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

Exchange Bank of California NonProfit Checking

Unaffiliated
Not enough votes for recommendation

Not enough votes for recommendation

Explore a similar product
Try this top product in Business Checking Accounts.
NorthOne Business Checking Account
NorthOne Business Checking Account

Rating not yet determined  

3 reviews
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, 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
  • Higher than average APY. Exchange Bank of California NonProfit 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 $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.
Exchange Bank of California NonProfit Checking Pros & Cons
Pros Cons
  • Interest-yielding account.
  • No signup bonus.
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Not FDIC-insured.
  • 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?

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 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:

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Exchange Bank of California

For incorporated and unincorporated non-profit organizations.

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
Check Copy $0
Debit Card Replacement Fee $0
Online Bill Pay Fee $0
ATM Fee: Out-of-Network Starting at $1.50
Check Image Service $2
Foreign Transaction Fee (Debit Card) 1.2%
Monthly Fee $6
NSF Fee $32
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%

Be the first to rate

 

Would you recommend Exchange Bank of California NonProfit Checking to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

Exchange Bank of California Business Checking Accounts

Loading...