Exchange Flex Checking Account Reviews (Jan. 2021) | Checking Accounts

Highlights
Monthly Fee	$4
ATM Fee: Out-of-Network	$1.50
Minimum Balance to Avoid Monthly Fee	$1,000
APY (Annual Percentage Yield)	0%

Exchange Flex Checking Account Review

Exchange Flex Checking Account is offered by Exchange Bank and Trust, a bank founded in 1856 and based in Atchison, KS. Exchange Flex Checking Account is available in 1 state across the USA.

Key Takeaways

0% APY. As with most checking accounts, Exchange Flex Checking Account does not pay interest.
Charges a monthly fee. This account charges a monthly maintenance fee of $4, but the fee is waived if you keep a minimum balance of $1,000 or have a monthly direct deposit of $1,000.
$50 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit or have no minimum.
Free bill pay. Pay your bills to practically anyone in the United States through Exchange Bank and Trust.
Hard credit pull. Exchange Bank and Trust may require a hard pull on your credit report to open a checking account.

Exchange Flex Checking Account Pros & Cons

Pros	Cons
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. Not FDIC-insured. 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 Flex Checking Account FAQ

Are checking accounts from Exchange Bank and Trust federally insured?

Yes, your Exchange Bank and Trust checking accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #4619). 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 Flex Checking Account offer?

Exchange Flex Checking Account is not an interest-bearing account.

What are the account minimums for Exchange Flex Checking Account?

Exchange Flex Checking Account requires a minimum initial deposit of $50 to open an account.

Exchange Flex Checking Account Account Minimums
Description	Amount
Minimum Initial Deposit	$50
Minimum Direct Deposit to Avoid Monthly Fee	$1,000
Minimum Balance to Avoid Monthly Fee	$1,000

What fees does Exchange Flex Checking Account charge?

This account charges a monthly maintenance fee of $4.

Exchange Flex Checking Account Fees
Description
Monthly Fee	$4
Paper Statement Fee	$2
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	$10
Returned Deposit Fee (Domestic)	$6
Debit Card Replacement Fee	$10
Bank Teller Fee	N/A
Check Cashing Fee	N/A
Online Bill Pay Fee	$0
Stop Payment Fee	$30
Check Image Service	N/A
Check Copy	$0.75
Foreign Transaction Fee (Debit Card)	N/A
Wire Transfer Fee - Domestic (Outgoing)	$30
Wire Transfer Fee - International (Outgoing)	$75
Wire Transfer Fee - International (Incoming)	$20
Returned Deposit Fee (International)	N/A
Wire Transfer Fee - Domestic (Incoming)	$20
ATM Reimbursement Monthly Limit	N/A

What features and perks does Exchange Flex Checking Account offer?

This account includes the following features:

Fraud monitoring - Exchange Flex Checking Account 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 Flex Checking Account allows you to manage your money online. This includes depositing checks in your account with your smartphone.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

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.