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  Exchange Bank of California Everyday Checking

Exchange Bank of California Everyday Checking

in Checking Accounts from Exchange Bank of California · Member fdic

Unaffiliated

Exchange Bank of California Everyday Checking

Unaffiliated

in Checking Accounts from Exchange Bank of California · Member FDIC

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Highlights
Monthly Fee $10
ATM Fee: Out-of-Network $1.50
Minimum Balance to Avoid Monthly Fee $1,500
APY (Annual Percentage Yield) 0%

Exchange Bank of California Everyday Checking Review

Exchange Bank of California Everyday Checking is offered by Exchange Bank of California, a bank founded in 1890 and based in Santa Rosa, CA. Exchange Bank of California Everyday Checking is available in 1 state across the USA.

Key Takeaways
  • 0% APY. As with most checking accounts, Exchange Bank of California Everyday Checking does not pay interest.
  • Charges a monthly fee. This account charges a monthly service fee of $10, but the fee is waived if you keep a minimum balance of $1,500, have a monthly direct deposit of $500, or $5,000 combined balance accross eligible accounts..
  • $100 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 of California.
Exchange Bank of California everyday checking Pros & Cons
Pros Cons
  • Access to physical branches.
  • Free debit card and the option to lock/unlock the card if lost or stolen
  • No signup bonus.
  • Does not earn interest
  • Does not provide access to a nationwide ATM network.
  • Only available in one state.
  • Higher than average wire transfer fees.
  • Monthly service charge (if minimums are not met).
  • Charges a fee on out-of-network ATM transactions.
Exchange Bank of California everyday checking FAQ

Are checking accounts from Exchange Bank of California federally insured?

Yes, your Exchange Bank of California checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #8468). 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 of California everyday checking offer?

Exchange Bank of California everyday checking is not an interest-bearing account.

What are the account minimums for Exchange Bank of California everyday checking?

Exchange Bank of California everyday checking requires a minimum initial deposit of $100 to open an account.

Exchange Bank of California everyday checking Account Minimums
Description Amount
Minimum Opening Deposit $100
Minimum Combined Balance to Avoid Monthly Service Fee $5,000
Minimum Direct Deposit to Avoid Monthly Service Fee $500
Minimum Balance to Avoid Monthly Service Fee $1,500

What fees does Exchange Bank of California everyday checking charge?

This account charges a monthly service fee of $10.

Exchange Bank of California Everyday Checking Fees
Description
ATM Fee: In-Network $0
Debit Card Replacement Fee $0
Foreign Transaction Fee (Debit Card) 1.2%
Monthly Fee $10
NSF Fee $32
Online Bill Pay Fee $0
Overdraft Item Fee $32
Overdraft Protection Fee (per transfer) $10
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $10
Returned Deposit Fee (International) $10
Stop Payment Fee $32
Wire Transfer Fee - Domestic (Incoming) $15
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $15
Wire Transfer Fee - International (Outgoing) $55
ATM Fee: Out-of-Network $1.50

Does Exchange Bank of California everyday checking charge overdraft fees?

Yes, Exchange Bank of California everyday checking charges a $32 fee for every overdraft.

Exchange Bank of California everyday checking offers overdraft protection at a cost of $10 per transaction.

What features and perks does Exchange Bank of California everyday checking offer?

This account includes the following features:

  • Fraud monitoring - Exchange Bank of California everyday checking 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 Bank of California everyday checking 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.
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Availability

  Available in 1 state
California
Availabile in all of California

Feature Breakdown

Minimum Combined Balance to Avoid Monthly Fee $5,000
Minimum Direct Deposit to Avoid Monthly Fee $500
Minimum Opening Deposit Starting at $100
Minimum Balance to Avoid Monthly Fee $1,500
ATM Fee: In-Network $0
Debit Card Replacement Fee $0
Online Bill Pay Fee $0
Foreign Transaction Fee (Debit Card) 1.2%
Monthly Fee $10
NSF Fee $32
Overdraft Item Fee $32
Overdraft Protection Fee (per transfer) $10
Paper Statement Fee $5
Returned Deposit Fee (Domestic) $10
Returned Deposit Fee (International) $10
Stop Payment Fee $32
Wire Transfer Fee - Domestic (Incoming) $15
Wire Transfer Fee - Domestic (Outgoing) $30
Wire Transfer Fee - International (Incoming) $15
Wire Transfer Fee - International (Outgoing) $55
ATM Fee: Out-of-Network $1.50
Bank Account Features
  • FDIC Member
  • Branch Access
  • Debit Card
  • Free Bill Pay
  • Fraud Protection
  • Debit Card Lock/Unlock
  • Fraud Monitoring
  • Mobile Banking
  • Mobile Check Deposit

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