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  Exchange Bank Money Market

Exchange Bank Money Market

in Money Market Accounts from Exchange Bank of Louisiana · Member fdic

Unaffiliated

Exchange Bank Money Market

Unaffiliated

in Money Market Accounts from Exchange Bank of Louisiana · Member FDIC

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Highlights
APY (Annual Percentage Yield) N/A
APY Minimum Balance $1,000
Minimum Opening Deposit Starting at $1,000

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.

Key Takeaways
  • 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 $1,000.
  • $1,000 minimum deposit. This is a typical minimum initial deposit, but there are accounts that require a smaller initial deposit.
Pros & Cons of Exchange Bank Money Market
Pros Cons
  • Access to physical branches.
  • No charge on incoming domestic or international wire transfers.
  • Deposit checks remotely.
  • No signup bonus.
  • Does not provide a debit card or ATM access to your money.
  • Only available in one state.
  • Monthly service charge.
Exchange Bank Money Market FAQ

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 interest rates for Exchange Bank Money Market rates?

What are the fees for Exchange Bank Money Market?

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 withdrawals or transactionss per month. That is also the maximum set by federal regulations.
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 deposit of $1,000. You must make an initial deposit of at least $1,000 to open this account.

Monthly maintenance fee waiver. You can avoid the monthly fee if you keep a balance of $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 through online banking and a dedicated mobile app. This includes depositing checks in your account with your smartphone.

What is the customer service phone number?

The customer service number for this business card is (318) 352-8141.

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.
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Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 5:00pm
  • Saturday Closed

Other Services by Exchange Bank of Louisiana

Availability

  Available in 1 state
Louisiana
Availabile in all of Louisiana

Feature Breakdown

APY Minimum Balance $1,000
Minimum Balance to Avoid Monthly Fee $1,000
Minimum Opening Deposit Starting at $1,000
Monthly Fee $10
Bank Account Features
  • Mobile Check Deposit
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Bauer Financial A+/A Rating
  • Branch Access
  • FDIC Member
  • Check Writing
Dividend Compounding Frequency Daily
Dividend Payout Frequency Monthly

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