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  Exchange Bank Savings Account
Exchange Bank Savings Account
in Savings Accounts from Exchange Bank · Member FDIC
Unaffiliated

Exchange Bank Savings Account

Unaffiliated
in Savings Accounts from Exchange Bank · Member FDIC
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Highlights
Monthly Fee $5
APY (Annual Percentage Yield) Starting at 0.01%
Minimum Balance to Earn APY $0.01

Exchange Bank Savings Account Review

Exchange Bank Savings Account is offered by Exchange Bank, a bank founded in 1894 and based in Omaha, NE. Exchange Bank Savings Account is available in 2 states across the USA.

Key Takeaways

  • Charges a monthly fee. This account charges a monthly service fee of $5, but the fee is waived if you keep a minimum balance of $50.

Exchange Bank Savings Account Pros & Cons

Pros Cons
  • Access to physical branches.
  • No signup bonus.
  • Does not earn interest.
  • Does not provide access to a nationwide ATM network.
  • Does not come with a debit card
  • Only available in 2 states.
  • Monthly service charge.

Exchange Bank Savings Account FAQ

Are savings accounts from Exchange Bank federally insured?

Yes, your deposits are insured up to $250,000 per person by the Federal Deposit Insurance Corporation (FDIC #1435). 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.

Does Exchange Bank offer a signup bonus?

Exchange Bank Savings Account doesn't offer a signup bonus.

What is the minimum initial deposit for Exchange Bank Savings Account?

The minimum deposit to open a Exchange Bank Savings Account is $50.
Exchange Bank Savings Account Minimums
Description
Minimum Balance to Avoid Monthly Fee Starting at $50
Minimum Balance to Earn APY $0.01
Minimum Opening Deposit Starting at $50

What APY does Exchange Bank Savings Account offer?

Exchange Bank Savings Account offers a variable APY starting at 0.01% (APY stands for annual percentage yield, rates may change).

What fees does Exchange Bank Savings Account charge?

This account charges a monthly service fee of $5. However, you can waive the monthly fees if you have a minimum daily balance of $50.

What features and perks does Exchange Bank Savings Account offer?

This savings account includes the following features:

  • Fraud monitoring - Exchange Bank Savings 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 Online Bill Pay - Online Bill Pay allows you to pay bills easily from your account.
  • Mobile Banking Services - Exchange Bank Savings Account 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.

Can you set up a direct deposit to Exchange Bank Savings Account?

Yes, you can typically set up a direct deposit to this account. However, it depends on the direct deposit program your employer uses. Most direct deposit programs allow you to send your paycheck to a savings or checking account. In some cases, you can even split your paycheck between the two.

What is the customer support email for Exchange Bank Savings Account?

The customer support email for Exchange Bank Savings Account is mmadden@eb-us.com.

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Availability

  Available in 2 states
  • Kansas
  • Nebraska

Feature Breakdown

Minimum Balance to Avoid Monthly Fee Starting at $50
Minimum Balance to Earn APY $0.01
Minimum Opening Deposit Starting at $50
Monthly Fee $5
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of Identity
  • Government Issued Photo ID
  • Social Security Number
Account Features
  • Free Bill Pay
  • Mobile Check Deposit
  • Interest Bearing Account
  • Mobile Banking
  • Fraud Monitoring
  • Fraud Protection
  • Branch Access
  • Member FDIC
APY (Annual Percentage Yield) Starting at 0.01%

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