Our secure browser is a convenient gateway to applications provided to our commercial clients. It offers the confidence of layered protection through secure site access, malware prevention and one-time passcodes delivered via text.
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Salem Five Direct is an online division of Salem Five Bank, an innovative bank located in Salem, MA with over 150 years of banking experience. You will find unique bank product offerings developed exclusively for clients seeking to conduct business on the internet.
Yes, you will see the option to add a joint owner or a beneficiary at the bottom of the first page of the application. At the time of the application, you can only add one joint account holder and one beneficiary. However, after the account is approved and opened, please call us to add additional owners.
When you click the link to review the disclosure(s), it will open in a new tab. Once you have read and reviewed the information, close the tab and you will be back at the Review Disclosures page of the application. Please note that you must open and review each disclosure listed in order to check off the ‘I/We Agree’ box.
Once your application has been approved and your account fully opened, you will receive a secured email with enrollment instructions.
Deposit Insurance Coverage (FDIC)
The FDIC insures all deposits.
Watch the video to learn more about how the FDIC insures all deposits, including checking, NOW and savings accounts, money market deposit accounts, and certificates of deposit (CDs), up to the insurance limit.