Exchange Bank Money Market Review

Exchange Bank Money Market is offered by Exchange Bank of Louisiana, a bank founded in 1892 and based in Natchitoches, LA. Exchange Bank Money Market is available in 1 state across the USA.

Are money market accounts from Exchange Bank of Louisiana federally insured?

Yes, your Exchange Bank of Louisiana money market accounts are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #10528). 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 are the Exchange Bank Money Market rates?

What are the Exchange Bank Money Market fees?

This account charges a monthly maintenance fee of up to $10. You can avoid this fee by maintaining a balance of $1,000.

Exchange Bank of Louisiana will charge you a $17 fee if you exceed your maximum number of monthly transactions.

Exchange Bank of Louisiana will allow you to make up to 6 transactions per month. That is also the maximum set by federal regulations for money market accounts.

Exchange Bank Money Market Fees

Fees	Amount
Monthly Fee	up to $10
Paper Statement Fee	N/A
Excess Transaction Fee	$17

What is the minimum balance for Exchange Bank Money Market?

Minimum initial deposit of $1,000. You must make an initial deposit of at least $1,000 to open this account.

Monthly maintenance minimum balance of $1,000. You can avoid the monthly fee if you keep a minimum balance $1,000.

Interest rate minimum balance of $1,000. You must keep the account balance above $1,000 to earn interest.

What features and perks does Exchange Bank Money Market offer?

This account includes the following features:

• Check Writing - Exchange Bank Money Market includes check writing privileges. This is convenient method to pay bills and transfer money from your account.
• Fraud monitoring - Exchange Bank of Louisiana monitors transactions for potentially fraudulent activity.
• Mobile Banking Services - Exchange Bank Money Market allows you to manage your money online. This includes depositing checks in your account with your smartphone.

How to open an account with Exchange Bank of Louisiana

• Visit the Exchange Bank of Louisiana website.
• Fill in the application form. You will typically need to provide general financial information, such as your name, Social Security Number and address.
• Check the information is accurate and submit your application.