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  Exchange Bank Basic Checking
Exchange Bank Basic Checking
in Checking Accounts from Exchange Bank · Member FDIC
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Exchange Bank Basic Checking

Unaffiliated
in Checking Accounts from Exchange Bank · Member FDIC
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Highlights
Cashback Rewards N/A
APY (Annual Percentage Yield) 0.01% - 0%
Monthly Fee $0
Minimum Balance to Avoid Monthly Fee Starting at $0

Exchange Bank Basic Checking Review

Exchange Bank Basic Checking is offered by Exchange Bank, a bank founded in 1894 and based in Omaha, NE. Exchange Bank Basic Checking is available in 2 states across the USA.

Key Takeaways

  • 0% APY. As with most checking accounts, Exchange Bank Basic Checking does not pay interest.
  • $0 monthly fee. This account does not charge any monthly account fees.
  • No ATM fees. Exchange Bank Basic Checking does not charge fees on ATM transactions.

Exchange Bank Basic Checking Pros & Cons

Pros Cons
  • Free debit card
  • No charge on incoming domestic or international wire transfers.
  • No signup bonus.
  • Does not earn interest
  • Does not offer mobile check deposits.
  • Does not provide access to a nationwide ATM network.
  • Only available in 2 states.

Exchange Bank Basic Checking FAQ

Are checking accounts from Exchange Bank federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #1435). 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 Basic Checking offer?

Exchange Bank Basic Checking offers an APY starting at $0.01% (APY stands for annual percentage yield, rates may change).

Exchange Bank Basic Checking Rates and Terms
Rates Amount
APY (Annual Percentage Yield) $0.01%

What are the account minimums for Exchange Bank Basic Checking?

Exchange Bank Basic Checking requires a minimum initial deposit of $50 to open an account.

Exchange Bank Basic Checking Minimums
Description
Minimum Opening Deposit Starting at $50
Minimum Balance to Avoid Monthly Fee Starting at $0
Minimum Combined Balance to Avoid Monthly Fee $0
Minimum Direct Deposit to Avoid Monthly Fee Starting at $0
Minimum Balance to Earn APY $0

What fees does Exchange Bank Basic Checking charge?

The good news is that this account does not have a monthly Service Charge.

Exchange Bank Basic Checking Fees
Description
Monthly Fee $0
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $0
ATM Reimbursement Monthly Limit $0
Bank Teller Fee $0
Foreign Transaction Fee (Debit Card) 0%
NSF Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $0
Returned Deposit Fee (Domestic) $0
Returned Deposit Fee (International) $0
Stop Payment Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $0
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - International (Outgoing) $0
Paper Statement Fee $0
Online Bill Pay Fee $0
Check Copy $0
Check Image Service $0
Check Cashing Fee $0
Debit Card Replacement Fee $0
Early Account Closure $0

Does Exchange Bank Basic Checking charge overdraft fees?

No, Exchange Bank Basic Checking does not charge overdraft fees.

What features and perks does Exchange Bank Basic Checking offer?

This account includes the following features:

  • Mobile Banking Services - Exchange Bank Basic Checking allows you to manage your money online or with a mobile app.

What is the customer support email for Exchange Bank Basic Checking?

The customer support email for Exchange Bank Basic Checking is mmadden@eb-us.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 Bank Basic Checking

Exchange Bank has a wide variety of checking accounts to match any needs. We understand that each customer’s needs may be unique and try to provide an option that is viable for each and every customer. 

Basic Checking --- Free Unlimited Exchange Bank ATM Usage, Optional Benefits Plan, Bill Pay & Popmoney Payments, Online Banking, Free ATM/Debit Card Available, Mobile Banking & Mobile Deposit, Free Online E-Statements.

Availability

  Available in 2 states
  • Kansas
  • Nebraska

Feature Breakdown

Minimum Opening Deposit Starting at $50
Minimum Balance to Avoid Monthly Fee Starting at $0
Minimum Combined Balance to Avoid Monthly Fee $0
Minimum Direct Deposit to Avoid Monthly Fee Starting at $0
Minimum Balance to Earn APY $0
Monthly Fee $0
ATM Fee: In-Network $0
ATM Fee: Out-of-Network Starting at $0
ATM Reimbursement Monthly Limit $0
Bank Teller Fee $0
Foreign Transaction Fee (Debit Card) 0%
NSF Fee $0
Overdraft Item Fee $0
Overdraft Protection Fee (per transfer) $0
Returned Deposit Fee (Domestic) $0
Returned Deposit Fee (International) $0
Stop Payment Fee $0
Wire Transfer Fee - Domestic (Incoming) $0
Wire Transfer Fee - Domestic (Outgoing) $0
Wire Transfer Fee - International (Incoming) $0
Wire Transfer Fee - International (Outgoing) $0
Paper Statement Fee $0
Online Bill Pay Fee $0
Check Copy $0
Check Image Service $0
Check Cashing Fee $0
Debit Card Replacement Fee $0
Early Account Closure $0
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Proof of Residence
Account Features
  • No ATM Fees
  • No Monthly Maintenance Fee
  • Mobile Banking
  • Debit Card
  • Member FDIC
APY (Annual Percentage Yield) 0.01% - 0%

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