Salem Five Bank is offering up to $250 in Visa Gift Card bonuses per year when you refer new customers to open a Salem Five Bank checking account and your new referrals will each also earn a $50 Visa Gift Card for opening an account.
Salem Five Bank Review: Up to $250 Referral Bonus
Salem Five Bank checking accounts feature free use of ATMs all over the world (Salem Five does not charge you for using non-Salem Five ATMs and they will actually reimburse ATM surcharges that will post as credits at the end of each statement cycle), cash back debit rewards, free online banking, free online bill pay, and free mobile banking with text messaging. You can open a new checking account for as little as $10 if you visit a Salem Five branch or you can open one online or by mail with at least a $100 opening deposit. Start introducing your family and friends and submit referrals to Salem Five Bank and you can both earn $50 Visa gift card rewards when they open a new checking account!
Availability: Based in Massachusetts, Salem Five Bank has branch offices in Beverly, Beverly Farms, Boston, Burlington, Concord, Danvers, Hamilton, Lynn, Malden, Marblehead, Middleton, North Andover, Peabody, Reading, Salem, Saugus, Stoneham, Sudbury, Swampscott, Tewksbury, and Woburn.
How to Earn a $50 Visa Gift Card Referral Bonus:
- Current customers need to complete the information on Salem Five Bank’s Referral link, https://www.referlive.com/salemfiverf, and can submit up to 5 referrals at once. Your referral will get an email containing registration instructions and requirements of the program.
- To be eligible for this offer, the referring party must be an existing customer of Salem Five with an account that is in good standing, and those being referred must be new customers to Salem Five and open a new Salem Five Star, Gold Star or eOne Checking account as a primary owner.
- Once open, the account must meet one of the following transaction criteria within 60 days of account opening: 1.) Two direct deposits over $250 each, 2.) Six online bill pays over $25 each (multiple bill pays to the same payee or to an individual do not count) or 3.) 20 debit transactions over $5 each to receive a $50 Visa Reward Card.
- After the referred member has opened a new Star Checking account with qualifying activity, you will each receive a $50 Visa Gift Card. All gift cards will be issued within 60 days of successfully meeting one of the transaction criteria listed.
- To qualify, the referred member must follow all steps exactly as described and meet all program terms and conditions.
- Limit one incentive per new account opened with a limit of five $50 Visa gift card rewards per calendar year, totaling up to $250 per year in referral bonuses.
- This program may be modified or cancelled at any time without notice to either party.
Upon meeting the qualifications listed, you and your referrals can each receive a $50 Visa gift card as a reward for sharing the benefits of banking with Salem Five Bank.
Review our list of best bank bonuses for other referral rewards out there.