Open an Account

Please Note: Online account opening is available to MA and RI residents only.

Important Information About Opening An Account

On September 11, 2001, our lives changed forever. In an effort to protect you and our country, the USA PATRIOT ACT was signed into law. To help the government fight the funding of terrorism and money laundering activities, federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. We proudly support all efforts to protect and maintain the security of our customers and our country. When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may ask to see your drivers license or other identifying documents.

You authorize Dedham Savings to obtain a consumer report on you for the purpose of verification of your identity and information that you have provided to us. Upon request, you agree to provide personal identification, such as a driver’s license, when conducting certain transactions. For deposit accounts, Dedham Savings may obtain any credit reference necessary, including but not limited to ChexSystems.

Electronic Signatures

Section 101(c)(1) of Title 1 of the Electronic Signatures in Global and National Commerce Act allows financial institutions to issue electronic records to a consumer after obtaining the consumer’s affirmative consent. You should know that:

• Our deposit product disclosures are available in both electronic and paper form.
• You may request paper copies of our deposit product disclosures, free of charge, at any time, upon request at any of our branches, by letter or by email
• Consent to receive electronic disclosures applies only to your application for a Dedham Savings deposit account. Other disclosures may be provided in paper form as necessary.
• You may withdraw your consent to receive electronic disclosures or update information needed to contact you by notifying us in writing at Dedham Savings, PO Box 9107, Dedham, MA or by email at [email protected]
• In order to receive our electronic disclosures, you will need “Adobe Acrobat Reader” software installed on your computer, and a printer installed. A link to download Adobe Acrobat Reader for free will be contained in the web page presented to you upon submission of this application.

A Note About Checking And Savings Accounts

On each checking or savings account, the bank may obtain any credit reference necessary but not limited to ChexSystems. The bank reserves the right to enforce a limit of one Reward Checking account per customer.