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.

• 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 maintenance 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 account requires a higher minimum initial deposit than most of the checking accounts we track.
• No minimum initial deposit. There is no minimum balance required to open an account.
• Free bill pay. Pay your bills to practically anyone in the United States through Exchange Bank of California.
• Hard credit pull. Exchange Bank of California may require a hard pull on your credit report to open a checking account.

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.

What fees does Exchange Bank of California Everyday Checking charge?

This account charges a monthly maintenance fee of $10.

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 fraudulent activity, such as when a debit card is unexpectedly used in a different location or you make a sudden string of costly purchases.
• Free Bill Pay - 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. This includes depositing checks in your account with your smartphone.