Opening a Trust Account
If you’re interested in opening a Trust account, please complete the following steps.
Trust accounts with a separate Employer Identification Number (EIN) are ineligible to use this online application and must be opened in person at one of our branches .
What Salem Five will need from you:
Mail all documentation to: Salem Five Bank, Attn: Account Opening, 210 Essex Street, Salem, MA 01970
Please note:
All supporting documents and questions may be emailed to: accountopening@salemfive.com
Trust accounts with a separate Employer Identification Number (EIN) are ineligible to use this online application and must be opened in person at one of our branches .
What Salem Five will need from you:
- Your completed Trust Application
- Completed W‑9 Form
- Completed Delegation of Trustees Form
- A copy of a government-issued ID (driver’s license or state ID)
- A notarized copy of the Certificate of Trust or Trust document
- Your funding check (minimum $10 per account)
Mail all documentation to: Salem Five Bank, Attn: Account Opening, 210 Essex Street, Salem, MA 01970
Please note:
- Additional identifying documentation may be required
- Allow up to 10 business days after receipt of application
- Please review our Consumer Banking Services Agreement and Account Disclosures
- By submitting the application, you authorize Salem Five to obtain credit and reference information from consumer reporting agencies for evaluation.
All supporting documents and questions may be emailed to: accountopening@salemfive.com