…… It’s the “bank” that is offering the $150 bonus, not their online partner website “Salem Five Direct” . The link goes to the right place. Also, the 2.05 APY online savings you mention is offered at Salem Five Direct (but not from Salem Bank). Minor nuance, but it may confuse some.