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  Exchange 50 Plus Interest Checking Account
Exchange 50 Plus Interest Checking Account Unaffiliated

Exchange 50 Plus Interest Checking Account

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Highlights
Cashback Rewards N/A
APY (Annual Percentage Yield) 0.1%
Monthly Fee $7.50
Minimum Balance to Avoid Monthly Fee Starting at $1,000

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 are available in 1 state across the USA.

Key Takeaways

  • Low APY. The maximum annual percentage yield for this account is only 0.1%.
  • 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.
  • $1,000 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 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 deposits 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 $1,000 to open an account.

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

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
Monthly Fee $7.50
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $1.50
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
Paper Statement Fee $2
Online Bill Pay Fee $0
Check Copy $2
Debit Card Replacement Fee $10
Early Account Closure $10

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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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 50 Plus Interest Checking Account

Exchange 50 Plus Interest Checking --- You’ve been working quite a while up to this point. It’s time that your checking account does the same — earn competitive interest on your entire balance and enjoy fee-free check writing. 

Availability

  Available in 1 state
Kansas
Availabile in all of Kansas

Feature Breakdown

Minimum Opening Deposit Starting at $1,000
Minimum Balance to Avoid Monthly Fee Starting at $1,000
Minimum Balance to Earn APY $0.01
Monthly Fee $7.50
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $1.50
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
Paper Statement Fee $2
Online Bill Pay Fee $0
Check Copy $2
Debit Card Replacement Fee $10
Early Account Closure $10
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Debit Card Lock/Unlock
  • Fraud Protection
  • Debit Card
  • Branch Access
  • Member FDIC
  • Check Writing
APY (Annual Percentage Yield) 0.1%

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