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Notice of Changes in FDIC Insurance Coverage for Transaction Accounts
By federal law, as of 1/1/2013, funds in a noninterest-bearing transaction account (including an IOLTA) will no longer receive unlimited deposit insurance coverage, but will be FDIC-insured to the legal maximum of $250,000 for each ownership category. For more information about FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
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A Dent County Tradition Since 1883 Phone: 573-729-3137 Contact Us | Privacy Policy | Location/Hours
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About The Bank E-Banking Checking Savings Loans Business
Business Checking | Business Interest Checking | Business Internet Banking | Business Online Bill Paying | Business Savings | Business Money Market Accounts | Visa Business Credit Card
Checking AccountsBusiness Products The Bank of Salem offers a variety of products and services designed to help you manage your business accounts and safely grow your business capital.

Business Checking Accounts
Minimum opening balance is $100.00. Unlimited check writing privileges with no per check charges. Learn More...

Business Interest Checking Accounts
Minimum opening balance is $500.00. Maintain a $1,000.00 minimum balance, and you’ll avoid the $7.50 monthly fee. Monthly interest paid on average balances of $1,000.00 or more. Unlimited check writing privileges with no per check charges. Learn More...

Business Internet Banking
The Bank of Salem offers an efficient and easy to use online banking product (ECORP) designed specifically for business customers. Your business can save time and money by not having to make trips to the bank. Learn More...

Business Online Bill Paying (BIZ-EPAY)
Available through the Bank of Salem Business Internet Banking, Business Online Bill Pay (BIZ-EPAY) with No Monthly Fee! Learn More...

Business Savings Accounts
Minimum opening balance is $100.00. Rate of interest is established each month on the basis of prevailing market conditions. Nonprofit organizations and government agencies are exempt from the maintenance fee, and are paid interest, regardless of the minimum quarterly balance. Learn More...

Business Money Market Accounts
Minimum opening balance is $2,500.00. Minimum daily balance determines interest rate tier. There is no limit on the number of withdrawals made in person, by mail, by telephone (via check mailed to the customer), or at ATM’s. Learn More...

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