The Savings Bank

The Savings Bank is a state-chartered mutual bank, which means that we have no shareholders. We consider ourselves a "community bank" in every sense. The Bank is headquartered in Wakefield (3 offices), with two offices in Lynnfield, and one each in North Reading, Andover, and Methuen. In 1981 we opened the 1st Educational Savings Branch at Wakefield High School - the first student run branch in the Nation. We also offer THE C.L.U.B. (Children Learning to Understand Banking) in grades 1-8 in several local schools. We've been serving local communities and families for over 140 years.

Identification Required to Open a New Account
Description of your identification policy: 
2 forms of ID required.
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.
What other IDs are valid to open an account: 
U.S. Military ID Common Access Card (with photo).
What other IDs are valid to open an account: 
U.S. Armed Forces ID.
Other Bank Products and Services
Outgoing International wire transfers: 
Yes
Cost of wire transfer: 
$45.00
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: 
800-246-2009 8:30AM - 5PM
Language assistance available (not necessarily in person): 
No
Idiomas: 
Spanish, Portuguese
Incentives available for completing financial education training: 
No, incentives are not available.
 

 

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