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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, 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.
  • $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.
Exchange 50 Plus Interest Checking Account 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 50 Plus Interest Checking Account FAQ

Are checking accounts from Exchange Bank and Trust federally insured?

No, your Exchange Bank and Trust checking accounts are not insured by a federal insurance agency. This means that if Exchange Bank and Trust 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 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 Balance to Earn APY $0.01
Minimum Opening Deposit Starting at $1,000
Minimum Balance to Avoid Monthly Fee Starting at $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 Starting at $1.50

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

This account includes the following features:

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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Message From Exchange Bank and Trust

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 Balance to Earn APY $0.01
Minimum Opening Deposit Starting at $1,000
Minimum Balance to Avoid Monthly Fee Starting at $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 Starting at $1.50
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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