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Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts
All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.
The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
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About The Bank E-Banking Checking Savings Loans Business
Internet Banking | Mobile Banking | Tele-Banking | ATM | Debit Cards| E-Statement | Online Bill Paying | Fraud
Automated Teller Machines (ATMs) Automated Teller Machine (ATM) Cards allow access to Checking, Interest Checking, Savings, or Money Market Deposit Accounts through the bank’s ATMs located at the Branch Facility at 1001 South Main Street and our Main Bank Facility at 100 West Fourth Street. Our ATM Cards also allow access to your deposit accounts at ATMs worldwide displaying the CIRRUS/MasterCard or SHAZAM logos.
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There are no fees assessed for transactions done at the Bank of Salem’s ATMs. There is a $1.00 charge per transaction done at non-proprietary ATM’s. Privileged Status NetworkPrivileged Status ATM Network The Bank of Salem has joined with a group of independent, community financial institutions, to provide you with a no-surcharge guarantee. Privilege Status is a program that allows Bank of Salem customers to use ATMs of other Privilege Status financial institutions with NO SURCHARGE FEES. Currently there are hundreds of Privileged Status ATM’s available to you. Just look for the Privileged Status Logo at ATM’s and you won’t pay a surcharge fee. Click on this link for locations of Privileged Status ATM’s. MasterCard Secure Code SecureCode is a service that helps protect MasterCard card accounts against unauthorized Internet transactions by using identity information established between an individual cardholder and his or her financial institution. Learn More!