Checking

Checking

Where your money ebbs and flows. This is the workhorse account, the one where you keep your spending money, the one where your paycheck is deposited, the one that pays the monthly bills, and the one that fuels your debit card. Salem Seaport has a number of comprehensive checking accounts so you can choose the one with the features you value most.

  No Minimum Balance No Monthly Service Fee Free ATM (SUM) Free Online Banking & Bill Pay Free eStatements Free CU Audio Free Checks Earns Interest Master Money Debit Card
eChecking First 50
NOW Checking With Direct Deposit or $500 First 50  
Student First 50  
Senior Advantage Basic
Salem Seaport Preferred With Direct Deposit or $500

eChecking

  • Easy, convenient, flexible
  • Free and unlimited ATM transactions (withdrawals, account transfers, balance inquiries, etc.) with MasterMoney™ Debit Card
  • Reimbursement up to $10 per month for ATM fees charged for “out of network” ATM transactions
  • Free Online Banking with unlimited Bill Pay
  • Free eStatements
  • Free CU Audio 24-hour telephone account access
  • A free first order of 50 checks
  • The opportunity to earn interest on your account balance
  • No minimum balances to worry about

* Direct Deposit, Online Banking, Bill Pay and eStatements are required to maintain an eChecking account.

NOW Checking

  • No minimum balance requirements* with Direct Deposit
  • No monthly service fee with Direct Deposit or a minimum daily balance of $500
  • No per check charge
  • First 50 checks free
  • Convenient monthly statements with photo images of checks written
  • 24-hour Automated Teller Machine (ATM) access (member of the SUM Network) with MasterMoney™ Debit Card
  • Purchases are automatically deducted from your checking account and appear on your monthly statement
  • Free CU Audio 24-hour telephone access
  • Free Online Banking with unlimited Bill Pay
  • Free eStatements

* Minimum daily account balance required is $500 to avoid monthly service fee (see Fee Schedule). Minimum balance fee waived with Direct Deposit. Basic NOW Checking is a non-interest bearing account.

Student Checking

  • No minimum balance required
  • No monthly service fee
  • No per-check charge
  • Free first order of standard checks (50 checks)
  • Convenient monthly statements
  • 24-hour Automated Teller Machine (ATM) access (member of the SUM Network) with MasterMoney™ Debit Card
  • Purchases are automatically deducted from your checking account and appear on your monthly statement
  • Free 24-hour access to CU Audio telephone response system
  • Free Online Banking with unlimited Bill Pay
  • Free eStatements

Senior Advantage Checking

  • For members who are 55 and over
  • Flexibility of paying by check or debit card
  • Earns interest*
  • No minimum balance requirements
  • No monthly service charge fees
  • No per check charges
  • Free Basic Checks
  • Convenient monthly statements (with photo images of checks written)
  • 24-hour Automated Teller Machine (ATM) access (member of the SUM Network) with MasterMoney™ Debit Card
  • Purchases are automatically deducted from your checking account and appear on your monthly statement
  • Free 24-hour access to CU Audio telephone response system
  • Free Online Banking with unlimited Bill Pay
  • Free eStatements

* Minimum requirement to open deposit/minimum daily balance to receive APY.

Salem Seaport Preferred

  • Earn interest with tiered interest rates*
  • Convenient monthly statements (with photo images of checks written)
  • Free checks
  • No per check charges
  • No fees for ATM or debit transactions
  • 24-hour Automated Teller Machine (ATM) access (member of the SUM Network) with MasterMoney™ Debit Card
  • Purchases are automatically deducted from your checking account and appear on your monthly statement
  • Free 24-hour access to CU Audio telephone response system
  • Free Online Banking with unlimited Bill Pay
  • Free eStatements

* Minimum daily account balance required is $25,000 to avoid a monthly service fee (see Fee Schedule). Minimum balance waived with Direct Deposit. Rate is variable and subject to change after account is opened. Personal accounts only.

Checking Account Rates*

These Rates Accurate as of
Checking Account Name Rate APY*
NOW Checking 0.00% 0.00%
Student Checking 0.00% 0.00%
eChecking 0.10% 0.10%
Senior Advantage Checking 0.10% 0.10%
Salem Seaport Preferred Checking (Tiered Rate Structure)
  •Balances up to $24,999 0.00% 0.00%
  •$25,000 - $49,999 0.30% 0.30%
  •$50,000 - $74,999 0.40% 0.40%
  •$75,000 - $99,999 0.45% 0.45%
  •Balances over $100,000 0.55% 0.55%

*APY is Annual Percentage Yield. The rates quoted above are accurate as of the date indicated and are subject to change without notice. Dividends are compounded and credited monthly based on the average daily balance in your account. If your average daily balance falls below the minimum for that dividend period, you will not earn any dividends during that period. Variable share deposit rate account rates may change after account is opened. Fees could reduce the earnings on any account.

MasterMoney™ Debit Card

  • Breeze through checkout lines
  • Use it anywhere you see the MasterCard™ symbol
  • Feel free without having to carry cash or write checks
  • Purchases deducted from your chosen Salem Seaport checking account
  • Protected by FraudWatch® Plus from identity theft, fraud and unauthorized charges

ATM Card

  • Get cash
  • Check account balances
  • Make transfers across different Salem Seaport CU accounts
  • Make deposits
  • Member of NYCE Network System with the SUM logo
  • More than 2,800 SUM ATMs throughout Massachusetts alone

Overdraft Protection

  • Available to members who have a checking account
  • Ensures that checks are paid regardless of account balance (up to the limit of your line of credit)
  • No overdraft transfer fee
  • Competitive interest rate
  • Loan approval required
  • Can be an automatic transfer of money from your main share account
  • Sweep Accounts and Overdraft Privilege also available - ask us for details

Check it out today. We invite you to fill out a Salem Seaport checking enrollment form online (seaportcu.org), or print it out and bring it with you to our Lafayette Street office; it’s next to Salem State University. You can also come on in and we’ll take care of everything for you. Don’t worry if you have an account somewhere else; our Checking Account Switch Kit can make the transition smooth and easy.

As always, please don’t hesitate to contact us at 978.744.1153 or info@seaportcu.org if you have any questions.