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  Exchange 50 Plus Interest Checking Account

Exchange 50 Plus Interest Checking Account

in Checking Accounts from Exchange Bank and Trust · fdic

Unaffiliated

Exchange 50 Plus Interest Checking Account

Unaffiliated

in Checking Accounts from Exchange Bank and Trust · Member FDIC

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Highlights
Monthly Fee $7.50
ATM Fee: Out-of-Network $1.50
Minimum Balance to Avoid Monthly Fee $1,000
APY (Annual Percentage Yield) 0.1%

Exchange 50 Plus Interest Checking Account Review

Exchange 50 Plus Interest Checking Account is offered by Exchange Bank and Trust, a bank founded in 1856 and based in Atchison, KS. Exchange 50 Plus Interest Checking Account is available in 1 state across the USA.

Key Takeaways
  • Higher than average APY. Exchange 50 Plus Interest Checking Account has an annual percentage yield of up to 0.1%, 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 $7.50, but the fee is waived if you keep a minimum balance of $1,000.
  • Bill pay. Pay your bills to practically anyone in the United States through Exchange Bank and Trust.
Exchange 50 Plus Interest Checking Account 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 50 Plus Interest Checking Account FAQ

Are checking accounts from Exchange Bank and Trust federally insured?

Yes, your Exchange Bank and Trust checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #4619). 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 50 Plus Interest Checking Account offer?

Exchange 50 Plus Interest Checking Account Rates & Terms
Description
APY (Annual Percentage Yield) 0.1%

Exchange 50 Plus Interest Checking Account offers an APY of 0.1% (APY stands for annual percentage yield, rates may change). However, to earn interest account holders must keep an average beginning day balance of $0.01.

What are the account minimums for Exchange 50 Plus Interest Checking Account?

Exchange 50 Plus Interest Checking Account requires a minimum initial deposit of $50 to open an account.

Exchange 50 Plus Interest Checking Account Account Minimums
Description Amount
Minimum Opening Deposit $50
APY Minimum Balance $0.01
Minimum Balance to Avoid Monthly Service Fee $1,000

What fees does Exchange 50 Plus Interest Checking Account charge?

This account charges a monthly service fee of $7.5.

Exchange 50 Plus Interest Checking Account Fees
Description
ATM Fee: In-Network $0
Check Copy $2
Debit Card Replacement Fee $10
Early Account Closure $10
Monthly Fee $7.50
Online Bill Pay Fee $0
Paper Statement Fee $2
Returned Deposit Fee (Domestic) $6
Stop Payment Fee $30
Wire Transfer Fee - Domestic (Incoming) $20
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $20
Wire Transfer Fee - International (Outgoing) $75
ATM Fee: Out-of-Network $1.50

Does Exchange 50 Plus Interest Checking Account charge overdraft fees?

What features and perks does Exchange 50 Plus Interest Checking Account offer?

This account includes the following features:

  • Fraud monitoring - Exchange 50 Plus Interest Checking Account monitors transactions for potentially unauthorized activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
  • Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Exchange 50 Plus Interest Checking Account allows you to manage your money online or with a mobile app. This includes depositing checks in your account with a mobile app on your smartphone.

What is the customer support email for Exchange 50 Plus Interest Checking Account?

The customer support email for Exchange 50 Plus Interest Checking Account is ibank@myexchangebank.com.

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Availability

  Available in 1 state
Kansas
Availabile in all of Kansas

Feature Breakdown

APY Minimum Balance $0.01
Minimum Opening Deposit Starting at $50
Minimum Balance to Avoid Monthly Fee $1,000
ATM Fee: In-Network $0
Online Bill Pay Fee $0
Check Copy $2
Debit Card Replacement Fee $10
Early Account Closure $10
Monthly Fee $7.50
Paper Statement Fee $2
Returned Deposit Fee (Domestic) $6
Stop Payment Fee $30
Wire Transfer Fee - Domestic (Incoming) $20
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $20
Wire Transfer Fee - International (Outgoing) $75
ATM Fee: Out-of-Network $1.50
Account Features
  • Member FDIC
  • Check Writing
  • Branch Access
  • Debit Card
  • Free Bill Pay
  • Fraud Protection
  • Debit Card Lock/Unlock
  • Fraud Monitoring
  • Mobile Banking
  • Interest Bearing Account
  • Mobile Check Deposit
APY (Annual Percentage Yield) 0.1%

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