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  Exchange Bank of California NonProfit Checking
Exchange Bank of California NonProfit Checking Unaffiliated

Exchange Bank of California NonProfit Checking

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Highlights
Monthly Fee $6
ATM Fee: Out-of-Network Starting at $1.50
Minimum Balance to Avoid Monthly Fee Starting at $1,000
APY (Annual Percentage Yield) 0.02% - 0.09%

Exchange Bank of California NonProfit Checking Review

Exchange Bank of California NonProfit Checking is offered by Exchange Bank of California, a bank founded in 1890 and based in Santa Rosa, CA. Exchange Bank of California NonProfit Checking is available in 1 state across the USA.

Key Takeaways

  • Low APY. The maximum annual percentage yield for this account is only 0.09%.
  • Charges a monthly fee. This account charges a monthly service fee of $6, but the fee is waived if you keep a minimum balance of $1,000.
  • $500 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
  • Bill pay. Pay your bills to practically anyone in the United States through Exchange Bank of California.

Exchange Bank of California NonProfit Checking Pros & Cons

Pros Cons
  • Interest-yielding account.
  • Access to physical branches.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • No signup bonus.
  • Does not provide access to a nationwide ATM network.
  • Only available in one state.
  • Higher than average wire transfer fees.
  • Monthly service charge.
  • Charges a fee on out-of-network ATM transactions.

Exchange Bank of California NonProfit Checking FAQ

Are business checking accounts from Exchange Bank of California federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #8468). The FDIC is an independent agency of the United States government that protects you against the loss of your insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.

What APY does Exchange Bank of California NonProfit Checking offer?

Exchange Bank of California NonProfit 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.

Exchange Bank of California NonProfit Checking Rates and Terms
Rates Amount
APY (Annualized Percentage Yield) 0.02% - 0.09%

What are the account minimums for Exchange Bank of California NonProfit Checking?

Exchange Bank of California NonProfit Checking requires a minimum initial deposit of $500 to open an account.

Exchange Bank of California NonProfit Checking Account Minimums
Description Amount
Minimum Initial Deposit $500
APY Minimum Balance $0.01
Minimum Combined Balance to Avoid Monthly Fee $10,000
Minimum Balance to Avoid Monthly Fee $1,000

What fees does Exchange Bank of California NonProfit Checking charge?

This account charges a monthly maintenance fee of $6.

Exchange Bank of California NonProfit Checking Fees
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 $6
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 NonProfit Checking offer?

This account includes the following features:

  • Fraud monitoring - Exchange Bank of California NonProfit Checking monitors transactions for potentially fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Free Bill Pay - Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Exchange Bank of California NonProfit Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.
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Message From Exchange Bank of California

For incorporated and unincorporated non-profit organizations.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 5:00pm
  • Saturday Closed

Other Services by Exchange Bank of California

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Availability

  Available in 1 state
California
Availabile in all of California

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $1,000
Minimum Balance to Earn APY $0.01
Minimum Combined Balance to Avoid Monthly Fee $10,000
Minimum Opening Deposit Starting at $500
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 $6
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
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Business Formation Documents
  • Government Issued Photo ID
  • Social Security Number
  • Business Tax Return
Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Fraud Protection
  • Debit Card
  • Branch Access
  • Member FDIC
APY (Annual Percentage Yield) 0.02% - 0.09%

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