Cambridge Savings Bank

What is it that sets Cambridge Savings Bank apart from any other banking experience you’ll ever have? Simple. We treat every customer like they’re our only customer. And how do we do this? By providing a level of personal attention, respect, and responsiveness that you just won’t find anywhere else.

Identification Required to Open a New Account
Description of your identification policy: 
An individual is required to provide one form of unexpired government issued photo ID, social security number, date of birth, place of birth, occupation and physical residential address at account opening.
IDs acceptable to open account: 
Yes
What other IDs are valid to open an account: 
Permanent Resident Card (Form I-551) with photo.
What other IDs are valid to open an account: 
U.S. non-Immigrant Visa and Border Crossing Card (Form DSP-150) with photo.
Other forms of identification that are valid to open an account: 
US or Canadian Driver’s License Passport or Passport ID Armed Forces ID MA Law Enforcement Officer Photo ID Permanent Resident Card (INS Form I-551) for resident aliens Massachusetts Liquor ID MA State ID Special Primary ID* *Special ID documents may be allowed for the above CIP requirements ONLY if NONE of the above Primary documents are available. Typically this cteogry is used for elderly or disabled persons, however other persons may be considered in rare circumstances if standard Primary documents do not apply: Social Security Card (original) Medicare Card Medicaid (MassHealth) Card Insurance card other than Medicare or Medicaid Card Certified Copy of Birth Certificate Expired Driver’s License (only verifiable within ONE YEAR) Massachusetts Commission for the Blind ID with expiration date
Savings Account Features
Monthly Maintenance Fee: 
$1 monthly maintenance fee when $10.00 minimum daily balance requirement not met
Minimum opening deposit: 
$1.00
Ability to have an automatic transfer (auto-save) from other accounts: 
Yes
Considers Chexsystems if less than 6 months: 
Case-by-case basis
Other Bank Products and Services
Outgoing International wire transfers: 
Yes
Cost of wire transfer: 
$40 outgoing intl wire fee
Remittances to foreign countries available: 
No
Free On-Line Banking: 
Yes
Cost for money orders: 
$4.00
Mobile banking available: 
Yes
Monthly statements : 
No additional cost
"Help" phone line hours: 
Mon - Fri 8am to 6pm Saturday 9am to 3pm Sunday 10am to 3pm
Language assistance available (not necessarily in person): 
Yes
Languages: 
Spanish Portuguese Russian Mandarin Cantonese
Incentives available for completing financial education training: 
We sponsor and present at CHAPA-Certified First-Time Homebuyer Seminars (in 2017 – 11 Seminars with 7 different organizations). Completing these seminars is one of the requirements for homebuyers to qualify for affordable loan programs such as Mass Housing.
 

 

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