Exchange Bank No Minimum Balance Checking Reviews (Nov. 2020) | Checking Accounts

Highlights
Monthly Fee	N/A
ATM Fee: Out-of-Network	$1.50
Minimum Balance to Avoid Monthly Fee	N/A
APY (Annual Percentage Yield)	N/A

Exchange Bank No Minimum Balance Checking Review

Exchange Bank No Minimum Balance Checking is offered by Exchange Bank, founded in 1894 and based in Omaha, NE. Exchange Bank No Minimum Balance Checking is available in 2 states across the USA.

Key Takeaways

$50 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
No ATM fees. Exchange Bank No Minimum Balance Checking does not charge fees on ATM transactions.
ATM fee reimbursements. This account will reimburse you for the ATM fees charged by other financial institutions
Hard credit pull. Exchange Bank may require a hard pull on your credit report to open a checking account.

Exchange Bank No Minimum Balance Checking Pros & Cons

Pros	Cons
Access to physical branches. Free debit card No charge on incoming domestic or international wire transfers.	No signup bonus. Does not earn interest. Only available in 2 states. Charges a fee on out-of-network ATM transactions.

Exchange Bank No Minimum Balance Checking FAQ

Are checking accounts from Exchange Bank federally insured?

No, your Exchange Bank checking accounts are not insured by a federal insurance agency. This means that if Exchange Bank 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 No Minimum Balance Checking offer?

What are the account minimums for Exchange Bank No Minimum Balance Checking?

Exchange Bank No Minimum Balance Checking requires a minimum initial deposit of $50 to open an account.

Exchange Bank No Minimum Balance Checking Account Minimums
Description	Amount
Minimum Initial Deposit	$50

What fees does Exchange Bank No Minimum Balance Checking charge?

The good news is that this account does not have a monthly service charge.

Exchange Bank No Minimum Balance Checking Fees
Description
Monthly Fee	N/A
Paper Statement Fee	N/A
ATM Fee: In-Network	$0
ATM Fee: Out-of-Network	$1.50
NSF Fee	N/A
Overdraft Protection Fee (per transfer)	N/A
Overdraft Item Fee	N/A
Early Account Closure	N/A
Returned Deposit Fee (Domestic)	N/A
Debit Card Replacement Fee	N/A
Bank Teller Fee	N/A
Check Cashing Fee	N/A
Online Bill Pay Fee	N/A
Stop Payment Fee	$12
Check Image Service	N/A
Check Copy	N/A
Foreign Transaction Fee (Debit Card)	N/A
Wire Transfer Fee - Domestic (Outgoing)	N/A
Wire Transfer Fee - International (Outgoing)	N/A
Wire Transfer Fee - International (Incoming)	N/A
Returned Deposit Fee (International)	N/A
Wire Transfer Fee - Domestic (Incoming)	N/A
ATM Reimbursement Monthly Limit	N/A

What features and perks does Exchange Bank No Minimum Balance Checking offer?

This account includes the following features:

Automatic savings - Set up an automatic transfer from your checking account to a savings account and you'll never have to second-guess your saving decisions again.
ATM reimbursement - This account will reimburse you for the ATM fees charged by other networks.
Mobile Banking Services - Exchange Bank No Minimum Balance Checking allows you to manage your money online. This includes depositing checks in your account with your smartphone.

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