Exchange Bank of California Business Advantage Checking
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| Monthly Fee | $25 |
| ATM Fee: Out-of-Network | Starting at $1.50 |
| Minimum Balance to Avoid Monthly Fee | Starting at $10,000 |
| APY (Annual Percentage Yield) | 0.02% - 0.09% |
Exchange Bank of California Business Advantage Checking Review
Exchange Bank of California Business Advantage Checking is offered by Exchange Bank of California, founded in 1890 and based in Santa Rosa, CA. Exchange Bank of California Business Advantage Checking is available in 1 state across the USA.
- Higher than average APY. Exchange Bank of California Business Advantage Checking has an annual percentage yield of up to 0.09%, which is higher than the national average interest rate on savings accounts. Note that you must keep a minimum balance of $0.01.
- Charges a monthly fee. This account charges a monthly service fee of $25, but the fee is waived if you keep a minimum balance of $10,000.
- $500 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
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Are business checking accounts from Exchange Bank of California federally insured?
No, your Exchange Bank of California business checking accounts are not insured by a federal insurance agency. This means that if Exchange Bank of California were to fall into financial difficulties, your deposits are not covered by a government backed insurance fund like the FDIC or NCUSIF.
What APY does Exchange Bank of California Business Advantage Checking offer?
Exchange Bank of California Business Advantage Checking offers an APY starting at 0.02% and ranging up to 0.09% (APY stands for annual percentage yield, rates may change). However, to earn interest you must keep a minimum balance of $0.01.
| Rates | Amount |
|---|---|
| APY (Annualized Percentage Yield) | 0.02% - 0.09% |
What are the account minimums for Exchange Bank of California Business Advantage Checking?
Exchange Bank of California Business Advantage Checking requires a minimum initial deposit of $500 to open an account.
| Description | Amount |
|---|---|
| Minimum Initial Deposit | $500 |
| APY Minimum Balance | $0.01 |
| Minimum Combined Balance to Avoid Monthly Fee | $30,000 |
| Minimum Balance to Avoid Monthly Fee | $10,000 |
What fees does Exchange Bank of California Business Advantage Checking charge?
This account charges a monthly maintenance fee of $25.
| Description | |
|---|---|
| ATM Fee: In-Network | $0 |
| ATM Fee: Out-of-Network | Starting at $1.50 |
| Check Copy | $0 |
| Check Image Service | $2 |
| Debit Card Replacement Fee | $0 |
| Foreign Transaction Fee (Debit Card) | 1.2% |
| Monthly Fee | $25 |
| NSF Fee | $32 |
| Online Bill Pay Fee | $0 |
| Overdraft Item Fee | $32 |
| Overdraft Protection Fee (per transfer) | $10 |
| Paper Statement Fee | $5 |
| Returned Deposit Fee (Domestic) | $10 |
| Returned Deposit Fee (International) | $10 |
| Stop Payment Fee | $32 |
| Wire Transfer Fee - Domestic (Incoming) | $15 |
| Wire Transfer Fee - Domestic (Outgoing) | $30 |
| Wire Transfer Fee - International (Incoming) | $15 |
| Wire Transfer Fee - International (Outgoing) | $55 |
What features and perks does Exchange Bank of California Business Advantage Checking offer?
This account includes the following features:
Message From Exchange Bank of California
Contact
- Headquarters
-
545 Fourth Street
Santa Rosa, CA 95401 USA - Visit Site
- Email Support
Other Services by Exchange Bank of California
Availability
Feature Breakdown
| Minimum Balance to Avoid Monthly Fee | Starting at $10,000 |
| Minimum Balance to Earn APY | $0.01 |
| Minimum Combined Balance to Avoid Monthly Fee | $30,000 |
| Minimum Opening Deposit | Starting at $500 |
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