Take advantage of the latest Salem Five bonuses, promotions and offers here.
Update 9/25/25: There’s currently a $500 checking bonus available through 10/13/25.
Salem Five Bonuses Review
I’ll review the current Salem Five bonuses below.
Salem Five $250 Checking Bonus
Earn a $250 bonus from Salem Five when you open a new Free Account.
- What you’ll get: $200 Bonus
- Eligible account: Checking Account
- Where it’s available: MA, NH, RI (Bank Locator)
- Credit inquiry: Hard Pull? Let us know
- Direct Deposit Required: Yes
- Monthly Fee: None
- How to earn it:
- To qualify for the $500 offer, the Open Account must be opened between 9/15/25 and 10/13/25 using promo code 2025SEP500 at account opening.
- Must have two or more direct deposits with a cumulative amount of $2,000 or more made within 90 days of account opening.
- The one-time offer will be deposited into the new checking account within 60 days of meeting the offer criteria.
(Expires 10/13/2025)
| Bank of America Checking ($500 Bonus Offer) | KeyBank Checking ($300 bonus) |
| SoFi Checking & Savings Account ($325 bonus) | |
Fine Print
- To qualify for the $500 offer, the Open Account must be opened between 9/15/25 and 10/13/25 and must have two or more direct deposits with a cumulative amount of $2,000 or more made within 90 days of account opening.
- Direct deposit is reoccurring income electronically deposited into your checking account for purposes such as payroll, pension, or government benefits.
- Person to Person payments and balance transfers do not apply.
- The one-time offer will be deposited into the new checking account within 60 days of meeting the offer criteria.
- Account must be open with a positive balance at the time the offer is credited.
- Offer is restricted to one per customer and one per household.
- Must be at least 18 years of age and resident of MA, NH or RI. Salem Five employees are ineligible.
- The $500 offer is nontransferable and restricted to those individuals receiving the offer.
- Customer must be a new customer who has not had a personal checking account at Salem Five within the last twelve months.
- Customer must provide the promo code of 2025SEP500 at account opening.
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Conclusion
Salem Five offers these great bonuses with no monthly service fees, so your money is yours to keep. In addition, they offer online banking services, so you can manage your funds anytime!
While these bank promotions are rather attractive, you can also take advantage of our list of Savings, Money Market, and CD rates.
However, if you are not interested, definitely take a look at our bank bonuses page to find other offers. Some popular bank offers include Chase Bank, Discover Bank, TD Bank, Huntington Bank, HSBC Bank and many more.
Feel free to comment on this post with any questions you may have about Salem Five, their accounts they offer, or any experiences you have had!
Check back often for more Salem Five Bonuses, Promotions, or Offers!
