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    Salem Five Bank

    5.0 (1 review)
    Closed 9:00 am - 1:00 pm

    Services - Salem Five Bank

    Personal banking

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    7 years ago

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    Bank of America Financial Center - Storefront

    Bank of America Financial Center

    (11 reviews)

    I visited the BofA on Rt 114 in Peabody to make a deposit into my daughter's account. I was told…read morethat because I didn't have an account with them, they could not accept a CASH deposit. The potential for 'Money Laundering' was the explanation I was given. I could see if it was a suspicious (large) deposit, but $340. Maybe BofA should revisit their policy. They didn't even try to cross-sell me an account - which they had the perfect opportunity to. Awful service! Can you say "inconvenient?" Stick with a smaller regional or community bank if you want better service.

    If I could give this place 0 stars I would. I scheduled an appointment for a specific service which…read moreI told the associate when scheduling. I arrive to the bank in the middle of my work day to be placed with an associate who can't even help me and tells me I need to make another appointment. When scheduling my appt I told them the purpose, so why would I need to schedule another appointment? This individual kept taking my personal documents onto the bank floor to "show their manager". No personal documentation of this nature should be floating around in this manner. Another unprofessional aspect of this interaction; I received a call confirming my appt 3 minutes before the appt. Why would you not call a day in advance or what was the point of that since I was already about to be there? Lastly, the associate continuously spoke down to me referring to me as "honey". I work in banking myself and I would never speak to a client or handle any sort of transaction in this manner. Safe to say my money will never see Bank of America again. Do yourself a favor and avoid this bank if you are looking for a professional and seamless banking experience.

    Salem Five Bank - banks - Updated May 2026

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