Salem Five Bank Review: $100 Visa Reward Card & 1.00% APY eOne Savings

by Baller on May 9, 2014

in Bank Deals & Bonuses

Available nationwide, there’s a great opportunity to get a $100 Visa Reward Card and earn 1.00% APY Savings account from Salem Five Bank! This reward card can be earned after opening a free, no fee eOne checking account. Once you open a new Salem Five checking account, you must complete one of the three following options to get your $100 Visa Reward Card.

  • Complete 2 direct deposit transactions over $250 within 60 days.
  • Complete 6 online bill pays within 60 days.
  • Complete 20 debit transactions within 60 days
Capital One 360: Earn Up to $1050
Capital One 360 Checking Account offers $50 bonus promotion with 3 debit purchases and no direct deposit requirement. There is no minimum or monthly fees and free Online Bill Pay. Earn $1,000 in bonuses by referring friends and family! Apply Now---Full Review

Salem Five Bank $100 Bonus Information:

  • Sign up Offer
  • Account Type: Star, Gold Star or eOne checking
  • Availability: Nationwide
  • Expiration Date: None
  • Hard Inquiry: Yes, hard credit pull.
  • Opening Deposit Credit Card Funding: No
  • Direct Deposit Requirement: Yes/No.
  • Monthly Fee: The eOne checking has no monthly fee. Star and Gold checking have $15 and $20 fee, respectively.
  • Additional Requirements: If you don’t want to do direct deposit, then you must do 6 bill pays or do 20 debit transactions within 60 days to get the bonus. Make use to promo code “PP2013″ when filling out the application form.
  • Closing Account Fee: No

Salem Five Direct eOne Saving 1.00% APY

Not just for the $100 bonus, you may be interested in Salem Five Direct’s eOne Savings 1.00% APY. This is one of the highest interest earning accounts in the country available all new customers for balances up to $500,000. The eOne Savings account has no minimum balance and no monthly fees. Enjoy free ATM card and immediate transfer between eOne Saving and eOne Checking. Instead of wandering from bank to bank, you should consider opening an account with Salem Five Direct.

The branches are located in Massachusetts area, but anyone can qualify for this $100 Visa Reward Card by opening a new checking account with Salem Five Bank and complete one of the three options listed above. See our full list of bank promotions today!

Ink Plus Business CardThe Ink Plus® Business Card offers 50,000 bonus points after you spend $5,000 in the first 3 months from account opening- that's $625 towards travel rewards. With Ink Plus, you have the cash flow flexibility with the choice to pay over time or pay in full. Cardholders earn 5X points per $1 on the first $50,000 spent annually at office supply stores, and on cellular phone, landline, internet, and cable TV services. They will also earn 2X points per $1 on the first $50,000 spent annually at gas stations and for hotel accommodations when purchased directly with the hotel. There is no foreign transaction fees and the employee cards are free. Chase has a 1:1 point transfer to participating travel programs with no transfer fees. Furthermore, you get 20% off travel redemption when booked through Ultimate Rewards. There is a $0 Intro Annual Fee for the first year, then $95.

If you have a side business such as selling on eBay, Craigslist, or do freelance work, then your business is called sole proprietorship. Simply use your name as business ID and Social Security number as tax ID. Apply Now---Ink Plus Review

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{ 7 comments… read them below or add one }

john mccann May 11, 2013 at 12:09 pm

The second chance they gave me was all a waste of time. I did the six online bill pays as it says in the fine print. Talked to a person at the bank about the status of my gift card. She said it had to be six DIFFERENT payees with respect to the online bill pays. This is not in the fine print. Closed the account. Not worth my time. Do your homework with this one or cross this bank off your list.

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john mccann February 11, 2013 at 12:50 am

I opened up the wrong account the first time. They did give me a second chance,though. Make sure you open an eOne checking account. Not sure about doing it a second time. Some banks say wait a year.

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Sam February 10, 2013 at 8:25 pm

I’m guessing there’s not a stipulation regarding past accounts with them? I opened an account last year for the bonus and closed it last year. I don’t see anything that would disqualify based on history when them.

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john mccann January 30, 2013 at 6:03 am

There’s a bait and switch to this. Make sure you open the right checking account. Call first. A few hurdles to climb to get this.

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Credit Card Education July 25, 2012 at 2:11 pm

Yes that’s a great deal but I would be careful about opening an account depending where you are in Massachusetts as there aren’t a ton of branches in Boston or the immediate burbs. You have to be north of town otherwise if you use atm’s you will get hit with tons of fees as there aren’t any Salem Five ones around. I believe they are expanding as I saw one in Fall River and I think there’s one opening in Waltham but this is the land of Citizen’s and B of A.

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jon June 10, 2012 at 10:55 pm

does this bank do a credit check? i dont want another inquiry.

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Hu$tler June 12, 2012 at 5:51 pm

Most likely a hard pull.

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