Salem Five Cash Back Debit Rewards Proves Banking Customers CAN Get Fee-Free Debit Card Transactions and More

SALEM, Mass., Oct. 5, 2011 /PRNewswire/ -- What's all the noise about debit card fees? Salem Five has a simple philosophy for customers using its Salem Five Visa Debit Card - provide convenience, safety, and value. When paired with Salem Five's Star, Gold Star or Smart Student Checking accounts, customers win two ways: cash back on debit card transactions with no limit to how much one can earn, as well as free ATM usage worldwide.

By simply using their fee-free debit card for a non-PIN or signature-based transaction, Salem Five customers enjoy the cash back benefit. Customers who opt for debit cards are enrolled in the program at account opening. Cash rewards automatically post to statements at the end of the account cycle at a rate of $0.005 for every $1.00 purchase.

In addition to never charging for using foreign ATMs worldwide, Salem Five Gold Star Checking customers also receive unlimited reimbursement of other banks' ATM surcharges; Star Checking and Smart Student Checking customers are reimbursed for ATM fees up to $15 each month.

"As a modern mutual bank, Salem Five has built its products around customers' needs, not ours," said Janis Dodge, Senior Vice President of Retail Banking at Salem Five. "Listening to the needs of the banking consumer is our priority, and our cash back debit cards, free ATMS and other customer-centric products allow us to deliver personal banking solutions that serve the community, not shareholders."

Salem Five (salemfive.com) believes better banking starts with listening. A mutual institution founded in 1855, Salem Five designs and delivers sophisticated retail and commercial banking products and services coupled with smart technology. The first bank in the country to offer online banking, Salem Five continues to innovate, providing banking access wherever its customers need it: online, mobile, ATMs, offices, phone, email and more. Salem Five is one of the largest Massachusetts-headquartered banks with $2.8 billion in assets, and has 23 retail branches. Salem Five Mortgage Company finances more homes statewide than any other Massachusetts bank, and has offices throughout Massachusetts, Maine and Rhode Island. Salem Five Investment Services offers financial and retirement planning, portfolio review and money management with a focus on retirement income. Salem Five Insurance Agency provides personal and commercial insurance. Deposits are insured through the FDIC and DIF.

Media contacts:
Mark O'Toole
Castle
[phone]
[e-mail]

Scott Hanna
Salem Five
[phone]
[e-mail]

SOURCE Salem Five